Establishing companies in Dubai in 3 steps Establishing companies in Dubai is a strategic and very important step for investors and businessmen who want to benefit from the dynamic and encouraging business environment that this global city provides. Dubai is considered one of the most prominent economic and commercial centers in the world, characterized by advanced infrastructure, encouraging government regulations, and innovative technologies. Thanks to this ideal environment, Dubai is witnessing an increasing demand for entrepreneurs who want to establish their companies and achieve financial success and sustainable prosperity. In this article, we will go over company formation in Dubai in three main steps.

The first essential step in establishing companies in Dubai is to determine the appropriate type of company for your business. Investors can choose between several types of companies such as a local company (sole proprietorship or joint-stock limited company), a free company (free city or free zone), or a foreign branch. Investors should study and analyze each type of company and choose the type that suits their business activity and goals.

After determining the type of company, it is the turn to prepare the necessary documents and submit applications to the competent authorities. Documents required usually include a copy of the passport of shareholders and directors, a company registration application form, articles of incorporation of the company, and a letter of authority if there are legal agents. Investors must commit to submitting all required documents correctly and on time to ensure that registration procedures are completed quickly and easily.

After reviewing and verifying the documents, the necessary licenses are granted to the company. Investors must pay the required fees and receive business licenses and other licenses such as business licenses and residence visas if required. After that, the company can start the business and take advantage of the business opportunities and advantages available in Dubai.

In short, establishing companies in Dubai requires an organized process and careful follow-up of the required procedures and documents. By following the three steps mentioned, investors can benefit from the encouraging business environment in Dubai and achieve success and prosperity in their business ventures.

Basic steps to establish a company in Dubai

The basic steps for establishing a company in Dubai include several procedures that must be followed carefully to ensure the success of the establishment process. Here are the basic steps for establishing a company in Dubai :

1. Determine the type of company: First, you must determine the type of company you wish to establish, whether it is a sole proprietorship (commercial enterprise), a limited liability company, a joint-stock company, or a branch of a foreign company.
2. Choosing and confirming a company name: You must choose a suitable name for your company and ensure that it is available and accepted by the relevant government authorities in Dubai. The name must be compatible with the regulations and laws regarding company naming in the UAE.
3. Identify shareholders and directors: Identify the shareholders and directors who will run the company and their equity stakes.
4. Preparing the necessary documents: Prepare the documents required to establish the company, including the articles of incorporation, the company registration application form, a copy of the passport for shareholders and directors, a letter of authorization if there are legal agents, and other documents depending on the type of company.
5. Submitting the application to the relevant authorities: After preparing the documents, submit the company registration application and the required documents to the Department of Economic Development in Dubai or other competent government authorities.
6. Paying fees and receiving licenses: After reviewing the application and documents, the next step will require paying the required fees and receiving the necessary licenses such as the work license, trade license in Dubai,   and other licenses depending on the company’s activity.
7. Residence and Work Visas: If required, apply for residence and work visas for employees who will be working in the company.
8. Starting a business: After completing all the steps and receiving the licenses, you can start the business and take advantage of the business opportunities and advantages available in Dubai.

In short, establishing companies in Dubai requires following specific steps and dealing with the relevant authorities accurately and in a timely manner. It is important to use specialized local advisors to ensure that the procedures are completed successfully and smoothly.

The expected time period for establishing the company in Dubai

The expected time period for establishing a company in Dubai depends on several factors, including the type of company, the efficiency of implementing procedures, the completion of required documents, and addressing any legal or administrative inquiries that may arise. However, a general estimate of the duration can be provided based on past experience and standard procedures.

1. Determine the type of company and business activity: This step depends on determining the type of company you want to establish, and this process can take from two weeks to a month.
2. Preparing documents and submitting applications: After determining the company and activity, the required documents are prepared and applications are submitted to the relevant authorities, and this step can take from two weeks to a month.
3. Application review and final approval: After submitting the documents, the application is reviewed, the necessary checks are performed, and then final approval is issued. This step can take from two weeks to a month.
4. Paying fees and receiving licenses: After final approval, the required fees are paid and final licenses are received to establish the company and start business. This step can take from two weeks to a month.

In general, the company incorporation process in Dubai can take approximately two to three months, depending on the speed of completion of documents, the response of relevant authorities, and the handling of any issues or queries that arise during the process. It is always best to consult an Itqan company in Dubai to obtain accurate information about the expected time period based on the individual case

Expected fees for establishing a company in Dubai

Expected fees for setting up a company in Dubai vary based on several factors, including the type of company and additional services the company may need. It is important to be aware of the approximate fees for the incorporation process for good budget planning. Here’s an overview of the expected fees for setting up a company in Dubai:

1. Initial registration fees: These fees vary according to the type of company and the size of the capital required to establish the company. This fee is paid when submitting the application to register the company.
2. Government licenses and licensing fees: These fees include main license fees, sublicense fees if there are any, and government fees related to establishment and operation.
3. Legal and Accounting Consulting Fees: If you use the services of an outside legal or accounting advisor to assist you in the incorporation process, you will be charged a consulting fee for those services.
4. Contract and Legal Document Fees: You may need to pay additional fees to prepare contracts and legal documents necessary to establish the company.
5. Tax registration fees: If you plan to register the company for value-added tax (VAT) or other taxes, you may need to pay a tax registration fee.

Please note that actual fees can change based on the details of each company and the services you require. It is always best to inquire with Itqan to get an accurate estimate of expected fees based on your company’s individual situation and specific requirements.

Our service in establishing companies in Dubai

Itqan Company provides a range of services specialized in establishing companies in Dubai, which facilitates the establishment process for clients and ensures compliance with government standards and regulations. Here are some of the services provided by Itqan Company in establishing companies in Dubai:

1. Incorporation Consultations: Itqan experts provide comprehensive consultations on the process of establishing companies in Dubai, including choosing the appropriate company type, financial planning, and legal procedures.
2. Providing documents and assistance in procedures: Itqan Company provides services for preparing the necessary documents for establishing the company, and providing assistance in all necessary administrative and legal procedures.
3. Company registration and licenses: Itqan Company undertakes the process of registering the company with the relevant authorities in Dubai, and obtaining the necessary licenses to start the business.
4. Assistance in obtaining visas: Itqan Company provides assistance in obtaining residence and work visas for employees and managers who will work in the company.
5. Financial and accounting services: Itqan provides integrated accounting and financial services to help startups manage their accounts and comply with taxes.
6. Assistance in searching for strategic locations: Itqan Company provides assistance in searching for strategic locations for company branches or main offices in Dubai.

In short, Itqan’s company incorporation services in Dubai are comprehensive and specialized, helping clients establish their companies efficiently and effectively and comply with government laws and regulations.

At the conclusion of our article on establishing companies in Dubai in 3 steps, we find that the simplified procedures and encouraging investment environment make Dubai an ideal destination for entrepreneurship. By selecting the type of company, submitting the required documents, and obtaining licenses, investors can easily start their projects and achieve success in Dubai’s diverse market. Thanks to the distinguished services provided by specialized companies, an entrepreneur can overcome challenges and achieve growth and sustainability in the thriving UAE market.

Frequently asked questions about establishing companies in Dubai in 3 steps