Conditions for opening a company in the Emirates

Conditions for opening a company in the Emirates: The United Arab Emirates is an attractive destination for foreign investors wishing to expand their business and establish new companies. Within this context, “Itqan” Consulting Company plays a pivotal role in helping investors understand the requirements and steps for establishing a company in the Emirates in a smooth and effective manner.

Initially, the foreign investor must choose the appropriate legal form for his company, as the options vary between limited liability companies, a branch of a foreign company, or a partnership with an Emirati partner. “Itqan” provides the necessary advice to determine the most appropriate structure based on the nature of the business activity and the investor’s goals. The company also helps in choosing the appropriate location for the company, whether inside or outside the free zones, according to the nature of the work and licensing requirements.

Furthermore, “Itqan” helps complete all legal and administrative procedures necessary to establish the company, including registering with the competent authorities, obtaining the required licenses, and opening bank accounts. The consulting company ensures that the client complies with all legal and regulatory requirements throughout the establishment stages.

Itqan also provides post-incorporation services, such as assistance with human resources management, tax compliance, and other operational aspects. This enables the investor to focus on the growth and development of his business without having to deal with administrative details.

Drawing on its extensive experience and deep understanding of the regulatory environment in the UAE, Itqan helps foreign investors pass all founding stages efficiently and quickly, which contributes to creating successful and sustainable companies.

Basic steps to establish a company in the UAE

The United Arab Emirates is an attractive investment destination for foreign investors thanks to its thriving economic environment and policies that support entrepreneurship. In cooperation with “Itqan” Consulting Company, foreign investors can establish companies in the Emirates easily and with high efficiency by following the following basic steps: Basic steps for establishing a company in the Emirates :

• Choosing the legal form of the company: The foreign investor must choose the appropriate legal form for his company, whether it is a limited liability company, a branch of a foreign company, or a partnership with an Emirati partner. Itqan helps determine the optimal structure based on the nature of the business and the client’s goals.
• Choosing the company’s location: The foreign investor must choose the appropriate location for his company, whether inside or outside the free zones, according to the nature of the business and licensing requirements. “Itqan” provides the necessary advice in this regard.
• Completing the legal and administrative procedures: After choosing the legal form and location, “Itqan” helps in completing all the necessary procedures for establishing the company, including registering with the competent authorities, obtaining the required licenses, and opening bank accounts.
• Compliance with legal and regulatory requirements: “Itqan” ensures the client’s compliance with all legal and regulatory requirements throughout the establishment and subsequent operating stages.
• Benefiting from post-incorporation services: “Itqan” provides comprehensive administrative and operational services after the company is established, such as assistance in human resources management, tax compliance, and other operational aspects.

Through cooperation with “Itqan”, foreign investors can establish a company in the Emirates easily and quickly, which enhances the chances of its success and future development.

Documents required to establish a company in the UAE

The United Arab Emirates is considered an attractive investment destination for foreign investors thanks to its favorable economic environment and policies that support entrepreneurship. In order to establish a company in the UAE easily and efficiently, obtaining the required documents is the first and essential step. In this context, “Itqan Consulting Company” provides the necessary advice and support to complete this process. Documents required to establish a company in the UAE:

• Passport: The foreign investor must submit a copy of a valid passport.
• Proof of identity: The foreign investor is required to provide a copy of his personal identification card.
• Personal photo: The foreign investor must submit a recent photo.
• Authorization (if the investor represents a company): If the investor represents a foreign company, an official authorization document signed by the parent company must be presented.
• Commercial register (if the investor represents a company): If the investor represents a foreign company, a copy of the commercial register issued by the competent authorities in the country of origin must be submitted.
• Company Articles of Association: The Company’s Articles of Association are prepared based on the chosen legal form.
• Approval of licensing authorities: Some activities may require prior approval from certain licensing authorities.

With the help of “Itqan Consulting Company,” foreign investors can obtain these documents easily and quickly, facilitating the process of establishing a company in the Emirates.

Special requirements for paid-up capital

Paid-up capital is one of the most important requirements and basic pillars for establishing and operating any company in the United Arab Emirates. It is the core capital of a company that must be maintained in order to finance and manage operations. Therefore, special requirements are put in place for paid-up capital in the emirates of the country to ensure the stability of companies and maintain the financial liquidity necessary for their growth and development. Special requirements for paid-up capital in the UAE:

• Minimum paid-up capital: The minimum paid-up capital varies depending on the legal form of the company and the type of activity it will practice.
• In-kind contributions: Founders can make in-kind contributions as part of paid-up capital such as machinery, equipment and fixed assets.
  These in-kind contributions are evaluated by certified experts to determine their value.
• Cash contributions : The minimum paid-up capital must be deposited in a bank account in the name of the company before it is registered.
  This balance must be maintained as a minimum in the bank account for the duration of the company’s operation.
• Verification of sources: In some cases, the relevant authorities may be required to verify the sources of paid-up capital to ensure that the funds are not involved in illegal activities.

In cooperation with licensing authorities and financial experts, founders can comply with these requirements and establish a successful company in the UAE.

The main benefits of establishing a company in free zones

Free zones in the United Arab Emirates are an attractive and suitable environment for establishing companies and investment projects. These areas offer a range of key features and benefits that make them a preferred choice for many international entrepreneurs and investors. In this context, we will review the main benefits of establishing a company in the free zones in the Emirates. The main benefits of establishing a company in the UAE free zones:

Tax exemptions:

• Companies operating in free zones enjoy full tax exemptions on direct taxes such as income tax and indirect taxes.
• These exemptions contribute to enhancing profitability and improving the financial position of companies.

Full foreign ownership:

• Foreign companies are allowed to establish in free zones with 100% ownership without the need for an Emirati partner.
• This provides greater flexibility and freedom to foreign investors in managing and operating their businesses.

Ease of procedures and licenses:

• Free zones are characterized by faster and simpler procedures for establishing companies and issuing licenses compared to other regions in the country.
• This provides greater attractiveness to investors and facilitates the process of starting a business.

Logistics and infrastructure facilities:

• Free zones provide advanced infrastructure such as logistics, transportation and communications facilities.
• These facilities facilitate the operations and distribution operations of companies operating in these areas.

Strategic location:

• The free zones are distinguished by their strategic geographical location in the heart of the Middle East and their proximity to promising markets.
• This location provides a competitive advantage for companies in terms of access to regional and global markets.

Thanks to these key advantages, free zones in the UAE are a preferred investment option for many companies and investors internationally.

Learn about the conditions for opening a company in the UAE

To conclude this topic, the process of establishing a company in the free zones of the United Arab Emirates is an attractive option for international companies and investors due to the advantages and incentives that these zones provide. Cooperating with a specialized company such as Itqan Legal and Accounting Consulting Company constitutes one of the most effective options for establishing a company in the Emirates smoothly and efficiently.

Itqan Company is distinguished by extensive experience in the field of establishing companies in free zones, as it provides a comprehensive range of services that include providing legal and accounting consultations, assistance in registration and licensing procedures, as well as providing offices and logistical facilities for new companies. In addition, Itqan provides ongoing support in the areas of operation, management and regulatory compliance, helping companies succeed and grow in the UAE business environment.

By cooperating with Itqan Company, foreign investors can benefit from its experience and its strong network of relationships with the relevant government agencies to facilitate the process of establishing the company and overcome any challenges or obstacles they may face. This cooperation saves time and effort and ensures full compliance with the laws and regulations in force in the country.

Given the multiple advantages of free zones in the Emirates and the integrated services provided by Itqan Company, establishing companies in these areas in cooperation with the company represents a strong strategic option for investors wishing to enter the UAE market and benefit from the growing economic opportunities in the region.

Frequently asked questions about the conditions for opening a company in the UAE