Steps and procedures for establishing a company in Dubai

١٨ مارس Steps and procedures for establishing a company in Dubai

١٨ مارس POSTED AT
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Dubai is one of the world’s leading business destinations, thanks to its strategic location and thriving economic environment. Setting up a company in Dubai is an exciting option for many entrepreneurs and investors, given the city’s unique investment opportunities and advanced infrastructure. Dubai is a global hub for business and trade, providing an advanced business environment that supports innovation and growth.

The process of setting up a company in Dubai begins with a thorough understanding of the legal and procedural requirements, which vary depending on the type of business and the chosen location. Dubai offers two main options for setting up a company: on the mainland or in one of the free zones. Each option has its own advantages, with the mainland providing wider access to the local market, while the free zones allow for 100% foreign ownership and tax and customs exemptions.

To get started, investors must decide what type of company they want to establish, whether it is a limited liability company, a joint stock company, or a branch of an existing company. This requires preparing basic documents such as a business plan, lease contracts, and passports. The application is then submitted to the relevant authorities for a trade license, which is a crucial step to start operations legally.

Ease of procedures, government support, and availability of necessary facilities make Dubai an attractive environment for business. By following the right steps and cooperating with Etqan Company, investors can achieve success and growth in one of the most vibrant and innovative cities in the world.

Steps and procedures for establishing a company in Dubai

To establish a company in Dubai , there are generally several steps and procedures that must be followed. Here are the general steps for establishing a company in Dubai:

Choose the type of company: Decide what type of company you want to form, such as a limited liability company (LLC), partnership, or sole proprietorship.
Choosing a company name: Choose a unique and appropriate name for your company that complies with local laws and regulations.
Define the business activity: Determine the type of business activity the company will be engaged in.
Identify shareholders and shares: Identify the shareholders, their percentage of ownership in the company, and how shares will be distributed.
Determine the location and headquarters: Choose the location where the company will be headquartered.
Prepare the required documents: Prepare the documents required to establish the company, such as the founders’ passports, company contracts, etc.
Submitting the application and registering: Submit the company establishment application to the relevant authorities and the Dubai Commercial Licensing Authority.
Pay fees and capital: Pay the fees required to establish the company and determine the required capital.
Obtain government approvals: Obtain the necessary government approvals to establish the company.
Complete legal procedures: Complete all legal procedures required to establish the company, such as signing contracts and agreements.
Receiving the commercial license: After fulfilling all the conditions and procedures, a commercial license will be issued to your company.

Company formation fees in Dubai

When setting up a company in Dubai , it is necessary to consider a variety of fees associated with legal and administrative procedures. Without mentioning specific prices, the main fees that you may need to consider can be summarized as follows:

Licensing fees: This includes the cost of obtaining a commercial, industrial or professional license, depending on the type of activity the company will undertake. This license is the basis that allows you to practice commercial activities in Dubai.
Registration fees: This includes the fees for registering the company with the relevant authorities, such as the Department of Economic Development or the relevant regulatory body in the free zone of your choice.
Service office fees: If you use a service company that specializes in company formation, there are fees related to the services provided, such as preparing documents and dealing with government procedures.
Work visa fees: These include the costs of issuing work and residence visas for employees, which vary depending on the number and type of visas.
Office Rent Fees: It depends on the location and area of the office and is one of the basic expenses of running a company in Dubai.
Special License Fees: If the business requires additional licenses or special permits, these fees must be taken into account.

Documents required to establish a company in Dubai

To establish a company in Dubai , you need to submit a set of documents and data to ensure compliance with legal and procedural requirements. The required documents may vary slightly depending on the type of company and location (mainland or free zones). In general, the basic documents include the following:

Copies of Passports: Passports of all founders, directors and partners.
Copies of residence visas (if available): If any of the founders or directors are residents of the UAE, copies of residence visas must be provided.
Lease Contract: A lease contract for the company’s office, which must be in the name of the company or founders. In free zones, a lease contract or a document confirming the acquisition of a workspace can be used.
Business Plan: A summary of the company’s business and the services or products it will offer.
Forms and Licenses: Registration forms from the Department of Economic Development or the regulatory body in the free zone.
Commercial, industrial or professional license application forms.
Articles of Association and Memorandum of Association: The articles of association detail the company’s structure, the rights and duties of partners, and operating provisions.
The articles of association set out the internal rules of a company.
Letter of Approval: If there is a local partner (in the mainland), a letter of approval from the local partner must be submitted.
Copy of Emirates ID (if available): Emirates ID of founders and directors.
Government Approval (if required): Some business activities may require additional approval from relevant government or regulatory authorities.
Legal Signatures: Signatures of all founders and directors on required legal documents.
A copy of the previous trade license (if the company founder is a branch of an existing company): If you are opening a branch of a foreign company, a copy of the original trade license of the parent company must be submitted.

In conclusion, setting up a company in Dubai is a strategic step towards success and growth in the modern business world. Dubai offers an ideal environment for investors thanks to its strategic geographical location, advanced infrastructure, and flexible and stimulating business environment. By choosing the right location, whether it is on the mainland or one of the free zones, investors can benefit from multiple advantages including 100% foreign ownership, tax exemptions, and customs exemptions.

The procedures for setting up a company in Dubai are well-organized and streamlined, which speeds up the incorporation process and reduces administrative complications. By preparing the required documents, identifying the appropriate business activity, and complying with legal regulations, new companies can start their operations efficiently and quickly.

On the other hand, Dubai offers a variety of options for company formation, allowing investors to choose the most appropriate one based on the nature of their activity and the size of their business. Interacting with local authorities and specialized advisors can help speed up the process and ensure compliance with all requirements.

In conclusion, Dubai is a golden gateway for companies aspiring to grow and expand into regional and global markets. The thriving and supportive business environment makes Dubai a preferred destination for investors and entrepreneurs seeking to realize their business ambitions and expand their businesses in one of the most vibrant and innovative cities in the world. With the right strategies and compliance with requirements, new companies can achieve tangible success and contribute to the sustainable economic development of Dubai.