Establishing a company in the Emirates for foreigners

Establishing a company in the UAE for foreigners is considered an attractive and interesting strategic step. The UAE is characterized by a developed commercial environment and a strong investment system, which makes it an ideal destination for foreigners wishing to establish and operate their company in this prosperous country.

In cooperation with Itqan Company, foreigners can benefit from the expertise and specialized services provided to facilitate the process of establishing a company and achieving success in the Emirates. Itqan Company provides a comprehensive range of services that include licensing and registration, legal and financial advice, business management, and communication with relevant authorities and government institutions.

Cooperation with Itqan Company is a key to success in the company establishment process in the UAE. It has extensive experience in establishing companies and amending local laws and regulations, ensuring full compliance with legal and legislative requirements.

In addition, the UAE provides a distinct and open investment environment for foreigners. Foreign companies enjoy full ownership rights and complete freedom to transfer profits. The UAE is also characterized by economic and political stability and flexible laws that enhance competitiveness and encourage innovation and development.

In short, setting up a company in the UAE for foreigners provides an important investment opportunity in a thriving market. In cooperation with Itqan Company, foreigners can benefit from expertise and specialized consulting to achieve success and grow their businesses in this dynamic country. Invest in your potential and get the support needed to achieve your business goals in the UAE.

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1 Types of companies that foreigners can establish in the UAE

2 Basic steps for establishing a company in the UAE for foreigners

3 Documents required to establish a company in the Emirates for foreigners

4 Costs associated with establishing a company in the UAE for foreigners

5 Steps to obtain residence visas for foreigners when establishing a company

6 The role of our company in establishing a company in the Emirates for foreigners

7 Frequently asked questions about establishing a company in the Emirates for foreigners

Types of companies that foreigners can establish in the UAE

The United Arab Emirates is considered one of the most attractive investment destinations for foreigners in the Middle East. The UAE is characterized by economic and political stability, and provides a developed commercial environment and a strong investment system. In addition, the UAE has flexible and appropriate legislation that allows foreigners to establish a variety of companies. There are several types of companies that foreigners can establish in the UAE, including:

Local company: In this type of company, foreigners cooperate with local partners who own a certain percentage of the capital. This type of company is suitable for businesses that require a great deal of local knowledge and local presence.
Limited Liability Company: This company is considered the most common among foreigners, as they have full ownership rights over the company and their liability is limited to the size of the invested capital.
Free Company: Free zones in the UAE are considered an ideal environment for establishing companies. Companies in free zones enjoy many financial and logistical advantages, such as no income, import and export taxes.
Real estate company: Foreigners can invest in the real estate sector in the Emirates by establishing a real estate company. They can buy, develop and rent real estate and exploit investment opportunities in this active sector.

In short, the UAE provides many opportunities for foreigners to establish successful companies in a variety of sectors. Foreign investors should consult with local professionals and familiarize themselves with local laws and regulations before establishing a company, to ensure legal compliance and achieve success in the growing market of the UAE.

Basic

Basic steps for establishing a company in the UAE for foreigners

Establishing a company in the UAE for foreigners is an exciting and rewarding investment option in this country that has a thriving business environment. The UAE provides an advanced investment environment and a strong investment system, making it an ideal destination for foreigners wishing to establish and operate their company in the Middle East. Here are the basic steps for establishing a company in the UAE for foreigners:

Market study: Before starting to establish a company, foreigners must study the local market and analyze potential opportunities and challenges. The demand for the products or services offered and potential competition in the market must be understood.
Choosing the legal type of company: Foreigners must select the appropriate legal type for their company, such as a local company, limited liability company, or free company. Local legal experts may be consulted for appropriate advice.
Choosing and registering the company name: Foreigners must choose a distinctive and appropriate name for the company and ensure its availability and legality. After that, an application must be submitted to register the company name with the authorities concerned with commercial registration.
Providing capital: Foreigners must provide the capital required to establish the company in accordance with legal requirements. This may require opening a bank account in the UAE and transferring funds to it.
Obtaining the necessary licenses and permits: You must obtain the necessary licenses and permits to practice the company’s activity. A specialized company such as Itqan Company can be consulted to assist in the procedures for obtaining licenses and permits.
Establishing a work team and hiring: Foreigners must employ a qualified and specialized work team to manage and operate the company. Local recruitment companies can be used to assist in the recruitment process.

In short, establishing a company in the Emirates for foreigners requires following a chain of companies in the Emirates. Foreigners must study the market, choose the legal type of company, choose the company name and register it, provide capital, obtain the necessary licenses and permits, and establish a work team and recruitment. Foreigners must also consult with local professionals and comply with local laws and regulations to ensure success and legal compliance in the UAE.

Documents

Documents required to establish a company in the Emirates for foreigners

Setting up a company in the UAE for foreigners is an exciting and rewarding process. The UAE provides an advanced investment environment and a strong investment system, making it an ideal destination for foreigners wishing to establish and operate their company in the Middle East. Here are the documents required to establish a company in the UAE for foreigners:

Copy of Passport: A valid copy of passport must be provided to foreign shareholders of the company.
Company Registration Application Form: The Company Registration Application Form must be filled out and signed by foreign shareholders.
Articles of Association or Agreement: The Articles of Association or agreement signed between foreign shareholders must be submitted to determine the rights, obligations, and shareholding percentages.
Certified certificate for shareholders: A certified certificate must be presented to foreign shareholders from the competent authority in their country to confirm their identity and legal authority.
Business Plan and Financial Projections: The business plan and financial projections for the company must be submitted, including a description of the proposed business, the operational plan, and the financial plan for the coming years.
Certificate of incorporation and other licenses: A certificate of incorporation must be obtained from the competent authority and other licenses required according to the type of economic activity chosen.
Company incorporation instrument: The company incorporation instrument must be obtained from the authority responsible for commercial registration.

After collecting these documents, foreigners must apply to register the company with the authority concerned with commercial registration in the emirate in which they wish to establish the company. Foreigners must also consult with local professionals and comply with local laws and regulations to ensure success and legal compliance in the UAE.

Costs associated with establishing a company in the UAE for foreigners

Establishing a company in the UAE for foreigners represents an exciting and rewarding investment opportunity in a thriving business environment. The UAE has an advanced infrastructure and a strong business system, making it an ideal destination for foreigners wishing to establish and operate their company in the Middle East. Here are the costs associated with setting up a company in the UAE for foreigners:

Registration fees: Includes legal registration fees, commercial registration fees, and company registration fees in the chosen emirate. These fees vary depending on the type of company and the size of capital.
Required Capital: Foreigners must provide the capital required to establish the company in accordance with legal requirements. The minimum capital is determined based on the type of company required and the chosen economic activity.
Legal advice costs: There can be costs associated with obtaining legal advice from a local attorney to ensure compliance with local laws and regulations and to provide necessary guidance and advice.
Company establishment costs: These include the costs of establishing the company, such as designing the logo, website, initial marketing, and preparing the documents required for the company.
Rent and office costs: Foreigners have to rent office or commercial space for the company headquarters. Rental costs vary depending on location and size of space required.
Licenses and permits costs: The necessary licenses and permits must be obtained to practice the chosen economic activity. This may incur costs of licensing procedures and government fees.
Insurance costs: The company may need insurance for employees, equipment and property, and this may involve additional costs.

It is important to prepare a comprehensive financial plan and accurately estimate the costs associated with establishing a company in the UAE. Foreigners must also take into account future costs associated with operating the company, annual registration, and other government fees. It is recommended to consult with local professionals to get an accurate estimate of costs and financial requirements.

Steps to obtain residence visas for foreigners when establishing a company

When establishing a company in the UAE for foreigners, they must obtain a residence visa to work and reside in the country. A residence visa allows foreigners to work and reside legally in the Emirates and benefit from the available investment and business opportunities. Here are the basic steps to obtain a residence visa for foreigners when establishing a company in the UAE:

Company Establishment: Before starting the process of obtaining a residence visa, the company must be successfully established and all required legal procedures and licenses must be completed.

Temporary Visitor Visa: Foreigners usually have to obtain a temporary visit visa to the UAE before starting the residence visa process. A visit visa can be obtained from the UAE embassy or consulate in the foreigner’s current country of residence.

Employment contract: After completing the establishment procedures and obtaining a visit visa, foreigners must sign an employment contract with the founding company. The contract must contain all details regarding job title, salary, benefits and working conditions.

Residency visa application: After signing the employment contract, you must submit an application for a residence visa in the UAE. Required documents must be submitted, such as a copy of the passport, personal photos, a copy of the employment contract, a medical examination, and a health certificate.

Issuing a residence visa: After completing the procedures and submitting the required papers, the relevant authority in the Emirates will review the application and issue a residence visa if approved. The validity period of the visa is determined according to the type of company, job title and salary.

Renewal of residence visa: Foreigners must renew their residence visa before it expires. The required documents must be submitted and the fees related to renewing the visa must be paid.

It is important to adhere to all requirements for obtaining a residence visa and follow the required procedures carefully to ensure the success of obtaining the visa. Requirements and procedures may vary based on the type of company incorporated, nationality and other factors. It is recommended to consult with a legal advisor or immigration specialist to obtain the necessary advice and ensure compliance with all local laws and regulations.

The role of our company in establishing a company in the Emirates for foreigners

At the conclusion of this article, we can conclude that establishing a company in the UAE for foreigners requires several steps and legal procedures to obtain a residence visa. Foreigners must adhere to the requirements and conditions required to ensure the success of obtaining a visa and successfully establishing the company.

In this context, Itqan Company can help simplify and facilitate the process of establishing a company and obtaining a visa. Itqan Company has experience and professionalism in the field of company establishment, legal consulting and immigration in the Emirates. The company works to assist foreigners in all the necessary steps to establish a successful company and obtain a residence visa legally and smoothly.

By cooperating with Itqan Company, foreigners can benefit from specialized experience and knowledge in the field of company establishment, legal consulting and immigration. The company’s specialized team provides support and advice on all aspects of company establishment, from incorporation procedures to obtaining a residence visa.

In short, establishing a company in the UAE for foreigners requires adherence to the required legal and regulatory procedures. With cooperation with Itqan Company, foreigners can benefit from experience and professionalism in the field of company establishment, legal consulting, and immigration. Do not hesitate to cooperate with Itqan Company to achieve your success in establishing your company in the Emirates and benefit from the investment opportunities available in this wonderful country.

Frequently asked questions about establishing a company in the Emirates for foreigners

What types of companies can foreigners establish in the UAE?

Limited Liability Company (LLC): Most common for business activities.
Free Zone Company: Provides full foreign ownership and tax exemptions.
Branch of a foreign company: Allows foreign companies to establish a branch in the Emirates.

What are free zones and what are their benefits?

Free zones: These are special economic zones that allow full foreign ownership, tax exemptions, and customs facilities.
Benefits: include no taxes on income and profits, freedom to transfer capital and profits, and quick and simple procedures for establishing companies.

What are the basic steps to establish a company in the UAE for foreigners?

Choosing a business: Determine the business activities you want to practice.
Choose the legal form of the company: such as LLC or a company in a free zone.
Determining the trade name: Ensure that the trade name is available and registered with the competent authorities.

What are the documents required to establish a company in the UAE for foreigners?

Copies of passports: for all partners and directors.
Personal photos: of partners and managers.
Memorandum of Association and Articles of Association: for the company.

How long does it take for foreigners to establish a company in the UAE?

Time taken: It depends on the type of activity and the legal form of the company, but it usually takes from a few days to a few weeks.

What are the costs associated with setting up a company in the UAE for foreigners?

Registration and licensing fees: vary based on the type of activity and legal form.
Office or warehouse rental fees: Varies depending on location and space.
Administrative fees: such as translation fees, approvals, and legal services.
Chamber of Commerce registration fees: vary based on the type and size of activity.

Can foreigners fully own companies in the UAE?

Yes, foreigners can fully own companies in free zones.
On the mainland, foreigners can own 100% of a company in certain specific sectors approved by the government.