Requirements for establishing a company in Dubai

Establishing a company in Dubai requires a precise understanding of the required legal and administrative steps and requirements, starting with choosing the appropriate type of company for the planned business activity, all the way to registration procedures and obtaining the necessary licenses from the relevant authorities. Engaging with specialized advisory services is essential to ensure compliance with all legal and financial procedures, which contributes to securing a successful and stable start for your business in Dubai.

In addition to the legal aspects, investors must be aware of the costs involved in establishing a company in Dubai , which may vary depending on the type of activity and geographical location within the emirate. Through a well-thought-out strategy and careful understanding of the economic environment, entrepreneurs can greatly benefit from the promising opportunities offered by Dubai’s dynamic business market.

Steps for establishing a company in Dubai

The procedures for establishing a company in Dubai are not as difficult as some imagine, but they require an expert with the papers, documents, and places of registration. Therefore, if you are looking for ways to establish your company, we facilitate your procedures in Dubai. Do not hesitate to contact our experts. Here are the steps for the procedures for establishing a company in Dubai:

1. Choosing a company type: Before starting any procedures, you must choose the appropriate company type for your business. The available options can be a sole proprietorship, limited liability company, public company, or freehold company.
2. Choosing a company name: A name must be chosen for the company that complies with UAE regulations and rules. The availability of the chosen name can be verified through the commercial registry.
3. Identify shareholders and directors: The shareholders and directors who will manage and own the company must be identified. In some types of companies, there may be specific requirements regarding nationalities or experience.
4. Obtaining the necessary approvals: Some types of companies may require prior approvals from the relevant government authorities before starting the incorporation process.
5. Preparing the necessary documents: Basic documents include the company’s incorporation contracts, shareholding agreements (if any), organizational structure certificates, board of directors decisions, and personal information for shareholders and managers.
6. Submitting a registration application: All required documents and applications are submitted to the competent authorities in Dubai, such as the Department of Commerce and Industry or similar authorities in the chosen emirate.
7. Pay the necessary fees: Registration and license fees must be paid according to the different types of companies and commercial activities.
8. Obtaining the necessary licenses: After registering the company, you may need to obtain additional licenses depending on your business activity, such as a building license or industry licenses.
9. Opening a bank account: The new company must open a bank account in Dubai for the company’s financial and operational dealings.

By following these steps, investors can establish their company in Dubai in a legal and regulated manner, which contributes to a successful and stable start to their business activities in this vital emirate.

Costs of establishing a company in Dubai

The costs of establishing a company in Dubai vary based on several factors, including the type of company, location, and proposed activities. Here’s an overview of the expenses that may be involved in the incorporation process:

1. Company registration fees: These fees include costs related to registering the company with the Department of Commerce and Industry or the appropriate authority, and vary according to the type and scope of the company.
2. Legal Advisors and Consultants Fees: You may need to consult an attorney or legal consulting firm to assist you in preparing necessary legal documents and complying with legal requirements.
3. Costs of contracts and legal documents: This includes the costs of preparing the company’s incorporation contracts and any other legal documents necessary for the incorporation process.
4. Administrative services and licenses fees: These fees include the costs of obtaining the necessary licenses to start your business in Dubai, such as a business license and building permit if required.
5. Real estate costs: If a company needs an office or work space, there will be costs for renting or purchasing commercial property in Dubai.
6. Staff and administration costs: These costs may include staff wages and other administrative costs in the start-up phase.

These costs are variable and vary greatly based on the size of the company and the type of activity, and it is important to plan well financially and consult experts such as Itqan Company before starting to establish the company to avoid unexpected financial surprises.

Documents required to establish a company in Dubai

To establish a company in Dubai , you need to prepare a number of basic documents that vary slightly depending on the type of company and its proposed activity. Here is a general list of required documents:

For all types of companies:

1. Company registration application form (obtained from the Department of Commerce and Industry or the competent authority).
2. A copy of the passport for shareholders and directors.
3. Recent personal photos of shareholders and directors.
4. The company’s articles of incorporation and other legal documents (prepared by a specialized lawyer or legal consulting company).
5. A statement of the company’s proposed activities.
6. Proof of the company’s legal address (lease contract or property use license).

For other companies (such as joint-stock companies and public companies)

1. Contribution agreement (if any).
2. Certificates of the company’s organizational structure.
3. Board of Directors decisions appointing directors and commissioners.

For limited liability companies

Contribution declaration and financial obligations (requirements can vary depending on the type of company and the regulatory body).
For companies in Al Hurra:

1. Residence permit for managers and employees (if they are non-citizens).
2. It is advisable to always verify the exact documentation required with the Department of Commerce and Industry or the designated responsible authority before starting the company incorporation process, to ensure your compliance with all UAE laws and regulations.

Advantages of establishing a company in Dubai

A supportive and business-friendly business environment in that Dubai has a stable and investor-friendly business environment, with policies and strategies designed to attract companies and investments. The government provides competitive tax and regulatory incentives to encourage investment.
Advanced infrastructure and efficient logistics services facilitate business operations. Here are some of the most important advantages of establishing a company in Dubai:

Strategic location and easy access

1. Dubai is a gateway to the markets of the Middle East, Africa and Asia.
2. The distinguished geographical location facilitates communication and trade with major markets.
3. Advanced transportation infrastructure and facilities enhance accessibility.

An advanced regulatory and legislative environment

1. Clear and transparent business laws and regulations that facilitate establishment and operation procedures.
2. The bureaucratic procedures are simple and quick compared to many other countries.
3. It provides multiple free zones that offer attractive tax and regulatory incentives.

Availability of qualified human resources

1. Dubai attracts talent and competencies from all over the world.
2. Providing advanced educational and training infrastructure for skills development.
3. The labor market is diverse and provides access to high-level talent.

Quality of life and a distinctive work environment

1. Dubai offers a high-quality work environment with diverse leisure and entertainment facilities.
2. The moderate climate and developed infrastructure contribute to the quality of life for workers.
3. The diversity of society and cultures provides a diverse and interesting work environment.

Establishing the company through Internet services 

The federal government provides the “Bashir Business Establishment” service, which is an integrated electronic service that allows investors to establish companies in the UAE electronically through an integrated electronic platform integrated with the local and federal government departments and agencies concerned with licensing economic activities in the country, within just minutes using a quick, easy and secure procedure, and without the need to For investors to visit any government agency.

In Dubai, Dubai Economy, in partnership with other local government agencies in the emirate, launched the Dubai Virtual Commercial District (VCC) program, which will enable commercial entrepreneurs and self-employed people in most parts of the world to start a virtual commercial company in Dubai and obtain a virtual commercial license, without… Requirement to reside or work in the UAE.

In conclusion, establishing a company in Dubai requires good preparation and thoughtful planning. It is important to understand the legal and procedural requirements, determine the necessary financial resources, and ensure the availability of qualified human resources. It is also necessary to learn about the opportunities and incentives provided by the government to attract new investments and companies.

Thanks to Dubai’s supportive business environment and advanced infrastructure, investors and aspiring entrepreneurs find promising opportunities to successfully establish and grow their businesses. Taking advantage of the incentives and benefits offered by the emirate, new companies can confidently move towards growth and prosperity in this world-leading commercial centre.