Establishing a company in Dubai: Advantages and costs, Opening a company in Dubai is an important strategic step towards achieving success in one of the most dynamic and diverse global markets. Dubai, with its distinguished geographical location as a gateway between East and West, and its advanced infrastructure, makes it an ideal hub for business and investment. The process of establishing a company in Dubai requires a thorough understanding of legal and administrative procedures, which calls for obtaining specialized advice and support. This is where “Itqan” comes in as a key partner in facilitating this process.

Etqan has extensive experience in providing comprehensive support to investors wishing to enter the Dubai market. It offers integrated services ranging from legal and financial consultations, to providing support in preparing documents and licenses, and facilitating dealings with local government agencies. By cooperating with Etqan, investors receive professional advice and accurate guidance that helps them overcome all the challenges they may face while establishing their companies.

The company also helps speed up procedures thanks to its strong relationships with government agencies and its deep understanding of local requirements. This support helps avoid delays and simplifies the registration process, allowing investors to focus on developing their businesses and strategies instead of dealing with administrative procedures. Setting up a company in Dubai with “Itqan” means making the most of the opportunities available in the market, while ensuring compliance with all local laws and regulations, making the incorporation process smoother and more efficient.

Types of companies that can be established in Dubai

Dubai is one of the world’s leading economic hubs, attracting investors from all over the world with its advanced business environment and diverse investment opportunities. Establishing a company in Dubai requires a thorough understanding of the different types of companies that can be established, each with its own set of requirements and benefits. By choosing the right legal structure, investors can make the most of the opportunities available and achieve their business goals effectively.

Types of companies that can be established in Dubai:

• Limited Liability Company (LLC): LLCs are the most common type of company in Dubai. These companies provide protection for the personal assets of investors, as the liability of partners is limited to the extent of their shares in the company. Foreigners are allowed to own 100% of the company in free zones, but in non-free zones, there must be a local partner who owns 51% of the shares.
• Public Joint Stock Company: Public joint stock companies are characterized by the ability to raise capital from the public by offering shares in the market. Establishing this type of company requires a large number of shareholders and following precise regulatory procedures. This type of company has greater flexibility in attracting investment and raising funds.
• Private Joint Stock Company: Private joint stock companies are similar to public joint stock companies, but their shares are not traded on public markets. These companies are usually limited to a certain number of shareholders, and allow them to invest capital through the company’s own shares.
• Sole Proprietorship: Establishing a sole proprietorship allows an individual to own and establish an entire company on their own. These companies are simple in their procedures and registration, making them an ideal option for individual investors who want to run a small or medium-sized business.
• Free Zone Company: Dubai offers several free zones that allow for company formation with special benefits, such as 100% foreign ownership and tax exemptions. Each free zone may offer specific types of companies, such as limited liability companies or holding companies, based on the business activities and local legislation.
• Holding Company: Holding companies are a distinct type that focus on owning and managing shares in other companies. These companies allow investors to control a group of companies under one entity, which contributes to managing assets and distributing risks more effectively.

Choosing the right type of company depends on the investors’ business objectives, the type of business activity, and the geographical location in Dubai. By working with specialized companies such as “Itqan”, investors can get the necessary advice and guidance to choose the most appropriate structure and facilitate the incorporation procedures.

Basic documents required to establish a company in Dubai

Establishing a company in Dubai requires the submission of a set of essential documents that help ensure the process runs smoothly and complies with all legal and administrative requirements. Dubai, with its strategic location and advanced infrastructure, offers an ideal business environment, but obtaining the appropriate licenses and permits requires careful preparation and submission of the correct documents. Understanding the basic requirements and providing the required documents accurately can go a long way in speeding up the incorporation process and avoiding any potential delays.

Basic documents required to establish a company in Dubai :

• Passports: Copies of the passports of all founders and partners are required, as they are used to verify their identities and confirm their nationalities. Passports must be valid and have clear, printed copies.
• Personal Photos: The incorporation process requires the submission of recent personal photos of each founder. The photos are usually on a white background and of a specific size.
• Office Lease Contract: A notarized lease contract for the company’s headquarters in Dubai must be submitted, as the law requires the company to have a physical address. The contract can be temporary or long-term depending on the type of company and its requirements.
• Articles of Association and Memorandum of Association: Companies need to submit an Articles of Association and Memorandum of Association that detail the company’s objectives, activities, and management structure. These documents form the legal basis for operating the company and define the rights and responsibilities of the founders.
• Business Plan: A detailed business plan should be provided that outlines business objectives, growth strategies, and market analysis. This document helps you understand how the company will be managed and achieve its goals.
• Additional Licenses and Permits: Depending on the type of business activity, additional licenses or permits may be required from the relevant authorities. For example, activities related to health or education may require special licenses.
• Identity Documents: In some cases, additional identity documents, such as a national ID card or driver’s license, may be required depending on the requirements of government departments.
• Bank details: Some procedures require the submission of bank account details, which may include a bank certificate proving the existence of an account in the name of the company or partners.

Submitting these documents accurately and on time will help speed up the incorporation process and avoid any delays. By working with specialized companies such as “Itqan”, investors can ensure that the documents are submitted correctly and get the necessary advice to facilitate all aspects of the incorporation process in Dubai.

Our company’s role in establishing a company in Dubai

Establishing a company in Dubai is a strategically important step towards success in a competitive and thriving global market. By entering this market, you are choosing an environment full of economic opportunities and rapid growth. However, the process requires a thorough understanding of legal procedures and local requirements, making choosing a reliable partner essential. Itqan provides this specialized support, contributing its in-depth experience to facilitate all aspects of the incorporation process.

By partnering with Etqan, you can benefit from their extensive knowledge of the Dubai business landscape, which helps speed up procedures and reduce complications. The incorporation journey begins with careful planning and choosing the optimal legal structure for your company, which Etqan helps you determine based on your needs and aspirations. This includes advising on different types of companies and meeting the advantages and costs of establishing a company in Dubai requirements for each type.

When submitting necessary documents, such as articles of association and work permits, you have an experienced partner who will ensure that your documents are submitted correctly and completely, helping to avoid delays. Itqan also helps you navigate all administrative procedures, from registering with government agencies to obtaining the necessary licenses.

In conclusion, establishing a company in Dubai in cooperation with “Itqan” increases your chances of success in this dynamic market. By providing specialized support and accurate guidance, “Itqan” ensures that the establishment process is facilitated and saves you time and resources, allowing you to focus on growing your business and achieving your business goals efficiently and effectively.

Frequently Asked Questions About Starting a Company in Dubai