Establishing a company in Dubai

Establishing a company in Dubai. Dubai is one of the most prominent global destinations for business and investment, as it is characterized by advanced infrastructure, encouraging economic policies, and a dynamic commercial environment. Establishing a company in Dubai is a strategic step towards taking advantage of the vast business opportunities and rapid economic growth witnessed by the emirate. Dubai is a major financial and commercial center in the Middle East, providing an ideal environment for companies of different sizes and sectors to achieve success and prosperity. One of the most important advantages that make Dubai a preferred destination for establishing companies is its easy legal and tax system, in addition to government facilities aimed at attracting foreign investments and enhancing the business environment.

Itqan Company, with its extensive experience in the field of business establishment and development, provides an integrated and comprehensive solution to help entrepreneurs and investors establish their companies in Dubai easily and efficiently. By cooperating with Itqan Company, investors can benefit from the deep knowledge and practical experience that the company possesses in the legal and administrative procedures associated with establishing companies. Itqan provides customized consulting services starting from choosing the appropriate legal structure for the company, through registration procedures and obtaining the necessary licenses, all the way to providing continuous support after establishment to ensure business continuity and success.

Itqan understands the challenges that entrepreneurs may face when establishing a new company, and therefore devotes its efforts to providing innovative solutions and high-quality services that ensure the efficient achievement of business goals. The company allows its clients to focus on developing and expanding their businesses, while it handles all the administrative and legal details. Choosing Dubai as a location to establish a new company opens up wide horizons of opportunities for investors, whether in the local or regional market, and enhances their ability to access a wide network of clients and business partners.

In short, establishing a company in Dubai in cooperation with Itqan represents a strategic step towards success in the global business environment. With the professional support and expertise provided by Itqan, entrepreneurs and investors can achieve their ambitions and build successful and sustainable companies that contribute to strengthening the local and international economy.

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Types of business licenses available in Dubai

Dubai is considered one of the most vibrant economic destinations in the world, attracting thousands of entrepreneurs and investors annually thanks to its encouraging investment environment and advanced infrastructure. Establishing a business in Dubai requires obtaining an appropriate business license, which ensures compliance with local laws and regulations and allows businesses to operate legally. The types of commercial licenses available in Dubai vary depending on the nature of the business activity, allowing business owners to choose the license that best suits their activity. Here’s a look at the types of business licenses available in Dubai:

Commercial license: This type of license is suitable for companies that deal in commercial activities such as wholesale and retail sales, export and import, distribution, and commercial agencies. Commercial licensing includes activities that require the sale and purchase of products and services.
Industrial License: An industrial license is granted to companies operating in the field of manufacturing and production. This type of license requires compliance with environmental and safety standards, and includes activities related to the production and distribution of goods and products.
Professional licensing: Professional licensing is considered appropriate for individuals and companies that provide professional and consulting services, such as legal, engineering, management consulting, and accounting services. This type of license is based on academic qualifications and professional experience.
Tourism license: A tourism license is granted to companies operating in the tourism and hospitality sector, such as travel and tourism companies, hotels, resorts, and tour organizing agencies. This license requires compliance with the requirements of the Department of Tourism and Commerce Marketing in Dubai.
Free Zone License: This type of license is suitable for companies that want to take advantage of the unique advantages of free zones in Dubai, such as full foreign ownership, tax exemptions, and export and import facilities. Free zone licenses are available in areas such as Jebel Ali, Dubai South, and Dubai Internet City.
Agricultural License: An agricultural license is granted to companies engaged in agricultural activities, including agriculture, animal husbandry, and manufacturing of agricultural food products. This license requires compliance with the standards of the UAE Ministry of Environment and Water.
Marine License: This type of license is intended for companies engaged in maritime and navigation activities, such as port operation, maritime transportation, and sea-related logistics services. The marine license requires compliance with the requirements of the competent maritime authorities.

Choosing the appropriate type of commercial license depends on the nature of the company’s activity and goals. Dubai offers a flexible and business-friendly environment, allowing business owners to choose from a variety of licenses that meet their needs and help them achieve success and prosperity.

Documents required to establish a company in Dubai

Dubai is one of the most prominent global destinations for establishing companies, thanks to its distinguished investment environment and encouraging government policies that support economic growth. Establishing a company in Dubai requires compliance with a range of legal and administrative procedures to ensure the legal and smooth operation of the business. Understanding the documents required to establish a company in Dubai provides the foundation for achieving this goal. Here are the documents needed to start your company in Dubai:

Copy of Passport: A clear copy of the passport must be provided to both shareholders and directors of the company. This copy is necessary to verify identity and register names in official records.
Personal photo: A recent personal photo is required for both shareholders and directors, conforming to government standards regarding official photos.
Copy of Emirates ID: If one of the shareholders or directors is resident in the UAE, a copy of the Emirates ID must be submitted.
No Objection Certificate (NOC): If a shareholder or director is an employee of another entity in the UAE, he may be required to submit a NOC from his current employer allowing him to establish the new company.
Business Plan: The business plan is detailed that explains the type of business activity, the company’s goals, and future growth plans. This plan is essential for obtaining a business license.
Memorandum of Association and Articles of Association: The Memorandum of Association and Articles of Association include details of the company’s structure, the rights and duties of shareholders, the objectives of the company, and the distribution of profits and losses.
Company headquarters lease contract: A documented lease contract must be submitted for the commercial headquarters in which the company will operate. The lease contract must be certified by the competent authorities in Dubai.
License Application Form: A completely and accurately completed business license application form is required, which includes details of the proposed business activity and information of shareholders and directors.
Proof of Address: Provide proof of address to both shareholders and directors, such as a utility bill or lease.
Certificate of good standing: A certificate of good standing may be requested from some shareholders, especially if the business requires a high level of trust and honesty.
Capital Certificate: Providing proof of the existence of the capital necessary to establish the company, which may include depositing a certain amount in an approved bank account.

Establishing a company in Dubai requires good planning and advance preparation to provide all necessary documents. Commitment to submitting these documents correctly and in a timely manner ensures that the incorporation process runs smoothly and effectively. Itqan Company provides professional support in all steps of establishing companies in Dubai, ensuring full compliance with local laws and accelerating procedures, to make the most of the thriving business environment in the emirate.

Our company’s role in establishing a company in Dubai

Establishing a company in Dubai in cooperation with Itqan Company represents a strategic step towards achieving success in the thriving business world in the emirate. Dubai provides a favorable business environment, combining advanced infrastructure and supportive government policies, making it an ideal investment destination. Thanks to cooperation with Itqan Company, entrepreneurs and investors can overcome the challenges they may face in the establishment process, as the company provides the necessary support and precise guidance to ensure that the process runs smoothly.

Itqan Company has extensive experience and deep knowledge in various aspects of establishing companies, which enables it to provide integrated solutions that meet customer needs. By handling all legal and administrative procedures, Itqan allows business owners to focus on developing their strategies and growing their companies. This partnership gives investors confidence that all steps have been done in accordance with the required legal standards, ensuring full compliance and reducing potential risks.

With advanced infrastructure and a thriving economy, Dubai offers tremendous opportunities for businesses of all sizes and sectors. Benefiting from Itqan Company’s services means obtaining professional and customized guidance that ensures making the most of the available opportunities. Whether an investor is looking to establish a company in a free zone or on the mainland, Itqan provides full support to ensure the most appropriate structure is chosen and full compliance with all requirements is achieved.

In conclusion, cooperation with Itqan Company in establishing a company in Dubai represents a smart investment for sustainable success. Through this collaboration, entrepreneurs and investors can bypass bureaucratic complexities and benefit from knowledge and practical experience to achieve their business goals. Dubai, with its strategic location and supportive environment, opens wide doors of opportunities, and Itqan is the ideal partner to help companies make the most of these opportunities. Establishing a company in Dubai is not just a business move, it is the beginning of a journey towards success and prosperity in one of the most dynamic and advanced cities in the world.

Frequently asked questions about setting up a company in Dubai

What types of business licenses are available in Dubai?

There are several types of business licenses in Dubai, including commercial licenses, industrial licenses, professional licenses, and tourism licenses. The type of license required depends on the nature of the business you wish to engage in.

What are the free zones in Dubai and what are their benefits?

Dubai includes several free zones such as Jebel Ali, Dubai South, Dubai Internet, and Dubai Healthcare City. One of the benefits of free zones is providing complete foreign ownership of the company, complete tax exemption, and the possibility of completely transferring profits abroad.

What are the costs of establishing a company in Dubai?

Costs vary based on license type, company location, and services required. Costs typically include licensing fees, visa fees, lease fees, and document preparation costs.

Can foreigners fully own a company in Dubai?

Yes, foreigners can fully own a company in free zones. In non-free zones, a local partner who owns 51% of the company is required, unless the business activity is among the activities that allow full foreign ownership under the Foreign Direct Investment Law.