Some investors searching for establishing a company in Dubai for foreigners, because in the renewed and dynamic business world, Dubai stands out as one of the most prominent global centers for investment and business, providing an ideal environment for establishing and developing companies thanks to innovative economic policies and advanced infrastructure. Dubai has a strong reputation as a global business hub and is increasingly attracting investors and entrepreneurs from around the world to take advantage of the growth and diversification opportunities it offers. One of the key steps is being taken by investors and entrepreneurs who aspire to integrate into Dubai’s vibrant market.

Is to cooperate with local companies with extensive experience in the business field. Among these companies that stand out in the UAE business landscape is Etqan, which has a strong reputation and a long history of success and excellence in supporting startups and medium-sized companies. Establishing a company in Dubai in collaboration with Etqan represents an important strategic step for foreigners seeking to explore business opportunities in this dynamic market. This collaboration provides investors with the opportunity to benefit from the local expertise and strategic guidance provided by Etqan, helping them overcome obstacles and achieve success in Dubai’s bustling business environment. This article includes a review of the basic steps, legal and procedural requirements for establishing a company in Dubai in cooperation with Etqan, as well as highlighting the benefits and challenges that investors may face in this process.

Steps to establish a company in Dubai for foreigners

Establishing a company in Dubai for foreigners requires following certain procedures and adhering to local legislation and regulations. Here are the basic steps to setting up a business in Dubai for foreigners:

1. Choosing the type of company: The investor must determine the type of company he wishes to establish, whether it is a limited liability company (LLC), a sole proprietorship or a limited liability company (Ltd), according to his business needs and objectives.
2. Name selection and registration: A company name that complies with local regulations and laws on company registration in Dubai must be selected. The name must be unique and unlike any company that already exists. After choosing the name, an application must be submitted to register the company and choose the appropriate business.
3. Determination of Capital Contribution: Investors must determine the amount of capital they wish to invest in the company. In some cases, there are specific minimum capital requirements.
4. Obtaining the incorporation permit: Investors are required to obtain the incorporation permit from the Department of Economic Development (DED) in Dubai. This includes submitting the required documents and paying the related fees.
5. Incorporation of the company: After obtaining the permit, the process of incorporation of the company can be initiated, including the signing of the necessary contracts and the repayment of the capital.
6. Business license: The new company must obtain a business license from the relevant government agencies, such as the Department of Economic Development. Opening a bank account: The Company shall open a commercial bank account at a local bank in Dubai.
7. Social security registration: The company must register its employees in social security and health insurance in accordance with local legislation.
8. Visas and stays: Foreigners associated with the company must obtain the necessary visas and stays to stay and work in Dubai.
9. Tax Compliance: The Company is required to comply with local taxes and submit tax reports regularly in accordance with the tax laws of Dubai. These steps form a general model for the process of establishing a company in Dubai for foreigners, and the details can vary according to the type of company and the laws and regulations currently in force. Therefore, it is important to obtain professional legal and financial advice before starting the incorporation process.

Dubai Company Incorporation Documents for Foreigners

To establish a company in Dubai as a foreigner, there are several papers that must be prepared in order to obtain the establishment of a successful company. You will usually need the following documents and papers:

1. Incorporation application form: The official incorporation application form must be filled out and submitted to the concerned authority. The form contains information about the type of company, planned business activities, shareholders and managers.
2. Memorandum of Association: The memorandum of association shall be prepared specifying the company’s data such as its name, activity, address, invested capital, shareholders’ shares and administrative procedures.
3. Passport: A certified copy of your passport must be submitted as part of the registration process.
4. Commercial Register: You may be required to submit an approved commercial register or register the company in the local commercial register.
5. Contracts and Agreements: You may need to prepare the necessary contracts and agreements, such as participation contracts or consultancy contracts, according to your own company’s needs.
6. Financial Certificates: You may need to provide financial certificates to show the source of your funds and your ability to finance the company.
7. Approval of government agencies: You may be required to obtain approval from the relevant government agencies, such as the Investment Authority or the company operating the free zone, depending on the status of the company.

Advantages of establishing a company in Dubai for foreigners

The city of Dubai is considered the center of investments in the Middle East and the focus of attention of foreign entrepreneurs and investors to establish businesses on its territory thanks to its facilities, services and flexible procedures. There are many advantages to establishing a company in Dubai for foreigners:

• Tax exemption in free zones: Free zones in Dubai are not subject to any kind of taxes, neither on companies nor on the personal income of individuals, and they also provide the freedom to dispose of profits and capital.
• Constantly evolving infrastructure: One of the most important factors that make Dubai suitable for investment is the strong and sophisticated infrastructure where the continuous development of infrastructure plays on providing ease of mobility and logistical support for projects.
• Diversified business facilities: The UAE government is keen to provide all types of facilities that serve investors. Facilities in Dubai vary according to the type of activity and the size of the capital, such as shopping centers, towers and others.

 Establishing a Company in Dubai for Foreigners

Government facilities for foreign investors in Dubai

In Dubai, the government provides many facilities and benefits to foreign investors to encourage them to invest in the emirate. Here are some key government facilities:

1. Full ownership: Foreign investors are allowed to own and operate 100 percent companies in designated free zones in accordance with local laws.
2. Work and residence visas: The emirate offers work and residence visas to investors and their families, making it easier for them to reside and work in Dubai.
3. Sophisticated infrastructure: Dubai has a well-developed infrastructure that includes state-of-the-art transport facilities, communications and technology, providing an ideal environment for business.
4. Effective government regulation: Dubai’s government system is efficient and transparent, making establishment and operation procedures easier and smoother.
5. Economic Emancipation: Dubai has a liberal economic organization that encourages innovation and entrepreneurship, making it an ideal destination for start-ups and innovators.
6. Tax exemptions: In some free zones and SEZs, investors enjoy tax exemptions on income and other taxes.
7. Quick licenses: Investors can obtain the necessary licenses relatively quickly, making it easier to start their business quickly in Dubai.
8. Global Market Access: Dubai is a global business and financial hub, offering foreign investors ample opportunities to expand into new markets.

Cost of establishing a company in Dubai for foreigners

The cost of establishing a company in Dubai for foreigners is affected by several factors, including the type of company, the geographical area you choose to establish the company (such as free zones or local areas), the additional services you may need, and other factors. However, here are some points you should consider when you consider the cost of setting up a company in Dubai for foreigners:

• Registration and licensing fees: These fees include the cost of registration and licenses necessary to establish the company, and these costs vary according to the type of company and the geographical region.
• Attorney fees and legal advice: You may need the services of an attorney or legal counsel to help you prepare documents and ensure that all legal proceedings are conducted properly, and these services can be expensive.
• Additional services fees: You may need additional services such as opening a bank account or renting an office or accounting services, all of which may increase the cost of establishing the company.
• Required capital: Some types of companies may require a certain base capital, and this cost should be taken into account when planning the establishment of the company.
• Visa and Residence Fees: If you plan to work for the company, you may need to pay a fee to obtain a work and residence visa in the UAE.
• Tax Fees: Remember that there may be annual fees and taxes that apply to companies in Dubai, such as value added tax (VAT) and income tax, and these costs should add to the cost of establishing the company.

Required licenses to establish a company in Dubai for foreigners

The licenses required to establish a company in Dubai for foreigners depend on the type of business activity you plan to conduct, the region in which you intend to establish the company (such as free zones or local areas), and the legal and regulatory requirements for the activity you wish to practice. However, there are some common business licenses that can be required to set up a company in Dubai for foreigners:

• General Commercial License: This license allows the company to practice a wide range of general commercial activities.
• Special commercial license: This license varies according to the company’s activity, and a special license must be obtained if the company intends to practice a specific commercial activity such as building, cooking, printing, etc.
• Industrial license: If the company plans to manufacture products or goods, it may need to obtain a special industrial license.
• Retail License: If the company plans to sell products directly to end customers, it may need a retail license.
• Professional license: If the activity you plan to practice involves a particular profession such as medicine, law, or engineering, you may need a professional license from the relevant authority.
• Consulting Services License: If the company provides consulting services in a particular field, you may need a consulting services license.

To conclude this article, it can be said that establishing a company in Dubai for foreigners represents an exciting and promising opportunity for investment. Dubai has a thriving business environment and flexible legislation that encourages growth and innovation. It is important that foreign investors collaborate with professional consulting firms such as Etqan to ensure their success. Etqan is a strong and reliable partner for foreigners wishing to establish a company in Dubai. The company has extensive experience in local business laws and incorporation and operation procedures. Its specialized team provides comprehensive consulting services that include the preparation of legal documents, licenses, permits and assistance in all aspects of company incorporation. By choosing Etqan, foreigners can benefit from its experience and deep knowledge of the local market. Helps the company avoid legal and administrative obstacles and provides the necessary support to achieve compliance with local regulations and laws.