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Register a company in Dubai

Register a company in Dubai

٠٦ يناير Register a company in Dubai

Registering a company in Dubai, Dubai is one of the most prominent global destinations for establishing companies and attracting investments, thanks to its strategic location, diversified economy, and advanced infrastructure it offers to investors. Dubai is known for being a vibrant business environment and offers diverse investment opportunities across many sectors including trade, real estate, technology, and logistics. Many entrepreneurs and investors seek to register their companies in Dubai to benefit from tax incentives and flexible legal regulations, which facilitate the establishment procedures and contribute to creating a supportive environment for growth.

The process of registering a company in Dubai may seem complicated at first, but it becomes smooth and easy with the cooperation of specialized companies such as Itqan. Itqan plays an important role in guiding investors through the establishment steps, starting from choosing the appropriate type of commercial license to completing the required legal and administrative procedures. The company provides extensive experience in dealing with various government agencies, making it easier for investors to navigate the requirements and regulations related to establishing companies in Dubai.

By working with Itqan, new investors can overcome many of the challenges they may face when starting their businesses in Dubai, and benefit from its specialized services that guarantee them the establishment of their companies as quickly as possible and at the lowest costs. Whether the new company is planning to operate in the free zones or in other areas within the emirate, Dubai offers multiple options to meet the needs of all businesses.

Register a company in Dubai
Register a company in Dubai

Types of companies that can be registered in Dubai

Dubai is one of the world’s leading destinations for business formation, thanks to its thriving economic environment, advanced infrastructure, and investment-friendly legislation. Dubai offers a variety of options for investors and entrepreneurs looking to start a business, where they can choose the right type of company based on their investment needs and aspirations. Whether you are looking to start a small business or expand your business to a larger market, Dubai offers a flexible business environment that can accommodate different types of companies. Below are the most prominent types of companies that can be registered in Dubai:

  • Limited Liability Company (LLC): The LLC is the most common form of business formation in Dubai. In free zones, foreigners can own 100% of the company, while incorporating in Dubai requires a local partner who owns 51% of the shares. The partners enjoy legal protection as their liabilities are limited to the extent of their investment.
  • Sole Proprietorship: This is a type of business that can be owned by just one individual. The person who registers the company is fully responsible for the company’s obligations and debts, and it is a good option for small businesses or people who want to run their business individually.
  • Public Joint Stock Company (PJSC): Public joint stock companies are a suitable option for large companies seeking to raise capital from the public. A PJSC must be owned by a number of shareholders and the capital is divided into tradable shares.
  • Private Joint Stock Company (PrJSC): Similar to a public joint stock company, except that the shares are not offered to the public and are owned by a limited group of investors. These companies are used for large businesses but allow greater flexibility in capital management than public joint stock companies.
  • Branch of a foreign company: Foreign companies can open branches in Dubai to conduct their business activities. The branch is considered part of the parent company and is subject to Dubai laws with some privileges such as exempting the company from the need for a local partner in some cases.
  • Free Zone Company: Setting up a company in a free zone allows foreign investors 100% ownership without the need for a local partner. Free zones in Dubai such as Jebel Ali and Dubai South offer a wide range of benefits such as tax exemptions and customs facilities.
  • Joint Venture: A partnership formed between two or more parties to carry out a joint business activity, but it is not required to register officially and is not required to disclose the partnership to the public. Joint Venture allows flexibility in managing the business, but is limited to short-term projects.

Dubai offers a diverse environment that allows investors to choose the most suitable type of business for their business, with government support and legislation that encourage investment and economic growth.

Basic requirements for company registration in Dubai
Basic requirements for company registration in Dubai

Basic requirements for company registration in Dubai

Dubai is one of the world’s leading destinations for business formation thanks to its strategic geographical location, advanced infrastructure, and investment-friendly laws. Entrepreneurs and investors look forward to establishing their companies in Dubai to benefit from its many economic and commercial advantages. However, the process of registering a company in Dubai requires fulfilling a set of legal and administrative requirements that ensure the organization of the business and compliance with local laws. Knowing these basic requirements makes it easier for investors to start their businesses efficiently and quickly. Below are the basic requirements for registering a company in Dubai :

  • Choosing the type of business activity: The first step to registering a company in Dubai is to determine the type of business activity the company wants to engage in. The business activity must be clearly registered and in compliance with the laws and regulations in force in Dubai. Activities vary between general trade, industry, services, and others.
  • Determine the legal form of the company: Investors must choose the appropriate legal structure for their company, whether it is a limited liability company (LLC), a sole proprietorship, a joint stock company, or a free zone company. This choice depends on the nature of the activity, the number of partners, and the nationality of the investors.
  • Choosing a Trade Name: Registering a company in Dubai requires choosing a trade name that complies with local laws, is unique and not similar to other registered trade names. The trade name must also be appropriate to the nature of the activity and not include any legally unacceptable words.
  • Obtaining initial government approvals: After choosing the business activity and trade name, initial approval must be obtained from the relevant government agencies such as the Department of Economic Development (DED) and other regulatory bodies depending on the type of business activity.
  • Location and Office Rental: All companies registered in Dubai are required to provide a physical business address. This location can be an office, warehouse or commercial space. The location must be compatible with the type of business activity to be conducted.
  • Preparing the articles of association or partnership agreement: The articles of association of the company or the partnership agreement must be prepared between the partners, especially if the company is a limited liability company. This contract specifies the partners’ shares, rights and duties, and must be certified by the relevant government authorities.
  • Obtaining a commercial license: After completing all the previous steps, you must apply for a commercial license from the Department of Economic Development (DED) or the responsible authority in the free zone. The cost of the license varies depending on the type of activity and the size of the company.
  • Registration with other government bodies: Depending on the type of activity, the company may need to be registered with additional bodies such as the Dubai Chamber of Commerce and Industry, insurance or health authorities.
  • Obtaining Residence Visas for Employees: New companies can apply for residence visas for their employees and managers. This step involves submitting the required documents and fees from government agencies.

Registering a company in Dubai requires adherence to legal and regulatory procedures to ensure that the business is properly started. Partnering with specialized companies helps facilitate and speed up this process, allowing investors to focus on developing their business and achieving success.

Find a company in Dubai

In conclusion, registering a company in Dubai is a strategic step towards success in a growing global business environment. Dubai offers investors and entrepreneurs many opportunities for growth and expansion thanks to its ideal geographical location and stable economic environment that combines advanced legislation and advanced infrastructure. Company formation in Dubai is not just an administrative step but a long-term investment that can yield significant profits if executed correctly and in cooperation with the right entities.

Itqan is one of the most prominent entities that can facilitate this complex path for investors through its expertise in the fields of company formation and providing comprehensive support that covers all aspects of the process, starting from planning and choosing the right type of company to providing financial and legal advice and completing administrative procedures efficiently and quickly. This partnership ensures that investors reduce the risks associated with the formation process and take maximum advantage of the opportunities available in the vibrant Dubai market.

Cooperation with Itqan Company is not limited to facilitating procedures only, but goes beyond that to include providing customized investment strategies aimed at enhancing the competitiveness of new companies and ensuring their compliance with local and international laws. This continuous support contributes to achieving sustainable growth for companies and enhances their chances of success in both the local and global markets.

Registering a company in Dubai is the beginning of an exciting and opportunity-filled journey, but it requires the right guidance to ensure success. By working with Itqan, investors can make informed decisions based on long experience in the Dubai market, giving them the confidence and ability to face challenges and achieve their business goals in a supportive and prosperous economic environment.

Frequently asked questions about a company in Dubai

What types of companies can be registered in Dubai?

In Dubai, several types of companies can be registered such as limited liability companies, foreign branches, professional companies, public and private joint stock companies. In addition, companies can be established in free zones or in commercial areas within the emirate.

What are the basic requirements for registering a company in Dubai?

Requirements vary depending on the type of company and location, but typically include a copy of the investor’s passport, submitting a business plan, identifying the business activity, and choosing a trade name for the company. Some companies may also require a local partner depending on the nature of the business.

What are the tax benefits of setting up a company in Dubai?

Dubai offers attractive tax incentives, such as exemption from personal income tax and the freedom to repatriate profits abroad. Companies in free zones also benefit from full tax exemptions for specific periods.

What are the free zones in Dubai and what are their benefits?

There are several free zones in Dubai such as Jebel Ali, Dubai South and Dubai Media City. Companies registered in these zones benefit from 100% foreign ownership, long-term tax exemptions and no currency restrictions.

How much does it cost to register a company in Dubai?

Costs vary depending on the type of company and location, with business licenses ranging from several thousand to tens of thousands of dirhams. Costs can also include visa fees and office rental.

How long does it take to register a company in Dubai?

Registering a company in Dubai can take anywhere from a few days to several weeks, depending on the completion of the necessary requirements and procedures.

Can foreigners fully own a company in Dubai?

Yes, foreigners can fully own a company in free zones and some other sectors, while some onshore activities require a local partner.