Dubai is one of the most prominent global destinations for opening a company in Dubai, as it is distinguished by its strategic location between Asia, Europe and Africa, and provides an advanced investment environment that supports business growth and expansion. Opening a company in Dubai represents a golden opportunity for investors and entrepreneurs seeking to benefit from the great facilities and modern infrastructure provided by the emirate. With the government’s continuous support for diversifying the economy, establishing companies in Dubai has become smoother and more flexible.
The Dubai economy offers many advantages to attract investors, including tax exemptions in free zones, advanced legislation that facilitates business, and government services that rely on technology to simplify procedures. Dubai allows foreigners to fully own companies in many free zones, giving them greater independence in managing their businesses. The availability of various options for establishing companies in Dubai, such as limited liability companies (LLC), international branches, and companies in free zones, makes Dubai an ideal destination for large and small companies alike.
In addition, investors have the opportunity to access a wide regional and global market through Dubai, which is a major commercial gateway to the Middle East and North Africa. Dubai also offers a stable and safe business environment with full infrastructure support in terms of transportation, communications, and logistics, enabling businesses to grow and expand effectively.
Making the decision to open a company in Dubai requires careful consideration of the available options, including choosing the right type of company, complying with local laws, and preparing the necessary documents. With the availability of specialized consulting and professional services, new investors can navigate this dynamic market and successfully capitalize on the available business opportunities.
Steps to open a company in Dubai
Establishing a company in Dubai requires following several steps and procedures. Here are the general steps to open a company in Dubai:
1- Choosing the type of company: You must first determine the type of company you wish to establish, such as a sole proprietorship, a limited liability company, a two-person or more company, or a subsidiary.
2- Choosing the company name: You must choose a unique name for the company and ensure that it has not been used before.
3- Determining the shareholders and directors: The shareholders and directors who will manage the company’s affairs must be identified.
4- Determining the business activity: The company’s activity must be accurately determined according to the required permits and licenses.
5- Determining the location and area: The location of the company’s office and the required area must be determined according to the business needs.
6- Preparing the necessary documents: The documents required to register the company must be prepared, such as the articles of association and personal documents of the shareholders and directors.
7- Submitting the application and obtaining licenses: After preparing the documents, the application must be submitted to the relevant registration authority and obtaining the necessary licenses.
8- Paying fees: Opening a company requires paying the registration fees and required licenses.
9- Registering the company in the commercial register: After fulfilling all the conditions and licenses, the company is registered in the commercial register and the registration certificate is received.
10- Opening a bank account: A bank account must be opened in the company’s name to manage financial transactions.
11- Compliance with tax controls: Ensure compliance with all tax controls and financial permits required.
12- Signing contracts and agreements: The necessary contracts and agreements for the company must be signed by the competent authorities.
13- Compliance with practical regulations and laws: The company must comply with all practical regulations and laws in Dubai.
The best company to open companies in Dubai
Itqan Company is considered one of the best companies specialized in establishing companies in Dubai, and provides integrated services to investors and businessmen seeking to establish their companies in the emirate. Itqan Company stands out with several advantages that make it the ideal choice for those looking for comprehensive and effective support in this field:
Extensive experience: Itqan has extensive experience in establishing companies in Dubai, as it is well-versed in the laws and regulations of the emirate, and helps clients in all steps of establishing the company.
Integrated services: Itqan provides a comprehensive set of services that include providing legal advice, choosing the appropriate location, obtaining commercial licenses, and implementing procedures related to immigration and visas.
Saving time and effort: Thanks to its specialized team and smooth procedures, Itqan saves its clients time and effort in dealing with legal and registration procedures, helping them focus on growing their businesses.
Continuous support: The company provides continuous support to its clients even after the company is established, whether through providing advice, managing accounts, or helping with expansion and innovation.
Possibility of establishing companies in free zones: Itqan supports the establishment of companies in free zones, allowing investors to benefit from many advantages such as full ownership and tax exemptions.
Customized consultations: The company provides customized consultations based on the needs of each client, ensuring that the company establishment process is in line with business goals and investment ambitions.
Commitment to transparency and professionalism: Itqan is committed to the highest standards of transparency and professionalism, which enhances trust between the company and its clients and ensures the provision of high-quality services.
The cost of establishing a company in Dubai
The cost of establishing a company in Dubai varies based on several important factors that play a major role in determining the total expenses. The most prominent of these factors is the location of the company, whether it is on the mainland or in one of the free zones, as well as the type of business activity and the structure of the company. Establishing a company in free zones is a popular choice among investors, as these areas provide many advantages, such as tax exemptions and full ownership for foreigners, but this comes with certain costs, including annual fees and licenses.
In addition, the cost of establishment includes other expenses related to registering the company and obtaining the appropriate trade license. License fees vary depending on the type of business activity to be practiced. Also, companies must have an official headquarters, whether by renting an office or subscribing to shared space packages, which adds an additional cost to the process.
Other factors that affect the cost of establishment include fees related to opening a bank account, the costs of obtaining work visas for employees, in addition to the fees of consultants or service offices that help facilitate the establishment process.
In general, it can be said that the cost of establishing a company in Dubai is not fixed, but rather depends on a variety of variables, but the flexible and supportive business environment makes Dubai a profitable option for investors in the long term, thanks to economic incentives and easy access to regional and global markets.
In conclusion, talking about opening a company in Dubai, it can be said that this step represents a golden opportunity for investors and entrepreneurs looking to enter a thriving and diverse economic market. Dubai has unique advantages that make it a preferred destination for businesses from all over the world, thanks to its advanced infrastructure, flexible commercial laws, tax exemptions, and the availability of free zones that allow foreign investors full ownership of companies.
In addition, the ease of procedures and the availability of comprehensive government support for entrepreneurs make Dubai an ideal choice for establishing businesses, whether small, medium or large. With many options available to companies such as free zones and the mainland, investors can choose the structure that suits the nature of their activity and business goals.
With all these facilities, Dubai remains a global center that encourages innovation and investment in various fields such as technology, tourism, trade, and real estate. Dubai’s commitment to continuous improvement of infrastructure and development of economic legislation contributes to making its business environment attractive and safe.
Ultimately, establishing a company in Dubai is an important step that requires good planning and a deep understanding of the procedures and legal requirements to ensure the success of the business. In addition, seeking the help of experts or specialized consulting companies can greatly contribute to speeding up the process and avoiding potential obstacles. By implementing the right strategies and exploiting the available opportunities, new companies can make the most of Dubai’s unique investment climate and achieve success and sustainable growth.
Top FAQs about starting a company in Dubai
What are the types of licenses available to start a company in Dubai?
There are several types of business licenses available, such as a commercial license, an industrial license, and a professional license. The type of license depends on the nature of the business activity you intend to engage in.
Can foreigners establish companies in Dubai?
Yes, foreigners can establish companies in Dubai, especially in free zones where foreign investors can own 100% of the company. In local companies, there can be a local partner.
What are the documents required to establish a company?
The required documents include passports for investors, copies of lease contracts (for the office or location), details of the business activity, and company articles of association depending on the type of activity.
What are the main benefits of establishing a company in Dubai?
The main benefits include no personal income taxes, a stable economic environment, great investment opportunities, and advanced infrastructure that facilitates business operations.
Do I need a local partner to establish a company in Dubai?
If you want to establish a company outside the free zones, most companies require a local partner who owns 51% of the company’s shares. But in free zones, a foreigner can own the company entirely.
