Welcome to Itqan, your investment destination in Dubai. Whatever your activity is, whether commercial or industrial, we will help you establish it. Determine your activity now and promise a bright future here in the Emirate of Dubai. Dubai is now considered one of the most important cities, which, as they call it, is the city of dreams, and is distinguished by being one of the largest cities. “With which the average per capita income rises in the entire Arab world and even in the Middle East,” it is also considered one of the most attractive cities for investors due to its rapid and noticeable development. Therefore, the ideal way to make money is (establishing a company in Dubai) in order to use the latest international methods in opening… Investment Gates It also owns many, many free trade zones, so in this article we will explain the stages of establishing a company in Dubai and answer all the common questions within the framework of this topic.
Stages of establishing a company in Dubai
To establish a company in Dubai , you need to follow several basic steps. Here’s a summary of the main steps:
- Choosing the company type: You can choose between several types such as limited liability company, partnership, sole proprietorship, etc.
- Choosing a business: Select the company activity you would like to practice, making sure it complies with local licenses.
- Location selection: Choose a location for your company, whether in a free zone or outside it, considering the requirements of the chosen business.
- Identify a business name: Make sure the name is available, not already registered, and complies with local laws.
- Preparing documents: You may need to prepare company incorporation contracts, passports, and certificates of qualifications, depending on the case.
- Submitting a license application: Submit your application for a license with the relevant government agencies, and ensure that all conditions and requirements are met.
- Obtaining the necessary permits: You may need permits from various government agencies, such as municipal permits and environmental permits, depending on the type of activity.
- Company Incorporation and Registration: After all requirements are met, the company is established and officially registered in the Companies Registry.
- Open a bank account: Open a bank account for the company to manage financial matters.
- These are the basic steps, and some details can vary depending on the type of company and its location in Dubai.
Investing in Dubai
Dubai has very great importance in the labor market, as Dubai is considered the investment center in the Emirates. There are several reasons why investing in Dubai is of great importance, and these reasons include:
Tax exemption
This is the first and most important reason that investors are looking for, as the UAE does not impose any taxes on establishing companies in Dubai for foreigners, and sometimes companies are completely exempt from any 100 percent tax liability for a period that may initially reach five years, but it may sometimes reach Until the company is exempt from taxes for life. For this reason, Dubai is the first destination for investors due to the encouraging factors it provides.
Diversity of business facilities
Dubai provides many different and diverse business facilities that encourage investment, but this depends on the type of activity required to be practiced and also on the amount of capital that you specify to establish a company in Dubai.
There are many high-rise towers fully equipped for various businesses, and there are also distinctive shopping centers. Dubai is also distinguished by the diversity of industrial areas, as there are approximately ten free zones in Dubai and different logistical sectors.
Infrastructure strength
The most important city in the Arab world, and indeed the entire Middle East, in terms of infrastructure, is Dubai, which makes it one of the best cities that attract investment, as the authorities responsible for infrastructure always pump a lot of money to develop it, as the state has allocated approximately 230 billion dirhams to improve the infrastructure, including road networks and buildings. .
Advantages of establishing companies in Dubai
Establishing companies in Dubai has several advantages that make it a preferred destination for international and local business, the most prominent of which are:
- Advanced investment environment: Dubai provides a modern and advanced investment environment, with legislation and policies that stimulate growth and innovation.
- Distinctive strategic location: Dubai is located in the heart of the Middle East, making it a center for trade and business in the region, with easy access to regional and global markets.
- Facilities for business: There are many free zones and special economic zones that provide great facilities for companies, such as tax exemptions and full foreign ownership.
- Advanced infrastructure: Dubai has a modern and advanced infrastructure, including international airports, sea ports and global communications.
- Multinational Workforce: Dubai has access to a multinational and educated workforce, making it easier to attract global talent to support the business.
- Ease of doing business: Bureaucratic procedures in Dubai are usually quick and streamlined, making it easier to manage and operate businesses.
- Thriving local market: Dubai has a dynamic and diverse local market, which provides great opportunities for growth and expansion.
- Active business community: Dubai combines an active business community with supportive social networks, which helps build strategic partnerships and enhance business opportunities.
These advantages make Dubai an ideal destination for establishing companies, whether small, medium or large, for the purpose of exploiting economic opportunities and achieving sustainable growth.
Costs of establishing a company in the UAE
Also, one of the common questions in the field of establishing companies is always the inquiry about the costs of establishing a company in the Emirates , but the answer to this question depends on many factors, as it is a different and variable calculation process according to the activity that you will want and choose to invest in and also through the site, as the The location in which you decide to establish your company plays an important role in determining the costs of establishing a company in the Emirates, not only the location, but also the area of land on which the company in question will be established.
Free zones, for example, but not limited to, differ in their prices from other zones. There are several consumer items that determine the costs of establishing a company in the Emirates, which are:
- Payment of fees for commercial registrations.
- Pay the permanent license or instant license fees in Dubai.
- Paying all government dues in the procedures for establishing a limited company.
- The price of the land on which the company will be established or the rental amount for the area that the investor will choose for the project.
- Monitor and create a company-specific study to determine the average capital and expenses that the company will need in the establishment stage.
- Also pay all the investor’s residency fees and any additional fees that arise under UAE law.
Procedures for establishing a company in the Emirates
The Emirates makes the procedures for establishing a company simple and not complicated at all, which makes it a destination for all investors because it works to facilitate all ways of investing in it. However, there are several important and basic steps that must be followed to establish a company in Dubai, Sharjah, or any region in the Emirates. They are:
Determine the activity:
This is the first and basic step. It is determining your activity, and it also depends on you choosing the activity that is appropriate for the location. The activity also depends on the needs of the population consuming the product in the location you have chosen to establish your company and the activity that has been identified.
commercial register :
This is the second step. From this step, you can determine the trade name for your company that you are establishing, and based on that, start it. You must fulfill all the requirements of the Department of Economic Development in order to be able to obtain approval to register your company.
Initial approval:
The General Directorate of Residency and Foreigners Affairs is the authority concerned with approval, and after that it moves to the initial approval from the rest of the concerned bodies. It is necessary and self-evident in order for a company to be established in Dubai for foreigners to have a fixed and well-known location and a headquarters that meets its legal status in Dubai in particular or in In the UAE in general, you are required to obtain a lease contract certified by the Real Estate Regulatory Authority in Dubai. And the approval of the concerned authorities in the company, which are the authorities responsible for the company’s insurance, as well as transportation and legal consultations.
Get an instant license in Dubai
In order to obtain a license in Dubai, there are two basic steps:
- Pay all costs of the commercial license in the Dubai Free Zone.
- Collect all the company’s papers, attachments and documents and everything related to it and deliver them to the Department of Economic Development in Dubai.
- After you complete the procedures for obtaining the license, the common question remains among all foreign investors.
Cost of a business license in Dubai Free Zone
Company owners are the ones who estimate what fees are required to establish their business, as the Department of Economic Development in Dubai provides many things by which company owners can estimate fees. If the investor chooses, for example, to establish a company in one of the free zones in Dubai, each free zone has different fees. In its license, it differs from other free zones and requires the owner to have a certain amount of capital as a minimum, which cannot be less than.
For all these reasons mentioned, Dubai, although it is considered an emerging market, is considered the ideal market for investment among other markets.
It also provides financial support and grants to projects that have proven strong success in the labor market. The UAE government provides full support to investors in order to facilitate the residency visas for founders and licensing processes for them, not only investors but also workers in the company. And at the end of the article We conclude from the conversation that Dubai has become a very important commercial center among the markets and a strong attraction for investment.
At the conclusion of this article, it appears that establishing a company in Dubai requires an integrated and precise process that includes several basic steps. From preliminary research and choosing the appropriate type of company, to obtaining the necessary licenses and permits, and registering the company with the relevant authorities, all of these steps require a thorough understanding of the local laws and regulations in Dubai. In addition, engaging local consulting services may be necessary to ensure the incorporation process is smooth and complies with legal standards.
When you follow the right steps and seek the right advice, establishing a company in Dubai can be a successful and impressive step towards building a sustainable financial future in one of the most dynamic and investment-attractive cities in the world.
