Steps and papers required to establish a company in Dubai

The steps and papers required to establish a company in Dubai are not just an administrative procedure, but rather a strategic decision that requires a lot of planning and preparation. Dubai has an exceptional reputation as a leading business and investment destination in the Middle East, as it provides a distinctive business environment that attracts entrepreneurs and investors from around the world.

The process of establishing companies in Dubai requires reviewing many legal and administrative aspects, as it is affected by government legislation and regulations. Here comes the role of Itqan Company, one of the leading consulting companies in Dubai, as it provides comprehensive solutions to help entrepreneurs and companies facilitate the processes of establishing companies.

With a deep understanding of the business environment in Dubai and its legal and administrative skills, Itqan provides the necessary support to investors and companies in all aspects of establishing companies, from assistance in choosing the appropriate legal structure and developing strategic plans, to arranging legal papers and assisting in registration procedures and obtaining the necessary licenses.

Itqan Company is a strategic partner for anyone seeking to establish a company in Dubai , as it contributes significantly in providing legal advice and assistance in overcoming obstacles and achieving success in the diverse and dynamic commercial environment in this global city.

Steps and papers required to establish a company in Dubai

To establish a company in Dubai , you need to choose the type of company, choose a name for the company, obtain an activity permit, choose the location, prepare the required documents such as the company registration form, a copy of the passport and a personal photo of the founders, and submit the required documents and applications to the Department of Commerce and Industry in Dubai with payment of fees. required.

1. Choose the type of company: Sole proprietorship (single employer)
   Private joint stock company
   Public joint stock company
   Limited liability company
   Foreign joint stock subsidiary
   Sole proprietorship free zone company
2. Choosing a company name: Ensure that the name is available and is not similar to any existing company.
   Ensure that the name conforms to local laws and standards.
3. Obtaining an activity permit: The company’s activity must be determined and a permit for this activity must be obtained from the relevant authorities.
4. Location selection: Choose a location for the company (office, virtual office, or office in the free zone).
5. Preparing documents: Company registration form (obtainable from the Department of Commerce and Industry in Dubai).
   Passport and personal photo of the founders.
   Authorization to the legal director (if there is a legal director).
   Partners agreement (if the company is a partnership).

These are the basic steps, and some procedures and requirements can vary depending on the type of company, activity and current legal legislation in Dubai. It is always a good idea to use Itqan Company to ensure that the correct procedures are followed and the correct documents are submitted.

Establishing a company in Dubai

Types of companies that can be established in Dubai

These are the types of companies that can be established in Dubai, and you can choose the appropriate type based on your business activity and needs. Before making any decision, you should refer to Itqan Company for further information and advice.

Advantages of establishing a company in Dubai

Establishing a company in Dubai is a strategic investment move for many reasons. Dubai is characterized by a dynamic and advanced business environment, and is an ideal destination for entrepreneurship and establishing companies. The advantages of establishing companies in Dubai are many and varied, including:

1. Strategic location: Dubai is considered a gateway for business in the Middle East, as it provides an excellent strategic location to access global markets.
2. Advanced infrastructure: Dubai is characterized by advanced infrastructure and modern facilities that facilitate business and communications operations.
3. Suitable business environment: Dubai provides a suitable business environment with flexible commercial laws and ease of obtaining licenses and permits.
4. International commercial centers and exhibitions: Dubai has international commercial centers and exhibitions that help strengthen commercial networks and increase job opportunities.
5. Foreign Investment: Dubai encourages foreign investment by providing an attractive investment environment and appropriate financial and tax rewards.

These are some of the advantages that may make company formation in Dubai a good option, however, you should also take into consideration the potential challenges and evaluate the economic and legal factors before making a final decision.

Fees required to establish a company in Dubai

Fees for establishing companies in Dubai depend on several factors such as the type of company, size of capital, services required, and others. It is difficult to determine specific fees without knowing the full details of the company to be established. However, we can provide an overview of the types of fees that may typically be required for company formation in Dubai:

1. Company registration fees: Paid to the official authorities in Dubai to register the company in the commercial registry, and are affected by the type of company and the size of capital.
2. Licenses and permits fees: These include work permits, economic activity licenses, and others, and vary according to the company’s activity and the services required.
3. Virtual office fees: If using a virtual business address, companies specializing in providing this service may require an annual fee.
4. Legal consulting and services fees: You may need to pay fees to legal and accounting consulting firms to assist you in the incorporation and compliance process.
5. Support services fees: such as accounting, auditing, insurance, etc., and vary according to the company chosen to provide these services.

Please note that these fees are only general models and can vary depending on individual circumstances and legal and economic variables. It is preferable to consult Itqan Company to obtain an accurate estimate of the fees required to establish your company in Dubai.

Establishing a company without having a physical office in Dubai

It is possible to establish a company in Dubai without having a physical office by using what is known as a “virtual office partnership” or a “virtual business address.” Here are the basic steps for establishing a company in Dubai without having a physical office:

1. Choosing the type of company: Determine the type of company you want to establish, whether it is an individual company, a joint stock company, or another, based on your business activity and requirements.
2. Searching for a local partner: Establishing a company in Dubai requires the presence of a local partner who will be responsible for the company to a certain extent in accordance with local laws. You can look for a reliable and reputable local partner.
3. Obtaining a virtual commercial address: You must obtain a virtual commercial address in Dubai, and you can do this by using commercial services companies that provide this service.
4. Preparing the necessary documents: Prepare the legal documents necessary to establish the company, such as the articles of association, articles of association, founders’ certificates, and other required documents.
5. Applying for licenses and permits: After preparing the documents, submit an application to obtain the necessary licenses and permits from the competent authorities in Dubai, such as the Department of Economic Development or the Chamber of Commerce.

It is important to adhere to local laws and legislation and seek the help of Itqan Company to ensure that the establishment procedures are correct and in compliance with the laws. You can also benefit from the services of business consulting companies to facilitate the process of establishing a company without having a physical office in Dubai.

Establishing a company in Dubai

Opening a bank account to establish a company in Dubai

Opening a bank account for your company in Dubai is necessary to carry out financial operations and manage financial matters and commercial transactions with ease. The following steps are a summary of the overall process:

1. Choosing a bank: Do a careful search for local or international banks that offer corporate banking services in Dubai. Choose the bank that meets your company’s needs and your requirements.
2. Contacting the bank: After choosing the bank, contact the chosen bank branch to obtain information about the conditions for opening a corporate account.
3. Preparing the required documents: You may be asked to prepare documents such as a passport, company incorporation document, commercial address, list of board members, and other financial documents.
4. Submitting the application: After preparing the documents, submit a request to open a bank account for the company and fill out the application forms required by the bank.
5. Approval and Opening: After receiving and verifying the documents, they will be reviewed by the bank and you may be asked to perform some additional procedures if necessary. After approval, your company’s bank account will be opened.

It is always advisable to check the terms and conditions of opening the bank account with the specific bank and ensure that all the required requirements are met before submitting the application. Consulting an Itqan company before starting this process can also be beneficial.

Our service in establishing your company in Dubai

Itqan Company is a consulting company specialized in establishing companies in Dubai, and offers a comprehensive range of services to help you successfully start your business. Here are some of the services provided by Itqan Company in establishing your company in Dubai:

1. Business Consulting: Itqan Company provides specialized consulting to help you make the right decisions about the type of company suitable for your needs, as well as providing financial and administrative advice.
2. Choosing the right type of company: Itqan helps you choose the appropriate type among individual companies, limited liability companies, public companies, and others, according to the nature of your business and your needs.
3. Providing legal assistance: Itqan Company can provide the necessary legal assistance in the company’s establishment processes, including preparing legal documents and following the required legal procedures.
4. Administrative Procedures Management: Itqan Company provides administrative procedures management services, such as submitting applications and documents to the relevant authorities in Dubai and following up on the process until final approvals are obtained.
5. Opening a bank account: Itqan Company helps you open a bank account in the name of the company in local banks, which facilitates the management of the company’s financial matters.

In short, Itqan offers a comprehensive range of services to facilitate the process of establishing your company in Dubai and ensure compliance with all legal and administrative procedures and requirements.

Your company in Dubai

In short, establishing a company in Dubai requires adherence to a number of important steps and procedures. Using the role of Itqan Company as an example, we can take a look at how these steps can be applied in practice.

Itqan Company is a consulting company established in Dubai that provides specialized services in the field of establishing companies. The process begins with a consultation phase where the company founders meet with the Itqan team to determine the best type of company for their needs.

Then a name for the company is chosen and its availability and compliance with local laws are checked. After that, all necessary documents are prepared, such as the company registration form, personal photos of the founders, and signing of the partner agreements, if any.

After completing the documents, they are submitted to the Department of Commerce and Industry in Dubai along with paying the required fees. The Itqan team carefully follows the process to ensure it is implemented correctly in accordance with local standards and legislation.

After obtaining the necessary approvals, a bank account is opened in the company’s name and a business license is obtained from the Department of Economic Development in Dubai. It is also ensured that all requirements for necessary visas and residency for employees and managers are met.

In the end, establishing a company in Dubai is a process that requires careful follow-up and adherence to legal and administrative procedures, and this reflects the role of Itqan Company as a trusted partner to help successfully achieve these goals.

Frequently asked questions about the steps and papers required to establish a company in Dubai