Company registration procedures in Dubai

Dubai, the international business capital and innovation hub, is an ideal destination for entrepreneurship and building successful companies. If you are planning to establish your company in Dubai, Dur Itqan Company can be the ideal partner for you on this journey. In this article, we will review together the procedures for successfully registering a company in Dubai and the role of Itqan Company in this process and establishing a company in Dubai .

Dubai is considered one of the world’s leading cities for business and investment, as it provides a distinctive and advanced business environment that attracts investors from all over the world. One of the basic steps to starting a business in Dubai is registering the company, and here comes the role of Itqan Company to provide the necessary expertise and consultations to facilitate this process.

Company registration procedures in Dubai

Dubai, the international business capital and innovation hub, is an ideal destination for entrepreneurship and building successful companies. If you are planning to establish a company in Dubai

1. Choosing the type of company: You must determine the type of company you want to establish, whether it is a limited liability company (LLC), a public joint stock company (PJSC), a sole proprietorship, or any other type that suits your business.
2. Choosing a name and ensuring its availability: You must choose a unique name for the company and ensure that it is available and not repeated in the commercial database in Dubai.
3. Preparing the necessary documents: The company’s articles of incorporation: It specifies the company’s structure, its members, and their responsibilities.
   Activity permit: defines the company’s intended and legally permitted activity.
   Passport and personal photos of legal officials and shareholders.
   Details of the company’s national address.
4. Company registration with the Department of Economic Development (DED): You must submit the required documents and pay the applicable fees to register the company with the Dubai Department of Economic Development.
5. Obtaining a trade permit: After registering the company with DED, a trade permit must be obtained from the municipality to start business.

These are general steps, and can change based on the type of company and business. The role of Itqan Company can be helpful in all these steps by providing the necessary consultations and knowledge of the legal and regulatory procedures in Dubai.

Company registration in Dubai

The difference between registering a company in Dubai and the free zone

This table highlights the main differences between registering a company in Dubai itself and establishing a company in a free zone in Dubai . There are also advantages and disadvantages to each, and the appropriate choice depends on the company’s needs, the type of business and the planned financial strategy.

Documents required to register the company in Dubai

These documents are the basic documents that are usually required for company registration in Dubai. The documents required for company registration in Dubai vary based on the type of company and its activity, but generally, they include the following basic documents:

1. Articles of Association: The Articles of Association determine the company’s structure and the responsibilities of the partners or shareholders, and include the names of the partners and their shares in the capital.
2. Registration document: The registration document is an official document proving the company’s registration with the Department of Economic Development in Dubai, and contains information about the company such as business activity, address, etc.
3. Passports and personal photos: These documents include passports and personal photos of legal officials and shareholders of the company.
4. Documents proving the address: Documents proving the address of the company’s headquarters in Dubai must be submitted, such as lease contracts or property ownership documents.
5. Company Registration Form: The official registration form required by the Dubai Department of Economic Development is filled out.

These documents are the basic documents that are usually required to register a company in Dubai, but requirements can vary based on the type of company and business activity. It is always best to check the exact requirements with Itqan before starting the registration process.

Fees required to register the company in Dubai

Company registration fees in Dubai vary based on several factors, including the type of company, its activity, and additional services requested. Here is an overview of the fees required to establish a company in Dubai :

1. Company registration fees: Company registration fees must be paid to the Dubai Department of Economic Development, and these fees vary based on the type of company, such as a limited liability company or a public joint stock company.
2. Legal Consultation Fees: If legal advice is required to prepare documents and assist with procedures, there may be a fee for legal services.
3. Activity permit fees: If the company’s activity requires a special permit, such as pharmacies or medical clinics, there may be additional fees for obtaining an activity permit.
4. Virtual office fees (if necessary): If the company needs a virtual office for administrative operations, there may be an additional fee for this service.
5. Additional services fees: The company may need additional services such as notarization of documents, translation services, or certificates and attestation services, and there may be fees for these services.

Please note that these fees depend on the precise context of the company registration process and its requirements, and it is always preferable to verify the exact fees with the relevant authorities before starting the registration process.

Financial guarantees for registering a company in Dubai

When considering registering a company in Dubai, financial guarantees usually include a set of steps and measures aimed at ensuring smooth operations and securing the financial rights of partners and shareholders. Here are some common financial guarantees:

1. Required capital: The required capital must be provided to register the specific type of company, as the required amount varies depending on the type of company.
2. Providing the required funds for fees and licenses: Company registration requires the payment of annual registration and renewal fees and fees for additional services if necessary, and these funds must be provided.
3. Preparing financial documents: The investor needs to prepare financial documents such as bank statements and previous financial reports if the company is already located in another country.
4. Financial insurance: Some companies may require financial insurance for employees and assets as part of registration requirements.
5. Financial Disclosure: Registration requires adherence to appropriate financial disclosure and the provision of correct and up-to-date financial information.

The financial guarantees required vary depending on the type of company and business activity, and it is always advisable to check the exact requirements for each case with the relevant authorities before starting the registration process.

Steps to register a company in Dubai

Opening a bank account to register and establish a company in Dubai

To open a bank account to register and establish a company in Dubai, you must follow the necessary steps and prepare the required documents. Here are the general steps to open a bank account in Dubai:

1. Choosing a bank: Search for local or international banks that offer corporate account opening services in Dubai. Compare services, fees and terms to determine the right bank.
2. Determine the account type: Choose the right account type for your business, whether it’s a checking account, investment account, or joint account, based on your financial needs and goals.
3. Preparing documents: Prepare the documents required by the bank, which usually include: a copy of the company’s articles of incorporation and registration document.
   Passports of shareholders, directors and authorized signatory.
   Documents proving the company’s address, such as an electricity bill or rental contract.
   Details of business activity and source of funds.
4. Bank Visit: Visit the chosen bank in person with all required documents. You may need a bank employee to attend a personal interview.
5. Fill out the application form: Fill out the application form for opening a company account and submitting documents.

Remember that banks may differ in their requirements and required documents, so it is best to check with the specific bank before starting the account opening process.

The time it takes to register a company in Dubai after incorporation

The time it takes to register a company in Dubai after incorporation usually varies based on several factors, such as the type of company, its activity, and the legal and administrative procedures required. Here is a general estimate of the time it takes to register a company in Dubai:

1. Sole Proprietorship Company: The process of registering a sole proprietorship company in Dubai may take approximately 1-2 weeks after all documents are provided and conditions are met.
2. Limited Liability Company (LLC): The process of registering an LLC in Dubai may take approximately 2 to 4 weeks after providing all documents and agreements.
3. Public Joint Stock Company: The process of registering a public joint stock company in Dubai can take approximately 4 to 8 weeks due to additional procedures and requirements.
4. Free Zone: If the company is registered in a free zone in Dubai, the procedures may be a little faster and take about 1-2 weeks to obtain licenses and registration.

These are general estimates and should be taken as a guide only. The actual time taken depends on several factors, including submitting the correct documents, interacting with government agencies effectively, the speed of processing applications, and sometimes unforeseen factors such as delays in processing. Therefore, it is always advisable to check with Itqan directly to get an accurate estimate of the time taken to register your specific company in Dubai.

Our service in your company registration procedures in Dubai

Itqan Company provides a range of specialized services that facilitate company registration procedures in Dubai. Here are some of the services provided by Itqan Company in this context:

1. Legal advice: Itqan Company provides specialized legal consultations related to local laws and regulations for establishing companies in Dubai, which helps to accurately understand the procedures and requirements.
2. Document preparation: Itqan Company helps in preparing the necessary incorporation documents such as the articles of incorporation, registration document, and all other documents required to register the company.
3. Providing assistance with administrative procedures: Itqan Company provides assistance in all administrative procedures related to registering the company with the relevant government agencies in Dubai.
4. Facilitating communication with the competent authorities: Itqan Company helps in communicating with the competent authorities such as the Department of Economic Development in Dubai, the municipality, and banks to facilitate procedures.
5. Guidance on commercial activity: Itqan Company provides guidance on the company’s activity and the licenses required to ensure that the company has all legal powers.

In short, Itqan Company seeks to provide comprehensive and specialized support to investors wishing to register their companies in Dubai, by providing the necessary consultations and services to make the registration process more effective and easier.

Your company in Dubai

In conclusion, company registration in Dubai emerges as a vital step in the entrepreneurship journey. Dubai is an ideal environment for this purpose, as company registration procedures offer ease and transparency thanks to advanced infrastructure and easy commercial laws. In cooperation with Itqan Company , investors can obtain the necessary support and precise guidance to register their companies smoothly. Providing legal and financial advice, assistance in preparing documents, and providing the necessary information about procedures are all tools that make the company registration process more effective and successful.

Frequently asked questions about company registration procedures in Dubai