Opening a company in Dubai, Dubai is considered one of the most prominent investment destinations in the world, as it provides an ideal environment for establishing companies and institutions, thanks to its advanced infrastructure and flexible legal systems that encourage investment. Establishing a company in Dubai is an important step towards achieving commercial success, especially with the great facilities provided by the government to attract local and international investors. Establishing a company in Dubai provides opportunities for growth in a dynamic market that enjoys political and economic stability, in addition to easy access to regional and global markets.

When setting up a business in Dubai, investors have several options when it comes to determining the type of business activity and the appropriate location, whether in the free zones that provide complete freedom for foreigners to own companies, or on the mainland where local and international companies can operate freely within the specified legal frameworks. In addition, setting up a business in Dubai requires following clear and organized legal procedures that include obtaining the necessary licenses and fulfilling the conditions imposed by the competent authorities to ensure smooth business operations.

Itqan, a company specialized in providing company formation services in Dubai, provides investors with specialized consultations and comprehensive support in all stages of establishing the company, starting from choosing the appropriate type of business activity, through registration and licensing procedures, and providing the necessary information about tax and legislative policies. By cooperating with Itqan, all legal and administrative procedures are simplified, which saves investors time and effort and enables them to focus on developing their businesses and benefiting from the investment opportunities available in Dubai.

By choosing Dubai as a location to establish a business, investors benefit from advanced infrastructure, a favourable tax regime and extensive government support that helps accelerate business growth and prosperity.

Basic requirements for opening a company in Dubai

Establishing a company in Dubai is an important step towards entering one of the most vibrant and diverse markets in the region. Dubai is not only a global tourism destination, but also a commercial and investment hub that attracts businessmen and companies from all over the world. Whether you want to start a small project or establish a large company, Dubai provides an ideal business environment thanks to its advanced infrastructure, open economic policies, and attractive tax incentives. Dubai also has a wide range of free zones that offer various facilities for companies, making it easier to establish companies faster and more efficiently. With the increasing interest from foreign investors, the procedures and legal requirements for establishing companies have become clearer and more flexible. In this context, we will review the basic requirements for opening a company in Dubai, which are the steps that ensure the success of your project and the achievement of your investment goals. Basic requirements for opening a company in Dubai:

• Choosing a business activity: Investors must choose the business activity they intend to practice, whether commercial, industrial or professional. Each activity requires a specific license from the Department of Economic Development or the selected free zone.
• Choosing a legal form: You must decide what legal form the company will be, whether it is a limited liability company, a sole proprietorship, or a partnership. This decision affects how the organization is organized legally and financially.
• Trade name of the establishment: A trade name for the establishment must be chosen that complies with the terms and laws in force in Dubai, and it must be submitted for approval from the competent authorities.
• Preparing legal documents: A copy of the passport of the founder or founders must be submitted, along with other required documents such as the articles of association and bylaws.
• Choosing the location of the company: It is necessary to have a physical location for the company or a headquarters in Dubai. This can be either in one of the offices within the city or in one of the free zones.
• Obtaining approvals and licenses: Opening a business in Dubai requires obtaining the necessary approvals from government agencies, such as the Department of Economic Development or the selected free zone authority.
• Opening a bank account: After obtaining the license, a bank account must be opened for the company in one of the approved banks in Dubai to facilitate financial transactions.
• Social Security Registration: Companies are required to register employees in the government social system to ensure their rights and social insurance.
• Visas and Residency: The business owner and employees can apply for company-linked residency visas, allowing them to live and work in Dubai.

Tax Compliance: Although Dubai offers an attractive tax environment, there may be some requirements such as VAT, which businesses need to comply with.

Licenses required to open an establishment in Dubai

Opening a company in Dubai is an important strategic step towards entering a thriving and multi-sector business market. Thanks to its distinguished geographical location and economic diversity, the city is a major commercial hub in the Middle East and North Africa, attracting companies and investors from all over the world. Dubai offers a distinguished investment environment characterized by great facilities and incentives such as tax exemptions and advanced infrastructure, in addition to the presence of many free zones that provide a wide range of privileges for companies. It is important for investors who want to establish a company in Dubai to be aware of the licenses required to ensure compliance with all legal and regulatory procedures. Understanding and obtaining these licenses is the first and essential step towards starting and operating any business activity in the city legally and effectively. Licenses required to establish a company in Dubai :

• Commercial License: This license is granted to companies that focus on commercial activities such as import and export, retail and wholesale. This license is one of the most common licenses for companies intending to conduct commercial activities in Dubai.
• Professional License: This license is issued for activities that rely on professional skills and expertise, such as consulting services, accounting, or graphic design. It is granted to companies that provide services that rely on specific capabilities and skills.
• Industrial License: Companies operating in the fields of manufacturing and production need to obtain this license. It includes activities that require the use of equipment and machinery to produce goods.
• E-commerce License: This is granted to companies that operate online and offer electronic products or services. With the growth of e-commerce in Dubai, this type of license has become increasingly popular.
• Free Zone License: If the organization intends to operate in one of the free zones in Dubai, it will be necessary to obtain a free zone license. Each free zone has its own requirements and specific conditions that must be met.
• Tourism License: This license is granted to companies operating in the tourism sector, such as tourism and travel companies, hotels, and tour operators.
• Medical Services License: Granted to companies that provide medical services such as medical clinics, hospitals, and health centers.
• Contracting License: Granted to companies working in the field of construction and building, including large projects such as the construction of buildings, bridges and public facilities.
• Event Organization License: Granted to companies wishing to organize events, conferences, parties and exhibitions in Dubai, and includes all activities related to organizing and managing events.
• Real Estate Brokerage License: Companies that intend to work in the real estate field, whether it is real estate marketing or property management, need to obtain this license.

Our company’s role in opening an institution in Dubai

In conclusion, establishing a company in Dubai is a strategic and successful move for investors seeking to benefit from a flexible and prosperous economic environment. Dubai offers multiple advantages that contribute to stimulating business growth, starting from its distinguished strategic location that connects global markets to its modern infrastructure and advanced facilities that support various sectors. The availability of encouraging investment laws, such as foreign ownership facilities in free zones and a flexible tax system, enhances Dubai’s attractiveness as a major destination for starting a business.

Cooperating with Itqan in this process is a smart move to benefit from its long experience in the field of establishing companies in Dubai . Itqan provides comprehensive support starting from choosing the appropriate type of business activity to completing all legal and administrative procedures. This company contributes to facilitating all aspects related to establishing the institution, including licensing, registration, and consultations related to the tax system and local laws. This type of cooperation helps investors save time and effort, enabling them to focus on managing and growing their businesses effectively.

In addition, Itqan contributes to providing a comprehensive vision on how to make the most of the investment opportunities that Dubai offers, making it an ideal partner for any investor looking to expand their business in the growing Dubai market. By working with Itqan, investors can overcome the bureaucratic challenges that they may face, which increases their chances of success and allows them to focus on innovation and growth.

Overall, opening a company in Dubai in cooperation with Itqan Company gives investors a strong foundation for success and expansion in an important global market like Dubai, helping them achieve their investment goals efficiently and smoothly.

Frequently asked questions about opening a company in Dubai