How to establish a company in Dubai in 7 steps

How to establish a company in Dubai in 7 steps In a few years, Dubai has become a destination for entrepreneurs and investors from around the world, and has become an incubator for establishing companies in Dubai, through constructive strategies and out-of-the-box ideas. In the following lines, we will learn how to establish a company in Dubai.

Establishing a company in Dubai is considered an important strategic step for those wishing to enter the world of entrepreneurship and expand the scope of their work. This process reflects the continuous growth and dynamism witnessed by the emirate, which makes it one of the most prominent economic and commercial centers in the world. In this article, we will discuss in some detail how to establish a company in Dubai in seven steps, providing readers with a practical and useful guide to starting their journey in the world of entrepreneurship in this dynamic city.

Dubai has an unparalleled international reputation as an investment and business destination. It is located in a strategic area between the European and Asian continents, making it a center for global trade and a regional distribution base. With its advanced infrastructure, flexible trade legislation, and innovative government facilities, Dubai provides an ideal environment for business and investment. The emirate also includes a large number of free zones and advanced technology zones, providing opportunities for companies to access new markets and expand their scope of work easily.

In short, establishing a company in Dubai is a vital step towards success in the business world, which everyone who wants to build his own project must consider carefully and work to achieve in an informed and effective manner.

How to establish a company in Dubai in 7 steps

Establishing a company in Dubai requires following a series of necessary steps. Here’s how to set up a company in Dubai in 7 steps:

Step 1: Determine the type of company:

Before starting to establish a company, you must determine the type of company you wish to establish, such as a limited liability company (LLC), a Free Zone Company, a joint stock company, and others.

Step 2: Choose a company name:

After determining the type of company, you must choose an appropriate and unique name for the company. You must ensure that the name is not similar to any already existing company and complies with the laws and regulations of Dubai.

Step 3: Submit the required documents:

Submit the documents required to establish the company, such as copies of shareholders’ personal identities, company contracts, official forms, and any other documents depending on the type of company.

Step 4: Pay fees and obtain licenses:

Pay the fees required to establish the company and obtain the necessary licenses from the relevant authorities, whether it is the Department of Economic Development in Dubai or the government body responsible for the selected free zone.

Step 5: Register the company and obtain the business license:

After confirming the documents and paying the fees, register the company in the local commercial registry and obtain the company’s trade license.

Step 6: Open a company bank account:

Open a bank account in the company’s name to manage the company’s financial transfers and financial operations.

Step 7: Starting the Business:

• After completing all the procedures, you can officially start the business and start implementing your previously defined business plans.
• By following these seven steps, you can successfully establish your company in Dubai and begin your entrepreneurial adventure in the vibrant and thriving emirate of Dubai.

One of the steps to answer the question of how to establish a company in Dubai is to obtain a license to practice the profession, as investors need a license to practice the profession, and the period required to obtain the license is not long.

Advantages of establishing a company in Dubai

Here are some of the main advantages of establishing a company in Dubai:

• Access to the local and global market: Dubai is located in a strategic location that makes it a major access point to regional and global markets. Companies operating in Dubai can easily access the local market in the UAE, in addition to opening doors to growth and expansion opportunities globally.
• Safe and stable business environment: Dubai has a safe and stable business environment, as it has stable government policies and provides legal protection for companies and investors. This enhances trust between companies and attracts more investments.
• Ease of completing transactions: Dubai has a flexible legislative and regulatory environment, which facilitates conducting commercial transactions and establishing companies. In addition, there are electronic applications and technical platforms that facilitate the conduct of administrative and organizational procedures quickly and effectively.
• Opportunities for growth and expansion: Thanks to its advanced infrastructure and continuous economic development, Dubai provides great opportunities for growth and expansion for new companies. Businesses can benefit from Dubai’s dynamic competitive environment and develop strategies to expand and achieve success in multiple areas.

How to establish a company in Dubai in 7 steps

Types of companies that can be established in Dubai

Choosing a company type depends on your needs and business goals. It is preferable to consult a legal advisor or accountant to determine the best option for you. Among these types we mention the following:

Mainland Companies:

• Mainland companies fall under the jurisdiction of the Department of Economic Development.
• It is allowed to practice all commercial, professional, industrial or tourism activities, whether inside or outside the local markets in the Emirates, without restrictions.
• It is considered one of the most important types of companies in Dubai.

Offshore Companies:

• Investors are allowed to establish offshore companies in Dubai.
• Typically used for investment and tax planning purposes.
• It is exempt from local taxes and subject to laws related to offshore companies.

Free Zones:

• Free zones are considered a distinctive investment environment in Dubai.
• Companies are allowed to conduct their activities flexibly and enjoy benefits such as 100% foreign investment and no local taxes.
• Subject to the laws of each free zone.

Costs involved in establishing a company in Dubai

Companies interested in establishing a company in Dubai must accurately estimate all expected costs and be aware of their financial obligations before embarking on the establishment process. How to establish a company in Dubai in 7 steps entails various costs, including:

• Commercial License Fees: Fees must be paid to obtain a commercial license to operate the company in Dubai. The value of this fee varies depending on the type of company and business activity chosen.
• Commercial registry fees: Fees must be paid to register the company in the local commercial registry, which are fixed administrative costs for establishing the company.
• Office rental fees: If the company needs an office, it will incur office rental costs, and these costs vary depending on the location and size of the office.
• Employee recruitment fees: If there is a need to employ employees from outside the emirate, you may incur costs associated with the recruitment process, such as visa costs and accommodation and subsistence costs.
• Other fees: The company establishment process may involve additional fees such as legal consultation fees, document authentication fees, legal advertising fees, and others.

Documents and papers that must be available when establishing a company in Dubai

Registration Application Form:
You must fill out the registration application form with personal information and details related to the business you wish to establish.
This form can be obtained from the Department of Economy and Commerce in Dubai.

Copy of passport or ID card:
A certified copy of the passport or ID card must be submitted to the owner or general manager of the company.

Letter from Emirati partner (if you plan to open a company in key areas):
If you plan to open a company in key areas in Dubai, you must have an Emirati partner.
A letter must be obtained from the Emirati partner stating his approval to establish the company.

Letter from the bank:
You must obtain a letter from the bank proving your ability to finance and operate the company.

Lease Contract or Virtual Office License:
You must provide a copy of the lease agreement for the office you will be using for business purposes.
If you are using a virtual office, you must provide a copy of your virtual office license.

A letter from the authority supervising the commercial activity:
You must obtain a letter from the authority supervising your commercial activity (such as the Department of Tourism and Shopping or the Department of Economy and Trade).

Fees and costs related to registration:
The required fees must be paid to the Department of Economy and Trade to complete the registration process.

Please review Itqan Company for more detailed information about the required documents and procedures required to open a commercial register.

Looking for help on how to establish a company in Dubai ?

Contact our team of experts and we will provide everything you need on how to establish a company in Dubai, as we are keen to:

• Comforting our customers and helping them achieve their goals.
• Saving time, effort and wasted money for our customers.
• Complete all necessary steps and procedures and complete all procedures.
• Completing all processes related to obtaining a commercial license.

At the conclusion of this large article on how to establish a company in Dubai in 7 steps in cooperation with Itqan Company, it can be said that establishing a company in Dubai requires following a series of specific and consistent steps. By consulting a specialized company such as Itqan, you can benefit from experience and integrated services to facilitate this process.

The most frequently asked questions about establishing a company in Dubai