Requirements for establishing a company in Dubai

Requirements for establishing a company in Dubai, the charming city that sits on the throne of the United Arab Emirates and is considered one of the most preferred investment destinations in the world. Thanks to its wise economic policies and attractive business environment, the city is witnessing a massive investment influx by entrepreneurs and companies aspiring to launch and grow in this vital destination. With the availability of diverse investment opportunities and attractive tax incentives, establishing a company in Dubai is a strategic choice for many investors and aspiring entrepreneurs.

However, it is no secret that establishing a company in Dubai is not a simple matter, as it involves a set of legal and regulatory requirements and procedures that must be carefully met to ensure success and continuity. From this standpoint, “Itqan” Management Consulting Company comes to provide the necessary support and expertise to entrepreneurs and investors wishing to establish their companies in Dubai. Through its specialized team and its extensive knowledge of the legislative and regulatory environment in the emirate, “Itqan” helps its clients understand all the requirements necessary to establish their project and overcome various bureaucratic challenges efficiently and quickly, which enables them to begin practicing their commercial activities without obstacles. In cooperation with “Itqan”, entrepreneurs will be able to benefit from the enormous investment opportunities that Dubai abounds and move confidently towards their growth and expansion goals.

Steps for establishing a company in Dubai

Dubai, a city that has become a global business and investment hub, attracts thousands of companies and investors annually thanks to its favorable legislative environment and attractive tax incentives. However, setting up a company in this successful emirate requires carefully following specific procedures to ensure that all legal and administrative requirements are met. In this context, “Itqan” Management Consulting Company offers its extensive experience to help entrepreneurs and investors establish their companies in Dubai smoothly and effectively. Steps for establishing a company in Dubai:

• Choosing the legal form of the company: The investor must first determine the appropriate legal form for his project, whether it is a limited liability company, a public joint stock company, or other available legal forms.
• Obtaining a commercial license: After determining the legal form, you must obtain a commercial license from the Department of Economic Development in Dubai. This requires submitting a set of required documents.
• Choosing an office location and obtaining a lease: Choosing the right location for the company’s office is crucial, so you must coordinate with the building owner or leasing agent to obtain a valid and approved lease.
• Opening a bank account: After obtaining the commercial license, the founders must open a bank account in the name of the company to manage its financial transactions.
• Obtaining additional licenses: Depending on the nature of the company’s activity, it may be necessary to obtain additional licenses from the relevant authorities, such as a health and safety license or a municipal license.
• Registering the company with governmental bodies: The founders must register the company with the relevant governmental bodies, such as Social Insurance and the Human Resources Department.

In cooperation with “Itqan” Management Consulting Company, entrepreneurs are able to complete these procedures with high efficiency and complete the process of establishing their companies in Dubai quickly and easily.

The first steps to establishing a company in Dubai

Dubai, the leading financial and economic center in the Middle East, is an ideal destination for entrepreneurs and investors aspiring to establish their companies. This emirate enjoys a favorable business climate, with attractive tax and legislative incentives, along with advanced infrastructure and a safe and supportive business environment for commercial activities. However, the process of establishing a company in Dubai requires carefully following specific steps to ensure full compliance with legal and administrative requirements. The first steps to establishing a company in Dubai:

Determine the legal form of the company:

• The founders must initially choose the most appropriate legal form for their company, whether it is a limited liability company, a public joint stock company, or other available forms.
• Requirements and procedures vary based on the specific legal form.

Choose a company name:

• You must choose a unique name that is compatible with the laws and regulations in force in Dubai.
• It should be ensured that there is no similarity with the names of other companies registered in the emirate.

Preparing the company’s articles of incorporation:

• The company’s articles of incorporation are prepared according to the chosen legal form, which defines the objectives, activities and administrative structure of the company.
• The contract must be in accordance with the laws and regulations in force in Dubai.

Obtaining a commercial license:

• After determining the legal form and preparing the articles of incorporation, the founders must obtain a business license from the Department of Economic Development in Dubai.
• This step requires submitting a set of required papers and documents.

Following these initial steps carefully and precisely paves the way for creating a successful company in Dubai. Investors and entrepreneurs can benefit from the expertise of specialized consultants to ensure full compliance with the laws and complete these procedures smoothly.

Documents required to establish a company

Documents required to establish a company

Establishing a company in Dubai requires submitting a set of official documents to the relevant government agencies. These documents ensure full compliance with the laws and regulations applied in the emirate and facilitate the process of obtaining the necessary approvals to start commercial activity. Understanding these documentary requirements clearly and organizing them carefully is critical to the success of the incorporation process. Documents required to establish a company in Dubai:

Company incorporation contract:

• An official document that defines the legal form of the company, its objectives, its administrative structure, and the rights and obligations of the partners.
• The contract must be in accordance with the laws and regulations in force in Dubai.

Copy of passports of partners:

• Copies of passports of all founding partners of the company.
• This document proves the identity and nationalities of the partners.

Copy of residency (for non-citizen partners):

• For non-UAE national partners, copies of their residency must be submitted.
• This confirms their eligibility to participate in establishing the company.

Real estate ownership certificate (if the company has a registered address):

• If the company has a registered address, a certificate of ownership of the property must be submitted.
• This document proves the company’s right to use this address as its headquarters.

Approvals of relevant authorities (if any):

• In some businesses, approvals from certain government agencies may be required beforehand.
• These approvals must be submitted within the required documents.

Commitment to submitting these key documents completely and accurately is crucial to ensuring the success of the incorporation process, and obtaining the necessary approvals to start operating in Dubai.

Necessary procedures for obtaining initial approvals to establish a company

The process of obtaining initial approvals is one of the basic and crucial steps in establishing a company in Dubai. These approvals form the legal and regulatory basis for the company, and ensure its compliance with the regulations and laws in force in the emirate. Understanding the procedures needed to obtain these approvals and properly organizing the process is crucial to ensuring a smooth and rapid company set-up. Necessary procedures for obtaining initial approvals to establish a company in Dubai :

Choosing the legal form of the company:

• Determine the appropriate legal form for the company, such as a limited liability company or a public joint stock company.
• This option will determine the establishment requirements and necessary procedures.

Choose a company name:

• Choose a name that is unique and not previously used, consistent with the company’s activities and registration regulations.
• Verify that the proposed name is available and does not conflict with any other names.

Obtaining company name approval:

• Submit an application to obtain company name approval from the Department of Economic Development in Dubai.
• This approval confirms the validity of the company name and allows incorporation procedures to proceed.

Preparing the company’s articles of incorporation:

• Preparing the memorandum of association document in accordance with the legal form of the company and its activities.
• The contract must be in compliance with the laws and regulations in force in Dubai.

Obtaining approvals from the relevant authorities:

• If the company’s activity requires approvals from certain government agencies, they must be obtained in advance.
• These approvals may include ministries or bodies related to the nature of the company’s work.

Submitting an application for incorporation to the Department of Economic Development:

• Submit all required documents to the Department of Economic Development in Dubai.
• Obtaining initial approvals to initiate official establishment procedures.

Following these steps carefully and systematically will ensure that the initial approvals necessary to establish a company in Dubai are obtained smoothly and efficiently.

Learn about the requirements for establishing a company in Dubai

Establishing a company in Dubai requires close cooperation with Itqan, one of the leading companies in the field of legal consulting and company incorporation in the emirate. Itqan Company has extensive experience in dealing with relevant government agencies and applying the best practices and guidelines regulating the establishment of companies in Dubai.

By working with Itqan, the founders of the new company will ensure that all legal and regulatory requirements are handled efficiently and smoothly. Itqan Company will provide the necessary legal advice to choose the most appropriate legal form for the company, prepare the articles of incorporation in accordance with applicable regulations, and coordinate with the competent government authorities to obtain the required initial approvals. The company will also complete registration and licensing procedures to ensure the legality and legitimacy of the new company’s operation in Dubai.

In cooperation with Itqan, the company’s founders will be able to focus on developing strategic and operational plans for their business, while the consulting company handles the administrative and legal requirements. This cooperation will lead to the creation of a strong and sustainable company with a solid legal foundation, which will enhance its chances of success and growth in the UAE market.

In conclusion, by benefiting from the experience and efficiency provided by Itqan Company, the new company founders in Dubai will be able to focus on developing their business and investing in their growth, relying on the distinguished legal and investment consulting services provided by Itqan Company.

Frequently asked questions about the requirements for establishing a company in Dubai