Establishing commercial companies

Itqan Company is one of the leading companies in the field of establishing companies and providing support services in Dubai. The company offers a comprehensive range of services that include business consulting, corporate management, business licensing, accounting and taxation, banking and finance, marketing and branding, and other important services.

Itqan Company is distinguished by a team of professionals and experts with extensive experience in the field of business and trade, who possess the necessary knowledge to help clients achieve their business goals. Thanks to their deep understanding of the local market, legal legislation and administrative procedures, Itqan Company can provide comprehensive support to clients at all stages of establishing and developing the company.

By choosing to work with Itqan, clients can benefit from customized services that meet their individual needs. Whether you want to establish a new company, expand your business, or improve the management of an existing company, Itqan Company provides comprehensive consultations and innovative solutions that help you achieve success and sustainability in the competitive market.

In short, cooperation with Itqan Company represents a strategic choice for establishing a business company in Dubai . It combines experience and professionalism to provide comprehensive support and integrated services that enhance opportunities for success and growth in the competitive business world.

Establishing commercial companies

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Steps for establishing commercial companies

Establishing a business represents an important strategic step in the entrepreneurship journey, as it gives individuals and investors the opportunity to turn their ideas into reality in Dubai’s dynamic business market. Thanks to its advanced infrastructure and supportive regulatory policies, Dubai is one of the most attractive destinations for investors wishing to grow and expand in various economic sectors. Here are basic steps to establish a business in Dubai:

Initial planning and research: Study the business market in Dubai and determine the type of company that suits your investment and business plans.
Choosing the legal type of company: Decide whether it will be a limited liability company, a sole proprietorship, a partnership, or a free zone company. This depends on the business, tax and legal requirements of your project.
Choosing and confirming the trade name: Make sure that your company name does not conflict with the names of companies previously registered in Dubai, and register it with the relevant authorities.
Preparing legal documents: Prepare the necessary contracts and agreements to establish the company and define the responsibilities of partners or managers and terms of work.
Licenses and Permits: Obtain the necessary licenses and permits from the relevant government authorities in Dubai, such as a business license and building permits if required.
Opening a bank account for the company: Open a bank account in the name of the company to facilitate financial and accounting transactions.
Company registration and legal stability: Register the company with the relevant authorities in Dubai and obtain the necessary licenses to start the business.
Tax and Legal Compliance: Ensure compliance with all local tax and legal laws and regulations in Dubai, and ensure all financial obligations are met periodically.

Costs of establishing commercial companies

The costs of setting up a business in Dubai vary based on several factors, including the type of company and the size of the planned business activities. Here is an overview of the approximate expenses to consider:

Business license fees: These fees vary based on the type of business activity and location in Dubai, as they differ between a free zone and an urban zone.
Company registration fees: These fees include the costs of company registration, document attestation, and legal registration procedures.
Contract and agreement costs: May involve costs for preparing shareholder contracts or internal company agreements.
Office and infrastructure costs: These include the costs of renting offices or purchasing real estate, office equipment and information technology, as well as subsequent maintenance costs.
Legal and financial consulting costs: You may need legal and financial consulting to help prepare legal documents and provide advice regarding taxes and finance.
Insurance and protection costs: include employee and property insurance, in addition to any business-specific insurance.
Additional service fees: such as advertising and marketing costs, and bank fees for opening company accounts.

Types of companies that can be established

Type of Company	a description
Sole Proprietorship	A business owned by one person, in which the owner has unlimited liability for debts and liabilities.
Limited Liability Company – LLC	A company has limited liability to shareholders, as they are not held personally liable for the company’s debts.
Joint Stock Company	A company consists of shareholders who own shares in the company, and profits and losses are divided according to the percentage of capital contribution.
Private Joint Stock Company	A special form of joint stock company that is usually organized for specific purposes and has special rules and conditions that differ from a public joint stock company.
Limited Liability Partnership – LLP	A limited liability partnership allows partners to benefit from protection from personal liability, and features the distribution of profits and losses according to the partnership agreement.
Branch of a Foreign Company	A branch of an overseas parent company, operating in Dubai in accordance with local legislation and enjoying some autonomy in management and operations.

These different types provide various options for investors and companies that wish to establish or expand their activity in Dubai.

Taxes required for companies in Dubai

In Dubai, taxes are generally low, making it one of the popular destinations for companies looking to establish and grow. Here’s an overview of the taxes that may apply to companies in Dubai:

Income Tax: Companies located outside Dubai’s free zones enjoy no corporate income tax, except for some specific sectors such as oil and gas.
In free zones, income tax can be avoided for a period of up to 50 years, after which this period can be extended.
Value Added Tax (VAT): A 5% VAT applies to some goods and services in the UAE, including Dubai,
Local and provincial taxes: Local or provincial taxes may sometimes apply to local activities or services, and these taxes vary depending on the activity and region.
Real estate taxes: Real estate taxes apply in Dubai, and depend on the value of the property and the type of use.
Customs clearance and duties: Customs duties may apply to imports of goods and services, and companies must comply with customs instructions and procedures.

Permits required to start a business

To start a business in Dubai, companies require several necessary permits and licenses. Here are some basic permits you may need:

Business License: Every company must obtain a license to conduct its business activity in Dubai. The type of license and necessary conditions are determined based on the type of activity you plan to practice.
Building and construction permit: If your company is expected to need an office or building for commercial purposes, you may need a building and construction permit from the local authorities in Dubai.
Commercial advertising permit: New companies are required to submit an official declaration of the company’s incorporation with the local authorities. This is usually done through an advertisement in local newspapers or the Internet.
Health and Safety License: Companies that operate shops or provide health services may need a license from health and safety authorities in Dubai, such as the municipality or health authority.
Environmental and nature conservation licenses: If a company deals with products or processes that may affect the environment, it may need special licenses to comply with environmental and nature conservation laws in Dubai.
Export and Import License: If your plans include importing or exporting goods, you will need special licenses and permits from the Dubai Customs Authority.

After an in-depth exploration of the process of setting up a company in Dubai , we find that it is a journey full of challenges and endless opportunities in Dubai. Through cooperation with Itqan Company, Dubai provides an ideal environment for investors to launch and expand businesses. Facilitated government procedures, effective regulation, and advanced infrastructure make Dubai an attractive investment destination for new companies. Thanks to the diversity of possible business activities and full support for innovation and leadership, Dubai embraces a future vision that encourages economic growth and prosperity. Establishing companies in Dubai is not just a business move, but rather an investment in a future that promises sustainable development and sustainability, making it an ideal destination for those wishing to build a business legacy that transcends geographical borders.

The most important frequently asked questions about establishing commercial companies

How can new businesses in Dubai stay competitive in the market?

Companies must invest in continuous training and development, adopt innovation and technology strategies, and understand changing market needs.

What modern technologies are available to companies in Dubai?

Dubai has an advanced technological infrastructure that supports innovation and development in various sectors such as financial technology and artificial intelligence.

What are effective marketing strategies for new businesses in Dubai?

Marketing strategies include the use of social media, local and international advertising campaigns, and participation in industry exhibitions and events.