Establishing a company in Dubai: Advantages and costs, Opening a company in Dubai is considered a strategic step of great importance in the business world, as Dubai is characterized by an attractive and supportive investment environment for investors from all over the world. Dubai is one of the fastest growing cities in the world, combining a distinguished geographical location, advanced infrastructure, and government policies that encourage investment. Establishing a company in Dubai opens the door to countless business opportunities, both in the local market and on a global level, thanks to the strong trade relations that link Dubai to the rest of the world.

Setting up a company in Dubai gives investors access to many benefits, including tax exemptions and multiple legal facilities that contribute to the success and sustainability of businesses. In addition, Dubai offers many free zones that allow investors to fully own their companies without the need for a local partner, which enhances Dubai’s appeal as an ideal business destination.

Itqan facilitates the process of establishing companies in Dubai, by providing integrated services that include legal and financial consultations, assistance in choosing the appropriate company structure, registration procedures and obtaining the necessary licenses. With its deep experience and extensive knowledge of the UAE market, Itqan helps investors overcome challenges and make the most of the opportunities available in Dubai.

So, establishing a company in Dubai in cooperation with Itqan Company is not just a step towards starting a business, but rather a future investment that guarantees investors a place in the vital and dynamic Dubai market.

Establishing a company in Dubai: advantages and costs

Types of companies that can be established in Dubai

Dubai is one of the world’s leading business and economic hubs, providing an ideal environment for investors and entrepreneurs looking to set up their businesses. Thanks to its strategic location, advanced infrastructure, and supportive government policies, Dubai has become a preferred destination for businesses across a variety of sectors. However, before deciding to set up a business in Dubai, it is important to understand the types of businesses available and the benefits associated with each type. Choosing the right type of business largely depends on the nature of the business and the investor’s goals. In this context, we will review the types of businesses that can be set up in Dubai, highlighting the key characteristics and benefits of each type.

• Limited Liability Company (LLC)

The most popular option for setting up a business in Dubai is a Limited Liability Company (LLC). This type of company has a flexible ownership structure, with foreign investors able to own up to 49% of the company, while a local partner (or local service agent) must own the remaining 51%. LLCs are suitable for businesses targeting the local market in Dubai and other emirates.

• Free Zone Company

Dubai’s free zones are one of the best options for foreign investors, allowing 100% ownership. These areas offer a stimulating business environment with full tax exemptions on income and profits, and easy repatriation of profits. There are several specialized free zones, such as Jebel Ali Free Zone (JAFZA), Dubai South, and Dubai Internet City, that cater to different industries.

• Branch Office

This type of company allows foreign companies to open a branch in Dubai. The branch is an extension of the parent company and can carry out the same business activities permitted by the parent company. This option is ideal for companies that want to expand their business to Dubai while maintaining the same ownership and management structure.

• Sole Proprietorship

An individual investor can establish a one-person company in Dubai, where he is the sole owner and liable for all debts and obligations. This type of company is suitable for small businesses and professionals such as consultants and freelancers.

• General Partnership

This type of company is formed between two or more partners who share the management and responsibilities of the company. General partnerships are usually not open to foreign investors, and are popular among UAE nationals.

• Limited Partnership

A limited partnership differs from a general partnership in that the limited partner is only liable for the company’s obligations to the extent of his capital contribution, while the general partner bears full liability.

• Private Joint Stock Company

This company is established with capital from a limited number of shareholders, and the shares are distributed among them. This type is suitable for large companies that require large capital and plan to expand in the future.

• Public Joint Stock Company

A public joint stock company is an option for companies that want to raise capital through an initial public offering. The company must be registered on the stock exchange and adhere to strict disclosure standards.
Understanding these different types of companies will allow you to choose the right structure for your business goals and help you make informed decisions to achieve success and sustainability in Dubai’s thriving market.

Basic requirements for establishing a company in Dubai

Basic requirements for establishing a company in Dubai

Dubai is one of the world’s leading business and economic hubs, offering an ideal investment environment that is characterized by stability, diversity and flexibility. Establishing a company in Dubai attracts many entrepreneurs and investors thanks to the government facilities and various economic incentives. However, to ensure a smooth and successful establishment process, it is important to understand the basic requirements and procedures required to establish a company in this dynamic city. This guide aims to highlight the main steps and requirements to consider when planning to establish a company in Dubai , helping you start with confidence and a strong infrastructure for your future business. Basic requirements for establishing a company in Dubai :

Specify the type of business:

Determining the type of business activity is the first and most important step, as it affects the type of license required and the procedures followed. Dubai offers a wide range of commercial, industrial and professional activities to choose from.

Choosing the legal form of the company:

• You need to choose the appropriate legal form for your company, such as:
• Limited Liability Company (LLC).
• Free Zone Company.
• Branch of a foreign company.
• Sole proprietorship.
• The choice depends on factors such as business size, number of partners, and type of business.

Choosing a suitable business name:

• A trade name must be chosen that complies with the standards and laws of the Department of Economic Development in Dubai. The name must be unique and reflect the nature of the business, while avoiding the use of prohibited or offensive terms.
• After choosing a name, it is submitted for approval and official registration.

Get initial approval:

• After determining the business activity, legal form and trade name, an application must be submitted to obtain initial approval from the competent authorities.
• This step involves submitting identification documents and filling out specific forms, and may require additional approvals from other regulatory bodies depending on the type of activity.

Preparing the articles of association and legal agreements:

• Establishing a company requires preparing a memorandum of association and other legal agreements, which specify the rights and obligations of the partners and the details of the company’s structure.
• These documents must be notarized and verified to comply with local laws.

Locating a business and obtaining a lease:

• A physical location must be identified to conduct business in Dubai, either within the city or in one of the free zones.
• This requires obtaining a certified lease for the office or commercial facility, which is an essential part of the licensing requirements.

Obtaining special approvals and licenses:

• Some business activities may require additional approvals from specific government agencies, such as the Ministry of Health or the Roads and Transport Authority, depending on the nature of the activity.
• You must ensure that all requirements are met and all necessary permits are obtained before starting operations.

Submitting an application for a commercial license:

• After completing all documents and approvals, an official application for the trade license is submitted to the relevant Department of Economic Development or Free Zone Authority.
• This step includes paying the required fees and waiting for the official license to be issued.

Registering the company with the Chambers of Commerce and relevant authorities:

• After obtaining the license, the company must be registered with the Dubai Chamber of Commerce and Industry and other relevant government agencies.
• This registration allows the company to conduct business legally and benefit from the services and facilities provided.

Opening a bank account for the company:

• The company must open a bank account in one of the approved banks in the Emirates to manage financial operations.
• This requires submission of official company documents and proof of identity for partners or legal representatives.

Recruiting staff and obtaining work visas:

• The company can then start hiring employees and obtaining the necessary work visas and residencies for them, in coordination with the relevant authorities such as the Ministry of Human Resources and Emiratisation and the General Directorate of Residency and Foreigners Affairs.

Compliance with tax and financial requirements:

• The Company must comply with local tax requirements, such as VAT, and submit periodic financial reports in accordance with applicable laws.
• It is advisable to seek the assistance of financial experts to ensure full compliance and proper handling of financial matters.

In conclusion, setting up a company in Dubai requires careful planning and a thorough understanding of the legal requirements and procedures. Working with trusted advisors like Itqan, we can facilitate this process and ensure that your company is established on a solid foundation that will ensure your success and prosperity in Dubai’s thriving business environment.

Our company’s role in establishing a company in Dubai

In conclusion, setting up a company in Dubai is a strategically important step for anyone seeking to achieve success and excellence in the business world. Dubai, with its thriving economic environment and unique geographical location, is an ideal destination for investors and entrepreneurs from all over the world. The many facilities provided by the government, including tax exemptions and easy access to global markets, make Dubai an attractive option for those looking to establish their companies and achieve sustainable growth.

Partnering with Itqan in your Dubai company formation process gives you an unparalleled competitive advantage. With the company’s extensive experience in the UAE market and in-depth knowledge of legal and regulatory procedures, Itqan ensures a smooth and hassle-free experience. From choosing the right legal structure for your company, to obtaining the necessary licenses, and providing financial and legal advice, Itqan provides comprehensive support to help you avoid obstacles and achieve your goals quickly and efficiently.

Setting up a company in Dubai is not only about taking advantage of the favorable economic environment, it is also an investment in the future of your business. Dubai’s dynamic and diverse market, coupled with its advanced infrastructure, offers tremendous opportunities for growth and expansion. By setting up your company here, you are at the heart of one of the most vibrant and innovative cities in the world, opening up vast prospects for success both locally and internationally.

Therefore, if you are thinking of establishing a company in Dubai, choosing to cooperate with Itqan Company will be a wise decision and an investment in a successful future. With comprehensive support and extensive experience, you will be able to transform your vision into a tangible reality, and achieve your ambitions in one of the most prosperous business environments in the world.

Frequently Asked Questions About Starting a Company in Dubai