If you are considering establishing a company in Dubai as a foreign investor, Dubai is an ideal destination for successful business and investments. Dubai is characterized by a developed business environment and a flexible investment climate, making it one of the best options for entrepreneurship and the development of innovative ideas. In this article, we will review together the ways to establish a company in Dubai for foreigners , without going into technical details. We will go over the general and important aspects to consider when starting this process, enabling you to gain a comprehensive understanding of the steps needed to successfully establish your company.

We will talk about the great benefits that the Dubai Business Market provides, such as advanced infrastructure, flexible laws that support foreign investments, in addition to easy access to regional and global markets. We will also take a look at the services and support available to foreign investors in Dubai, which contributes to making establishing a company an easy and successful experience.

Furthermore, we will go over some general tips on how to choose the right type of company, and how to direct your practical strategy, in line with the business and financial goals you pursue.

We are working with Itqan Company to provide you with accurate and comprehensive information on how to start establishing your company in Dubai as a foreign investor, and we will ensure that this article will be useful to you in your next steps.

Establishing a company in Dubai for foreigners

Establishing a company in Dubai for foreigners requires following several steps. Here\\\’s an overview of how to set up a company in Dubai for foreigners:

1. Choosing the type of company: First of all, you must determine the type of company you want to establish, whether it is an individual company, a partnership, or a joint-stock company.
2. Determine the economic activity: You must determine your main economic activity, which the company will practice.
3. Choosing a company name: You must choose a suitable name for the company, ensure its availability, and ensure that it does not conflict with registered trademarks.
4. Identify partners and shareholders: If the company is a partnership, you must identify the partners and determine each partner\\\’s ownership percentage.
5. Submitting the application and documents: You must submit the application to establish the company to the relevant authorities in Dubai, and submit the required documents, such as passports, personal photos, and project details.
6. Obtaining licenses and approvals: After submitting the application and documents, you will have to wait for final approval from the relevant government agencies.
7. Establishing a bank account: After obtaining the necessary approvals, a bank account must be opened for the company in a local bank.
8. Securing the office and space: You must rent and secure the office or space needed for the company’s headquarters.
9. Tax registration: You must register with the Federal Tax Authority to obtain the company’s tax number.
10. Starting work: After completing all the previous steps, you can officially start doing the company\\\’s business in Dubai.

Establishing a company in Dubai for foreigners requires compliance with local procedures and regulations, and may require obtaining local legal advice to ensure full and proper compliance with local laws and legislation.

Ways to establish a company in Dubai for foreigners

There are several ways foreigners can follow to establish a company in Dubai , and the choice varies based on the type of company and individual needs. Here are some common ways to set up a company in Dubai for foreigners:

• Establishment in a free zone:

1. Choosing a free zone: Foreigners can establish their company in one of Dubai\\\’s free zones such as the Dubai Free Zone, which provides benefits such as foreign direct investment and tax exemptions.
2. Obtaining a license: You must obtain a license from the selected free zone, and provide the required documents and information.
3. Compliance with conditions: You must adhere to the conditions and laws that regulate the work of companies in the free zone.

• Establishment as a local partnership company:

1. Local partnership: Foreigners can establish a local company in partnership with an Emirati citizen at a certain percentage in accordance with local laws.
2. Compliance with laws: You must adhere to the laws and regulations related to the establishment and management of companies in Dubai.

• Establishment as a sole proprietorship:

1. Individual license: Foreigners can establish an individual company in Dubai by submitting a license application and the required documents.
2. Compliance with conditions: You must adhere to the conditions and regulations that regulate the work of individual companies in Dubai.
3. Establishment as a joint stock company:
4. Incorporation processes: Foreigners can establish a joint stock company in Dubai by following the incorporation procedures and submitting the required documents and information.
5. Compliance with regulations: You must adhere to the regulations and laws related to joint stock companies in Dubai.

There are also other ways to establish companies in Dubai, and it is recommended to consult with Itqan company consultants who specialize in corporate laws in Dubai to obtain precise guidance and guidance on the options available and the procedures necessary to successfully establish the company.

The cost of establishing a company in Dubai for foreigners

The cost of setting up a company in Dubai for foreigners varies greatly based on several factors, including the type of company, business size, and legal and administrative costs. Here is a general estimate of the costs that may be associated with setting up a company in Dubai:

• Company registration fees: Company registration fees vary according to the type of company and the size of capital.
• Legal and accounting advice costs: You may need legal and accounting advice to help you with the company formation process, and this can cost you an additional amount.
• License and Permit Fees: Some companies may require additional licenses and permits, which may require additional fees.
• Contract and agreement costs: You may need to prepare contracts and agreements with partners, clients, or employees, and this may include the costs of preparing contracts by a specialized lawyer.
• Insurance and rental costs: Establishing a company may require securing an office and work space, and rental costs vary based on the location, size of the space, and available facilities.
• Administrative and operational services costs: These include administrative and operational services such as wages and salaries for employees, Internet and telephone costs, travel and accommodation expenses, and advertising.
• Tax registration costs: The tax registration process may involve paying a tax registration fee.

Documents to establish a company in Dubai for foreigners

To establish a company in Dubai for foreigners, the required documents are usually as follows:

1. Registration Application Form: The required registration application form must be completed by the responsible authority in Dubai, such as the Department of Economic Development or the General Authority for Enterprise and Free Zones.
2. Copy of Passport: A copy of the passport must be provided to foreign shareholders and directors. The passport must be valid.
3. Company Contract: A company contract must be prepared and signed, which is a document that defines the company structure and the rights and duties of shareholders and partners.
4. Certificate of financial value: A certificate of the value of the financial contribution must be submitted to each foreign shareholder, which shows the financial amount provided by the shareholder as part of the registered capital of the company.
5. Authorization: They may need to provide an authorization document stating that a specific person is appointed as the legal representative of the company.
6. National address for the company: A national address must be provided for the company in Dubai, which could be the address of the office or the main headquarters.

Establishing a company in Dubai

Advantages of establishing a company in Dubai for foreigners

Establishing a company in Dubai for foreigners comes with many advantages and benefits that make it a preferred destination for international business and investments. Here are some key advantages:

1. Stable economic environment: Dubai is characterized by a stable and reliable economic environment, which provides a favorable environment for international business and investments.
2. Flexible and innovative laws: Dubai\\\’s laws and regulations regarding business and investment are flexible and innovative, facilitating the process of establishing and managing companies efficiently.
3. Strategic location: Dubai is strategically located between east and west, making it an important center for trade and business in the region.
4. Government Facilities: The Dubai government provides many facilities to foreign investors, such as tax, customs and financial facilities.
5. Rapid Economic Growth: Dubai\\\’s economy is growing rapidly, providing great opportunities for expansion and growth for new businesses.
6. Cultural and linguistic diversity: Dubai has a diverse community of nationalities and cultures, providing a multicultural environment with diverse ideas and opportunities.
7. Facilities in accessing regional and global markets: Thanks to its strategic location, Dubai provides facilities to access regional and global markets easily.
8. Technological development: Dubai invests heavily in technological development, providing endless opportunities for companies in areas such as technology and innovation.

Permits required to establish a company in Dubai

Establishment companies in Dubai require numerous permits and licenses to ensure legal compliance and local requirements. Here are some common permits that may be required:

• Work Permit: Every foreign employee of the company needs a valid work permit to reside in Dubai and work in the company.
• Company License: A license must be obtained from the local authorities in Dubai to establish and operate a company.
• Office Permits: If a company needs an office or work space, there may be office permits specific to the chosen location.
• Safety Permit: Operating some types of businesses can require permits related to occupational safety and health.
• Advertising Permit: If the company plans to advertise its services or products, it may need an advertising permit from local authorities.
• Food Permit: If the company provides food services or products, there may be special food safety permits.
• Construction Permits: In the case of companies that deal in the field of construction or real estate development, you may need special building permits.

Establishing a company in Dubai for foreigners is a very strategic and exciting step in the international business world. Dubai provides an ideal environment for investment and growth, with clear and flexible legislation that helps attract investors of different nationalities. Itqan is a strong partner in this field, providing the experience and support needed to create a successful company in Dubai.

When it comes to concluding this journey, foreign investors must understand the importance of choosing the right company and submitting all the required documents and information to the local authorities. This administrative and legal work includes confirming compliance with all local and international standards, and ensuring that the company adheres to financial and tax controls.

After completing the incorporation procedures, the company remains to focus on growing its business and building its reputation in the market. Dubai can be a gateway to access new markets, and foreign companies can benefit from advanced infrastructure and efficient business organization.

Ultimately, foreign companies must have a clear and strategic vision for success in Dubai, in cooperation with Itqan and other specialized local companies, to achieve long-term growth and sustainability.

The most frequently asked questions about establishing a company in Dubai for foreigners