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Establishing companies in Dubai

Establishing companies in Dubai

٢٤ مارس Establishing companies in Dubai

Establishing companies in Dubai, Dubai is considered one of the most prominent investment destinations in the world, thanks to the distinguished business environment and the facilities it provides to investors. Establishing companies in Dubai is a strategic step for local and international investors looking to expand their businesses and benefit from the various economic opportunities offered by this global city. The government in Dubai is always seeking to develop and facilitate the procedures for establishing companies to become one of the easiest cities to start business activities. Dubai provides a stimulating environment for growth by offering a wide range of business opportunities in various fields such as technology, trade, tourism, real estate, and manufacturing industries. Establishing a company in Dubai requires following some steps that ensure compliance with local legal systems and obtaining the appropriate licenses.

Companies can be established in Dubai in many places, such as free zones, which provide significant benefits to investors such as tax exemptions and facilitation of procedures, or on the mainland, which allows companies to operate throughout the Emirates. Each of these two options offers unique advantages that vary depending on the type of business activity and expansion plans. In order to facilitate these processes and ensure success for new investors, Itqan provides integrated consulting services to help them complete all legal procedures and determine the most appropriate option for establishing their companies based on their needs and investment goals. Thanks to its long experience in the local market, Itqan provides the necessary support to ensure that companies are established as quickly as possible and in accordance with the highest legal and regulatory standards.

Establishing companies in Dubai
Establishing companies in Dubai

Types of companies that can be established in Dubai

Dubai is one of the most prominent investment destinations in the world, attracting many companies and investors thanks to its advanced business environment and modern infrastructure. If you are thinking of establishing a company in Dubai, you will find a variety of options that suit your business goals and the type of activity you wish to work in. The types of companies that can be established in Dubai vary according to the location (mainland or free zones) and the type of business activity, in addition to some legal criteria related to the ownership of the company and the nature of its work.

One of the main types of companies in Dubai is the Limited Liability Company (LLC), which is the most common among companies seeking to operate on the mainland. These companies allow you to benefit from the local market, but require a local partner who owns 51% of the shares. Companies in free zones allow foreigners to own 100% of the company without the need for a local partner. These companies specialize in certain activities depending on the free zone.

Also, there are public joint stock companies, which consist of a group of shareholders who own shares in the company, and the shares of these companies must be deposited in the stock market. In addition, sole proprietorships can be established, which are owned by only one person, and are suitable for small and medium businesses.

The choice between these types of companies depends on several factors such as business activity, location, number of partners, and licensing requirements. Itqan Company helps you determine the most appropriate type for your company and ensure that all legal and administrative procedures are carried out smoothly.

Procedures required to establish a company in Dubai

Establishing a company in Dubai is an important step for investors looking to expand in the UAE market and its commercial advantages. Dubai is one of the most prominent economic destinations in the region, providing a vibrant and supportive environment for businesses. The procedures required to establish a company in Dubai vary depending on the type of company (a company in the mainland or in a free zone) and the type of business activity to be carried out. However, there are basic steps common to all types of companies that must be followed to obtain the necessary licenses and start working legally.

The first step is to determine the type of business activity, as the type of work that will be carried out must be determined because this affects the type of license that the company will need.
Then comes the choice of the legal structure of the company, whether it is a limited liability company (LLC), a sole proprietorship, or a branch of a foreign company.
After that, the company’s location must be chosen, as the location of the company determines whether it will be registered in the mainland or in one of the free zones.
The next step is to choose a trade name for the company and ensure that it is available and not in use, as it requires checking the availability of the name and choosing it in accordance with the applicable laws.
Then comes the submission of the required documents, which usually include a passport, personal photos, and an office lease contract, in addition to other documents that may be required by the relevant economic department or free zone.
Finally, it is required to obtain a commercial license after verifying that all requirements have been met, whether it is a commercial, industrial, or professional license, from the economic department or the competent authority.
Through Itqan, investors can get comprehensive advice and assistance in completing all legal and practical procedures to establish their companies in Dubai with ease and convenience.

Our company’s role in establishing companies in Dubai

Establishing a company in Dubai represents an ideal opportunity for investors seeking to benefit from the dynamic economic climate and the many advantages offered by the emirate. Over the years, Dubai has proven its ability to attract capital from all over the world, thanks to the advanced business environment and government facilities it provides to investors. By moving towards establishing a company in Dubai, investors can access new markets and benefit from the free trade agreements that link the UAE with many countries around the world.

The ease of procedures and the efficiency of the administrative system in Dubai also make it an ideal choice for investors who want to speed up the establishment process and start business activities quickly and effectively. With many options available for establishing companies, whether in free zones or on the mainland, each investor can choose the option that suits their business activity and future goals. Itqan Company provides full support to investors at all stages of establishing companies, through specialized consultations and legal services to ensure that all local requirements are met. Whether you intend to establish a small company or a large project, Itqan Company facilitates the establishment process by accelerating procedures and providing the necessary support to obtain the appropriate licenses. Itqan’s extensive experience in the local market makes it an ideal partner to guide new investors and achieve success in Dubai’s evolving business environment. Therefore, establishing a company in Dubai is a strategic step that leads to success and expansion into new markets, all with the help of Itqan, which seeks to ensure your success by providing distinguished legal and commercial support and services.

Frequently Asked Questions about Establishing Companies in Dubai

What are the types of companies that can be established in Dubai?
There are several types of companies that can be established in Dubai, such as limited liability companies, joint stock companies, sole proprietorships, and companies in free zones.

Can foreigners establish a company in Dubai?
Yes, foreigners can establish companies in Dubai, whether in free zones or the mainland, provided that they adhere to the legal requirements for each type of company.

Do I need to have an Emirati partner to establish a company in Dubai?
In some cases, such as establishing companies in the mainland, you must have a local partner who owns 51% of the company’s shares. However, in free zones, foreigners can own 100% of the company’s shares.

What are the procedures required to establish a company in Dubai?
The basic procedures include choosing the type of company, submitting the required documents, identifying the appropriate location or free zone, applying for a trade license, and reserving the company name.

How long does it take to establish a company in Dubai?
The process of establishing a company in Dubai can take from a few days to several weeks depending on the type of company and the required documents.

Are there any special requirements for establishing a company in the free zones?
Yes, free zones offer many facilities such as tax exemptions, and full ownership of the company by foreigners, in addition to that each free zone may have specific requirements depending on the type of business activity.