Dubai is one of the most prominent business investment destinations in the world, providing an encouraging environment and tremendous opportunities for establishing companies in Dubai. In this context, Itqan is a strategic partner for investors who want to establish their companies in Dubai. Itqan Company offers extensive experience in the field of establishing companies and providing integrated services that include company registration, obtaining licenses, and managing legal and financial operations. The company works to provide the professional advice and guidance necessary for investors to successfully achieve their business goals. Itqan ensures compliance with local laws and regulations, helps reduce costs and enhance efficiency in the process of establishing companies in Dubai . In cooperation with Itqan, investors can benefit from the opportunities for success in Dubai\\\’s dynamic business market.

How to establish companies in Dubai

Setting up a company in Dubai involves several steps, here is an overview of how to do it:

1. Determine the type of company: Before starting the incorporation process, you must determine the type of company appropriate for your business, whether it is a sole proprietorship, a limited liability company, a one-person company, or a public company.
2. Choosing a company name: You must choose a unique and appropriate name for the company, ensure that it has not already been used by another company, and must be in line with local laws and regulations.
3. Determine the business activity: You must define the proposed company activity and ensure that it is compatible with the commercial activities permitted in Dubai.
4. Renting an office or headquarters for the company: The company must provide a valid and suitable business address to be used as the company’s headquarters in Dubai.
5. Determining financial capital: Establishing a company requires determining the required financial capital and providing evidence of its source.
6. Submitting the official application: The official application for company registration and incorporation must be submitted to the competent authority, and the required fees must be paid.
7. Obtaining licenses and permits: A company may need to obtain specific licenses and permits depending on its business activity, such as a business permit, building permit, and others.
8. Opening a bank account: A bank account must be opened for the company in one of the approved banks in Dubai, and the required financial capital must be deposited.
9. Hiring employees (if necessary): The company may need to hire employees to help it perform its functions and achieve its goals.
10. Compliance with local taxes and regulations: The company must comply with local taxes and regulations in Dubai and file financial reports and tax returns regularly.

Documents required to establish a company in Dubai

Establishing a company in Dubai requires submitting a set of necessary documents. Here is a list of the main documents required:

• Memorandum of Association and Articles of Association: This contract defines the objectives and activities of the company, as well as the rules and regulations that manage and govern the company’s work.
• Application Form for Incorporation: This form contains company information such as its name, address, and proposed business activity.
• Personal Information of Shareholders and Directors: A copy of the passports of shareholders and directors is provided, in addition to personal photographs.
• No Objection Certificate: In some cases, the relevant authorities may require a certificate of approval to establish the company.
• Specimen Signatures Form: This form includes the signatures of authorized shareholders and directors for use in banking operations and official dealings.
• Certificate of Incorporation: This document is issued by the relevant authority after all procedures are completed and the company is officially registered.
• Proof of Capital: Documents must be provided indicating the source of the financial capital required to establish the company.
• Financial Reports: In some cases, the competent authorities may request financial reports that show the financial status of the company.
• Board Resolution Form: If there is a board of directors, a form for appointing directors must be submitted and authorizing them to manage the affairs of the company.
• Lease Agreements or Ownership Documents : If the company owns its own headquarters or rents space, the appropriate lease agreements or ownership documents must be submitted.

Permits that companies may need in Dubai

The permits that companies may need in Dubai vary based on the type of business activity and industry in which the company operates. However, here is a list of some common permits that businesses in Dubai may need:

• Commercial Activity Permit: This permit allows the company to practice the commercial activities specified in the articles of association and the commercial permit.
• Construction Permit: If the company is working in the field of construction or real estate development, it will be necessary to obtain a building permit from the relevant authorities.
• Operating Permit: This permit allows the company to begin commercial operations after completing all necessary procedures and verifying compliance with specified standards.
• Manufacturing Permit: If a company is engaged in manufacturing, it will have to obtain a special permit that allows it to manufacture products.
• Tourism and Travel Permit: For companies operating in the tourism and travel sector, a special permit may be required from the Dubai Tourism and Commerce Marketing Authority.
• Food and Beverage Permit: For companies operating in the field of food services and restaurants, a special permit must be obtained from the competent authorities.
• Environmental Permit: For companies that may affect the environment in some way, you may need to obtain an environmental permit from the relevant authorities.
• Health and Safety Permit: It can be necessary to obtain a permit proving compliance with occupational health and safety standards in some industries.

Advantages of establishing companies in Dubai

Types of companies that can be established in Dubai

Several types of companies can be established in Dubai, and these types vary according to the needs of investors and the type of business activity. Among the main types of companies that can be established in Dubai are:

1. Sole proprietorship (sole trader): The business owner establishes this type of company on his own, and bears personal responsibility for all debts and obligations of the company.
2. Limited Liability Company (LLC): This is a popular business form in Dubai, where shareholders enjoy limited liability limited to the size of their capital contribution.
3. Public Company (Joint Stock Company): It allows the public company to raise capital from shareholders through the sale of shares, and there is a board of directors that manages the company’s affairs.
4. Free Zone Company: Free zones in Dubai allow the establishment of companies in different styles, with benefits such as full foreign ownership and customs facilities.
5. Regional or international company: Regional or international companies are allowed to do business in Dubai under certain licenses that allow them to deal with the local or global market.

Important tips for successfully establishing companies in Dubai

Here are some important tips for successfully establishing a company in Dubai :

• Market study and good research: Before starting to establish the company, you must conduct a comprehensive study of the local market and identify potential opportunities and challenges.
• Setting a clear goal and vision: A specific goal and vision must be set for the company and the plans and strategies necessary to achieve them must be determined.
• Compliance with local laws and regulations: It is essential to ensure that all business procedures and activities are in compliance with local laws and regulations in Dubai.
• Communicate with legal and financial advisors: It is recommended to cooperate with local legal and accounting advisors to obtain the necessary advice and ensure compliance with laws and regulations.
• Choosing the right partnership: If partnering with local partners, they must be chosen carefully and ensure there is a clear alignment between goals and aspirations.
• Benefiting from free zones: Companies can benefit from the tax benefits and government facilities available in free zones in Dubai.
• Invest in marketing and digital presence: It is important to invest in digital marketing strategies and build a strong online presence to attract more customers and promote the company.
• Building strong relationships: The company must build strong relationships with customers, business partners and suppliers to enhance trust and cooperation in the market.
• Continuous innovation and development: The company must be prepared to innovate and continuously develop its products and services to meet customer needs and adapt to changes in the market.
• Continuing to learn and develop skills: The company and its employees should continue to develop their skills and continuously learn to keep pace with developments in the industry and achieve sustainable success.

In conclusion, establishing a company in Dubai with Itqan Company represents an exciting opportunity to benefit from the leading economic environment and sustainable development. Thanks to Itqan\\\’s experience and specialized services, investors can achieve successful establishment of their company in Dubai efficiently and confidently. The company provides professional support and advice in all aspects of incorporation, from registration procedures and obtaining licenses, through to legal and financial management. In addition, the company provides innovative financial consulting and budget planning for financial success and sustainable development. By trusting in Itqan, investors can take advantage of the opportunities available in Dubai\\\’s thriving business market and successfully achieve their goals.

The most important frequently asked questions about establishing companies in Dubai