Steps and papers required to establish a company in Dubai

Establishing a company in Dubai is a strategic move targeting investors who want to exploit the economic opportunities available in this vital emirate of the United Arab Emirates. Dubai provides advanced infrastructure and a favorable investment environment that attracts businessmen from all over the world. Through this article, we will take a look at the steps and papers required to establish a company in Dubai.

Dubai is one of the world’s leading destinations for establishing businesses. Dubai provides advanced infrastructure, appropriate investment policies, and easy legislative procedures that make it an ideal destination for those wishing to build their businesses. Investors in Dubai enjoy many diverse opportunities, whether they are from the country itself or from outside it, to establish and operate companies in various sectors.

Company formation procedures in Dubai are relatively simple, with multiple options such as free zone companies or national companies, allowing investors to choose the structure that best suits their business needs and business strategies. Dubai is also distinguished by modern and transparent legislation that protects the rights of investors and promotes the growth of the local economy.

Steps and papers required to establish a company in Dubai

Establishing a company in Dubai

Establishing a company in Dubai represents a strategic investment step due to the advanced and sophisticated business environment that the city provides. Dubai is considered one of the most prominent economic centers in the world, as it combines advanced infrastructure, legislative policies open to investment, and lucrative tax facilities.

Establishing a company in Dubai requires several important steps, starting with choosing the appropriate company type, such as a limited liability company or sole proprietorship, and determining the appropriate business activity for the local or regional market. Next, the required legal and financial documents must be prepared, such as passports, financial proofs, and business plans.

Once the documents are prepared, the registration application is submitted to the relevant local authorities and wait for the necessary approvals. Next, a bank account is opened in the company’s name, and an office or work space is rented to conduct business. New companies must also comply with local tax and labor legislation, and renew their licenses regularly according to requirements.

Thanks to its modern, business-friendly legal framework and favorable economic environment, Dubai represents an ideal destination for investors looking for stimulating and sustainable investment opportunities in the Middle East and North Africa region.

Steps to establish a company in Dubai

Dubai is one of the most important global cities that attracts businessmen and investors thanks to its thriving business environment and the facilities it provides to companies. If you are planning to establish a company in Dubai, the following steps explain the basic procedures that must be followed. To establish a company in Dubai , follow these basic steps:

1. Determine the type of company: Decide on the type of company you want to establish, such as a limited liability company, a sole proprietorship, or a joint stock company, according to your business needs and goals.
2. Choosing a company name: Choose a name for the company that complies with legal regulations in Dubai, and ensure that the name is available without duplication with other companies.
3. Determine the location and virtual office: You must provide a valid business address for registration, and this can be the address of the virtual office if necessary.
4. Determine the business activity: Determine the business activities you intend to engage in, and ensure that they are compatible with the licenses of the Department of Economic Development in Dubai.
5. Prepare the necessary documents: Prepare the required documents such as passport copies of shareholders and directors, the business plan, and the company’s articles of incorporation.
6. Submitting the application: Submit the registration application to the Department of Economic Development in Dubai, and pay the required fees.
7. Completing the legal procedures: Once your application is approved, you will need to complete the legal procedures such as signing the company’s articles of incorporation before the relevant court or body.
8. Obtaining the necessary licenses and permits: You may need to obtain additional licenses depending on the type of activity, such as health, environmental, or construction licenses.
9. Opening a bank account: Open a company bank account to manage financial operations.
10. Company registration with the Department of Commerce and Industry: You may need to register the company with the Dubai Department of Commerce and Industry depending on the requirements.
11. Registration with other government bodies: You may need to register the company with other government bodies depending on the type of activity and legal requirements.
12. Renewal of annual licenses: Do not forget to renew annual licenses and permits according to legal requirements.

Documents required to establish a company in Dubai

To establish a company in Dubai, you usually require collecting a number of necessary papers and papers. Here is a general list of required documents:

• Registration application form: includes basic information about the company, such as its name, type, and proposed business activity.
• Passport copy: for shareholders, directors and main partners in the company.
• Business Plan: A breakdown of the company’s objectives and proposed financial and administrative plans.
• Memorandum of Association: Defines the company’s organizational structure and proposed business activities.
• Partnership Agreement: If the company operates under a partnership system.
• Proof of Address Certificate: Proof of the company’s location in Dubai must be provided, such as a rental contract or electricity bill.
• Power of Attorney: If there is a legal representative dealing on behalf of the company in registration procedures.
• Insurance Certificates: May be required for civil liability or for workers in some cases.
• Proof of capital: Proof of the company’s planned financing must be provided, whether through a bank account or bank certificates.
• Business-specific licences: These depend on the type of activity, and may include special health, safety or environmental licences, for example.

Fees for establishing a company in Dubai

The costs of establishing a company in Dubai vary depending on the type of company and the economic zone you choose, and may generally include the following fees:

1. Registration fees: consist of administrative fees for submitting the registration application to the Department of Economic Development or the relevant body.
2. License Fees: Additional fees may apply to obtain the necessary licenses to conduct the specific business activity.
3. Additional services fees: such as legal and accounting consultations, which may be necessary to complete the procedures.
4. Virtual Office Fees: If registration requirements require a local business address in Dubai.
5. Legal Consulting Fees: These fees may be required to assist in preparing legal documents and ensuring legal compliance.
6. Business management fees: Such as the costs of daily running the business including rent, utilities, and human resources.
7. Insurance Fees: There may be fees for property, civil liability, or workers’ insurance.
8. Annual renewal fees: To renew the necessary licenses and registrations every year.

Our company services for establishing a company in Dubai

Itqan Company is one of the companies specialized in company establishment services in Dubai and the United Arab Emirates in general. Itqan offers a wide range of services that facilitate the process of establishing companies and provides the necessary support to investors and businessmen. Among the services provided by Itqan Company for establishing a company in Dubai:

• Business Consulting: Itqan provides specialized consultations in the areas of establishing companies, including choosing the appropriate legal type of company and determining the appropriate economic zone for the commercial activity.
• Registration and licensing services: Itqan provides support at all stages of the registration process, from collecting the required documents to submitting applications to the competent authorities such as the Department of Economic Development.
• Franchising Services: Itqan provides consulting services to companies seeking tax and administrative concessions in free zones and special economic zones in Dubai.
• Legal and accounting consulting services: Itqan provides the necessary legal and accounting support to companies during their establishment process and also during the commercial operation period.
• Operations Management Services: Itqan provides daily operations management services such as managing offices and employees, and providing necessary logistical services.
• Post-Incorporation Services: Itqan provides ongoing support after company establishment, which includes license renewals and strategic consulting for business expansion.

In the end, establishing a company in Dubai requires specific efforts and procedures, but it is worth it due to the great economic and business opportunities that the city offers. To avoid any delays or legal problems, it is important to adhere to the legal steps and submit the required documents correctly.

Start by determining the type of company you want to create and its alignment with your business goals. Then, find a unique name for your company and check its availability. Next, prepare and submit the required documents such as the registration application form, copies of personal identities of shareholders and directors, and the lease contract for the proposed place.

Next, obtain the appropriate licenses and government permits for your company’s activity. You may need to apply for the appropriate business license, which varies depending on the type of company and specific activity. Make sure you meet all the requirements and conditions required to obtain these licenses.

After preparing and submitting all the required documents, they are reviewed and processed by the relevant authorities in Dubai. The company establishment permit is issued after all documents and documents are approved. You must comply with all legal and accounting obligations after incorporating the company, such as filing financial reports and complying with taxes and other government regulations.

The most frequently asked questions about establishing a company in Dubai