Company establishment service in Dubai

Dubai is one of the most prominent global destinations for establishing companies, thanks to its strategic location, the diversity of its economy, and the multiple investment incentives it offers. Establishing a company in Dubai is not only a step towards business success but is also a gateway to access global markets. In this article, we will review the importance of establishing a company in Dubai, the company establishment service in Dubai, the different types of companies that can be established, in addition to the procedures necessary to achieve this goal. Whether you are an entrepreneur looking for new opportunities or an investor who wants to expand his business, Dubai provides an ideal environment to realize your business ambitions.

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Company establishment service in Dubai

Itqan Company is one of the leading companies in providing company establishment services in Dubai. Itqan provides a comprehensive set of services that make it easier for investors and entrepreneurs to establish and operate their companies in Dubai with ease and smoothness. Below are details about the services of Itqan Company for establishing companies in Dubai :

Legal and commercial consultations: Providing specialized legal and commercial consultations to determine the optimal type of company and commercial activity that is compatible with the investor’s goals.
Assist in understanding local laws and regulations to ensure the company adheres to all legal requirements.
Preparing and submitting documents: Preparing all necessary legal documents such as the company’s articles of association and articles of association.
Submitting and notarizing documents to the competent government agencies such as the Department of Economic Development (DED) or the relevant bodies in the free zones.
Selection and registration of a trade name: Assistance in selecting and registering the company’s trade name, and ensuring its compliance with local standards and requirements.
Securing the company’s headquarters: assistance in finding a suitable headquarters for the company and completing the lease contract procedures.
Providing flexible office solutions that suit the needs of emerging companies.
Obtaining licenses and approvals: submitting applications to obtain initial and final approvals from government agencies.
Obtaining the necessary commercial licenses to practice commercial activity.
Opening a bank account: Assistance in opening a company bank account in a recognized local bank.
Providing support in dealing with financial and banking procedures.
Visa and residency services: Providing services for obtaining work and residency visas for investors and employees.
Managing all procedures related to residence and work visas.
Translation and certification services: Providing translation and certification services for official documents to ensure their acceptance by government agencies.
Support in recruitment and human resources management: assistance in recruiting the necessary cadres and providing advice on personnel affairs.
Managing all matters related to human resources.
Continuing support after incorporation: Providing ongoing support to the company in renewing licenses, permits and other legal procedures.
Providing ongoing consultations to ensure smooth and effective workflow.

The importance of establishing a company in Dubai

Dubai is considered one of the most prominent global destinations for establishing companies, thanks to a number of factors that make it an ideal environment for business. In this section, we will review the importance of establishing a company in Dubai by focusing on three main aspects: the strategic location, the encouraging investment environment, and the advanced infrastructure.

Strategic location

Dubai is located in a strategic location that makes it a global center for trade and business. The city occupies a geographical location linking eastern and western markets, facilitating access to customers and partners around the world. In addition, Dubai provides an advanced transportation network that includes world-class airports and modern seaports, making it an ideal starting point for companies seeking to expand their business internationally.

Encouraging investment environment

Dubai is characterized by an encouraging investment environment that attracts entrepreneurs and investors from around the world. The UAE government offers multiple incentives to attract foreign investments, such as tax exemptions and financial facilities. Dubai also provides a flexible and transparent regulatory environment that ensures the protection of investors’ rights and facilitates business procedures. In addition, encouraging government policies allow foreign companies to fully own ownership without the need for a local partner in many free zones.

Advanced infrastructure

Dubai boasts an advanced infrastructure that makes it an ideal environment for business growth. This infrastructure includes a modern road network, advanced commercial buildings, and high-quality logistics facilities. In addition, the city provides advanced services in the fields of communications and information technology, making it easier for companies to manage their operations efficiently. Dubai is also a regional financial center with some of the largest banks and financial institutions, providing businesses with easy access to banking and financing services.

Through these three factors, it is clear that Dubai provides an ideal environment for establishing companies and achieving commercial success. In the following sections, we will go over the types of companies available and the procedures needed to establish a company in Dubai.

Types of companies available in Dubai

When setting out to establish a company in Dubai , it is essential to understand the different types of companies that can be established, as this allows you to choose the type that best suits your business needs and goals. In this section, we will review the main types of companies available in Dubai, which are a free zone company, a limited liability company, and a subsidiary company.

Free Zone Company: Free zone companies are one of the most popular options among foreign investors in Dubai. Free zones in Dubai offer many advantages, including 100% full ownership of the company without the need for a local partner, in addition to tax exemptions and facilities in transferring profits and funds. There are many specialized free zones in Dubai, such as Dubai Internet City and Jebel Ali Free Zone, which provide an integrated work environment that supports various commercial and industrial activities.
Limited Liability Company: Limited Liability Company (LLC) is another type of company available in Dubai, and is suitable for companies that want to conduct local business activities within the Emirates. Establishing a limited liability company requires a local partner to own 51% of the company’s shares, while a foreign investor can own 49%. This company allows high flexibility in business management and represents an ideal choice for small and medium businesses.
Subsidiary Company: A subsidiary is a form of company that foreign parent companies can establish in Dubai. These companies allow parent companies to expand their business in the UAE market without having to establish a completely new company. A subsidiary has an independent legal entity, which means that it has legal and financial responsibility for its business separately from the parent company. This type of company can benefit from the advanced infrastructure and logistics services available in Dubai, facilitating the process of expansion and growth.

By understanding these different types of companies, investors can make informed decisions that fit their business objectives and strategies, enhancing the chances of success and sustainability in the thriving Dubai market.

Procedures necessary to establish a company in Dubai

Establishing a company in Dubai requires following a set of legal steps and procedures that ensure the company’s compliance with local laws and government regulations. Below we review the procedures necessary to establish a company in Dubai:

Choosing the type of company: The first step in establishing a company is to determine the type of company you want to create. There are many types of companies available in Dubai, and it is important to choose the type that suits the nature of your business and your future goals. You can choose between a free zone company, a limited liability company, or a subsidiary. Each type of company must be studied and the features and limitations associated with it understood before making a final decision.
Trade name registration: After choosing the type of company, its trade name must be registered. A trade name is the identity that distinguishes your company from others in the market. The trade name must comply with local laws and not be similar to the names of other companies. The availability of the required name can be verified through the Department of Economic Development in Dubai, which is the entity responsible for registering trade names.
Obtaining approvals and licenses: The next step is to obtain the necessary approvals and licenses to conduct business activity. The type of licenses required varies based on the type of company and its business activity. Some companies may need special licenses from certain regulatory bodies, in addition to a general license from the Department of Economic Development. This includes submitting required documents such as the articles of association, company bylaws, and personal documents of shareholders and directors. After submitting the necessary applications, the applications are reviewed by the competent authorities and then the licenses required to legally start the business are issued.

Establishing a company in Dubai requires precision and attention to all legal and administrative details to ensure the process runs successfully. By following these measures, new business owners can establish their companies in a flexible and supportive economic environment, and take advantage of the investment opportunities available in Dubai.

The cost of establishing a company in Dubai

Establishing a company in Dubai is considered an attractive option for entrepreneurs and investors from all over the world, due to the thriving economic environment, excellent infrastructure and available facilities. However, investors should be aware of the incorporation costs associated with starting a business in Dubai, which include a variety of important factors.

First: licensing and registration costs
Licensing and registration costs include obtaining a commercial license from the relevant local authorities. These costs vary based on the type of business and the geographic area in which the company will be established. Commercial licenses can vary between industrial, commercial, service, and professional activities.

Second: Office rental costs
New companies need a place to work, whether it is a small office or a larger space in a business center. Rental costs vary based on the location, size of the office, and the services provided within it. Free zones provide multiple options at varying prices to suit all budgets.

Third: Recruitment and visa costs
New companies must provide work visas to employees, which include certain fees. In addition, recruitment costs such as salaries, training, and health insurance for employees must be considered.

Fourth: Legal and administrative costs
These costs include attorney fees and legal consultations to ensure compliance with local laws, as well as fees for administrative services such as accounting and preparing financial reports.

Fifth: Infrastructure costs
Infrastructure costs include obtaining office equipment, computers, furniture, and communications. Businesses may also need to invest in technology and software to support their daily operations.

Sixth: Marketing costs
The costs related to marketing and advertising cannot be ignored, as new companies must build their brand and reach potential customers. These costs may include advertising campaigns, digital marketing, and brand and website design.

In conclusion, setting up a company in Dubai requires careful consideration of various costs and good budget planning. Despite the many costs, the significant benefits that can be gained from working in Dubai’s investment environment make these costs a worthwhile investment.

In conclusion, Dubai is one of the most prominent global destinations for establishing companies thanks to its distinguished strategic location and encouraging investment environment, in addition to an advanced infrastructure that supports economic growth. Establishing a company in Dubai is not just a step towards achieving business goals, but rather an investment in a bright and prosperous future.

Dubai offers a variety of company types to suit different investment needs and visions, whether it is a free zone company, a limited liability company, or a subsidiary. By carefully following the necessary procedures, such as choosing the appropriate company type, registering the trade name, and obtaining the necessary approvals and licenses, entrepreneurs can achieve a strong and sustainable start in this vital market.

So, if you are looking to expand your business or start a new adventure in the world of business, Dubai offers you everything you need to succeed. Take advantage of the available opportunities and benefit from government support and competitive advantages to establish your company and make it a new success story in the city of opportunities.

The most important frequently asked questions about the company establishment service in Dubai

What are the documents required to establish a company in Dubai?

Documents include partners’ passports, lease contract, business plan, trade license, and required fees.

How long does it take to establish a company in Dubai?

The process can take from several days to a few weeks, depending on the type of company and the procedures needed.

Can foreigners establish a company in Dubai?

Yes, foreigners can establish companies in Dubai, especially in free zones where they can fully own the company.

What are the fees associated with setting up a company in Dubai?

Fees vary depending on the type of company and the region in which it is established, and include licensing fees, registration fees, and office rental fees.