Steps to establish a company in Dubai for foreigners

There are several steps to establishing a company in Dubai for foreigners because when they think about establishing a company in Dubai, they are faced with a range of exciting opportunities and potential challenges. Dubai is one of the most attractive cities for business in the world, as it provides a developed and encouraging work environment, in addition to its strategic location and flexible laws that support foreign investment. But before embarking on this business adventure, there are steps that must be followed carefully to ensure the success of your business in Dubai. 

In cooperation with Itqan Company, foreigners can facilitate the process of establishing a company in Dubai . Itqan provides comprehensive advisory services that include reviewing business plans, guidance on legal structure, assistance in choosing the appropriate business activity, and providing the necessary local care services in line with UAE laws and legislation. By choosing to work with Itqan, foreigners can rest assured that they are on the right path to successfully starting their business in Dubai.

Procedures for establishing a company in Dubai for foreigners

Establishing a company in Dubai for foreigners

Establishing a company in Dubai for foreigners in cooperation with Itqan Company represents a smart and successful investment step. Itqan provides comprehensive services to help foreigners establish their companies in Dubai, from providing advice in choosing the appropriate legal structure to completing all necessary procedures. Its services include arranging the necessary documents, providing a local partner if necessary, arranging bank accounts, and ensuring compliance with local legislation. Thanks to its experience and professionalism, Itqan facilitates the process of establishing companies in Dubai and makes it a successful and smooth experience for foreign clients seeking to invest in this modern and prosperous country.

Through its cooperation with Itqan Company, foreigners can benefit from its extensive experience in the Dubai and UAE market, which helps them overcome legal and administrative challenges with ease. Itqan also provides the necessary support services after the company’s establishment, such as tax and accounting consulting and human resources management, to ensure the company’s continued success and sustainable growth in the growing Dubai market. By choosing Itqan Company as a partner in establishing your company in Dubai, you can rest assured that you are working with a professional team that aims to achieve your success and business growth in the modern and dynamic Emirate of Dubai.

Procedures for establishing a company in Dubai for foreigners

The city of Dubai is an important commercial area in the Emirates and is considered the investment center of the country. Dubai has been the largest economic region in the Middle East for years, for the following reasons:

• The UAE contains more than 40 free zones, the most important of which is located in the city of Dubai, which makes it a great opportunity to establish a company in Dubai for foreigners.
• It has many equipped commercial centers and business centers and is famous for its skyscrapers and the diversity of industrial areas.
• The facilities necessary to establish a company in Dubai for foreigners vary, which provide many facilities to encourage investment in Dubai, according to the type of activity to be practiced.
• The city of Dubai is interested in constantly improving infrastructure, and Dubai is famous for the strongest infrastructure in the Arab world, as the UAE has allocated about 230 billion UAE dirhams to develop the infrastructure of road networks and buildings.
• The UAE government provides full tax exemption on companies and personal income. The duration of the tax exemption is up to five years and can extend to a lifetime.

Steps to establish a company in Dubai for foreigners

Establishing a company in Dubai requires adherence to specific procedures and cooperation with Itqan Company, and assistance can be obtained from business experts to facilitate this process. Here are the steps for establishing a company in Dubai for foreigners:

• Choosing the type of company: Determine the type of company you want to establish, whether it is an individual company, a joint stock company, or a limited liability company, according to the needs and goals of your business.
• Choosing a company name: Choose a unique name for your company and make sure that it is compatible with the laws of the emirate and is not similar to the names of other registered companies.
• Determine the business activity: Determine the business activity that the company will engage in, and ensure that it is compatible with local laws and regulations.
• Choosing a business location: Determine the location of your company, whether in a free zone or outside it, according to your business needs.
• Obtaining an establishment permit: Obtain an establishment permit from the Department of Economic Development in Dubai or the competent authority, depending on the location of your company.
• Submit necessary documents: Submit the required documents for registration, such as a copy of the passport, business plan, company contract, no-objection certificate, etc.
• Pay the necessary fees: Pay the fees required to establish and register the company.
• Obtaining a work license: After meeting all conditions and requirements, you will be granted the work license necessary to start working.
• Opening a bank account: Open a bank account for your company to facilitate trading and financing operations.
• Compliance with Laws and Regulations: Ensure compliance with all local laws and regulations related to establishing and operating companies in Dubai.

We help you in all procedures for establishing a company in Dubai for foreigners, as we have an Itqan Company team in the fields of investment over years of experience and exposure to the Emirati market.

Advantages of establishing a company in Dubai for foreigners

It is known that establishing companies in the Emirates provides many advantages and benefits that foreigners obtain when establishing their company in Dubai, the most prominent of which are:

• Advanced investment environment: Dubai provides a developed and modern business environment that attracts international companies.
• Prosperous Economy: Dubai’s economy is considered one of the most diversified and prosperous economies in the region, providing great opportunities for growth and expansion.
• Easy access to regional and global markets: Thanks to its strategic location, Dubai provides easy access to local, regional and international markets.
• Advanced infrastructure: Dubai has an advanced infrastructure that includes airports, ports, and modern transportation networks.
• Ease of administrative procedures: Dubai provides simple and smooth administrative procedures for establishing and managing companies.
• Modern and flexible laws: Dubai has modern and flexible laws that support foreign investment and protect the rights of investors.
• Political and economic stability: Dubai enjoys political and economic stability, making it a favorable environment for international investments.
• Cultural Diversity: Dubai’s cultural diversity is an added advantage that contributes to attracting international companies and employees.

Conditions for establishing a company in Dubai for foreigners

In order to establish a company in Dubai as a foreigner, if the company is not in a free zone, establishing the company requires the presence of a local partner who owns a share of no less than 51% of the company’s capital. However, he does not interfere in the management of the company, and there are some conditions that must be adhered to, including:

• Obtaining the necessary licenses: The company must obtain the necessary licenses from the relevant authorities, such as the Department of Economic Development in Dubai.
• Compliance with local laws and regulations: The company must comply with local laws and regulations in Dubai and the United Arab Emirates.
• Determine the business activity: The company must define its business activity and ensure that it complies with local laws.
• Providing the necessary documents: Establishing the company requires submitting a number of documents such as valid passports, experience certificates (if necessary), lease contract (if the company will have an office in Dubai), and other required documents.
• Residency Visa: Business owners must obtain a residence visa for themselves and their families to reside in Dubai and manage their businesses.
• Signing the necessary agreements: After meeting the previous conditions, the company must sign the necessary agreements with the local partners (if the company requires a local partner).

Tips for establishing a company in Dubai for foreigners

To establish a successful company in Dubai as a foreigner, start with good planning in terms of, before starting to establish the company, prepare a comprehensive feasibility study to understand the local market and its needs, and determine the appropriate business strategy. Here are some important tips:

• Choose a local partner carefully: If a local partner is needed, make sure to choose a partner with extensive business experience and a good reputation.
• Compliance with Laws and Regulations: Ensure you understand and adhere to local laws and regulations related to establishing and operating companies in Dubai.
• Good Marketing: Develop an effective marketing strategy to attract local and international customers and increase awareness of your brand.
• Use local consulting services: Take advantage of the services of local consultants to help guide you through the company formation process and provide professional advice.
• Leverage technology solutions: Use technology to improve your company’s operations and enhance its efficiency and online presence.
• Building good relationships: Work on building good relationships with customers and local partners to strengthen your company’s position in the local market.
• Continuous innovation and development: Always be ready to innovate and develop your products and services to meet changing market needs.

Commercial license to establish a company in Dubai for foreigners

For foreigners wishing to establish a company in Dubai, cooperation with Itqan Company is considered a smart and successful step. Itqan Company provides comprehensive and integrated consulting services to assist in establishing companies, starting from providing advice in choosing the appropriate business activity to completing all legal and administrative procedures.

One of the basic steps in establishing a company is obtaining a commercial license , which is considered one of the most important steps that ensure the company operates legally and effectively in Dubai. Itqan Company provides guidance and assistance in obtaining the appropriate commercial license for the company’s activity, whether it is a general commercial license, an industrial license, or a professional services license, and facilitates the application process and provides the necessary support to pass all procedures smoothly.

In addition, Itqan helps in fulfilling all other legal and administrative requirements required to establish a company, saving time and effort for foreigners wishing to invest in Dubai. These services allow new companies to start operating quickly and efficiently, increasing their chances of success in the local and international market.

Itqan Company services in establishing a company in Dubai

Itqan Company provides a wide range of services to facilitate and accelerate the process of establishing companies in Dubai . Among the services provided by the company:

• Company Establishment Consultations: Itqan provides specialized consultations to help clients choose the appropriate legal structure for their company and determine the appropriate business activity.
• Establishment arrangements: The company arranges all documents necessary to establish the company, including submitting license applications and preparing the necessary contracts.
• Providing a local partner: In the case of companies that require a local partner, Itqan helps in finding a reliable partner and arranging the necessary agreements.
• Bank accounts: The company helps in opening bank accounts for the company, and provides support in banking operations.
• Legal Compliance Services: Itqan helps ensure compliance with all local laws and regulations, and provides advice on tax and labor legislation.
• Immigration and Visa Services: Itqan provides immigration and visa services to assist clients and their employees in obtaining the necessary visas.
• Marketing and promotional services: The company provides marketing services to help promote the company’s products and increase brand awareness. Thanks to these comprehensive services, Itqan facilitates the process of establishing companies in Dubai and helps clients start their business with confidence and efficiency.

In conclusion, establishing a company in Dubai for foreigners in cooperation with Itqan Company appears as an excellent and successful investment opportunity. Itqan Company provides a comprehensive range of services that facilitate the process of establishing companies, starting with consultations in choosing the appropriate legal structure to completing all necessary procedures efficiently and smoothly.

Dubai is considered an ideal environment for establishing companies due to its thriving economy, advanced infrastructure, and encouraging investment laws. In cooperation with Itqan, foreigners can take advantage of the available investment opportunities and build a successful business in this modern and developed emirate.

If you are looking for stability and new opportunities in the business world, then establishing a company in Dubai in cooperation with Itqan Company may be the ideal choice for you.

Frequently asked questions about establishing a company in Dubai for foreigners