Procedures for opening a company in Dubai

Learn about the procedures for opening a company in Dubai, because the recent opening of a company in Dubai has become one of the simplest activities compared to the past. The economic conditions in Dubai have completely changed since ever before. The Dubai Department of Economy works for entrepreneurs and business owners and helps them grow and expand their work. This aims to develop Dubai’s economy, which can bring many benefits to the entire country and boost the economy. The increase in companies increases job opportunities and commercial activity. This will increase the economy and rise in living standards, but starting a business in Dubai must create a company that will serve as the headquarters for this job, and the process of starting and starting a business is not one of the things that a person can do alone, but he needs more experience. It is preferable to use a specialized company such as Itqan Company. This is why our company is working to establish business in Dubai, both within and in free trade zones. We will review all the details of the procedures for opening a company in Dubai through this comprehensive and detailed article.

Economy in Dubai

A country’s economy decides whether a country contributes to the success of its investment projects or not, because every country, when its economy is high, has many foreigners and visitors who help trade flourish, and Dubai’s economy has made it one of the most visited countries for investors. Its economy was previously dependent on trade until oil flourished and was discovered and the whole country relied on oil until it became one of the richest Arab countries and they all went there to build commercial projects and many other investment projects. Dubai’s economy has become one of the most important factors in the success of investing in Dubai , but it is necessary to start a business so that every investor can implement any project in Dubai. This is what helps our company to start business and complete all its documents to help its clients.

Costs of opening a company in Dubai

The costs of establishing a company in Dubai vary depending on the type of company, location, and services required. In general, the main costs include:

1. Government fees : include registration, licensing and visa fees. It can vary depending on the type of company, whether it is an LLC or a branch of a foreign company.
2. Commercial license fees : vary according to the commercial activity and field in which the company will operate.
3. Office rent : depends on the office location and size. Rental costs can be higher in central areas such as Dubai Marina or Downtown.
4. Financing and insurance : includes employment insurance and health insurance for employees.
5. Legal costs : These include the costs of licenses and legal agreements, which may require the services of a lawyer.
6. Consulting services : You may need consulting services to complete the incorporation procedures.
7. Additional fees : such as visa fees, costs of opening a company bank account, and costs of translation and authentication of documents.

You can get a more accurate estimate by consulting companies that specialize in company establishment services, such as “Itqan”.

Procedures for opening a company in Dubai

Opening a company in Dubai requires following a set of basic procedures, which can vary based on the type of company and the free zone or commercial zone you choose. In general, basic procedures include:

1. Choose the type of company and commercial activity :
   • Select the type of company (such as a limited liability company, a branch of a foreign company, or a company in a free zone).
   • Choose the business you want to practice.
2. Choosing a company name : Choose a name for the company that complies with local laws, and go to the Department of Economic Development or the competent authority to register the name.
3. Prepare the required documents : Prepare documents such as passports, personal identification, photos of partners or shareholders, and details about the business activity.
4. Determine the location of the company : Choose the office location or the place where you will establish the company. It can be in a free zone or in a commercial area.
5. Submit an application to obtain a commercial license : Submit your application to obtain a commercial license from the Department of Economic Development or the entity responsible for licensing in the region of your choice.
6. Preparing the articles of incorporation : Prepare and document the company’s articles of incorporation, which includes details about shareholders and ownership percentages.
7. Registering the company and obtaining a license : Submit all required documents and pay the fees to obtain a commercial license.
8. Open a bank account : Open a business bank account in the name of the company.
9. Secure work and residence visas : If you plan to hire employees, make sure to obtain work and residence visas for them.
10. Completion of legal formalities : If you have a local partner (in the case of non-freelance companies), make sure that all legal formalities related to the partnership are completed.
11. Obtaining additional licenses : Some commercial activities may require additional licenses or special permits.

You can seek the help of a specialized consulting company such as “Itqan” to facilitate these procedures and provide advice during the incorporation process.

Establishing a company in the free zone in Dubai

There are some free zones in the UAE called free zones where sales, import and export allow many projects. These areas in the United Arab Emirates include about 40 areas, in addition to some new areas that are being opened and equipped, and many investors are investing. Their money is in the free trade zones because they have many advantages over any area in Dubai because፦

Opening a business in free zones is much easier than in any other region, because it does not require a partner or sponsor with nationality, and the company’s property may be 100% foreign.

– Taxes exempted from goods in free zones.

– No customs duties apply to goods in the free zone.

The company may be affiliated with a large institution outside the country. All these benefits were one of the factors that prompted many people to invest their money in the United Arab Emirates, especially in the free zones, and try to establish businesses there to increase their profits.

The importance of opening a company in Dubai

Opening a company in Dubai holds great importance for entrepreneurs and investors, and this comes for several main reasons:

1. Advanced commercial environment : Dubai is considered a global commercial center, offering an advanced and organized business environment that contributes to achieving success and growth for companies.
2. Tax and customs incentives : Dubai provides attractive tax incentives such as exemption from personal income tax, in addition to free zones that provide customs exemptions.
3. Easy access to international markets : Dubai’s strategic location makes it a gateway to the markets of the Middle East, Asia and Africa, facilitating export and import operations.
4. Advanced infrastructure : Dubai has a modern infrastructure that includes ports, airports, and means of transportation, which enhances the efficiency of business operations.
5. Diverse investment opportunities : Dubai offers wide opportunities in various sectors such as technology, finance, tourism, and real estate, providing diverse options for investors.
6. Government support and business consultations : The government in Dubai provides significant support to companies through advisory services, facilitating establishment procedures, and providing platforms for communication with major companies.
7. High-quality life and living : Dubai provides a high standard of living, including excellent health and education services, making it an attractive destination for employees and families.
8. Cultural diversity and an international community : Dubai is considered an international, multicultural society, providing a diverse environment that encourages innovation and cultural exchange. Establishing a company in Dubai can be an important strategic step towards achieving business goals at both the regional and international levels.

Itqan Company for establishing companies and business services

There are many companies that work on establishing companies, but our company Itqan is considered the leading company that works on establishing companies and serving businessmen, as the company seeks to achieve comfort for its customers and save them time and effort. Therefore, it establishes the companies that any investor needs to start any commercial business in the Emirates. It completes all the required procedures, including commercial licenses, paying fees, and completing procedures from the required authorities, as the company seeks to help everyone in any way possible. Therefore, the company helps you own a company with all the specifications you want and the luxuries it contains so that it becomes suitable for the work that you will start and our company operates. It also saves money, effort and time for businessmen, so if you decide to start investing in Dubai, you will find only our company to help you start your project, and everything is done by experts and specialists in all fields, so that the company helps you get everything you want very quickly and at the lowest possible cost. The company seeks to serve more than to collect money.

At the conclusion of our article on the procedures for opening a company in Dubai , we find that establishing a company in this city represents a golden opportunity for investors and entrepreneurs. Dubai provides an ideal business environment with advanced infrastructure, tax incentives, and a strategic location that makes it a gateway to global markets. Following the correct procedures to ensure compliance with local laws, and achieving sustainable success, begins with choosing the appropriate type of company and submitting the necessary documents. Each of these steps contributes to securing the legal and commercial foundations that companies need to start strong.

Frequently asked questions about opening a company in Dubai