How to establish a company in Dubai is considered an important strategic step for many entrepreneurs and small and medium-sized companies, as this modern economic city provides them with an ideal environment for business and various investment opportunities. Dubai has advanced infrastructure, an effective judicial system, and government policies that encourage investment, making it one of the most attractive destinations for businesses in the region.

If you are thinking of setting up a company in Dubai , you need to be aware of the necessary procedures and requirements. In this article, we will take an overview of how to set up a company in Dubai, including choosing the right type of company, necessary legal procedures, expected costs, and other important aspects to consider.

Steps to establish a company in Dubai

Establishing a company in Dubai requires a number of steps, which are represented in several points, which are as follows:

1. Market Study: Conduct a careful study of the market in Dubai to understand the opportunities and potential challenges in the sector in which you wish to establish your company.
2. Choosing the legal type of company: Decide on the appropriate legal type for your company in Dubai, such as a local company, a company owned in partnership with an Emirati citizen (a local joint company), or a subsidiary of a foreign company.
3. Choosing a company name: Choose a suitable name for your company and ensure it is available and accepted by the Dubai Business Regulatory Authority (Department of Economic Development).
4. Company incorporation at the Business Regulatory Authority: Submit the documents required to establish the company at the Dubai Business Regulatory Authority, such as the company’s articles of association and articles of association.
5. Obtaining the necessary licenses: You may need to obtain additional licenses related to your company’s activity from the relevant authorities in Dubai, such as a building permit, industry permit, or professional services license.
6. Opening a bank account: Open a bank account in the name of the company in one of the recognized banks in Dubai to manage financial matters and commercial transactions.
7. Work Visas: You may need work visas for the foreign employees you intend to employ in the company in Dubai. These procedures are handled by the Immigration Department in Dubai.
8. Renting an office and equipping it: Search for a suitable office for your company in Dubai and rent it, and make sure to equip it with the necessary furniture and equipment to start work.
9. Compliance with legal and tax requirements: Ensure compliance with all legal and tax requirements in Dubai, and consult an accountant or legal advisor for necessary advice.

These are some of the key steps to setting up a company in Dubai. Exact procedures and requirements may vary based on the type of company and current laws and regulations in Dubai. Therefore, it is always advisable to contact the Dubai Business Regulatory Authority or seek the help of an expert consultant from Itqan Company in order to ensure full compliance and success in establishing your company in Dubai.

Costs of setting up a company in Dubai

The costs of setting up a company in Dubai vary based on several factors, such as the type of company, its size, and the sector in which it operates. Here are some key costs to consider:

1. Incorporation fees: Includes fees for establishing the company and registering it with the Dubai Business Regulatory Authority. This fee varies based on the type of company and registered capital.
2. Licensing fees: Specific licenses are required for some business activities in Dubai. The necessary licensing fees must be paid to the relevant authorities, such as the Business Regulatory Authority and other relevant government agencies.
3. Legal and accounting consulting fees: You may need to seek help and communicate with Itqan Company experts to obtain advice and specialized services in the process of establishing the company. The costs of these services vary based on the company’s requirements and size.
4. Rental costs: If you plan to rent an office in Dubai, you will need to pay monthly or annual rental costs, and this depends on the office’s location, size, and equipment.
5. Visa costs: If you intend to employ foreign employees in your company, you will need to bear the costs of their work visas and residency in Dubai.
6. Marketing and advertising costs: You may need to allocate a budget to marketing and advertising your company in Dubai to increase brand awareness and attract customers.
7. Labor and payroll costs: You must take into account the costs of hiring and providing payroll for employees in your company.
   You should keep in mind that these calls are general estimates and actual costs may vary. It is advisable to contact company experts in Dubai to obtain more accurate and specific estimates of the costs of setting up your company based on individual needs and legal requirements.

Procedures for establishing a company in Dubai

Establishing a company in Dubai requires following several procedures and adhering to specific legal requirements. Here is an overview of the basic steps for setting up a company in Dubai:

1. Choosing a company type: You can choose a company type from several types, such as sole proprietorship, limited liability company (LLC), sole proprietorship LLC, public company, or free zone company. Company).
2. Choosing a company name: You must choose a name for the company that complies with local regulations and is not similar to the names of other companies.
3. Determine the business activity: You must determine the business activity that the company will undertake in Dubai.
4. Identifying shareholders and their shares: The identities of the company’s shareholders and the percentages of their shares in the capital must be determined.
5. Preparing the necessary documents: The contracts and documents necessary to establish the company must be prepared and submitted to the competent authorities.
6. Obtaining licenses and permits: The company may need licenses and permits from the relevant government agencies depending on the type of activity.
7. Company Registration: The company must be registered with the relevant government agencies and pay the required fees.
8. Opening a bank account for the company: A bank account must be opened in the name of the company to manage financial matters.
9. Social Security Registration and Taxes: The company must be registered with Social Security and submit the necessary tax declarations.
10. Obtaining a residence visa for employees: If you intend to employ employees, you must obtain residence permits for them.
    These are general steps and the exact requirements may vary depending on the type of company and local laws in Dubai. It is necessary to obtain advice from Itqan Company experts before starting the process of establishing the company.

Documents required to establish a company in Dubai

Establishing a company in Dubai requires a number of documents and procedures. This is a general list, the details of which may vary depending on the type of company, activity, and location in which you wish to establish the company. Here is a list of generally required documents:

1. Application form: A fully completed application form must be submitted, which contains information about the company to be established.
2. Incorporation form: A form containing information about the partners and the type of company (such as sole proprietorship or joint stock company) must be submitted.
3. Authorization form: If there are authorized representatives of the company, an authorization form proving their authority must be submitted.
4. Social contract form: If the company is a limited liability company, a social contract form containing the conditions for establishing the company must be submitted.
5. A copy of the partner/partners’ passport: A copy of the passport of each partner in the company must be submitted.
6. A recent personal photo: A recent personal photo must be submitted for each partner in the company.
7. Proof of Address: Proof of current address must be provided to each partner in the firm.
8. Bank report: A bank report may be requested that proves the financial reliability of the partners.
9. Registration fee: A fee must be paid to register the company.

This is a general list, and you may need additional documentation depending on the nature of the company and local laws. It is always preferable to consult Itqan’s experts to ensure that all legal requirements are met.

Residence and investment in Dubai

Investing and obtaining residency in Dubai is a popular topic for many people. Here is some information about living and investing in Dubai:

• Investment Visa: Foreign investors can obtain an investment visa in Dubai by investing in real estate or establishing a company in Dubai. The investment visa has a long validity period and allows its holder to reside and work in Dubai.
• Free Zones: Dubai provides many free zones that promote foreign investment. Investors can establish their companies in these free zones and benefit from many advantages such as full ownership of the company and no income taxes.
• Real Estate: Dubai’s real estate market is attractive to foreign investors. Individuals can invest in residential or commercial real estate in Dubai, and many projects offer diverse options for investment.
• Strong Economy: Dubai has a strong and diversified economy, encouraging innovation and investment. There are many investment opportunities in different sectors such as real estate, trade, tourism, technology, and financial services.
• Advanced Infrastructure: Dubai has an advanced infrastructure that supports business and community life. The advanced network of transportation, communications and public facilities provides a suitable environment for investment and living.
• Political and security stability: Dubai is considered a politically and security stable environment, which enhances investor confidence and attracts global capital and talent.

However, you should be aware that there are still some laws and regulations that must be adhered to when investing in Dubai and obtaining residency in Dubai. You are advised to consult with a legal advisor or consultant to obtain advice specific to your case and to ensure compliance with all legal requirements and administrative procedures in Dubai.

In conclusion, starting a company in Dubai is an exciting opportunity to invest and achieve success in a thriving and diverse market. In cooperation with Itqan Company, you can benefit from the expertise and specialized services provided by the company to facilitate the process of establishing your company and achieving your goals.

Itqan Company provides comprehensive consulting services that include company establishment, licensing, legal and financial consulting, and administrative and regulatory support. The company also has in-depth knowledge of the local laws and regulations in Dubai, making it easier for you to comply with the legal requirements and move forward with establishing your company with confidence and stability.

The most important frequently asked questions: How to create a company in Dubai