Conditions for opening a company in the Emirates: Opening a company in the United Arab Emirates has become an attractive option for many entrepreneurs and companies aspiring to expand their business regionally and globally. In this context, cooperation with Itqan Company, one of the leading companies in the field of consulting and integrated services in the Emirates, may provide a smooth and efficient path to meet the requirements of opening a company.
First, companies interested in investing in the UAE must determine the type of business activity they wish to engage in, whether in the free zone or in the local area. This option will directly impact the requirements for necessary licenses and approvals. The host company, Itqan Company, will also play a vital role in providing the necessary legal and regulatory advice to ensure full compliance with applicable laws and regulations.
In addition, the conditions for opening a company in the Emirates: Itqan Company will assist new companies in choosing the appropriate location, whether in the free zones or in the local areas, in addition to facilitating the process of obtaining the necessary licenses and approvals from the competent authorities. Itqan will also provide human resources management, financial and tax services, helping new companies focus on their growth and business development.
Therefore, by utilizing the expertise of Itqan Company, companies will be able to meet all the legal and regulatory requirements necessary to open their businesses in the UAE easily and efficiently, thus enhancing their chances of success in the local and regional market.
Basic conditions for establishing a company in the UAE
The United Arab Emirates is considered one of the most prominent investment destinations in the world, offering a favorable business environment and great facilities for establishing companies. Opening a company in the UAE can open new horizons for growth and expansion at the regional and global levels. However, there are a set of basic conditions that must be adhered to in order to create a successful company in this promising market. Basic conditions for establishing a company in the UAE :
- Choosing the legal form of the company: Investors can choose to establish as a limited liability company (LLC), public joint stock company (PJSC), or other available legal forms, depending on the nature of the activity and the desired goals.
- Determine the required capital: The minimum capital required for different companies varies according to the legal form and business activity.
- Choice of location and region: Companies can establish in free zones or local areas in the UAE, each of which has its own requirements regarding licenses and permitted activities.
- Obtaining the necessary licenses: Establishing a company requires obtaining a set of licenses and approvals from the competent government authorities, such as a commercial activities license and industrial or professional licenses.
- Completing the registration and establishment procedures: After fulfilling the previous requirements, the official registration and establishment procedures for the company must be completed with the relevant authorities.
Collaborating with a reliable consulting company like Itqan will be a crucial support in fulfilling all these requirements smoothly and efficiently, helping to establish a successful company in the UAE.
Types of companies that can be established in the UAE
The United Arab Emirates provides a favorable and attractive business environment for companies and investors from around the world. Corporate laws in the UAE allow the formation of a variety of legal entities to meet the needs of founders and investors. Companies and individuals can choose the most appropriate legal form for their business from several options available. Types of companies in the UAE:
- Limited Liability Companies (LLC): This is the most common form of company in the UAE. It is established between two or more shareholders, and the minimum capital required varies depending on the emirate.
- Public Joint Stock Companies (PJSC): These are companies listed on the financial market, in whose shares the public can invest. These companies need a larger number of shareholders and minimum capital.
- Sole proprietorships: These are companies wholly owned by one person, and are a popular choice for small and medium enterprises.
- Partnerships: These are agreements between two or more parties to operate a business together. It takes different forms, such as a general partnership or a limited partnership.
- Free Zones: Free zones in the UAE provide a distinctive business environment for foreign companies, with attractive tax and regulatory incentives.
These are some of the main options for businesses that can be established in the UAE. Founders should study the requirements and characteristics of each legal form to choose the most appropriate one for their business.
Documents required to establish a company in the UAE
To establish a company in the United Arab Emirates in cooperation with Itqan Company, the required documents include:
Company information:
- Proposed company name
- Legal form of the company (LLC, PJSC, sole proprietorship, etc.)
- The type of company activity and a detailed description of its business
- Address of the main office and branches (if any)
- The proposed capital of the company
Founders/Partners Information:
- Full name and nationality of each founder/partner
- The ownership percentage of each founder/partner in the company
- Copies of passports or ID cards of founders/partners
Legal documents:
- The company’s articles of incorporation are signed by the founders/partners
- Company incorporation application form
- Approval of the competent authorities on the proposed company name
- Certificate of good reputation for founders/partners
Financial information:
- Proof of depositing the required capital into a bank account
- A detailed business plan for the company
Other documents:
- Personal photos of founders/partners
- Copies of professional licenses (if applicable)
These are the most important documents required to establish a company in the Emirates in cooperation with Itqan Company. These documents must be submitted to the relevant authorities to complete the incorporation process.
Steps to obtain a commercial license in the UAE
Steps to obtain a commercial license in the UAE
The United Arab Emirates is considered an attractive business environment for companies and investors from all over the world, as it provides advanced infrastructure, a supportive regulatory environment, and attractive economic incentives. Obtaining a commercial license is the first and essential step to start practicing business activity in the Emirates. Here are the main steps to obtain a commercial license: Steps:
- Choose the location and emirate: Choose the appropriate location to conduct your business activity and check the license requirements in the chosen emirate.
- Determine the legal form of the company: Decide whether you will establish a limited liability company (LLC), a public joint stock company (PJSC), a sole proprietorship, or another legal form.
- Choosing a business name: Choose an available business name that is appropriate for your business, while adhering to local rules and guidelines.
- Obtaining the necessary approvals: Apply to obtain initial approvals from the competent authorities, such as the region’s municipality and free zones (if the headquarters is in a free zone).
- Establishing the company and obtaining capital: Complete the procedures for establishing the company, including depositing the required capital.
- Obtaining a commercial license: Submit an application to obtain a commercial license to the competent authority (such as the Department of Economic Development) in the chosen emirate.
- Complete additional requirements: Complete any additional requirements such as obtaining licenses specific to the type of activity or insurance.
- License Renewal: Remember to renew your business license annually to maintain the continuity of your business in the UAE.
These are the main steps to obtain a business license in the UAE. Make sure to check the exact details and requirements in the emirate you choose to conduct your business.
Learn about the conditions for opening a company in the UAE
In conclusion, establishing a company in the UAE is an important step for investors and entrepreneurs aspiring to expand their business activities in this country that offers many advantages and incentives for business. With Itqan as a trusted partner, founders can benefit from its extensive experience in helping meet all legal and regulatory requirements necessary to successfully establish their company.
First, founders must determine the appropriate legal form for their company, whether it is a limited liability company, a public joint stock company, or other available options, according to the nature and scope of their business. Hence, a commercial license must be obtained from the relevant authorities in the emirate chosen for the company’s location, and the required documents and information must be submitted, including a copy of the passport and proof of residence for the partners.
Itqan plays a pivotal role in this process, providing comprehensive legal and administrative advice and assisting in completing all official procedures efficiently and quickly. The company also assists in completing licensing requirements, opening bank accounts, and providing accounting, payroll and human resources services when needed.
In cooperation with Itqan, the founders will be able to overcome bureaucratic and regulatory challenges, and focus on developing their business and growing in the promising UAE market. Thanks to the expertise and resources that Itqan provides, investors will have the full support they need to establish a successful company in the UAE.
