How to open a company in Dubai – additional approvals include a set of steps, such as choosing the trade name, the nature of the activity, the legal structure of the company, and obtaining initial approval. These steps are followed by obtaining additional approval from the entity concerned with the facility’s activity. In this article, we discuss examples of those entities, in addition to ways to support the government to facilitate… How to open a company in Dubai.
Steps to open a company in Dubai
Here are general steps to open a company in Dubai:
- Determine the type of business activity and the legal form of the company: Before starting the process of opening a company, you must determine the type of business activity you want to practice and the appropriate legal form of the company, whether it is a sole proprietorship, joint stock company, limited liability company, etc.
- Choosing a company name and ensuring its compliance with local laws: You must choose an appropriate name for the company and ensure that it is not duplicated and complies with local laws. You must also ensure that there are no violations of intellectual property rights.
- Prepare the necessary documents: Prepare the documents required to open the company, such as a passport, personal photos, a lease contract if the space is rented, and any other documents required depending on the type of company and commercial activity.
- Submitting a commercial license application: Submit an application for a commercial license to the Department of Economic Development in Dubai. You can do this online or by visiting the official office.
- Pay the fees and wait for approval: After submitting the application, pay the required fees and wait for the commercial license to be approved. This process may take some time depending on the type of company and business activity.
- Receiving the commercial license: Once approved, you will receive the final commercial license that confirms the legality of doing your business in Dubai.
- Registration with other government agencies if necessary: You may need to register with other relevant government agencies if your company’s activity requires this, such as the Department of Labor and Economic Development or the Department of Taxes and Customs.
How to open a company in Dubai
Some activities require obtaining additional license approvals from the entities concerned with the facility’s activity to establish companies in Dubai. We show you examples of these entities:
- Ministry of Foreign Affairs
Through the Ministry of Foreign Affairs, approval is issued for public transportation services, driving schools, fire-fighting equipment, alarm and protection systems, used car sales agencies, used spare parts and car rentals.
- Ministry of Justice
How to open a company in Dubai for legal consultancy: This is done through the Ministry of Justice to approve legal activities and consultations in Dubai to establish that type of company.
- Municipality Department in Dubai
The Municipality Department in Dubai is responsible for issuing approval for engineering and architectural activities.
- Communications and Digital Government Regulatory Authority
How to open a company in Dubai for economic activities requires obtaining approval from the Telecommunications Regulatory Authority.
- executive board
The Dubai Executive Council is responsible for tourism and travel activities, public services, ship and marine agencies, car clubs, air charter and branches of foreign companies.
- The Ministry of Economy
How to open a company in Dubai for insurance and insurance consulting activities requires the approval of the Ministry of Economy.
- Dubai Health Authority
The Dubai Health Authority is responsible for health-related activities.
- Supreme Petroleum Council
The Supreme Petroleum Council is responsible for gas and oil services and well drilling operations.
Conditions for opening a company in Dubai
There are several conditions that must be met to open a company in Dubai. Terms may vary depending on the type of company and business activity, but general terms usually include:
- Money and Financing Requirements: There can be specific financial requirements related to the capital required to establish the company, which can vary depending on the type of business and the form of the company.
- Governmental Licenses: Appropriate government licenses must be obtained for the company’s activity, which are determined according to the type of activity and local laws.
- Commercial location: You must have a suitable commercial location that complies with local requirements to open a company.
- Necessary documents: Required documents must be provided such as passport, personal photos, rental contract (if the site is rented), and other required documents depending on the type of activity and the form of the company.
- Compliance with laws and regulations: You must comply with all local laws and regulations related to the company’s activity and its general management.
- Special business activity conditions: There may be special conditions for some types of business activity related to the experience or qualification required to practice it.
Cost of opening a company in Dubai
The cost of opening a company in Dubai varies based on several factors, including the type of company, the size of the business, and the services required. Here\\\’s an overview of some of the expenses that may be involved in opening a company in Dubai:
- Commercial license fees: Commercial license fees vary depending on the type of company and its commercial activity. These fees may range from several thousand to several thousand UAE dirhams.
- Contract and Permit Fees: In some cases, you may need to submit contracts and permits specific to your business, which may involve additional costs.
- Rental fees and security: If you need a place to operate your business, you will usually need to pay a rental fee for the space in addition to its insurance.
- Consulting and Legal Services Fees: You may need to consult a lawyer or legal advisor to assist in the process of opening a company, and this may involve consulting costs.
- Administrative and assistance services fees: You may need to pay fees for administrative services such as submitting applications, permits, etc.
- Registration and insurance fees: There may be fees for the registration process with the Department of Economic Development in Dubai, in addition to legally required insurances.
- Government Fees and Taxes: Other government fees and taxes that may be involved in the process of opening a business should also be considered.
Documents for opening a company in Dubai
To open a company in Dubai, you will usually need to submit a set of documents and documents to the relevant government agencies. Here is a general list of some of the documents you may need:
- Commercial license application form: The commercial license application form must be filled out completely and accurately.
- A copy of the passport of the owner or general manager of the company: Submit a certified copy of the passport.
- A copy of the lease contract: A copy of the lease contract for the location in which the company will be located must be submitted.
- An image of the location map: Provide an image of the location map of the commercial establishment.
- Business Plan: Some entities may require the submission of a detailed business plan explaining the company’s goals, activities, and future plans.
- A copy of the activity endorsement permit: Some economic licenses may require a permit specific to the type of commercial activity.
- A copy of other permits and licenses: You may need to submit copies of the permits and other licenses required to conduct business activity.
- Financial reports: In some cases, government agencies may request the submission of detailed financial reports about the company.
- Any other documents: You may need to submit any additional documents requested by the relevant government agencies.
Government support to open a company in Dubai
- The government in Dubai supports investors looking for a way to open a company in Dubai by establishing special centers to provide services to emerging, small and medium companies, and providing joint offices for establishing companies in Dubai .
- Facilitating the necessary procedures and steps for opening a company in Dubai , as an application for a commercial license can be submitted through the Dubai Platform website within minutes.
- Allowing full foreign ownership, freedom to dispose of profits and repatriation of capital, in addition to customs exemptions.
- Providing full technical support to company owners and providing the necessary services and facilities for the best way to open a company in Dubai.
