Establishing a company in Dubai, this modern, leading city in the world of business and trade, attracts companies and entrepreneurs from all over the world with its wonderful environment and distinguished economic opportunities. In this context, Itqan Company stands out as a consulting partner specialized in the field of establishing companies in Dubai and facilitating the legal and administrative procedures associated with this process.
The Itqan team works to provide comprehensive consulting services to clients seeking to establish a company in Dubai , as it plays a vital role in guiding them through every step of establishing the company. Itqan Company’s mission is to provide professional advice and accurate information about the legal, regulatory and financial procedures necessary to successfully establish a company.
One of the most prominent services of Itqan Company in the field of establishing companies is providing consultations on choosing the appropriate type of company, determining the legal structure, responsibilities and rights of each partner, in addition to preparing the necessary documents and providing support in the official registration of the company and obtaining the necessary permits and permits.
Through your cooperation with Itqan Company, you will receive the necessary support to start your business project with the least effort and time possible, which contributes to achieving sustainable success and continued growth for your company in Dubai, this global center for business and innovation.
Establishing a company in Dubai
Establishing a company in Dubai requires following certain steps and meeting some conditions. Dubai is one of the best places for business thanks to its thriving economic environment. Here is a general guide to setting up a company in Dubai:
- Choose the type of company: Limited Liability Company (LLC), Free Zone Company, Branch of a Foreign Company, Representative Office
- Choosing a business: You must select the business you want to practice, as you need an appropriate business license for this activity. Activities
- Commercial includes: commercial, industrial, and services
- Choosing a company name: You must choose a name that complies with naming rules in Dubai. The name must be unique and not reserved by another company.
- Applying for a commercial license: For free zones: Application is made through the relevant free zone authority. For non-free zones: Application is through the Department of Economic Development (DED).
- Preparing documents: The required documents vary based on the type of company and region. Generally, documents include: A copy of the passport for all partners A copy of the residence visa (if applicable) A company registration application form Articles of association
By following these steps, you can successfully establish a company in Dubai and start taking advantage of the business opportunities available in this global city.
Establishing a company in Dubai
Types of companies that can be established in Dubai
| Type of Company | the description |
|---|---|
| Limited Liability Company (LLC) | A company whose establishment requires a local partner to own 51% of the shares, while foreign partners own a maximum of 49%. This company is suitable for local businesses. |
| Free zone company | It allows 100% foreign ownership, and enjoys many tax and administrative advantages. Designed for businesses that primarily serve foreign markets. |
| Branch of a foreign company | It allows the parent company to have full control over the branch, allowing foreign companies to conduct business in Dubai under the same brand and legal structure. |
| Representative office | It is limited to marketing and research and is not allowed to engage in commercial activities or make direct profits. It is used to promote the brand and collect market information. |
| Public Joint Stock Company (PJSC) | They can be established through an IPO, where shares are made available to the public. They are usually used for large projects and require huge capital. |
| Private Joint Stock Company (PrJSC) | Similar to a publicly traded company, but the shares are owned by a limited number of investors, often used for family businesses or large investment partnerships. |
| Solidarity Company | This type of company consists of two or more partners who share responsibility and obligations equally, and is often used for small and medium businesses. |
| Limited partnership company | It consists of two types of partners: general partners who undertake management and bear full responsibility, and limited partners who contribute capital without participating in management. |
This table provides a comprehensive overview of the types of companies available in Dubai, helping you choose the type that best suits your business goals.
Basic steps to establish a company in Dubai
Establishing a company in Dubai requires following a series of structured steps to ensure compliance with local laws and regulations. Here are the basic steps to establish a company in Dubai:
- Submitting a license application: Prepare the documents required for submission, which include: a copy of the passport for all partners. A copy of the residence visa (if applicable). Company registration application form. Articles of Association and Partners Agreement (for limited liability companies). Submit the application to the Department of Economic Development (DED) or the relevant free zone authority.
- Obtaining initial approvals: Obtain initial approvals from the relevant authorities (such as the Department of Economic Development or the Free Zone Authority) that allow you to proceed with the procedures.
- Preparing the articles of incorporation: drafting the articles of association and the partners’ agreement and notarizing them with a notary (for limited liability companies).
- Locate the company and rent an office: Rent an office in a suitable location within Dubai or within the free zone you have chosen. Obtain a certified lease contract from Dubai Municipality or the Free Zone Authority.
- Opening a commercial bank account: Opening a commercial bank account in the name of the company to facilitate financial transactions. Submitting the required documents to the bank, such as the commercial license and articles of association.
- Registration in the Dubai Chamber of Commerce: Register the company in the Dubai Chamber of Commerce and Industry to obtain a membership that allows you to engage in commercial activities.
By following these steps carefully and systematically, you can successfully establish a company in Dubai and benefit from the business opportunities available in this global city.
Documents required to establish a company in Dubai
Establishing a company in Dubai requires submitting a set of documents to obtain the necessary approvals and licenses. These documents vary depending on the type of company and the region in which it will be established (free zone or non-free zone). Below is a list of basic documents required:
- Personal documents of partners and managers:
Copies of passports of all partners and managers.
Passport size photographs.
A copy of the residence visa (if applicable). - Documents related to the company:
Company registration application form: It contains basic information about the company, such as its name and type of business activity.
Memorandum of Association and Partners Agreement: It explains the conditions for establishing the company, the distribution of shares among the partners, and the rights and duties of each partner (for limited liability companies). Business Plan: A detailed business plan outlining the company’s activity and business objectives may be requested. - Additional documents (for foreign companies):
A copy of the parent company’s commercial license (if the company is a branch of a foreign company).
The parent company’s board of directors’ decision to open a branch in Dubai.
Memorandum of association and articles of association of the parent company.
Authorization letter from the parent company to appoint a manager for the branch in Dubai. - Documents related to the site:
Notarized lease contract: A lease contract for the office or commercial site certified by Dubai Municipality or the relevant free zone authority. No objection certificate: May be required from the property owner to approve the use of the site as a company headquarters. - Financial documents:
Proof of financial capacity: Proof of financial capacity of partners may be required, such as bank statements or financial statements.
Proof of paid-up capital: In some cases, proof of the deposit of paid-up capital in a business bank account may be required.
By preparing all the required documents and following the procedures carefully, you can successfully establish your company in Dubai and benefit from the great business opportunities that this global city provides.
Register a company in Dubai
Costs of establishing a company in Dubai
Establishing a company in Dubai requires following a series of procedures and legal requirements to comply with local laws and regulations. Here’s an overview of the basic steps:
- Government License Costs: Includes basic business license costs and registration fees for the Department of Economic Development (DED) or free zone authority.
- Consulting and legal assistance costs: If you hire a consulting firm or attorney to help set up the company and review legal documents.
- Real estate costs: Include rent for the office or commercial space you will use as your company’s headquarters.
- Legalization and translation costs: You may need to translate some documents into Arabic and have them legalized at embassies and government institutions.
- Registration and licensing costs: These include the costs of registering the company with the Chamber of Commerce and Industry and obtaining the necessary licenses.
- Labor costs and visas: If you have employees or managers who require residence visas or employment contracts.
These are some of the basic costs that can be necessary when setting up a company in Dubai. Itqan Company should be reviewed to obtain accurate estimates of actual costs based on the type of company and planned activities.
Our service in setting up your company in Dubai
Itqan Company provides an integrated set of services that facilitate the process of establishing companies in Dubai, ensuring that entrepreneurs and investors establish their businesses in a smooth and professional manner. These services include:
- Initial analysis: Providing advice on the most appropriate type of company based on business activity, investment size, and future goals.
- Legal Compliance: Helping clients understand local laws and regulations to ensure full compliance during the incorporation process.
- Research and verification: Verify the availability of the chosen trade name and ensure that it does not conflict with the names of other companies.
- Registration: Registering the trade name with the competent authorities.
- Articles of incorporation: drafting and preparing all legal documents required to establish the company.
- Necessary documents: Collect and prepare required documents such as copies of passports, residence visas, and completed registration forms.
By utilizing Itqan’s services, entrepreneurs and investors can focus on developing and growing their businesses, while Itqan handles all complex legal and administrative procedures. Thanks to its experience and deep knowledge of the local market, Etqan ensures that companies are established in a smooth and professional manner, enhancing the chances of success and sustainability in Dubai’s thriving business environment.
Your company in Dubai
In conclusion, establishing a company in Dubai represents a golden opportunity to benefit from a dynamic and evolving economic environment. Through good planning and utilizing consulting services provided by companies like Itqan, entrepreneurs can achieve success and growth in a global market that is diverse and full of possibilities. Dubai remains a leading destination for investors from all over the world, offering a supportive and encouraging business environment, making it the ideal choice for establishing prosperous and sustainable companies.
Itqan plays a vital role in facilitating the process of setting up companies in Dubai. Thanks to its deep experience and precise knowledge of the UAE market and the required legal procedures, Itqan provides comprehensive advisory services that help entrepreneurs overcome bureaucratic and administrative complexities. Itqan services include providing legal advice, helping you choose the ideal type of company, preparing and processing the necessary documents, and providing support in registration procedures and obtaining licenses. Moreover, Itqan provides integrated solutions that include renting offices, opening commercial bank accounts, and registering in the value-added tax system when needed.
Using the expertise of Itqan Company can significantly shorten time and effort, allowing entrepreneurs to focus on other aspects of developing their business such as strategic planning, marketing, and building business relationships. With the ongoing support of Itqan , startups can overcome any obstacles they may face and ensure full compliance with local laws and regulations.
Frequently asked questions about setting up a company in Dubai
1. What types of companies can be established in Dubai?
- Limited Liability Company (LLC): Requires a local partner to own 51% of the shares.
- Free Zone Company: Allows 100% foreign ownership.
- Branch of a foreign company: Allows the parent company to have full control.
- Representative Office: Limited to marketing and research and not involved in commercial activities.
2. What are the basic steps to establish a company in Dubai?
- Choosing a business: Determine the type of business activity you intend to engage in.
- Choosing a company name: It should be unique and in line with local rules.
- Submitting a license application: Submitting the necessary documents to the appropriate licensing authority (such as the Department of Economic Development or free zone authorities).
- Renting an office: Providing a physical business address.
- Opening a bank account: Creating a commercial bank account for the company.
3. Can foreigners own 100% of the company in Dubai?
- Yes, foreigners can own 100% of the company if it is established in one of the free zones.
- In limited liability companies (LLC) in non-free zones,
- Requires a local partner to own 51% of the shares.
4. What documents are required to establish a company in Dubai?
- Copies of passports of all partners.
- A copy of the residence visa (if applicable).
- Company registration application form.
- Memorandum of Association and Partners Agreement.
5. How long does it take to establish a company in Dubai?
The time period varies depending on the type of company and the required procedures, but usually ranges between two to four weeks from the date of submitting all required documents.
