Establishing a new company in Dubai

Steps to establish a new company in Dubai

Dubai is one of the most important economic centers in the world, providing a great environment for entrepreneurship and establishing new companies. If you are thinking about establishing a company in Dubai, you must consider several legal and administrative steps and procedures. Below are the steps to establish a new company in Dubai

1. Choosing a company type: You must determine the appropriate company type for your goals, whether it is a sole proprietorship, partnership, or limited liability company.
2. Choosing a company name: Choose a name that is distinctive and not similar to the names of other companies, and make sure to register it with the relevant authorities.
3. Determine the company’s activity: Determine the type of commercial activity you intend to practice and obtain activity licenses from the relevant authorities.
4. Submitting the necessary documents: Submit the required documents such as copies of the passport, residence certificate, and other documents to government agencies.
5. Payment of fees: Pay the fees required to register the company and obtain a commercial license.
6. Company Establishment: After completing all procedures, the business license will be issued and the company officially established.
7. Registration in the Chamber of Commerce: Register with the Chamber of Commerce and register with other government agencies if necessary.
8. Obtaining work permits: If you need to hire employees, obtain the necessary work permits.
9. Adherence to legal and tax controls: Ensure compliance with all legal and tax controls related to the company’s work.
10. Starting business: After all procedures are completed, you can start doing your business.

Itqan Company provides comprehensive consulting services in the field of establishing companies in Dubai, as it helps you in achieving all the necessary procedures efficiently and accurately, and provides the necessary support to register the company and obtain the commercial license smoothly.

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

Free zones, in general, are commercial zones that are established by countries with the aim of increasing trade activity and attracting internal and external investments. The state offers great commercial temptations to investors, such as the possibility of owning land and many tax and customs exemptions for the purpose of stimulating labor movement, establishing companies, and attracting capital.

As for the UAE, it began establishing the first free zone in 1985 when it established the Jebel Ali area, which was the nucleus for setting the basic standards for establishing such areas in the Emirates. On this basis, dozens of free zones have been established so far, and the UAE, and the Emirate of Dubai in particular, has become one of the most important pioneering cities. In this area. One of the most important advantages offered by the Emirate of Dubai in particular and the UAE in general is that it has become possible for foreign investors to fully own lands and companies.

• Jebel Ali Technology Park: It focuses on technological innovation and includes information and communications technology companies, and is characterized by advanced infrastructure and services supporting companies.
• Gulf Free Trade Zone (JAFZA): It is considered one of the largest free zones in the world, and is distinguished by providing an ideal environment for commercial and industrial companies through its large facilities and simple procedures for establishing and operating.
• Dubai World Trade District (Dubai World Central – DWC): It includes Al Maktoum International Airport and focuses on global logistics and shipping, facilitating world-class trade and distribution operations.
• Dubai Smart Investment District (DSI): Focuses on smart technologies and innovations in areas such as energy, resources and infrastructure, and provides an ideal environment for smart technology companies.
• Dubai Artisans District (DIC): Focuses on innovation and creativity in the fields of media, technology and science, and provides a stimulating environment for start-ups and innovative companies.

Advantages of these free zones include:

• Tax breaks: Many free zones provide tax breaks such as no income or corporate taxes for specified periods, which attracts companies and investors.
• Ease of establishment: These areas provide simple and quick procedures for establishing companies, facilitating the start-up and operation process.
• Advanced infrastructure: These areas have advanced infrastructure that includes facilities such as warehouses, logistics areas, and industrial areas, which supports production and distribution operations.
• Easy access to global markets: Thanks to their strategic location and easy availability of ports and airports, these free zones provide easy access to global markets and facilitate international trade operations.

These features make the free zones in Dubai a preferred destination for companies and investors who are looking for an ideal environment to develop their businesses and achieve sustainable success. Itqan Company plays an important role in supporting companies and investors who aim to benefit from the free zones in Dubai.

Requirements for setting up a company in Dubai

• First, the commercial activities that are being operated can be identified in order to know the property used to establish the companies.
• You can establish your company through websites, by responding to some messages addressed to you from some trustworthy websites, where all forms are filled out online.
• Provide all the information that concerns you and the project you are applying for. After obtaining approval, you can also pay the fees to establish the company through the bank. This work is completed within days without any suffering. Seven days after receiving the transfer, the address of the place and the goods being worked on are sent. Easily.
• It is possible that you search for some other companies or different places in order to obtain a suitable place to complete the company. This matter is also considered one of the important matters that requires deep thinking in order to reach a suitable solution and establish a more vibrant company.
• A name specific to the company must be chosen, but this name must be compatible with UAE rules and standards and not violate the laws.
• Providing capital for the start of a large, restricted project.
• Prepare all public tax papers and dispose of them before implementing the company, and obtain official papers and licenses.
• Creating a bank account and issuing a special visa is one of the conditions for establishing a company recently.
• There must be an Emirati partner in the company, and nothing else is done unless there is an influential person.
• Itqan has a professional team ready to help you establish your business easily (commercial register – equipped offices – investor residency). Thanks to our integrated services, you can establish your company using models specifically designed to suit your needs.

Our office provides you with the support you need to establish your business by giving you a range of options that allow you the freedom to determine the optimal path that suits your personal requirements. In addition, you will receive assistance in every step of the establishment, starting from submitting the application, through registering company information, choosing the activity, and ending with renting the headquarters and obtaining the license.

Costs of establishing a company in Dubai

Costs of establishing a company in Dubai

• The cost of a commercial license “The cost of a commercial license in the Dubai Free Zone ” (license to practice business).
• The cost of the company’s location or the office from which you want to do your business (the annual rent for the office or the cost of purchasing a new office).
• Costs related to office furniture and decoration.
• The cost of work permits and visas required for employees sponsored under your company name.
• Open a bank account in the name of the company and deposit the minimum capital required according to your type of business.

The legal form of the company also plays a fundamental role in whether the cost of establishment increases or decreases. For example, the costs of establishing industrial companies are higher than in commercial and professional companies.

The trade license in Dubai is the most important document you need, and of course we help you obtain the trade license in the easiest way possible.

The most important initial steps are to know all the costs of establishing companies.

If you are planning to establish a commercial company in Dubai, you must determine the options in order to be able to determine the cost, such as is the company large or small, how many employees, and what place do you want to establish the company in?

Therefore, you must know the required fees, because there are new commercial licenses that you must obtain for a fee and fees, in addition to obtaining visas for the company’s employees. There are costs to sponsor employees and provide them with the necessary visas and papers in order to be allowed to reside in the United Arab Emirates.

Procedures for establishing a company in Dubai

The Emirates is working to facilitate all ways of investing in it, as it makes the procedures for establishing a company there simple and uncomplicated. There are several important steps that must be followed to establish a company in Sharjah , Dubai, or any region in the Emirates, which are:

1. Determining the activity: The first step in order to start investing in Dubai is to determine your activity, and it also depends on you choosing the activity that is appropriate for the location and also that the activity is among the needs of the population consuming the product in the location you have chosen and the activity that has been identified.
2. Commercial Registration: This is the second plan. In this step, you can determine the trade name of the company that you are establishing, and based on that, start it. You must fulfill all the requirements of the Department of Economic Development in order to be able to obtain approval to register your company.
3. Initial approval: You must initially obtain approval from the General Administration of Residency and Foreigners Affairs, and then we will move on to initial approval from the rest of the relevant bodies.
4. Determining the location of the company: It is necessary for a company to be established in Dubai for foreigners to have a fixed location and a legal headquarters in Dubai in particular or in the Emirates in general, as it requires you to obtain a documented lease contract from the Dubai Real Estate Regulatory Authority.
5. Approval of the relevant authorities in the company: such as transportation authorities, as well as the authorities responsible for insurance in the company, as well as legal consultations.
6. Obtaining an instant license in Dubai: In order to obtain the license, there are several steps:
7. Pay the cost of a commercial license in the Dubai Free Zone
8. Collect all attachments and documents related to the company and everything related to it and submit them to the Department of Economic Development

Cost of a business license in Dubai Free Zone

The success of investing in Dubai begins with knowing the expenses that you will need to establish a company in Dubai for foreigners, and the most important of these expenses is the cost of a commercial license in the Dubai Free Zone, as the Department of Economic Development in Dubai provides many things, including which company owners can estimate what fees are required to establish their business. .

She must know that if she chooses to establish a company in one of the free zones in Dubai, each free zone has different fees for its license, and some free zones require the owner to have a minimum capital that cannot be less than it.

Advantages of choosing to invest in Dubai

There are several advantages that make investing in Dubai enjoyable and also very profitable, and you can find out about this through:

• Dubai is considered the ideal market for investment, even though it is considered an emerging market
• The UAE government provides full support to investors in general and foreign investors in particular, as it facilitates the licensing and residency visa processes for the founders and for the company’s employees.
• Provides projects that have proven strong success with many grants and financial support.
• The influx of people to reside in Dubai makes Dubai a very important commercial center and a strong attraction for investment.

Our role is to help you establish a new company in Dubai and provide the necessary support

Itqan plays a vital role in establishing new companies in Dubai. Here are some of the services provided by Itqan in this context:

1. Business Consulting: Itqan provides specialized consulting to investors who wish to establish a new company in Dubai. These consultations include evaluating opportunities, analyzing the market, and identifying investment needs.
2. Determining the correct type of company: Itqan is considered an expert in determining the correct type of company according to the needs and goals of the investor, whether it is a local company, a free company, or a company in the free zones.
3. Establishment and registration arrangements: Itqan arranges all the necessary procedures for establishing the company, including issuing licenses, registering with the competent authorities, and obtaining the necessary licenses.
4. Assistance with legal and financial regulations: Itqan provides support in understanding the legal and financial regulations related to establishing companies in Dubai, which helps to avoid potential problems in the future.
5. Assistance in choosing the ideal location: Itqan provides assistance in choosing the appropriate location for the new company, whether it is in the free zones or in the appropriate industrial or commercial areas.

In short, Itqan plays a vital role in facilitating the process of establishing new companies in Dubai, which helps these companies succeed and achieve their goals efficiently and easily.

Our company’s role in establishing a new company in Dubai

At the conclusion of this article, we find that establishing a company in Dubai represents a smart and successful investment step in cooperation with Itqan Company. The city enjoys an encouraging economic environment, advanced infrastructure, and flexible economic policies that attract companies and facilitate their establishment and operation processes.

Through Itqan Consulting, investors can obtain specialized support and guidance in every step of establishing a company, starting from studying the market, determining the appropriate type of company and developing strategic plans, all the way to implementing legal procedures and obtaining the necessary licenses.

Moreover, Itqan Company provides distinguished assistance in negotiating with stakeholders and managing business relationships, which helps accelerate the establishment process and achieve success faster and more efficiently.

In this way, it can be said that establishing a company in Dubai in cooperation with Itqan Company is a promising investment that provides the opportunity for investors to join the city’s thriving business market and achieve success and sustainability in their business operations.

Frequently asked questions about establishing a new company in Dubai