Establishing companies in Dubai, Dubai is one of the most prominent global destinations for business and investment, as it enjoys a distinguished position thanks to its stable and prosperous economic environment, in addition to providing many commercial opportunities in various sectors. Establishing a company in Dubai is a strategic step for many businessmen and investors from all over the world, as the city provides a favorable environment for growth and innovation. Dubai offers great facilities to investors, whether local or international, with a set of legal and administrative facilities that make the process of establishing companies easier and faster. Dubai is a major commercial center in the Middle East and North Africa region, making it an ideal starting point for companies wishing to expand and reach new markets.
By cooperating with Itqan Company, investors can obtain full support at all stages of establishing their companies in Dubai. Itqan Company provides comprehensive consultations and integrated services that help companies meet all legal and administrative requirements in the Emirates. Whether you want to establish a company in a free zone or on the main lands, Itqan Company provides you with all the appropriate solutions that help you make the most appropriate decision for you. The company helps determine the type of company that is most suitable for your business, advises on the options available for obtaining the necessary licenses, as well as guidance on preparing legal documents and complying with local regulations.
With these services, opening companies in Dubai allows investors to establish legally and smoothly, allowing them to devote themselves to achieving the success of their business in the dynamic Dubai market.
Table of Contents
ToggleDocuments required to establish a company in Dubai
Establishing a company in Dubai requires preparing a set of basic documents that help speed up the registration process and obtain the necessary licenses. Dubai is one of the most attractive places for foreign investors thanks to its flexible business environment and advanced infrastructure. Investors can easily establish their companies if they are aware of the legal requirements and documents that must be provided. The type of company and location depend on the type of documents required, whether you want to establish a company in the free zone or on the mainland. Here are the most important documents that must be submitted:
Original passport and a copy of it: Owners or partners must provide valid passports. This document is essential as it verifies the identity of the individuals involved in establishing the company.
Recent personal photos: Authorities usually require a personal photo of the owner or CEO.
Certificate of Good Conduct: This certificate is required in some cases, especially for executives. It must be issued from the home country or the country of residence.
Proof of address: Proof of address is required for the founders. This can be through a recent utility bill (such as electricity or water) or a rental agreement.
Business plan: A business plan is a basic document that outlines the company’s activity, business objectives, products or services offered, as well as an analysis of the target market. This plan is necessary to obtain the appropriate license.
Lease contract for commercial premises: Whether you are setting up a company in a free zone or on the mainland, it is necessary to secure an office or commercial space. The contract must be certified by the competent authority.
Power of attorney from shareholders (if applicable): If there is more than one owner, an official power of attorney must be submitted specifying who has the authority to make decisions regarding the company.
Trademark registration: In case you wish to register a trademark for the company, the documents related to the trademark must be submitted.
By submitting these documents, you can speed up the process of establishing your company in Dubai and ensure compliance with all legal and administrative requirements. Itqan Company provides integrated consulting services to help you prepare all documents correctly, which helps avoid any delays or complications.
Tax benefits of establishing a company in Dubai
Dubai is one of the ideal destinations for investors and businessmen from all over the world thanks to its flexible business environment and diverse opportunities. One of the most important advantages that make Dubai an attractive business hub are the tax benefits offered by local and foreign companies. The government in Dubai provides a range of tax exemptions and incentives to investors, which enhances the attractiveness of establishing companies in the city and allows them to expand their businesses with the lowest tax costs.
First, one of the most important tax benefits offered by Dubai is the tax exemptions for companies in many free zones. Companies that meet the conditions can enjoy a complete exemption from corporate tax for up to 50 years. These exemptions include most companies established in the various free zones in Dubai, making them an ideal choice for foreigners who want to start their businesses without worrying about high tax burdens.
Basic Steps to Establish a Company in Dubai
Establishing a company in Dubai is an attractive investment option thanks to the advanced business environment, tax benefits, and legal facilities it offers. By following the basic steps to establish your company, you can start your business project easily and quickly. Here we will discuss the basic steps to establish a company in Dubai, explaining each stage so that you can organize the process in a smooth and efficient manner.
Choosing the type of company: Determining the type of company you want to establish is an important first step. The company can be in a free zone, a limited liability company in the mainland, or a joint stock company. The choice of type depends on the type of business activity and your needs.
Determining the business activity: Determining the activity that your company will carry out is essential because it will affect the type of license you need. Make sure to choose the activity carefully because each type of activity requires special permits.
Choosing the location: Determining the location of your business, whether in the free zone or on the mainland, is crucial. Free zones offer special benefits to investors such as tax exemptions and business facilities, while the mainland provides direct access to the local market.
Submitting the required documents: After determining the activity and location, you must submit the required documents such as passport, personal photo, office lease contract, and business plan. Documents vary depending on the type of company and location.
Obtaining a commercial license: After submitting the documents, you can apply for a commercial license from the Department of Economic Development or the relevant authority depending on the type of activity of your company. This requires paying the required fees.
Opening a bank account: After obtaining the license, you must open a bank account in the name of the company in one of the local banks to be able to manage financial operations easily.
Recruiting employees and visas: If you need to hire employees, you must obtain work and residence visas, which can be obtained through the Immigration Department or the relevant authority.
By following these basic steps, a company can be established in Dubai quickly and easily, opening the way for investors to benefit from the many business opportunities in this dynamic city.
Our company’s role in establishing companies in Dubai
Establishing companies in Dubai is an important step for many investors seeking to benefit from the great business opportunities offered by this world-leading city in the field of business. Thanks to its favorable economic environment and clear legal regulations, Dubai is an ideal destination for establishing businesses. By working with Itqan, investors can access integrated and comprehensive services that facilitate procedures and provide professional advice that ensures the establishment of companies legally and smoothly. Itqan is a reliable partner in the field of business establishment, providing investors with all the solutions that help them deal with the complexities of local regulations and laws, in addition to helping them choose the type of company that best suits their needs and guiding them on obtaining the necessary licenses.
Itqan’s services contribute to accelerating the establishment process through its continuous support in preparing the required documents and providing guidance on how to comply with legal requirements. The company also provides consultations related to taxes, financial terms, and commercial licenses in line with local laws in Dubai. All of these factors make the process of establishing companies smoother and more efficient. Working with Itqan gives investors more time to focus on developing their businesses and growing in the local and international market without worrying about legal and administrative aspects. Relying on the extensive experience of the Itqan team, investors can start their businesses in Dubai with confidence and readiness to achieve success in the distinguished global business environment that the city offers.
Frequently Asked Questions about Company Formation in Dubai
What are the basic steps to establish a company in Dubai?
Establishing a company in Dubai requires several basic steps such as choosing the type of company, determining its location (inside the free zone or on the mainland), obtaining the necessary licenses, and submitting the required documents such as passport, a copy of the lease contract, and more. Itqan can help you with these steps to ensure compliance with local regulations.
Do I need a local partner to establish a company in Dubai?
In some cases, establishing companies on the mainland requires a local partner who holds 51% of the shares. However, if you establish your company in the free zones or limited liability companies (LLC), you can be the sole owner.
What are the licenses required to establish a company in Dubai?
Licenses depend on the type of business activity. Licenses can be commercial, industrial, or professional. You will need to accurately determine the type of your business to be able to obtain the appropriate license.
What are the costs associated with establishing a company in Dubai?
Costs vary based on the type of company and location (free zone or mainland). Costs include licensing fees, rental costs, government fees, and bank account setup costs, among others.
Can I convert a company to a Limited Liability Company (LLC) after incorporation?
Yes, a company can be converted to another type after incorporation according to local legislation, but you will need to follow specific legal procedures.
What are the tax benefits of setting up a company in Dubai?
Dubai offers several tax benefits such as a 50-year corporate tax exemption in some free zones, as well as no personal income tax for individuals.
Can foreigners fully own companies in Dubai?
Yes, in free zones, foreigners can own 100% of the company’s shares. On the mainland, foreigners may need a local partner for some business activities.
What documents are required to set up a company in Dubai?
The required documents include a valid passport, a passport photo, a business plan, a certificate of good conduct, and sometimes proof of address.