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Steps to open a company in Dubai

Steps to open a company in Dubai

٢٦ ديسمبر Steps to open a company in Dubai

Steps to Open a Company in Dubai, Establishing a company in Dubai is an important strategic step for any investor or entrepreneur seeking to enter a growing and prosperous market. Dubai is an ideal business destination thanks to its dynamic economic environment, advanced infrastructure, and facilities it offers to investors. However, the process of opening a company in Dubai requires following specific steps to ensure compliance with all local regulations and achieve business goals efficiently. In this context, Itqan Company comes into play, providing integrated consulting and services to facilitate this process. By working with Itqan Company, you can benefit from its deep expertise in guiding and advising throughout all stages of establishing a company, starting from determining the type of business activity to completing the necessary documents and licenses. The steps to open a company in Dubai include determining the appropriate business activity, choosing a trade name, obtaining the necessary approvals, and preparing the required documents. Itqan Company provides the necessary support to ensure that you comply with all legal requirements and facilitate interaction with the relevant government agencies. It also helps you speed up procedures and reduce the complications you may face, allowing you to focus on other aspects of your business. Ultimately, working with Itqan Company enhances your chances of success in the market and puts you on the right track to achieving your business goals in Dubai.

Steps to open a company in Dubai
Steps to open a company in Dubai

Documents required to establish a company in Dubai

Establishing a company in Dubai is a strategic process that requires adherence to legal and procedural requirements to ensure business success and compliance with local regulations. One of the most important steps in this process is preparing the required documents, as submitting complete and correct documents enhances the speed of the procedures and reduces the possibility of delays in registering the company. Dubai, as one of the most prominent investment destinations in the world, sets a set of basic requirements for establishing companies, which include the necessary legal and administrative documents. In this article, we will discuss the basic documents you need to establish a company in Dubai, providing details about each document and requirement, helping you to be fully prepared and ensure that your business goals are achieved smoothly and effectively. Documents required to establish a company in Dubai

  • Passports: Color copies of passports of all partners and investors in the company are required. Passports must be valid.
  • Personal Photos: Recent personal photos of partners must be provided, and the photos must have a white background and be of high quality.
  • Lease Contract: Submit a lease contract for the company’s headquarters. The contract must be certified by the relevant authorities, such as the landlord or real estate agent.
  • Certificate of Incorporation: If the company already exists, a certificate of incorporation or any documents showing its legal status must be submitted.
  • Local Partner Approval: In the case of LLCs, you may need to provide the approval of a local partner who owns 51% of the shares.
  • Copy of government approvals: If the business activity requires special approvals, such as health or industrial activities, the required copies of these approvals must be submitted.
  • Additional Documents: There may be other documents depending on the type of business and its requirements. It is necessary to check any additional documents that may be required by the Department of Economic Development or other relevant authorities.

By submitting these documents completely and correctly, you can speed up the process of establishing your company in Dubai and ensure compliance with all local laws and regulations.

Basic steps to open a commercial register in Dubai

Opening a commercial register in Dubai is a vital step in establishing any business, as the commercial register is the official document that allows you to legally conduct business in the emirate. Dubai, with its strategic location and advanced economic environment, offers many opportunities for investors and entrepreneurs, but specific stages must be followed to ensure that you comply with all legal requirements and facilitate the registration procedures. In this article, we will discuss the basic stages of opening a commercial register in Dubai, helping you understand the necessary steps and procedures to follow to achieve the success of your business smoothly and effectively. The basic stages of opening a commercial register in Dubai

  • Determine the business activity: The first step in opening a commercial register is to determine the business activity you wish to practice. The activity must be in line with the permitted activities in Dubai and carefully selected based on the business strategy and business objectives.
  • Choosing a trade name: After determining the business activity, you must choose a trade name that is consistent with the nature of the activity and is in compliance with the laws of the Department of Economic Development in Dubai. Make sure that the name is not used by other companies and that it complies with the standards of publishing and advertising.
  • Apply for Initial Approval: Apply for initial approval from the Department of Economic Development. This includes submitting the required documents such as passports, personal photos, and the company’s premises lease contract. This approval confirms that the business activity you intend to engage in is permitted.
  • Prepare the Articles of Incorporation: Prepare and document the Articles of Incorporation or Partners Agreement, which details the company structure, equity interests, and roles and responsibilities.
  • Obtaining a commercial license: After obtaining the initial approval, apply for the final commercial license from the Department of Economic Development. This includes paying the necessary fees and submitting all required documents.
  • Register your company with the relevant authorities: Register your company with other government entities such as the Emirates Identity Authority and the Ministry of Human Resources and Emiratisation if required. You may also need to register your company with the Federal Tax Authority to obtain a tax number.
  • Open a bank account: After obtaining the license, open a business bank account in the name of the company. You will need to submit the company documents to the bank to complete this step.
  • Obtaining special permits and licenses: Depending on the type of activity, you may need additional permits or special licenses such as health and safety permits or licenses from specialized regulatory bodies.

By following these basic steps, you can open a commercial register in Dubai in a legal and organized manner, allowing you to start your business with confidence and effectiveness.

Our company's role in opening a company in Dubai
Our company’s role in opening a company in Dubai

Our company’s role in opening a company in Dubai

At the end of the process of opening a company in Dubai , it is clear that taking the right steps and implementing them accurately are crucial to ensuring the success of your business project. Your commitment to each stage of the establishment, from choosing the type of business activity to obtaining the required licenses, plays a major role in achieving your goals and ensuring your compliance with local regulations. Cooperating with Itqan Company adds great value to this process, as it provides you with comprehensive support and professional guidance. With its extensive experience and in-depth knowledge of local procedures and laws, Itqan Company helps you expedite the procedures and avoid any complications that you may face. The company contributes to simplifying procedures, from submitting applications to dealing with government agencies, saving you time and effort. It also allows you to benefit from its strategic advice to improve your chances of success in the market. Under the guidance of Itqan Company, you can focus on developing your business and devising new growth strategies, while the company handles the administrative and technical matters related to opening the company. Ultimately, working with Itqan Company is not only limited to facilitating the establishment process, but also extends to continuously supporting you in achieving sustainable success. With the right support and accurate guidance, you can confidently achieve your business goals and establish a strong foundation for your project in Dubai, one of the world’s leading investment destinations.

Frequently asked questions about opening a company in Dubai

What is the first step to open a company in Dubai?

The first step is to determine the type of business activity you want to conduct. The activity must be in line with the permitted activities in Dubai and ensure that it is in line with your business objectives and strategy.

What documents are required to establish a company in Dubai?

Essential documents include passports of partners and investors, personal photos, a lease contract for the company’s headquarters, a copy of government approvals for the activity, and any other relevant documents such as certificates of incorporation if the company is already established.

How to choose a business name for a company?

The trade name chosen should reflect the nature of the company’s activity and be in compliance with local regulations. Ensure that the proposed name is not already in use by other companies and meets the criteria of the Department of Economic Development.

Do I need a local partner to set up a company in Dubai?

It depends on the type of company and business activity. LLCs in Dubai require a local partner to own 51% of the shares, while sole proprietorships or companies in free zones can be fully owned by foreigners.

What are the basic steps to open a commercial register in Dubai?

The basic stages include determining the business activity, choosing the trade name, submitting the required documents, obtaining the necessary approvals, and receiving the commercial license.

How long does it take to set up a company in Dubai?

The incorporation time can vary depending on the type of company and the complexity of the application. The process usually takes from two weeks to a month, but working with a consulting firm like Itqan can speed up the process.

What are the costs associated with opening a company in Dubai?

Costs include registration fees, business license fees, rental costs, and any consulting or legal services you may need. Costs vary depending on the type of company, its activity, and its location.