Establishing a company in Dubai for foreigners

Establishing a company in Dubai for foreigners. Opening a company in Dubai is the dream of many foreign entrepreneurs who aspire to benefit from the growing investment opportunities in this emirate. Dubai, the preferred regional and global destination for multinational companies and start-ups, offers an attractive and business-friendly business environment. To achieve this dream, foreign investors may need to cooperate with specialized consulting firms to overcome the challenges associated with complex regulatory and legal procedures.

Itqan, one of the leading legal consulting and services companies in the UAE, plays a crucial role in helping foreign investors establish their companies in Dubai. With its extensive experience in business and legal affairs, Itqan provides comprehensive guidance to foreign applicants on every step of the establishment and registration process, including choosing the appropriate legal entity, obtaining the required licenses, and complying with local laws and regulations.

Itqan helps individuals and foreign companies overcome bureaucratic challenges and facilitates the necessary procedures to establish and operate their companies in Dubai efficiently and effectively. Through a team of specialized legal and financial advisors, the company provides the necessary support at all stages of the company’s life cycle, from strategic planning to future expansion.

In cooperation with “Itqan” Company, foreign investors are able to establish a company in Dubai for foreigners smoothly and confidently, benefiting from the tax and regulatory advantages that the emirate offers to foreign businesses. This cooperation opens wide doors for growth and prosperity in the thriving UAE market.

Types of companies that foreigners can establish in Dubai

In Dubai, the government provides many different options for foreigners wishing to establish their companies. The following are the most prominent types of companies that foreign investors can establish in this emirate: Dubai is one of the most important economic and financial centers in the world, and is a preferred destination for foreign companies wishing to invest and expand in the Middle East region. The emirate offers many attractive incentives and benefits to foreign entrepreneurs and investors, making it home to thousands of multinational companies and startups. Among the options available to foreigners in Dubai, we find the following companies:

• One-person (sole-partner) companies: These are companies wholly owned by one foreign individual, and are one of the most popular options among foreign investors in Dubai.
• Limited Liability Companies (LLC): These are companies consisting of two or more partners, and foreigners can own up to 49% of the capital.
• Branches and representative offices: These are attractive options for foreign companies wishing to establish a business presence in Dubai without establishing an independent company.
• Free Zones: These are special geographic areas in Dubai that offer unique tax and regulatory incentives to foreign companies, making them a popular choice for setting up companies.

Aside from these options, foreign investors may need to cooperate with local consulting firms, such as Itqan, to help choose the appropriate legal structure and complete all necessary procedures to effectively establish their companies in Dubai.

Basic steps to establish a company in Dubai

Dubai provides a favorable and attractive business environment for foreign investors, thanks to its smooth procedures and advanced infrastructure. To establish a company in Dubai , there are a set of basic steps that must be followed carefully. Here is an overview of these main steps: Basic steps for establishing a company in Dubai :

• Choosing the company form: The foreign investor must begin by determining the appropriate legal structure for his company, whether it is a single person company, a limited liability company, a branch or representative office, or investing in one of the free zones.
• Obtaining a commercial license: After determining the company structure, a commercial license must be obtained from the competent authorities in Dubai, such as the Department of Economic Development or the chosen free zone.
• Opening a bank account: The foreign founder must open a bank account in Dubai for his new company. He will need to provide documents such as a work license and personal identification.
• Renting an office or work space: The founder must secure a suitable office or work space for his company, whether in the free zone or outside it.
• Appointment of employees: The foreign founder must complete the procedures for appointing employees and obtain the necessary work visas from the competent authorities.

Obtaining additional insurances and licenses: The company may need to obtain additional licenses or insurances, depending on the nature of its activity and location.
In cooperation with a local consulting firm, the foreign investor can complete these steps smoothly and in the shortest possible time.

Documents required to establish a company in Dubai

Dubai is considered one of the most important commercial and economic centers in the world, as it provides a stable and suitable environment for foreign companies wishing to expand and invest. To establish a company in the Emirate of Dubai, there are a set of documents and legal requirements that must be adhered to. Below is an overview of the most important documents required: Documents required to establish a company in Dubai :

• Company establishment application: The company establishment application form must be submitted to the competent authority, such as the Department of Economic Development or the free zone.
• Company incorporation agreement: A legal document that defines the company’s bylaws, including its goals, objectives, rights, and duties.
• Company incorporation certificate: An official document issued by the competent authority after approving the incorporation application.
• Proof of ownership and control: Documents proving the foreign founder’s ownership and control of the company, such as a share registration certificate.
• Registered Office Lease Contract: The lease contract for the office or headquarters in which the company will be registered.
• Copy of founders’ passports: Copies of foreign founders’ passports.
• CV of the founders: A CV of foreign founders explaining their experience and qualifications.
• Additional licenses: The company may need additional licenses depending on the nature of its activity, such as a professional or industrial activities license.

In cooperation with a local advisory body, a foreign investor can fulfill these requirements easily and efficiently.

Legal requirements for establishing a company in Dubai

Dubai is one of the most important commercial and financial centers in the world, providing a stable and suitable business environment for foreign companies. To establish a company in the Emirate of Dubai, there are a set of legal and administrative requirements that must be adhered to. Below is an overview of the most important of these requirements: Legal requirements for establishing a company in Dubai :

• Choosing the legal company structure: The foreign founder must determine the appropriate legal form for his company, whether it is a one-person company, a limited liability company, a branch or representative office, or an investment in one of the free zones.
• Obtaining a business license: Regardless of the company structure chosen, a business license must be obtained from the relevant authorities in Dubai, such as the Department of Economic Development or the Free Zone.
• Proof of Ownership and Control: The foreign founder must prove ownership and control of the company, whether through a company certificate of incorporation or share registration documents.
• Providing a registered office address: The founder must secure a registered office address for the company in Dubai, whether by renting an office or providing a residential address.
• Completing employee appointment procedures: The foreign founder must complete employee appointment procedures and obtain the necessary work visas from the competent authorities.

Obtaining additional insurances and licenses: The company may need to obtain additional licenses or insurances, depending on the nature of its activity and location.
In cooperation with a local consulting firm, a foreign investor can fulfill these legal requirements easily and accurately.

The role of our company in establishing a company in Dubai for foreigners

In conclusion, the Emirate of Dubai is an attractive investment destination for foreign investors thanks to the stable and supportive business environment it provides. In cooperation with a local consulting company such as “Itqan” Company, the foreign investor can benefit from local experience and knowledge to facilitate the company establishment process and meet all legal and administrative requirements efficiently and smoothly.

“Itqan” company has a specialized team with extensive experience in the field of legal, financial and regulatory consultations for establishing companies in Dubai. They are fully aware of the laws and regulations in force in the emirate, and provide the necessary advice and guidance to foreign investors during all stages of the establishment process. The company also helps in submitting all required documents and completing official procedures in accordance with the requirements of the competent authorities.

In addition, Itqan provides comprehensive post-incorporation administrative services, such as managing bank accounts, legal documents, taxes and other regulatory tasks. This enables the foreign investor to focus on developing his business and growing in the local market without having to deal with administrative and legal complexities.

Cooperating with a reliable consulting company such as “Itqan” ensures the success of the company establishment process in Dubai and avoids any legal or regulatory challenges or risks. Thus, the foreign investor can move confidently towards achieving his commercial and investment goals in this attractive business environment.

Frequently asked questions about establishing a company in Dubai for foreigners