There are some conditions for opening a company in the Emirates because the Emirates is distinguished by its unique location that makes it aware of all investors, as the United Arab Emirates has become a major center managed by many companies and has all the factors that lead to the success of projects and investments in them, as they have a strong transportation network whether Air, land or sea transportation is distinguished by the fact that it is connected to all countries of the world. The UAE is generally characterized by its dependence on oil in the economy, rather than relying on the trade and sale of fish and pearls extracted from the sea, which made it one of the richest countries and its oil is delivered to a specific location among the countries and transported to a specific location under the manufacturing countries of the countries. Many investors resort to it to invest their money in it, as it is one of the countries with all the necessary factors for the success of the project, and it enjoys the appropriate environment and an excellent geographical location, and it is one of the Arab countries with the most foreigners, which helps to increase employment and trade and increase profits for the entrepreneur, but for investing in Dubai Or the United Arab Emirates in general and to start a business, you need to own a company that will serve as the headquarters for you and your company. We will provide you with the conditions for opening a company in the UAE and the necessary steps before starting a business in the UAE and starting a new business.
Conditions for opening a company in the Emirates
Opening a company in the UAE requires following some steps and meeting a set of basic conditions, which may vary slightly based on the type of activity and geographical location of the company. Here are the general conditions:
- Choosing the type of business activity: Determine the type of activity you want to practice, such as trade, services, industry, etc.
- Determine the legal entity: Choose the legal structure of the company such as sole proprietorship, limited liability company, joint stock company, etc.
- Choosing a trade name: The trade name must be unique, not used by another company, and comply with applicable terms and laws.
- Company registration: Submit an application to register the company with the competent government authorities, such as the Department of Economic Development in the relevant emirate.
- Obtaining approvals: Some activities require additional approvals from the relevant government agencies.
- Preparing the Memorandum of Association and Articles of Association: Preparing the necessary legal documents such as the Memorandum of Association and Articles of Association of the company.
- Determine the location of the business: The company must have a physical address in the Emirates, and this can be in a free zone or within the city.
- Obtaining a commercial license : Submit an application for a commercial license and pay the required fees.
- Opening a bank account: Opening a commercial bank account in the name of the company in one of the approved banks in the Emirates.
- Obtaining employee visas: If you need employees, you must apply for work visas for them.
- Commitment to taxes and fees: Commitment to pay government fees and applicable taxes (such as value-added tax).
These conditions are considered the general framework for establishing a company in the Emirates. Some details can vary depending on the emirate in which you wish to establish your company or the type of activity you will undertake. It is recommended to cooperate with a company specialized in providing company establishment services, such as Itqan Company, to facilitate procedures and ensure full compliance with laws and regulations.
Advantages of opening a company in the UAE
Opening a company in the UAE comes with many features and benefits that make it an attractive destination for businessmen and investors. Among these features:
- Strategic location: The UAE is located in a strategic geographical location linking the East and the West, which facilitates access to global markets.
- Advanced business environment: The UAE provides an advanced business environment that supports innovation and technology, with modern infrastructure and an advanced communications network.
- Tax exemptions: In many free zones, investors can benefit from partial or complete tax exemptions on income and profits for specified periods of time.
- Full foreign ownership: In free zones, foreigners can fully own the company without the need for a local partner.
- Ease of procedures: The UAE provides quick and simple procedures for establishing companies, with significant government support to facilitate business.
- Advanced Infrastructure: The country provides advanced infrastructure that includes world-class airports and ports, a modern road network, and advanced logistical services.
- Diversity of economic activities: The UAE allows investors to choose from a wide range of economic activities in which they can invest.
- Safety and stability: The UAE enjoys a stable political and social environment, making it a safe place to invest and live.
- Thriving Market: The presence of an active and diverse local market provides great opportunities for growth and expansion in various economic sectors.
- Availability of competencies: Availability of skilled and qualified workers in various fields, in addition to a multicultural work environment.
- International Trade Agreements: The UAE has trade agreements with many countries and international organizations, facilitating access to global markets.
- Business support services: The state provides a range of business support services such as business centers, incubators, and consulting companies.
Opening a company in the UAE while utilizing the services of Itqan Company can increase the chances of success and ensure compliance with all laws and regulations, in addition to benefiting from local experience and deep knowledge of the market.
Types of companies in the Emirates
In the UAE, there are several types of companies that can be established, these are some of the main types with brief details:
| Company type | a description |
|---|---|
| Sole proprietorship | It is managed by one person who is responsible for all work and responsibilities. |
| Limited liability company | Shareholders are liable for the company’s debts only to the extent of their contributions. |
| Public joint stock company | The public can buy shares and trade them publicly, and shareholders have limited liability. |
| Private joint stock company | Its contributions are limited, not publicly tradeable, and a limited group of people participate. |
| Company in a free complex | It operates within a free zone and enjoys privileges such as tax exemptions and flexible operating rules. |
These are just the basic types, and details and requirements vary between the emirates and for each type of company.
Investing in the Emirates
Due to the excellent location of the United Arab Emirates and many other features that have made it one of the most popular countries that many people and businessmen resort to, the United Arab Emirates has become one of the most prominent countries in which investing is one of the most successful steps a person can take. Investing in the United Arab Emirates is due to the fact that its owner has a lot of benefits and profits, and with the patience of a person he has a significant transformation in his standard of living, as the United Arab Emirates is one of the countries with the largest number of people and foreigners, which helps to increase work and trade. With him, but to do business in the United Arab Emirates the United Arab Emirates several steps must be taken, including starting a business. Starting a business in the UAE must take several important steps. Our company allows you to own a business in the UAE without taking care of you, as the company works at the convenience of its customers wanting to help them achieve their goal. Therefore, if you want to own a business in the UAE, all you have to do is use our company to create and operate companies, and the company takes care of the process of implementing all the necessary steps and procedures and providing the company with completing all procedures and obtaining a commercial license.
Requirements for starting any activity in the Emirates
In order to be able to start any activity in the Emirates, you must take several steps:
- Determine the field you want to work in, conduct a feasibility study for it, and plan for it before starting it, because setting the goal is one of the most important factors for the success of any project.
- Consult economic experts in the project and field that you have chosen, as they are experienced and know the extent of the project’s success, so it is necessary to discuss it with an expert in economics.
- Choose a suitable place for your company, which you will establish to serve as your workplace later. You can seek help from one of the companies responsible for establishing companies, and they will help you establish your company with ease.
- The presence of a specialized and experienced work team that you can deal with and who will be the main face of the company. The work team members must be selected on certain grounds.
- Work on completing some of the required procedures and papers for establishing companies.
- Obtaining a commercial license.
- Develop some alternative plans and ideas for use in the event of any problem at work.
Companies in the free zone
In the United Arab Emirates, there is an area called a free trade zone that is located in a specific geographical location where goods are handled, stored, stored, imported and exported. It is possible for everyone to have a company in the free zones in the UAE, as it is much easier to start a business in the free zones than to open a business. Within the United Arab Emirates for many reasons, including:
- Free zone companies are not subject to any of the laws established by the competent authorities in the United Arab Emirates.
- Complete tax exemption for all products.
- There are no definitions for goods.
- It is possible for a free zone company to be a subsidiary of a parent company based outside the UAE.
- The company owner does not have to be from the United Arab Emirates or a partner with Emirati citizenship, and he does not need a sponsor.
Since the presence of companies in the free zone is one of the things that also brings the greatest profit, our company helps all entrepreneurs and investors own the best companies in the best locations in the free zone so that the company starts its business in the free zone, all you need to contact us get a lot of our services .
If you are considering opening a company in the UAE , this decision may be an important strategic step towards achieving your business and financial goals. The UAE provides an advanced and diverse investment environment, where you can choose from several types of companies and different free zones that meet your business needs. No matter what type of company you choose, there is always support available from organizations like Atqan to help with all stages of setting up a company, from registering the company to obtaining the necessary business licenses. In short, the UAE is one of the most attractive business destinations in the region, thanks to its modern legal environment, government facilities, and advanced infrastructure. If you are looking for an opportunity to achieve sustainable success in the business world, opening a company in the UAE may be the perfect choice for you.
Frequently asked questions about opening a company in the UAE
Do I need to have a local partner to open a company in the UAE?
No, foreigners can establish a company with 100% foreign ownership in the free zones and designated areas of the UAE. However, in some cases, such as areas outside free zones, a 51% national partner is required.
What are free zones and what are their benefits?
Free zones are areas that provide facilities such as complete or partial tax exemptions, easy customs policies, and facilitation of practical rules such as no delays at customs. It allows companies to access the Gulf region market easily.
How much does it cost to open a company in the UAE?
Company start-up costs vary based on the type of company, geographic location, and services required. These costs can include company registration, licenses, and administrative fees.
How can I get more help setting up a company in the UAE?
You can get help from consulting companies like Atqan that provide comprehensive services from strategic corporate planning, establishing companies, obtaining the necessary licenses, and more.
