The way to open a company in Dubai has now become smoother through electronic services via the Internet at any time and from anywhere in the world. In a few minutes, you can complete all the procedures and obtain commercial licenses to establish your business in Dubai while sitting where you are without the need to travel to Dubai and go to offices. Providing the service, in this article we learn how to open a company in Dubai via the Internet.
Under the efforts of the UAE government to facilitate the necessary procedures for establishing projects in Dubai, the government provided various electronic services that made Dubai an attractive investment center for investors and entrepreneurs. Among these electronic services is the “Basher Your Business” electronic service, through which it provides the easiest way to open a company in Dubai via the Internet. Without any additional fees for using the electronic service, the investor only pays the commercial license costs imposed by the government.
The service provides the process of obtaining commercial licenses in a few minutes from anywhere in the world, which saves time, effort and money, and this is what the foreign investor is looking for.
How to open a company in Dubai
Opening a company in Dubai requires following several steps and procedures. Below is an overview of how to open a company in Dubai:
- Choosing the type of company: You must first choose the appropriate type of company that suits the proposed business activity, whether it is an individual company, a joint-stock company, or a limited liability company, in accordance with local laws and regulations.
- Determine the business activity: Next, the main business activity that the company will undertake must be determined, and this activity must be compliant with local permits and licenses.
- Choosing a trade name: You must choose an appropriate and non-duplicate name for the company, and ensure that it complies with local regulations and legislation.
- Preparing the necessary documents: Opening a company requires preparing a set of documents, such as the articles of incorporation and articles of association (if it is a joint stock company), passports for shareholders, and other required documents.
- Submitting the application and paying the fees: After preparing the documents, you must submit an application to open the company to the relevant authorities in Dubai, pay the prescribed fees to register the company and obtain the necessary licenses.
- Obtaining licenses and permits: After submitting the application, you must wait until obtaining the necessary approvals and licenses from the local authorities in Dubai.
- Registering the company and obtaining a commercial license: After meeting all conditions and obtaining approvals, the company is officially registered and the necessary commercial license is issued to start business.
- Opening a bank account: A bank account must be opened in the name of the company and the required capital must be deposited in the bank account.
These steps are the basic procedures that must be taken to open a company in Dubai, and you should be aware that they may differ slightly depending on the type of company and the proposed business activity.
Advantages of opening a company in Dubai
There are many advantages that make opening a company in Dubai an attractive option for investors and entrepreneurs. Among these features:
- Vibrant business environment: Dubai has a vibrant and dynamic business environment that encourages innovation and leadership.
- Strategic location: Dubai is located in the heart of the Middle East, making it a center for trade and investment and providing access to regional and global markets.
- Advanced infrastructure: Dubai features advanced infrastructure, including ports, airports, roads and communications, which facilitates transportation and distribution operations and supports business.
- Flexible investment laws: Dubai offers flexible investment laws and an advanced legal system that protects investors’ rights and encourages business.
- Government Facilities: The Dubai government provides a wide range of facilities and assistance to new companies, including obtaining licenses, financing, and logistical support.
- Cultural Diversity: Dubai’s cultural diversity attracts an international community of skilled workers, providing companies with access to a diverse range of talent and skills.
- Tax exemptions: Many free zones in Dubai offer attractive tax exemptions, which helps companies achieve financial gains.
- Government guidance and support: The Dubai government provides support and guidance programs for new businesses, including training opportunities and government programs for innovation and leadership
Conditions for opening a company in Dubai
To open a company in Dubai, conditions vary based on the type of company and proposed business activity, but there are some general conditions that usually must be met. Here are some common conditions:
- Obtaining a permit from the local authorities: You must obtain a permit from the local authorities in Dubai to open the company, based on the type and commercial activity of the company.
- Compliance with Laws and Regulations: The company and all its activities must comply with local laws and regulations in Dubai and the United Arab Emirates.
- Necessary capital: The necessary capital must be provided according to the conditions specified for the type of company, and these requirements can vary depending on the type of company.
- Providing the necessary documents: All documents required by the local authorities in Dubai must be submitted, such as articles of association, articles of association, passports, etc.
- Business Address: The company must have an approved business address in Dubai, and this address can be in a rental office or owned office space.
- Providing the required guarantees: Some companies may require the provision of financial guarantees or insurances to ensure compliance with financial and legal obligations.
- Compliance with health and safety conditions: The company must comply with all health and safety conditions applicable in Dubai, and these conditions may include health and safety certificates and insurance.
- Necessary insurances: Some companies may require employee, property, or other insurances according to specific conditions.
Investors must carefully review the specified conditions and verify their requirements with the competent authorities in Dubai before starting the process of opening the company.
Advantages of opening a company in Dubai
Papers necessary to open a company in Dubai
To open a company in Dubai , you have to prepare many necessary documents and papers. Here is a list of basic papers you may need:
- Articles of Association: It includes information about the shareholders, their percentage of contribution to the capital, details of the proposed business activity, and the company structure.
- Articles of Association (in the case of joint stock companies): A document that specifies the rules and procedures governing the management and operation of the company.
- Passports: Copies of passports of all major shareholders and directors of the company.
- Personal photos: Personal photos of all key shareholders and directors.
- Copy of residence permit: Copy of residence permit for all major shareholders and managers.
- Company registration form: contains information about the company such as the company name, address, and business activity.
- Address Confirmation Document: A document confirming the company’s official address, such as a lease or confirmation letter from the landlord.
- License Application Form: Used to apply for a license to open a company.
- Health and Safety Notice: Proves that the space designated for the company’s headquarters complies with health and safety standards.
- Insurance papers: Government agencies may request insurance papers for some workers or property.
The required documents must be verified with the relevant government authorities in Dubai, as requirements may vary based on the type of company and its activity. You can also cooperate with Itqan Company’s consultants to ensure that all required documents are completed and procedures are correct.
In conclusion, establishing a company in Dubai represents an important strategic step for investors and entrepreneurs seeking to exploit the vast opportunities available in this dynamic market. By following the right procedures and complying with local conditions and regulations, investors can build a successful and thriving business in Dubai.
Dubai provides a convenient and flexible business environment, with advanced infrastructure and flexible investment laws that encourage innovation and growth. In addition, Dubai enjoys a distinct strategic location that facilitates access to regional and global markets, making it an ideal destination for business.
The most important frequently asked questions about how to open a company in Dubai
What are the basic steps to open a company in Dubai?
The basic steps include choosing the type of company, defining the business activity, choosing the trade name, preparing the necessary documents, submitting the application and paying the fees, obtaining licenses and registering the company, and opening a bank account.
What is the amount required to open a company in Dubai?
The amount required varies depending on the type of company, its activity, and capital requirements. Generally, sufficient capital must be available to cover basic costs and operational needs.
What are the different types of businesses that can be opened in Dubai?
Many different types of companies can be opened in Dubai, including sole proprietorships, joint stock companies, limited liability companies, and others.
What are the fees and costs associated with opening a company in Dubai?
Costs consist of registration fees, government fees, legal and accounting consulting fees, etc. Care must be taken in estimating costs to avoid unwanted surprises.
