Establishment of a company in Dubai

Establishing a company in Dubai is an important strategic step for investors and entrepreneurs looking to enter a thriving and growing market. Dubai is a global business center that attracts many companies from around the world thanks to its dynamic economic environment and advanced infrastructure. Cooperation with Itqan Company contributes greatly to facilitating the process of establishing the company, as the company provides integrated services that include legal, administrative and financial consultations. First, determining the type of company and registering it is an essential step, as it requires choosing the appropriate legal structure according to the nature of the business and the company’s objectives. After that, all required legal procedures must be completed, including obtaining the necessary licenses and registering with the competent authorities.

Itqan Company contributes to providing full support during this stage, including providing advice on choosing the best area to establish a company in Dubai , and providing the necessary information about licensing and registration requirements. Moreover, the company helps in preparing the necessary documents and submitting them to the relevant government agencies, which contributes to accelerating the establishment process and reducing bureaucratic procedures. Through its experience and deep knowledge of the Dubai market and company incorporation requirements, Itqan works to ensure the success of incorporation processes, allowing clients to focus on developing their business and maximizing their investments. Partnering with Itqan Company provides you with the experience and resources necessary to achieve your business goals efficiently and effectively, making establishing your company in Dubai a smooth process built on strong foundations.

Basic steps to establish a company in Dubai

Establishing a company in Dubai represents an important strategic step that provides investors and entrepreneurs with the opportunity to benefit from the thriving economic environment in this global city, which is famous for its advanced infrastructure, strategic geographic location, and encouraging government policies. Dubai is a global business and trade hub, making it an ideal destination for establishing companies of all sizes and sectors. In order to achieve success in this dynamic environment, it is necessary to understand the basic steps and legal procedures necessary to properly establish a company. Basic steps to establish a company in Dubai

• Determine the type of business activity: The first step in establishing a company in Dubai is to determine the type of business activity that the company wants to practice. Business activities in Dubai are classified into different categories such as commercial, industrial and professional activities, and investors must choose the appropriate category for their activity.
• Choosing the legal form of the company: Investors must choose the appropriate legal form for their company, which could be a limited liability company, a branch of a foreign company, a partnership, or others. The legal form depends on the type of business activity and the number of shareholders.
• Choosing a trade name: A trade name must be chosen that complies with the standards of the Department of Economic Development in Dubai. The trade name must be unique, not used by other companies, and reflect the type of business activity of the company.
• Obtaining initial approvals: After choosing the trade name, initial approvals must be obtained from the Department of Economic Development and some other competent authorities depending on the type of activity. These approvals are necessary before completing other steps.
• Preparing and submitting the necessary documents: The documents required to establish the company must be prepared, which include passports, personal photos, articles of incorporation, and the company’s articles of association, in addition to the license application form and any other documents required according to the type of activity.
• Identifying a Business Location: Investors have to identify a business location for the company and rent an office or work space. A lease contract certified by the Real Estate Regulatory Authority must be submitted as part of the licensing procedures.
• Obtaining a commercial license: After submitting all documents and obtaining the necessary approvals, the investor can apply to obtain a commercial license from the Department of Economic Development. The license is issued after reviewing and confirming all information and documents.
• Registering the company with government agencies: After obtaining the commercial license, the company must be registered with various government agencies such as the Dubai Chamber of Commerce and Industry and tax authorities, in addition to registering employees and their insurances.
• Opening a bank account for the company: The new company must open a bank account in one of the approved banks in Dubai. The bank account is necessary to facilitate the company’s financial and commercial operations.
• Obtaining residence visas for employees: Companies must obtain residence visas for employees and investors to ensure they are able to work and reside legally in Dubai. This requires submitting some documents and obtaining the necessary approvals from the competent authorities.

Establishing a company in Dubai requires carefully following specific steps to ensure compliance with local laws and regulations. By cooperating with Itqan, investors and entrepreneurs can receive the necessary support at every stage of this process, making it easier for them to overcome challenges and achieve success in Dubai’s distinguished economic environment. Thanks to its facilities and strategic location, Dubai is an ideal destination for establishing businesses and achieving sustainable growth.

Documents required to establish a company in Dubai

Establishing a company in Dubai is a major strategic step that attracts investors and entrepreneurs from all over the world. Dubai enjoys a thriving economic environment and advanced infrastructure, in addition to its strategic geographic location that makes it a global commercial center. To establish a company in Dubai, investors must adhere to several legal and administrative procedures that ensure compliance with local laws. One of the most important of these procedures is submitting the required documents that confirm the identity of the shareholders and company details and ensure the validity and integrity of the incorporation process. Understanding these documents and preparing them accurately contributes greatly to facilitating and accelerating the company establishment process. Documents required to establish a company in Dubai

• Passports: Clear color copies of passports must be provided to all shareholders and directors of the company. Passports must be valid.
• Personal photographs: Recent personal photographs must be provided for all shareholders and directors. Photos must be passport size and have a white background.
• Memorandum of Association and Articles of Association of the Company: The Memorandum of Association and Articles of Association are the main documents that define the legal and administrative structure of the company, and detail the rights and duties of shareholders. These documents are prepared according to the type of activity and the legal form of the company.
• License application form: You must fill out the license application form obtained from the Department of Economic Development in Dubai. This form contains detailed information about the company and its business activity.
• Initial approval: Initial approvals must be obtained from the competent authorities according to the type of commercial activity of the company. These agencies include the Department of Economic Development and some others.
• Headquarters lease contract: A lease contract certified by the Real Estate Regulatory Authority must be submitted for the company’s headquarters. Having a physical headquarters for the company is one of the basic requirements for obtaining a commercial license.
• Proof of Residential Address: Proof of residential address must be provided to all shareholders and directors, which can be a recent utility bill or lease agreement.
• No objection certificate (if applicable): If a shareholder or director is currently working in the UAE, a no objection certificate from his current employer may be required.

Our company’s role in establishing a company in Dubai

Establishing a company in Dubai is a strategic move that opens doors to vast opportunities in a dynamic and thriving market. Cooperating with Itqan Company enhances your chances of success in this field by providing full and professional support at every stage of establishment. Through its extensive experience and deep understanding of the economic and legal environment in Dubai, Itqan ensures that all procedures are facilitated and that challenges you may face are dealt with. Help in choosing the appropriate legal structure, providing the required licenses, and registering the company within the correct legal frameworks are all vital steps that contribute to achieving your business goals efficiently and effectively.

Itqan Company provides integrated consultations that help determine what is most appropriate for the company’s location and type of commercial activities, which enhances your ability to exploit available resources and achieve the best investment returns. Adherence to deadlines and compliance with legal requirements also contributes to avoiding problems and bureaucratic procedures that may delay the incorporation process. In the end, establishing a company in Dubai through Itqan Company is a positive experience that ensures you enter the local and global market with confidence, which contributes to building a strong foundation for your business and successfully expanding the scope of your investments. Itqan Company continues to provide all the support and expertise you need to achieve the desired success, making the establishment process smooth and built on strong foundations that ensure positive and sustainable results.

Frequently asked questions about establishing a company in Dubai