{"id":52179,"date":"2024-01-26T14:45:08","date_gmt":"2024-01-26T12:45:08","guid":{"rendered":"https:\/\/dubaifreezoneinvest.com\/?p=52179"},"modified":"2024-07-20T14:49:10","modified_gmt":"2024-07-20T11:49:10","slug":"how-to-open-a-company-in-dubai","status":"publish","type":"post","link":"https:\/\/dubaifreezoneinvest.com\/en\/how-to-open-a-company-in-dubai\/","title":{"rendered":"How to open a company in Dubai"},"content":{"rendered":"
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How to open a company in Dubai is an important strategic step for individuals and companies seeking to take advantage of Dubai’s distinguished location and the business opportunities available in this thriving global city. In cooperation with Itqan Company, the necessary support and guidance is provided to individuals and companies wishing to open a company in Dubai.<\/span><\/p>\n

This great article aims to explore the methods and procedures for opening a company in Dubai in cooperation with Itqan Company. The article will highlight the required steps and requirements that must be provided to open a company in Dubai, including choosing the appropriate company type, registering the company, obtaining the necessary licenses, opening a bank account, and other basic procedures.<\/span><\/p>\n

In addition, the article will focus on the role of Itqan Company in providing support and assistance in the process of opening a company in Dubai. The company will showcase its expertise and specialized services in providing the necessary consultations and guidance to individuals and companies at every step of opening a company, from strategic planning to implementing the plan and following up on operations.<\/span><\/p>\n

In short, this great article includes a comprehensive look at how to open a company in Dubai in cooperation with Itqan Company. It will highlight the necessary steps and requirements and how the company supports clients in this process, giving them the confidence and knowledge necessary to build and develop their business in Dubai in a successful and effective manner.<\/span><\/p>\n

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\"How<\/p>\n

How to open a company in Dubai<\/span><\/p>\n<\/div>\n

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How to open a company in Dubai<\/span><\/span><\/h2>\n

Here are general steps to open a company in Dubai:<\/span><\/p>\n

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  1. Feasibility study:<\/span><\/strong>\u00a0Conduct a feasibility study to understand the local market and properly analyze the opportunities and challenges you may face in your proposed business.<\/span><\/li>\n
  2. Identify the business activity:<\/span><\/strong>\u00a0Determine the type of business activity you wish to engage in and ensure that it is compliant with local regulations and laws in Dubai.<\/span><\/li>\n
  3. Choosing a company name:<\/span><\/strong>\u00a0Choose an appropriate name for your company, make sure it has not already been used, and follow the procedures required to register it.<\/span><\/li>\n
  4. Determine the company structure:<\/span><\/strong>\u00a0Determine the company structure, including partners, shareholders, and directors, and decide the type of company (sole proprietorship, limited liability company, partnership, etc.).<\/span><\/li>\n
  5. Establishing the company:<\/span><\/strong>\u00a0Register the company with the Department of Commerce and Industry in Dubai, obtain the necessary licenses and permits, and determine the location of the company\u2019s headquarters.<\/span><\/li>\n
  6. Compliance with Laws and Regulations:<\/span><\/strong>\u00a0Ensure compliance with all local and federal laws and regulations in Dubai and the UAE, and consult legal experts if necessary.<\/span><\/li>\n
  7. Open a bank account:<\/span><\/strong>\u00a0Open a bank account for the company to manage financial flows and business transactions, and ensure that the account meets the company\u2019s needs.<\/span><\/li>\n
  8. Tax Registration:<\/span><\/strong>\u00a0Follow the necessary tax procedures and register to obtain a tax identification number and comply with tax assessments.<\/span><\/li>\n
  9. Insurance and additional licenses:<\/span><\/strong>\u00a0Make sure to obtain the appropriate insurance for the company and additional licenses required depending on the type of activity.<\/span><\/li>\n
  10. Marketing and Getting Started:<\/span><\/strong>\u00a0Once the formalities are completed, promote your company and get started.<\/span><\/li>\n<\/ol>\n

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    Types of companies that I can establish in Dubai<\/span><\/span><\/h2>\n

    You can establish several types of companies in Dubai, some of which include:<\/span><\/p>\n

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    1. Limited Liability Company (LLC):<\/span><\/strong>\u00a0This is the most common company and requires financial contribution from partners. Foreign ownership may be limited.<\/span><\/li>\n
    2. Public Joint Stock Company (PJSC):<\/span><\/strong>\u00a0This company is suitable for large companies that intend to go public and trade their shares on the stock exchange.<\/span><\/li>\n
    3. Private Joint Stock Company (PSC):<\/span><\/strong>\u00a0Requires financial contribution from partners but must be of a certain professional nature.<\/span><\/li>\n
    4. Sole Proprietorship:<\/span><\/strong>\u00a0Allows an individual to own and manage the business individually, with limited liability.<\/span><\/li>\n
    5. Sole Establishment:<\/span><\/strong>\u00a0Allows an individual to own and manage the business individually without forming a partnership with anyone else.<\/span><\/li>\n
    6. Free Zone Company:<\/span><\/strong>\u00a0Provides opportunities for companies to invest in various fields while obtaining tax facilities and exemptions.<\/span><\/li>\n
    7. Branch of a Foreign Company:<\/span><\/strong>\u00a0Allows the foreign company to open a branch in Dubai to expand its activity.<\/span><\/li>\n
    8. Multinational Company:<\/span><\/strong>\u00a0Allows companies to establish branches in Dubai and operate across borders.<\/span><\/li>\n<\/ol>\n

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      Costs required to establish a company in Dubai<\/span><\/span><\/h2>\n

      The costs required to\u00a0<\/span>establish a company in<\/span> Dubai<\/span>\u00a0<\/strong>vary based on several factors such as the type of company, business size, and legal and administrative requirements. However, the main costs that may be necessary can be summarized as follows:<\/span><\/p>\n

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      1. Registration and license fees:<\/span><\/strong>\u00a0These fees include fees for registering the company and obtaining the necessary licenses from local and government authorities.<\/span><\/li>\n
      2. Real estate space costs:<\/span><\/strong>\u00a0You may need to rent an office or commercial space for the company, and costs vary depending on the location and size of the space.<\/span><\/li>\n
      3. Costs of legal and advisory services:<\/span><\/strong>\u00a0These costs can be related to providing legal advice, preparing legal documents, and assisting with the necessary legal procedures.<\/span><\/li>\n
      4. Initial management and operating costs:<\/span><\/strong>\u00a0These costs include hiring the employees necessary to manage and operate the company, and providing office and technical supplies.<\/span><\/li>\n
      5. Necessary Capital:<\/span><\/strong>\u00a0Some types of companies may require a certain amount of capital to start the business.<\/span><\/li>\n
      6. Initial advertising and marketing costs:<\/span><\/strong>\u00a0These costs can be associated with advertising and marketing the company to potential customers.<\/span><\/li>\n
      7. Advisors and Brokers Fees:<\/span><\/strong>\u00a0There may be fees for advisors or brokers assisting in the company formation process.<\/span><\/li>\n<\/ol>\n

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        Permits required to practice commercial activity in Dubai<\/span><\/span><\/h2>\n

        The permits required to conduct business activity in Dubai vary based on the type of activity and industry in which the company operates. However, here are some common permits that may be required:<\/span><\/p>\n

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        1. Business License:<\/span><\/strong>\u00a0This license is issued by the Department of Commerce and Industry in Dubai, and is considered essential for starting a business.<\/span><\/li>\n
        2. Municipal License:<\/span><\/strong>\u00a0In some cases, a company may need a license from the local municipality to conduct business activity.<\/span><\/li>\n
        3. Construction and operating licenses:<\/span><\/strong>\u00a0If the company manages facilities or engages in construction or engineering services, it may need special licenses from the relevant authorities.<\/span><\/li>\n
        4. Health and Safety Permits:<\/span><\/strong>\u00a0In some industries such as restaurants or food industries, health authorities may require special permits.<\/span><\/li>\n
        5. Environmental permits:<\/span><\/strong>\u00a0If the company operates in industries that may affect the environment, it may need environmental permits from the relevant authorities.<\/span><\/li>\n
        6. Labor and Immigration Permits:<\/span><\/strong>\u00a0If you intend to employ foreign workers, you may need special permits from the Department of Labor and Immigration.<\/span><\/li>\n
        7. Safety and Security Permits:<\/span><\/strong>\u00a0In some industries such as manufacturing or construction, a company may need special permits to ensure the safety of employees and facilities.<\/span><\/li>\n<\/ol>\n

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          \"Open<\/p>\n

          Open a company in Dubai<\/span><\/p>\n<\/div>\n

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          Taxes that companies must pay in Dubai<\/span><\/span><\/h2>\n

          In Dubai, companies are subject to some local and federal taxes. Here are some taxes that may be required on companies in Dubai:<\/span><\/p>\n

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          1. Value Added Tax (VAT):<\/span><\/strong>\u00a0VAT was implemented in the UAE in 2018. The standard rate of VAT is 5% and applies to most goods and services.<\/span><\/li>\n
          2. Corporate Tax: Corporate tax in\u00a0<\/span><\/strong>Dubai<\/span><\/strong>\u00a0is imposed\u00a0on companies and commercial establishments at a rate of 0% for companies operating in free zones, and at a rate of 10% for companies operating outside free zones.<\/span><\/li>\n
          3. Other local taxes:<\/span><\/strong>\u00a0Other local taxes such as property tax and corporate rental tax may apply depending on local laws.<\/span><\/li>\n
          4. Other government fees:<\/span><\/strong>\u00a0There may be other government fees such as registration, renewal and permit fees that companies must pay to the government.<\/span><\/li>\n
          5. Income Taxes:<\/span><\/strong>\u00a0Income tax is imposed on individuals and companies at different rates depending on personal income or net profits of the company.<\/span><\/li>\n<\/ol>\n

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            Legal and regulatory requirements for opening a company bank account<\/span><\/span><\/h2>\n

            Opening a company bank account in Dubai<\/span><\/strong>\u00a0requires compliance with certain legal and regulatory requirements. Here are some basic steps and requirements:<\/span><\/p>\n

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            • Providing legal documents:<\/span><\/strong>\u00a0These documents usually include the company’s commercial registration certificate, the company’s power of attorney form, and identity documents for key shareholders and directors.<\/span><\/li>\n
            • Providing personal information:<\/span><\/strong>\u00a0People associated with the company must provide personal information such as passport and current address.<\/span><\/li>\n
            • Compliance with bank requirements:<\/span><\/strong>\u00a0Banks may impose additional conditions such as a minimum deposit capital or the presence of a certain type of business activity.<\/span><\/li>\n
            • Submitting the application:<\/span><\/strong>\u00a0The company must submit an official application to open a bank account and sign the required forms.<\/span><\/li>\n
            • Verification procedures:<\/span><\/strong>\u00a0The account opening process may include identity verification procedures for shareholders and directors, in order to confirm the identity of persons associated with the company.<\/span><\/li>\n
            • Signing the agreements and conditions:<\/span><\/strong>\u00a0Once the account is approved to open, company representatives must sign the agreements and conditions related to the account and use of banking services.<\/span><\/li>\n<\/ul>\n

              At the conclusion of this great article, it can be said that opening a company in Dubai in cooperation with Itqan Company is a strategic step that promises to open the doors of opportunities and achieve success in the thriving business market in Dubai. Itqan Company is a strong and reliable partner for individuals and companies wishing to open a company in this global city.<\/span><\/p>\n

              Through its experience and specialized services, Itqan Company provides comprehensive support in all aspects of the company opening process, from strategic planning to plan implementation and permanent follow-up of operations. The company helps choose the appropriate type of company, register it, obtain the necessary licenses, open a bank account, and provide advice and guidance at every stage of the process.<\/span><\/p>\n

              Thanks to this cooperation, opening a company in Dubai in cooperation with Itqan Company provides the opportunity to benefit from the high competitiveness, advanced infrastructure, and Dubai\u2019s strategic location in the heart of global business. This move will help investors and businessmen achieve their goals and expand their business in the thriving Dubai market.<\/span><\/p>\n

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              The most important frequently asked questions about opening a company in Dubai<\/span><\/span><\/h2>\n
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              What types of companies can I establish in Dubai?<\/span><\/h3>\n
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              You can establish a sole proprietorship, a private joint stock company, a public joint stock company, a limited liability joint stock company or a limited joint stock company.<\/span><\/p>\n<\/div>\n<\/div>\n<\/section>\n

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              What are the basic steps to establish a company in Dubai?<\/span><\/h3>\n
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              The steps include determining the type of company, choosing the company name, determining the location and address, obtaining a business license, determining the financial capital, and submitting the necessary documents to the relevant authorities.<\/span><\/p>\n<\/div>\n<\/div>\n<\/section>\n

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              What are the costs associated with setting up a company in Dubai?<\/span><\/h3>\n
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              Costs vary based on the type of company and business activities, but include registration fees, legal consulting costs, real estate costs, and government service fees.<\/span><\/p>\n<\/div>\n<\/div>\n<\/section>\n

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              What are the legal requirements for hiring foreign workers?<\/span><\/h3>\n
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              Companies must obtain special permits from the Ministry of Labor and Immigration to employ foreign workers, and foreign workers must obtain a work visa from the UAE.<\/span><\/p>\n<\/div>\n<\/div>\n<\/section>\n

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              What taxes are included in operating a company in Dubai?<\/span><\/h3>\n
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              Taxes include value added tax (VAT), corporate tax and income tax, but there are free zones in Dubai that are subject to different tax laws.<\/span><\/p>\n<\/div>\n<\/div>\n<\/section>\n