Dubai is considered one of the most important economic and commercial centers in the world, providing great opportunities for individuals and foreign companies to establish their businesses easily and conveniently. Through the procedure of establishing a company in Dubai without a sponsor, foreign investors can access a thriving market and benefit from the facilities and incentives offered.

Setting up a company in Dubai for foreigners involves several important steps that require careful planning and knowledge of local laws and regulations. The foreign investor must have a good understanding of the steps and requirements required to successfully embark on this project.

Through this article, we will generally discuss the basic elements of establishing a company in Dubai for foreigners without a sponsor, without detailing the individual steps. We will highlight the key aspects that a foreign investor should pay special attention to, paving the way to start the process confidently and effectively. Follow us to learn more about how to establish your company in Dubai as a foreign investor without a sponsor and with simplified and concise steps.

Establishing a company in Dubai for foreigners without a sponsor

Establishing a company in Dubai for foreigners without a sponsor is considered an important and exciting investment step, as Dubai provides an ideal working environment for startups and foreign investors. Some free zones in Dubai, such as Jebel Ali and Dubailand, offer foreigners the opportunity to establish their companies with 100% ownership without the need for a local sponsor. These companies are characterized by independence in making decisions and operating the business, which enhances business flexibility and speed of decision-making. Thanks to the advanced infrastructure and significant government support, startups in Dubai can achieve great success and expand their business to global markets. Establishing a company in Dubai for foreigners without a sponsor is a great opportunity to benefit from the cultural and economic diversity that Dubai offers, and access one of the most diverse and dynamic markets in the world.

Establishing a company in Dubai for foreigners without a sponsor requires following specific legal and administrative procedures, such as submitting the necessary documents and paying the required fees. Foreign investors wishing to establish a company in Dubai should seek out a local legal advisor who specializes in this field to guide them through the process and ensure compliance with all local laws and regulations. Investors must also have good knowledge of the local market and local conditions for establishing companies, including tax requirements and labor and commercial laws. Establishing a company in Dubai for foreigners without a sponsor requires good planning and extensive study of the market, but thanks to the distinguished investment environment in Dubai, startups can achieve great success and gain a prominent position in the market.

Steps to establish a company in Dubai for foreigners without a sponsor

Establishing a company in Dubai for foreigners without a sponsor requires following precise procedures and adhering to local laws and legislation. Dubai is considered an excellent investment destination for businesses due to its advanced infrastructure and encouraging economic environment. Here are the steps for establishing a company in Dubai for foreigners without a sponsor:

1. Choosing a company type: Determine the appropriate company type for your business, such as a limited liability company (LLC), sole proprietorship, or group company, according to your needs and investment strategy.
2. Company name registration: Choose a unique company name and register it with the Department of Economic Development (DED) in Dubai, and ensure it complies with local regulations and legislation.
3. Identification of shareholders and equity shares: Determine the identity of foreign shareholders and determine the equity shares of each of them in accordance with local laws.
4. Preparing the incorporation contracts and necessary documents: Prepare the company’s incorporation contracts and necessary documents such as shareholder certificates and administrative structure documents.
5. Providing a company office: Choose a location for the company office and ensure a specific address is provided in line with Dubai Commercial Registry requirements.
6. Obtaining a commercial license: Submit an application for a commercial license from the Department of Economic Development (DED) in Dubai, and submit the documents required for the license.
7. Industrial permit (if necessary): In the case of some commercial activities, you may require obtaining an industrial permit from the relevant authorities.
8. Pay fees and costs: Pay the fees required to register and establish the company and obtain the necessary licenses.
9. Work and residence permit for foreign employees: If you intend to employ foreign employees, you must obtain work and residence permits for them.
10. Opening a bank account: Open a local bank account in Dubai to manage the company’s financial operations.

It is always advisable to check the exact requirements and legal guidelines from reliable sources before starting the company formation process.

Advantages of establishing a company in Dubai for foreigners

Establishing a company in Dubai for foreigners without a sponsor provides many advantages and benefits, including:

• 100% Foreign Ownership: Some free zones in Dubai, such as Jebel Ali and Dubailand, give you the opportunity to own your company 100% without the need for a national partner.
• Ease of procedures: The simplified and quick procedures in some free zones in Dubai allow establishing a company quickly and very easily, saving time and effort.
• Access to regional and global markets: Dubai is located in a strategic location that facilitates access to many regional and global markets, which enhances the company’s growth opportunities and expansion of its work.
• Advanced infrastructure: Dubai has advanced infrastructure and modern facilities that facilitate companies’ work and success.
• Economic and political stability: Dubai is considered a stable investment environment, which increases the attractiveness of establishing companies there.
• Cultural and linguistic diversity: The cultural and linguistic diversity in Dubai provides unlimited opportunities to expand the network of business relationships and deal with a large number of different nationalities.
• Government support: The Dubai government provides great support to startups and foreign investors, by providing many incentives and facilities.

If you are considering establishing a company in Dubai without a sponsor, these advantages may be an additional motivation to make this decision.

The cost of establishing a company in Dubai for foreigners

The cost of establishing a company in Dubai for foreigners without a sponsor depends on several factors, including the type of company and the region you choose to establish the company in. Here is a general estimate of the cost:

• Consulting Services Costs: If you hire a consulting firm to help set up your company, there will be an additional cost that depends on the services provided.
• Accommodation and visa costs: If you need a residence visa to run your company, there will be additional costs for this service.
• Rental costs: You may need an office for your company, and there will be a rental cost.
• Necessary service fees: such as logistics, accounting, insurance, etc., there may be additional costs.

These are general estimates and actual costs may vary depending on individual circumstances and company requirements. Therefore, it is best to consult professionals in the field of company formation in Dubai such as Itqan Company to get an accurate estimate of the expected costs.

Conditions for establishing a company in Dubai for foreigners

To establish a company in Dubai for foreigners, the conditions vary slightly depending on the type of company and the region in which you wish to establish the company. However, here are some general conditions that are usually required:

• Percentage of ownership: In some free zones in Dubai, foreigners are allowed to own their companies 100% without the need for a local sponsor.
• Licenses and Permits: You may need to obtain specific licenses and permits depending on the company’s activity and region of incorporation.
• Required Capital: There may be minimum capital requirements required to establish a company, and this varies depending on the type of company and activity.
• Required Documents: The incorporation process usually requires the submission of personal documents for shareholders and directors and documents related to the company.
• National Office: You may need to provide a lease for an office that becomes the company’s national office.
• Visa and Residence: If you want to reside in Dubai to run your company, you will need an appropriate residence visa.
• Tax Compliance: Businesses must comply with local and regional tax laws.
• Health Insurance: Companies must provide health insurance to employees and managers.

These conditions may differ slightly between the free zone and other areas in Dubai, so it is preferable to consult the experts of Itqan Company to obtain accurate information about the conditions required to establish your company in Dubai.

Free zones in Dubai

Dubai is considered one of the most prominent economic centers in the world, and includes a large number of free zones that provide an ideal environment for business and investment. These areas have many advantages, including allowing foreigners to establish their companies with 100% ownership without the need for a local sponsor, and providing modern infrastructure and advanced facilities, which make them attractive locations for investment.

Dubai’s free zones include a variety of industries and economic sectors, such as technology, media, logistics, and trade, providing diverse opportunities for startups and medium-sized companies to grow and expand. These regions are ideal for companies looking for a dynamic and flexible business environment, and give them the opportunity to access regional and global markets easily.

There are several free zones in Dubai that allow foreigners to establish their companies with 100% ownership without the need for a local sponsor. Some of these zones include:

• Jebel Ali Free Zone – JAFZA: It is considered one of the largest free zones in the Emirates, and provides an ideal environment for business and includes many sectors such as manufacturing, logistics, and logistics services.
• Dubai Land: Provides business opportunities in a variety of industries such as technology, retail and entertainment.
• Dubai Technology and Media : Focuses on companies in the technology and media sectors such as IT, media and design.
• Dubai Media City: Specialized in companies operating in the media and communications industry.
• Dubai International City: Provides business opportunities in the commercial, retail and service sectors.

These are some of the free zones in Dubai that allow foreigners to establish their companies with 100% ownership, and provide advanced infrastructure and competitive advantages that make them an ideal choice for business.

Itqan Company services in establishing companies in Dubai

Itqan Company is one of the consulting companies that works in the field of establishing companies in Dubai and providing services related to establishing companies and business development. Itqan Company provides a range of services to investors who wish to establish their companies in Dubai, and these services include, but are not limited to:

• Company establishment consulting: Providing advice and guidance to investors on the type of company suitable for their needs and requirements.
• Company Licensing: Assistance in procedures for obtaining the necessary licenses to establish and operate companies in Dubai.
• Establishing new companies: Providing support and assistance in all steps of establishing a new company, including preparing the necessary documents and submitting them to government agencies.
• Accounting and Accounting Management: Providing accounting and account management services to emerging and medium-sized companies.

In conclusion, it can be said that establishing a company in Dubai for foreigners without a sponsor represents a challenge that requires precise knowledge of the required procedures and conditions. By using the services of Itqan Company, foreign investors can benefit from experience and support in this field. Certainly, foreign investors must be aware of the legal and financial details of setting up a company in Dubai, and ensure they comply with the necessary controls and requirements. Partnerships with specialized local companies such as Itqan are a necessary step to ensure the success of the establishment and operation process in the local business environment in Dubai, and thus, achieving investment goals and sustainable growth in the market.

Frequently asked questions about establishing a company in Dubai for foreigners