Open a company in Dubai

Opening a company in Dubai requires following specific procedures and cooperating with the competent authorities. First, you must select the appropriate company type, such as a local corporation (LLC), subsidiary, or free enterprise. Then a unique and appropriate name for the company must be provided and registered. After that, you must obtain the necessary licenses and permits to conduct business activity. Internal agreements and contracts must also be established that regulate the relationship between shareholders and define their rights and duties. In addition, visas and accommodation must be arranged for foreign founders and employees. Finally, the company must be registered in the commercial registry and obtain the necessary legal approval.

To simplify the process and ensure success, it is possible to cooperate with specialized companies such as Itqan Company, which provides support and guidance in all legal and administrative aspects. The company provides services that include determining the appropriate type of company, registering the trade name, licensing and permits, arranging visas and residency, and preparing the necessary agreements and contracts. Using Itqan\\\’s experience and knowledge, entrepreneurs can overcome challenges and achieve consistent success in opening their company in Dubai.

How to open a company in Dubai

Setting up a company in Dubai can be an important and exciting step for investors, but it requires good planning and compliance with local laws and regulations:

1. Determine the type of company: Choose the appropriate company type such as a local company, a free company, or a wholly owned foreign company.
2. Choosing a Company Name: The company name must be unique and comply with local company registration regulations.
3. Determining the location and space: Choosing the appropriate location for the company’s headquarters and securing the space necessary for your business.
4. Defining responsibilities and shares: Defining the management structure, distributing responsibilities, and determining capital and distributing shares if necessary.
5. Obtaining licenses and permits: submitting applications for the necessary licenses and permits and paying the required fees.
6. Registration with government agencies: Submitting the necessary documents for registration with the relevant government agencies such as the Department of Economic Development.
7. Opening a bank account: Opening a commercial bank account in one of the company’s local banks.
8. Getting started: After completing all the previous steps, you can start doing your business in Dubai.

Cost of opening a company in Dubai

The cost of opening a company in Dubai varies depending on the type of company and the business activities it undertakes. Generally, costs can include:

1. The cost of a commercial license “The cost of a commercial license in the Dubai Free Zone” (license to practice business).
2. The cost of the company\\\’s location or the office from which you want to do your business (the annual rent for the office or the cost of purchasing a new office).
3. Costs related to office furniture and decoration.
4. The cost of work permits and visas required for employees sponsored under your company name.
5. Open a bank account in the name of the company and deposit the minimum capital required according to your type of business.

The legal form of the company also plays a fundamental role in whether the cost of incorporation increases or decreases. For example, the costs of establishing industrial companies are higher than in commercial and professional companies.

Open a company in Dubai

Legal requirements for opening a company in Dubai

To open a company in Dubai, investors must comply with the necessary legal requirements and procedures. These requirements vary slightly depending on the type of company and business activity. However, here is an overview of some basic legal requirements:

1. Choosing a company type: Investors should choose the company type appropriate to their needs, such as a sole proprietorship, a joint-stock company, or a limited liability company.
2. Choosing a company name: You must choose a unique name for the company and verify its availability and compliance with local laws.
3. Identifying the Business Activity: Investors must identify the proposed business activity and ensure that it complies with government permits.
4. Providing personal documents: Copies of passports and personal photos must be provided for all investors and partners.
5. Signing the legal agreement: The legal agreement or articles of association must be signed and submitted to the competent authorities.
6. Establishment of capital: The registered capital of the company must be determined and paid.
7. Obtaining licenses and permits: The necessary licenses and permits must be obtained from the relevant authorities according to the type of activity.
8. Opening a bank account: The company must open a bank account in a local bank.
9. Submitting an application to the authorities: Investors must submit an official application to obtain the necessary permits and licenses to the local authorities.

Facilities and benefits available when opening a company in Dubai

When opening a successful company in Dubai , the region provides a range of facilities and benefits to encourage business and attract investors. Here are some of the facilities and benefits available:

1. Full foreign ownership: In some areas such as free zones, foreigners can obtain full ownership of their company without the need for a local partner.
2. No corporate income tax: Mostly, corporate income tax is not levied in Dubai, which enhances the economic attractiveness.
3. No capital tax: There is no capital tax imposed in Dubai, which further enhances its attractiveness for investors.
4. Ease of international transfers: The efficient banking system in Dubai provides ease in dealing with international transfers and cross-border financial transactions.
5. Advanced infrastructure: Dubai is characterized by a modern and advanced infrastructure, which contributes to facilitating business operations and providing an optimal environment for companies.
6. Free zones and economic zones: Free zones and economic zones offer additional benefits such as not imposing customs duties and facilitating labor laws.
7. Access to regional and international markets: Dubai\\\’s location in the heart of the Middle East provides effective access to local, regional and global markets.
8. Modern Business Law: The system of law based on English law is one of the facilities that makes it easier to understand and adhere to the legal system.

In conclusion, opening a company in Dubai represents an exciting and promising opportunity for entrepreneurs seeking to succeed and thrive in a dynamic business market. In cooperation with Itqan Company, challenges can be overcome and the process greatly simplified.

Itqan Company provides comprehensive support and advice to entrepreneurs wishing to open a company in Dubai. From determining the appropriate type of company and registering the trade name, to obtaining licenses and permits and preparing legal agreements, the team of experts at Itqan Company ensures that all required steps are carried out in a smooth and efficient manner.

By using Itqan\\\’s services, entrepreneurs can save time, effort and precious resources, allowing them to focus on achieving their vision and growing their company in the dynamic Dubai market. The trust and experience provided by the Itqan team represents a key to success in building a successful and sustainable company.

In short, cooperation with Itqan Company enhances the chances of successfully opening a company in Dubai. Providing support in all aspects of the establishment and operation process, it contributes to simplifying procedures and achieving sustainable success for the company. If you aspire to open a successful company in Dubai , cooperating with Itqan Company will be a wise strategic step to achieve your business goals.

Frequently asked questions about how to open a company in Dubai