Is it possible to establish a company in Dubai by proxy?

Some people wonder whether it is possible to establish a company in Dubai by proxy, because the UAE government plays a prominent role and makes many efforts, which in turn helps in creating a system for investors searching for how to establish a company in Dubai, through initiatives, incubators, and the provision of funds and grants. The strategic location of Dubai also plays a role. A role in attracting entrepreneurs and providing them with the necessary grants and financing through investors.

Establishing a company in Dubai requires many procedures and licenses stipulated by the Department of Economic Development and other concerned authorities. With the start of implementing the new procedures related to issuing a power of attorney remotely in the Emirate of Dubai, after it was necessary for the client to appear in person before a notary public to prove his identity and his desire to issue Power of Attorney: We present to you this brief article to explain the steps you must follow to issue a power of attorney.

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Is it possible to establish a company in Dubai by proxy?

In Dubai, companies can be established in Dubai by proxy, and this refers to the possibility of appointing a local agent who will manage and represent the company before government agencies and commercial institutions. This type of establishment is common among foreign companies that want to enter the UAE market and work in it, without the need to permanently move to reside in the UAE. The basic steps for establishing an agency company in Dubai include:

Choosing a local agent: The agent must be a UAE national or a company wholly owned by UAE nationals.
Preparing the agency agreement: An agency contract must be prepared that stipulates the agent’s powers and the mutual obligations between the company and the agent.
Company Registration: An application for company registration must be submitted to the competent authorities in Dubai, in accordance with the specified procedures and conditions.
Government Approvals: Some designated activities may require special approvals from relevant government agencies, such as financial, health, or municipal authorities.
Obtaining the necessary licenses: Some commercial activities may require additional licenses of their own, such as environmental licenses or security and safety licenses.

Establishing an agency company in Dubai provides flexibility for foreign companies in managing their operations and properties in the UAE, while adhering to local laws and regulations. It is always important to obtain specialist local legal advice before beginning this process to ensure full compliance with local laws and procedures.

What is meant by power of attorney?

A power of attorney is the process of authorizing another person (the agent) to act on your behalf on specific matters or in the management of certain affairs. In other words, a power of attorney is a commercial agreement under which another person is given powers to act on your behalf and on behalf of your interests.

When a person is given a power of attorney, he or she can be authorized to carry out a variety of activities or tasks on behalf of the person or company that granted him or her the power of attorney. These powers shall be sufficiently specified in the agency agreement, and the agent must be approved and authorized under local laws.

In a commercial context, a power of attorney is an important mechanism for foreign companies or individuals who wish to establish or expand their business in a country without having to have a permanent presence there. For example, in Dubai, foreign companies can establish proxy companies, where a local agent is appointed to manage local affairs and represent the company’s interests before the relevant authorities, customers and suppliers.

The difference between the two types of private and public agency

This is the difference between the two types of private and public power of attorney, but here comes a frequently asked question: Who can benefit from the online power of attorney issuance service?

In general, people who want to issue a power of attorney in Dubai are often people who are not personally present in the country to carry out some transaction, for example renting, selling or purchasing a property, managing a certain business, opening or closing a bank account, or selling A car, obtaining money under a labor or civil court order, criminal records check, etc.

Whatever the transaction, these people are looking to authorize a person or company physically located within the country to act on their behalf. As much as it seems that it is difficult to do this process from outside the country due to the long procedures and the cost of documentation, translation and attestation compared to doing it from within Dubai, it has now become possible for anyone around the world to benefit from the online power of attorney issuance service.

In this regard, Dubai was one of the leading countries in the world to facilitate matters for foreign investors so that things go on the right track as much as possible in order to save time and effort.

Establishing companies in Dubai

As for establishing companies in Dubai, there are some procedures that must be taken in order to establish a company in Dubai, whether in one of the free zones or in Dubai itself. The steps for establishing a company in Dubai include many points, papers and documents that we will present to you in the following points:

Choosing the type of company: You must first decide what type of company suits your business, such as a limited liability company, a sole proprietorship, a public or private joint-stock company, or an individual company of different types.
Choosing a company name: You must choose a unique name for the company and ensure that it complies with local regulations and laws. The availability of the name can be checked and registered through relevant websites such as the Dubai Business Portal.
Determining the location of the company: The company’s office must be located in a free zone or in one of the approved commercial areas in Dubai. Some activities may require additional consultation from local authorities.
Obtaining the necessary licenses: You must obtain the necessary government licenses to practice the chosen business activity, such as commercial licenses, building permits (if necessary), and any professional licenses specific to the activity.
Submitting an application for registration: You must submit a company registration application to the Dubai Economic Development Department (DED) or to the Production and Trade Authority in certain free zones if you choose to reside there.
Preparation of legal documents: Legal documents such as the Memorandum of Association and Articles of Association of the company must be prepared and signed by the founders or authorized agents.
Payment of fees: Applicable fees are paid for registering the company and obtaining the necessary licenses.
Issuing a commercial license: After approving the application and paying the fees, the final commercial license is issued, which allows the company to practice its commercial activity in Dubai.
Opening a bank account: A bank account can be opened for the company to manage financial and financial transactions related to the company.

All these steps must be done in accordance with the local laws and regulations in Dubai, and it is always advisable to cooperate with a local legal advisor such as Itqan Company, which specializes in company formation in Dubai, to ensure full and proper compliance with the procedures.

The importance of establishing companies in Dubai

Establishing companies in Dubai carries many benefits and importance that make it a preferred destination for international and local businesses. Here are some reasons why it is important to establish a company in Dubai:

Dubai enjoys a stable and favorable business environment that supports trade and investment, making it one of the best locations for establishing companies in the Middle East.
Dubai is strategically located on the global trade route, facilitating access to emerging markets in Asia, Africa and Europe.
Dubai has advanced infrastructure and modern facilities that support business and investments, including ports, airports, roads and communications.
Dubai provides flexible legislation and modern commercial laws that allow companies to be managed and operated efficiently, while providing a legal framework that protects the rights of investors and regulates commercial relations.
Dubai is a gateway to the markets of the Arabian Gulf and the Middle East, in addition to easy access to other global markets through the advanced air and sea network.
The Dubai government offers a range of facilities and support to companies, such as low tax facilities and simple procedures for establishing and operating companies.
Dubai has great economic diversity, where companies from different sectors can find opportunities and challenges that fit their strategic plans.
Dubai has a qualified, multinational workforce, in addition to global educational and training institutions that provide the necessary competencies for companies.

In addition, Dubai provides integrated services that support companies in all aspects of their business, making it an ideal choice for investors and businessmen seeking to expand their business and increase their opportunities in the global market.

In conclusion, establishing a company in Dubai through an agency is an attractive option for many international entrepreneurs and investors. This model provides flexibility and ease in establishing a company without the need for personal residency in the Emirates. However, it requires a lot of planning and close coordination with the authorized agent to ensure that all regulatory and administrative requirements are met. The investor must also focus on choosing a reliable agent known for his good reputation to ensure the success of the establishment process and maintain the continuity and effectiveness of the company’s business in Dubai in the long term. Ultimately, establishing an agency provides a great opportunity to enter the UAE market in a quick and smooth manner.

Frequently asked questions about establishing a company in Dubai by proxy

What are the requirements for establishing a company in Dubai through an agency?

The main requirements are choosing the appropriate agent, specifying the company’s activity, and submitting basic documents such as a passport and personal data.

What are the main advantages of proxy incorporation compared to direct incorporation?

The main advantages are avoiding UAE residency requirements, speed and ease of the process, and the experience and support provided by the agent.

What are the basic steps in the proxy incorporation process?

The steps include choosing an agent, determining the company’s activity, submitting documents, obtaining the necessary approvals, and completing the registration and licensing process.