Procedures for establishing a company in Dubai

The procedures for establishing a company in Dubai have become more flexible than ever before due to the efforts of the relevant authorities in the UAE and, consequently, the facilities in the procedures and privileges that the government grants to investors and the options it provides to determine the optimal path for the project. In this article, we will learn about the procedures for establishing a company in Dubai .

Establishing a company in Dubai

Procedures for establishing a company in Dubai

Procedures for establishing a company in Dubai

Experts on the procedures for establishing a company in Dubai confirmed that the UAE government supports startups, provides golden opportunities, and facilitates the procedures for establishing a company in Dubai.

1. Choose an activity

The first step in the procedures for establishing a company in Dubai is to determine the appropriate activity for which you are conducting the procedures for establishing a company in Dubai.

2. Commercial registration

Commercial registration is linked to choosing the company name and must comply with some conditions in order to obtain the approval of the Department of Economic Development:

• It should not be contrary to public taste.
• It also does not contain words and phrases.
• Therefore, it indicates the legal form of the company.
• Also, it must not be registered with another company.
• Finally, it reflects the company’s commercial activity.

3. By obtaining initial approval

Approval must be obtained from the General Directorate of Residency and Foreigners Affairs, then approval from the rest of the relevant authorities in Dubai. Regarding foreigners, approval is required from the General Directorate of Residency and Foreigners Affairs.

4. Also choose the company’s headquarters

Choosing a workplace for the company, whether purchasing or renting, must add a license to the current activity and it must have the following:

• The partner in the new company must be a shareholder or owner in the parent company.
• The number of licenses for one party should not exceed 10 licenses for the same site.
• The area of ​​the license site must not be less than 200 square feet.

5. And thus obtain the approvals of the concerned authorities

Some commercial projects need additional approvals from other competent authorities such as the Ministry of Interior, the Ministry of Civil Defense, the Ministry of Justice, and the Ministry of Economy if the activity is related to an activity such as selling firefighting equipment.

6. Also obtain a commercial license

After all that has been mentioned, the last steps of the procedures for establishing a company in Dubai, where after completing all the previous steps, the investor can receive the license and attach some documents and papers with it, in addition to the economic development steps to pay the costs of the license fees and then register in the UAE Chamber of Commerce as a member.

Types of companies in Dubai

Advantages of establishing a company in Dubai

Dubai is considered one of the most prominent economic centers in the world, characterized by a developed business environment that encourages startups and small and medium enterprises. Establishing a company in Dubai is an important strategic step for those wishing to invest in promising business opportunities in this modern and developed city. In this article, we will comprehensively review the advantages of establishing a company in Dubai, focusing on the factors that make this step tempting and attractive to investors.

1.  Dubai’s evolving business environment:
   1. First, Dubai occupies a prominent position in international indicators of ease of doing business, making it a preferred destination for entrepreneurship.
   2. Thus, the government adopts encouraging policies and flexibility in commercial legislation, which facilitates the procedures for establishing companies.
   3. The advanced infrastructure and distinguished services make Dubai an ideal environment for business.
2. Strategic location:
   1. First, Dubai is located at the intersection of important trade routes, making it a center for global trade.
   2. The presence of the large Dubai International Airport facilitates global transportation and distribution operations for companies.
3. Dynamic local market:
   1. Therefore, the Dubai market has a highly dynamic and diverse economy, which provides diverse opportunities for startups.
   2. The diverse and multinational population is a source of diverse demand for goods and services.
4. Government and financial facilities:
   1. Through the Dubai government providing a range of financial and tax facilities to startup companies, which reduces the overall costs of establishment and operation.
   2. Investors also enjoy great freedom in owning businesses and real estate in Dubai.
5. Cultural and social diversity:
   1. Therefore, Dubai is considered a multicultural and multinational environment, which creates a suitable environment for innovation and creativity.
   2. Diverse culture also provides opportunities to develop customized products and services for various international markets.
6. Technology and innovation:
   1. Dubai is therefore working to develop the technological infrastructure, making it an ideal platform for emerging technology companies.
   2. Technical communities and creative spaces also provide an environment for innovation and development of new ideas.

Financial and tax procedures for establishing companies in Dubai

In this subheading, you can provide comprehensive information about the financial and tax procedures that must be considered while setting up companies in Dubai. Here are some points that can be included in this article:

1. Capital and Shares: A detailed explanation of the concept of capital and the minimum required to establish companies in Dubai.
   Shares and distribution percentage between shareholders and partners.
2. Taxes: Know the types of taxes applied to companies in Dubai, such as value added tax (VAT) and income taxes.
   Procedures and requirements for registering companies with the Tax Department.
3. Financial Reports: The necessity of preparing periodic and annual financial reports and submitting them to the concerned authorities.
   Likewise, use the accounting systems adopted in Dubai.
4. Finance and Investment: Steps to obtain financing and financial support for new companies in Dubai.
   Therefore, the investment trends and financial opportunities available in the region.
5. Then financial responsibility: explaining the role and responsibilities of managers and shareholders in companies from a financial perspective.
   How to protect shareholders and directors from unlimited financial liabilities.
6. Also, financial estimates: the necessity of preparing financial estimates and economic studies for new projects.
   How to use financial estimates to attract financing and investments.
7. Also, financial contracts: the role of financial contracts in protecting financial interests and ensuring the implementation of obligations between partners and shareholders.
   Types of financial contracts approved in Dubai and how to prepare them correctly.
8. Hence, financial reconciliations: the process of financial and accounting reconciliations for companies in Dubai. How to deal with financial and tax challenges and achieve a sustainable financial balance.

Electronic and digital procedures for registering companies in Dubai

In this subtitle, a set of electronic and digital procedures related to company registration in Dubai can be included. Here are some points that can be included in this article:

1. Dubai Incorporation Website: An explanation of the Dubai Incorporation website and how to use it to submit applications for company incorporation electronically.
   Register and log into the user account to manage the company’s electronic operations.
2. Electronic application forms: An explanation of the types of electronic forms available for submitting applications for establishing companies in Dubai.
   How to properly fill and submit electronic forms as per requirements.
3. That’s why e-verification: e-verification procedures are required to confirm the identity of founders, directors and partners.
   Documents required to successfully complete the electronic verification process.
4. Also, electronic signature: An explanation of the process of electronic signature on financial and legal documents and agreements.
   How to obtain approved electronic signature certificates in Dubai.
5. Therefore, electronic payment: Steps for electronic payment of registration fees, permits, and other government fees.
   Ensure that safe and approved methods are used for electronic payment operations.
6. Also electronic correspondence: How to communicate electronically with government agencies concerned with the company registration process.
   Requirements for the company’s official email and the documents required for its recognition.
7. Then follow up on electronic applications: How to follow up on the status of electronic applications and the processing and approval stages.
   Procedures required in the case of electronic amendment or cancellation requests.
8. Hence, electronic protection: the importance of securing personal and financial information and data during electronic registration processes. Security procedures and measures that must be taken to protect privacy and prevent electronic intrusions.

Procedures for establishing a company in Dubai

How can we help you with company procedures in Dubai

Itqan Company can provide many services and consultations to assist you in the procedures for establishing a company in Dubai. Here are some ways Etqan can help:

1. Establishment consulting: Providing advice and guidance regarding the type of company suitable for you and the local market, whether it is a sole proprietorship, partnership, or joint stock company.
2. Arranging documents: Helping you arrange and prepare all documents needed to submit an application for registration and necessary permits.
3. Communication with relevant authorities: Negotiating and communicating with government agencies and organizations necessary to obtain the necessary licenses and permits.
4. Financial and tax procedures: Providing guidance and direction on the financial and tax aspects related to establishing the company, including local taxes and value-added tax.
5. Therefore, accounting and auditing services: providing the necessary accounting and auditing services to ensure the financial and legal compliance of the company.
6. Legal support: Providing the necessary legal support regarding preparing contracts and agreements, protecting intellectual property rights, etc.
7. Also developing strategic plans: Assisting in developing and preparing business plans and strategies necessary for the success and sustainability of the company in the market.
8. Hence, digital communication and marketing: providing support in the field of digital marketing and promoting the company through advertising campaigns and social media.

After all that was mentioned briefly, Itqan Company can be a comprehensive consulting partner that provides support and assistance in all aspects of establishing a company in Dubai, which facilitates the establishment process for you and increases the chances of the company’s success in the market.

Our reliable role in establishing companies in Dubai

As we conclude this article, we realize the importance and role of the procedures followed for establishing companies in Dubai in building successful and sustainable projects. The challenges and opportunities facing investors in this process require a deep understanding and careful study of the market and local laws.

By outlining the basic steps and necessary financial and legal procedures, we hope that this article will be a valuable guide for anyone who wants to set up a company in Dubai. We also stress the importance of choosing a reliable and specialized partner in this field, and among these reliable companies, Itqan Company stands out.

Therefore, Itqan Company provides comprehensive consulting services that include guidance in all stages of establishing companies in Dubai, from planning and organization to local laws, taxes and accounting. Thanks to its experience and advanced consulting skills, Itqan facilitates the process of establishing companies and ensures full compliance with legal and financial requirements.

After all that was mentioned briefly, it can be said that establishing companies in Dubai requires precise procedures and specialized consultation, and with Itqan Company, the process is easier and more successful. We wish you success in your investment projects in Dubai.

Frequently asked questions about establishing a company in Dubai