One Central – Offices No. 4 Dubai | Office: +971 45686046
ITQAN is a company that specializes in business setup and business growth

Establish your company now in Dubai

٠٣ يناير Establish your company now in Dubai

Establish your company now in Dubai. Dubai has an international reputation as one of the most important commercial and economic centers in the world, as it constitutes an ideal environment for entrepreneurship and establishing companies. Dubai provides a legal framework and flexible legislation that facilitates the process of establishing companies, making it one of the most attractive destinations for investors and business owners.

When you think about starting a company in Dubai, you find yourself faced with a range of exciting opportunities and challenges to face. Your journey begins by determining the type of company that best suits your goals and business requirements, whether it is a sole proprietorship, a limited liability company, or a subsidiary of another company.

Then comes the role of choosing an appropriate name for the company that expresses its identity and attracts potential customers. You also need to decide where you will be working from, whether that is in a free zone like Jebel Ali or in the heart of the city.

After that, you prepare the required legal documents and apply to the local authorities to obtain the necessary licenses and approvals. The financial and tax aspects of the company must also be considered, ensuring the necessary investments are in place to successfully start the business.

In short, setting up a company in Dubai requires good planning and dealing with many legal, financial and regulatory aspects. But with good preparation and the right help, your company can become part of sustainable economic success in this dynamic environment.

Establish

Establish your company now in Dubai

Basic steps to establish a company in Dubai

When it comes to setting up a company in Dubai, the process requires several basic steps to ensure compliance with local laws and regulations. Here are the basic steps for setting up a company in Dubai:

  • Determine the type of company: Before starting the establishment process, you must determine the type of company that is appropriate for your business. The available options can be a sole proprietorship, a partnership company, or a joint stock company.
  • Choosing a company name: You must choose a unique and appropriate name for the company and ensure that it complies with the laws and requirements of the commercial registry in Dubai.
  • Obtaining a commercial permit: A commercial permit must be obtained from the Department of Economic Development in Dubai, after submitting the required documents and paying the prescribed fees.
  • Determine the location and business address: The company must be located and obtain a business address approved by the local authorities.
  • Submitting the necessary documents: Establishing the company requires submitting the required documents such as the passport for shareholders and managers, the commercial plan, the partners’ agreement if the company is a partnership, and a no-objection certificate from the competent authorities.
  • Registration in the Commercial Registry: After completing the documents and requirements, an application for registration in the Commercial Registry is submitted and the prescribed fees are paid.
  • Obtaining the necessary licenses: The company may need licenses specific to its activity, such as a building license if it works in the field of construction, or a health license if it provides health services, and other necessary licenses.
  • Registration with government bodies: You must register with the relevant governmental bodies depending on the company’s activity, such as the Department of Economic Development, the Department of Labor, and other bodies.
  • Opening a bank account: A bank account must be opened in the company’s name and the required capital must be transferred to the company’s account.
  • Extracting the commercial license: After meeting all requirements, the company’s official commercial license is extracted.

Types of companies available to establish in Dubai

Type of Companya description
Sole proprietorshipIt is a company managed by one person, who is solely responsible for the debts and obligations of the company.
Partnership companyIt is managed by a group of people (partners) and enjoys the distribution of responsibilities, profits and losses among the partners according to a certain partnership agreement.
Shareholding companyIt can be a public company (where the public can buy its shares) or a private company (where a limited number of people own it), and shareholders are equity holders who participate in capital and bear risk in proportion to the size of their contributions.
Limited liability companyThis company is a separate legal entity from the shareholders, as the shareholders are not personally responsible for debts and losses and are only liable to the extent of the capital contributed to the company.
CompanyIt is considered a branch of a parent company that operates under its supervision and has relative independence in business.

Please note that these types differ in requirements, responsibilities and benefits, and you should consult with Itqan Company experts to determine the appropriate type for your business and your specific needs.

Documents required to open a bank account in Dubai for non-residents

To open a bank account in Dubai for non-residents, UAE banks usually require a set of basic documents and information. These documents may differ slightly between banks according to the policies of each bank, but in general, there is a list of documents that may be required when opening a bank account in Dubai for non-residents:

  • Passport: A copy of a valid passport must be submitted for those with open accounts to verify the person’s identity.
  • Proof of address: You may need to provide proof of your current residential address, such as an electricity or water bill or lease. It is preferable that the address be current and match the information provided.
  • Application Form: The bank usually requires filling out an application form to open a bank account, which is provided by the bank.
  • Financial Information: You may need to provide information about the source of the funds deposited in the account and the nature of the business if this information is required.
  • Personal Data: You may be asked to provide some personal data such as date of birth, marital status, and contact information.
  • Additional documents: In some cases, the bank may require additional documents such as a commercial registration if you have a company or organization, or providing other identification documents.

Please note that these documents depend on each bank\\\’s policies and may vary from one bank to another, so it is best to contact the specific bank you wish to open an account with to obtain an accurate list of required documents.

Establishing

Establishing a company in Dubai

Key benefits of setting up a company in Dubai

Establishing a company in Dubai is an important investment step and can have several key benefits that contribute to business success and promote economic growth. Establishing a company in Dubai can provide a range of key benefits, including:

  1. Advanced Infrastructure: Dubai has a developed and modern infrastructure that includes roads, ports and airports, which facilitates transportation and trade operations and supports business growth.
  2. Access to regional and global markets: Dubai is located in a strategic location that facilitates access to many regional and global markets, providing diverse and wide-ranging business opportunities.
  3. Favorable legal environment: Dubai provides a business-friendly legal environment with an independent and effective judicial system, encourages investment and protects the rights of investors.
  4. Government Facilities: The government in Dubai provides the necessary facilities to establish companies and encourage investment by accompanying investors and providing the necessary support.
  5. Diverse industrial structure: Dubai includes a wide range of different industries and sectors such as retail, real estate, technology, and financial services, which provides opportunities for cooperation and partnerships.
  6. Financial Facilities: Dubai provides financial facilities to companies such as loans and financial assistance to small and medium enterprises.
  7. Cultural Diversity: Dubai has a culturally, linguistically and religiously diverse community, facilitating communication with a large number of international clients and partners.

These are some of the main benefits that can be gained from establishing a company in Dubai, and these benefits can change based on the type of company, its activity, and its target market.

Services provided by Itqan Company to establish a company in Dubai

Atiqan Company offers a wide range of services for establishing companies in Dubai , including but not limited to:

  1. Company establishment consultations: Providing specialized consultations to determine the appropriate legal structure for the company and the options available for its establishment in Dubai.
  2. Providing documents and procedures: Assisting clients in completing and submitting the necessary documents to establish the company and conducting the required legal and administrative procedures.
  3. Company Registration: Carrying out company registration processes in Dubai and obtaining the necessary licenses and permits from the relevant authorities.
  4. Legal and accounting services: Providing the legal and accounting services necessary to establish the company and manage it effectively and productively.
  5. Customer Support: Providing support and assistance to customers throughout the company establishment process, including guidance and advice necessary to ensure smooth and reliable procedures.
  6. Providing multiple services: Providing various services that include creating bank accounts, issuing visas, tax registration procedures, and other services related to establishing companies in Dubai.

In short, Atqan offers comprehensive and integrated solutions for establishing companies in Dubai, making it easier for clients to start and manage their businesses efficiently and effectively in the local market.

Establish your company now in Dubai

After exploring the foundations of setting up your company in Dubai, it becomes clear that this process is not just a sequence of steps, but rather the realization of a distinct business vision. Dubai is establishing itself as a global center for business and innovation, and here is a conclusion that summarizes the importance of these steps without going into technical details:

Establishing a company in Dubai is an important step towards achieving your vision of success and growth. Dubai is considered a major gateway for business in the region, as it has an inspiring investment environment and legal facilities that attract entrepreneurs from various sectors. By adhering to Dubai\\\’s strict laws and regulations, investors can build sustainable and successful companies.

Dubai offers multiple opportunities in the fields of innovation, technology and services, contributing to diversifying the economy and increasing employment opportunities. Well-developed infrastructure and rational government guidance provide strong support for entrepreneurship and startup growth.

It is necessary to consider the guidance of local experts and consultants to ensure that the correct strategies are applied and that the necessary assistance is obtained in every step of establishing the company . By relying on transparency and business professionalism, your company can grow and thrive in this dynamic environment.

In short, Dubai represents an ideal destination for entrepreneurship and achieving success in the global business world. By exploiting available opportunities and consulting experts, your company can thrive and grow in this dynamic and evolving market.

Frequently asked questions about establishing your company now in Dubai

What are the main steps to establish a company in Dubai?

  • Determine the type of company and register its name.
  • Submit an application and obtain a license from the competent authorities.
  • Open a bank account and determine a location for the company.

What are the main benefits of setting up a company in Dubai?

  • Access to a diverse global market.
  • Benefit from a developed investment environment.
  • Get flexibility in taxes and trade legislation.

What are the options for types of companies in Dubai?

  • Local company.
  • Company.
  • Consolidated company.

What are the basic requirements to open a company bank account in Dubai?

  • Company incorporation documents.
  • Details of shareholders and directors.
  • Registered address of the company.

Can foreigners establish a company in Dubai?

Yes, foreigners can establish companies in Dubai provided they comply with local laws and requirements.

What are the expected fees and costs for establishing a company in Dubai?

Fees vary according to the type of company and services required, and precise details can be obtained from the competent authorities.