Setting up a business in Dubai is a strategic move that opens up vast horizons for aspiring investors and entrepreneurs. With its strategic location between Asia, Europe and Africa, and its advanced infrastructure, Dubai offers an ideal environment for establishing businesses of all sizes and types. The city is a global hub for business, financial services and innovation, making it an attractive destination for foreign and local investors alike. In addition, Dubai offers a range of facilities and benefits that contribute to enhancing the business environment, such as the absence of personal income tax, a favorable corporate tax system, and the possibility of full foreign ownership in free zones. In cooperation with Itqan, the process of setting up a business in Dubai can be greatly facilitated, as the company provides legal advice and integrated services to guide investors through the required legal and administrative procedures.

These services include choosing the right legal structure for the company, obtaining the necessary licenses, and ensuring compliance with local laws and regulations. Itqan also provides comprehensive support that includes directing investors towards the most growing and profitable sectors in Dubai, in addition to providing innovative solutions for financing projects and expanding businesses. Establishing a company in Dubai requires good planning and understanding the local market, which Itqan provides through its specialized services that help investors make the right decisions. Ultimately, opening a business in Dubai is a thoughtful move that provides opportunities for growth and expansion in a dynamic global market, making Dubai an ideal platform for businesses that aspire to long-term success.

Types of business licenses available in Dubai

Dubai is one of the most important business destinations in the world, providing a flexible and attractive investment environment for investors from various sectors. Establishing a business in Dubai requires obtaining the necessary licenses that allow companies to practice their activities in a legal and organized manner. The types of commercial licenses available in Dubai vary according to the type of business activity that the investor wishes to practice, which enhances the clarity of laws and procedures and ensures that businesses comply with the rules in force in the emirate. Through these licenses, investors can enjoy many advantages such as tax exemptions and full foreign ownership in free zones, in addition to benefiting from an advanced infrastructure and a growing local and international market. Choosing the right license is a crucial step in the process of establishing a business, and depends largely on the type of activity, the size of the company, and the chosen location for work. Types of commercial licenses available in Dubai :

• Commercial License: This license is issued to companies that engage in commercial activities such as selling goods and products, whether wholesale or retail. This type of license is most common for companies that operate in the field of trade and distribution of products.
  Industrial License: The industrial license is issued to companies that operate in the field of manufacturing or production. Obtaining this license requires the presence of industrial facilities or factories to produce goods and products, and is granted based on the specific industrial activity.
  Professional License: The professional license is issued to companies or individuals who provide specialized services such as legal consulting, engineering, medicine, and accounting. This license is intended for professions that rely on experience or academic qualifications.
  Tourism License: This license targets companies operating in the tourism sector, such as travel agencies, hotels, and tour operators. Obtaining this license requires compliance with the tourism standards approved by the competent authorities in Dubai.
  Free License: Issued in free zones and allows investors full ownership of businesses, exemption from customs taxes, and greater freedom to organize businesses. This license is suitable for companies targeting the international market or companies operating in the fields of technology and innovation.

Choosing the right license requires a careful study of the business activity and its legal requirements, which ensures smooth operation and compliance with local laws, and contributes to enhancing the chances of success and growth in the UAE market.

Basic steps to start a business in Dubai

Establishing a company in Dubai is a strategic step that opens up broad horizons for entrepreneurs and investors. Dubai, thanks to its strategic location between Asia, Europe and Africa, and its advanced infrastructure, has become a global hub for business and investment. Dubai provides an encouraging and diverse economic environment, attracting investors from various sectors, whether industrial, commercial, tourism or technology. The UAE government has put in place a set of flexible policies and legal systems that aim to facilitate the process of establishing companies and promote sustainable economic growth. In addition, Dubai provides attractive tax benefits and continuous government support for companies, whether small or large, which contributes to building a solid foundation for commercial growth in the emirate. However, establishing a business in Dubai requires following specific steps to ensure full compliance with local regulations and laws. The basic steps for establishing a company in Dubai :

• Choosing the type of business activity: The first step is to decide what type of business you will be doing. Dubai offers a wide range of business activities for investors to choose from, from trade and industry to services and liberal professions.
• Determining the legal form of the company: The investor must choose the appropriate legal form for his company, whether it is a limited liability company, a partnership, a branch of a foreign company, or a sole proprietorship. This choice depends on the nature of the business activity and the number of partners or investors.
• Choosing a trade name: The investor must choose a trade name that complies with local regulations. The name must be innovative and not similar to any other names registered in Dubai. In addition, the name must reflect the type of business activity that the company will be conducting.
• Obtaining initial approvals: After choosing the business activity, legal form and trade name, the investor must obtain initial approvals from the relevant authorities, such as the Department of Economic Development or other specialized bodies.
• Preparing the articles of association: The articles of association must be prepared, which specify the terms and conditions of the company. This contract must be signed by all partners and documented with the competent authorities.
• Obtaining a commercial license: After the initial approvals and contract documentation, the investor must apply for a commercial license that authorizes him to practice the commercial activity. Licensing requirements may vary depending on the type of business activity and the chosen location.
• Renting an office: Setting up a company in Dubai requires having a physical place of business. A lease agreement for the office or commercial space must be submitted as part of the legal process of setting up the company.
• Obtaining visas and residence permits: After establishing the company, the investor can apply for work visas for employees and company owners, and submit residence applications if he wishes to reside within the Emirates.

By following these basic steps, investors can easily set up their businesses in Dubai and benefit from the thriving and supportive business environment, contributing to sustainable long-term success.

Our company’s role in establishing a business in Dubai

In conclusion, setting up a business in Dubai is a golden opportunity for anyone looking to enter global markets with a favorable investment climate and multiple facilities. Dubai , with its diverse economic sectors and modern infrastructure, provides an ideal environment for startups and ambitious entrepreneurs seeking success and growth. Choosing Dubai as a business location gives companies the opportunity to benefit from its strategic location, proximity to regional and global markets, as well as government policies that support innovation and sustainable development.

Partnering with Itqan is an essential step in this journey, as the company provides integrated services that go beyond legal and administrative procedures to include providing specialized consultations that suit the needs and aspirations of investors. From choosing the right type of business activity to obtaining the required legal licenses, Itqan helps simplify every step of establishing a business in Dubai, saving investors time and effort and contributing to a successful launch. Itqan’s support also extends to providing advice on how to expand in the local and international market, and directing investors towards investment opportunities that fit their strategies and long-term goals.

In addition, investors can benefit from Dubai’s stable economic environment and transparent legal system that enhances investor protection and ensures smooth and efficient business operations. By partnering with Itqan, establishing a business in Dubai becomes not only a simplified administrative process, but also a strategic opportunity to succeed in a competitive and dynamic market. Therefore, choosing to establish a company in Dubai in partnership with Itqan is a well-thought-out step towards building a successful and sustainable business future, as all the ingredients are available to achieve success and excellence in a global business environment.

Frequently Asked Questions About Starting a Business in Dubai