Find out what documents are required To open a company in Dubai As one of the most prominent global destinations for business and investment, providing a favorable and encouraging environment for establishing companies and commercial projects, if you are thinking of opening a company in Dubai, it is important to be aware of the papers and documents required to complete this process successfully. In this article, we will highlight the official procedures and basic documents you need to establish your company in Dubai, in addition to some tips and guidelines to help you avoid obstacles and facilitate the registration process. Whether you are a beginner entrepreneur or an experienced investor, knowing the legal and regulatory requirements is the first step towards achieving your business ambitions in this dynamic city.

Open a company in Dubai

Company formation in Dubai It can be a complex process, but working with specialized companies like Itqan makes the process easier and more convenient. Our company provides a comprehensive range of services that include providing legal advice, preparing the required documents, and obtaining the necessary approvals from government agencies. With their extensive experience in the local market and in-depth understanding of legal and regulatory procedures, they can guide you through every step of the way to establishing your company, from choosing the right type of company, to opening a bank account and obtaining the necessary licenses. Working with our company ensures that you establish your company efficiently and quickly, allowing you to focus on growing your business and achieving your business goals in Dubai.

What are the documents required to open a company in Dubai?

To open a company in DubaiLegal and administrative procedures usually require a set of papers and documents. Here is a general list of documents you may need:

• Company Registration Form: You must fill out the company registration form provided by the Dubai Department of Economic Development or the relevant authority.
• Shareholders’ passport photo: A certified copy of the passport of each shareholder of the company must be submitted.
• Power of Attorney: If you are authorizing someone else to represent you in the registration process, you will need to provide a formal power of attorney.
• Company contract: The company contract must be prepared in Arabic in accordance with local laws, and it contains information about the shareholders, the type of company, its proposed activities, its shares in the capital, and other necessary details.
• workplan: You may be asked to submit a detailed business plan outlining your business goals and plans for operating the company.
• Proof of address: The owner or general manager of the company needs to provide valid proof of the address where the company will be registered.
• Certificate of good conduct: You may be required to obtain a certificate of good conduct from the local authorities or police in your country to confirm that you have a clean criminal record.
• Photograph: There may be a request to provide a photo of shareholders or key officers of the company.
• Other permits: The proposed company activity may require obtaining additional permits from the relevant authorities, such as a permit from the Emirates Transport Authority in the event of establishing a transportation company or a permit from the General Insurance Authority in the event of establishing an insurance company, etc.

Steps to establish a company in Dubai

procedures Company formation in Dubai It is not difficult as we explained before, but the matter requires only some papers and documents that must be submitted in the registration places. Therefore, we will explain to you what are the steps required to facilitate the procedures for establishing a company in Dubai. Here are the initial steps for the investor to open his company:

• Research and planning: Before starting the incorporation process, you should do the necessary research and planning. Determine the type of company you want to establish and its activity, analyze the market and competition, and define a sustainable business plan.
• Choosing the legal type of the company: In Dubai, you can establish a company in one of the different legal forms such as Local Company (LLC), Foreign Limited Company (FZ-LLC), Free Zone Company, Public Joint Stock Company, etc. Select the type that suits your needs and requirements.
• Choosing a company name: Choose a suitable name according to Dubai company laws. Make sure the name is available and registrable, and avoid using names similar to other company names.
• Licensing and Registration: Obtain the necessary license from the relevant authority, whether it is the Department of Economic Development in Dubai or the General Authority for Free Zones, etc., and submit the registration application with the required documents and the prescribed fees.
• Preparing documents: Prepare the required documents, such as the company contract, financial forms, and other legal forms. The contract must comply with local laws and contain details of the shareholders, their shares in the capital, the company’s activities, and other necessary items.
• Open a bank account: Open a company bank account in one of the approved banks in Dubai. You will need to submit some documents and papers to open the account.
• Obtaining additional permits: You may need to obtain additional permits from the relevant authorities based on your proposed business activity, such as a permit from the General Authority for Insurance, the Emirates Transport Authority, etc.
• Legal advice: It is recommended to cooperate with Itqan Company consultants, experts in company formation in Dubai, to ensure compliance with all legal and administrative requirements.
• Residence visa: If you want to reside in Dubai and work in your own company, you will need to obtain a residence visa for the general manager or major shareholders.

Types of companies in Dubai

It is advisable to consult with the experts of Itqan Company to determine the most suitable type for your company according to your needs and business goals. Below is a table showing some of the types of companies that can be established in Dubai:

Please note that these are just some of the types of companies available in Dubai, and there may be other types available depending on current legal legislation and requirements for each type.

Cost of setting up a company in Dubai

Cost Open a company in Dubai It is affected by several factors, including the type of company, the area you want to establish it in, the amount of capital required, and the additional services you may need. In general, here are some of the expected expenses for establishing a company in Dubai:

Licensing costs

Licensing costs vary depending on the type of company and the region you wish to establish in. This includes registration fees, government licenses, and administrative fees.
You may also need legal advice to help prepare legal documents and ensure compliance with laws and regulations. The cost of legal advice from Itqan varies depending on the level of experience and the lawyer chosen.

Additional permit costs

If your company’s activities require additional permits such as a building permit or a food and food disposal permit, you may need to pay additional costs to obtain these permits. You may also need to pay fees to open a company bank account at a local bank.

Accommodation and visa costs

If you wish to reside in Dubai and operate your own company, you will need to pay for the visa and residence fees of the Managing Director or major shareholders as per legal requirements. Please note that it is difficult to give an exact cost of company formation in Dubai without knowing the type of company and the specific services required. It is best to consult with the specialist consultants of Itqan Company for a detailed cost estimate based on your specific circumstances and requirements.

Advantages of establishing a company in Dubai

Company formation in Dubai It offers many features and benefits. Here are some of them:

• Strategic location: Dubai is strategically located and serves as a gateway to trade between East and West. It is an ideal base for accessing regional and global markets.
• Advanced infrastructure: Dubai has a well-developed infrastructure including international airports, modern seaports and a well-developed road and transportation network. This facilitates the import, export and distribution of products.
• Encouraging business climate: Dubai has an open and encouraging business environment, with policies that encourage investment and company establishment. There are business facilities and simple procedures for company registration and obtaining licenses.
• Flexible corporate laws: Dubai offers flexible company laws that allow for the establishment and operation of various types of companies, including local companies, joint ventures and freelance companies. You can choose the type of company that suits your business needs and requirements.
• Political and economic stability: Dubai enjoys strong political and economic stability, providing a conducive business environment and boosting confidence for investors and businesses.
• Tax exemptions: Some areas in Dubai have tax advantages including no income tax and no tax on profits, making them an attractive destination for companies looking for low taxes.
• Cultural and linguistic diversity: Dubai is a city with great cultural and linguistic diversity, with diverse communities of different nationalities. This provides opportunities to expand your client network and work with business partners from different cultures.
  These are some of the benefits that can be availed when setting up a company in Dubai. It should be noted that the benefits may vary depending on the type of company, industry and specific needs based on the circumstances.

Obtaining a commercial license in Dubai

For the extraction Business license To establish a company in Dubai, the following steps must be followed:

• Determine the type of company: Determine the type of company you want to establish, such as a limited liability company (LLC), a free zone company, or any other type that suits your needs.
• Choosing a company name: Choose a suitable name for the company and make sure that it is available and not similar to the names of other companies that already exist.
• Go to the competent authority: Go to the competent authority for issuing licenses in Dubai, which depends on the type of company you want to establish. For example, if you want to establish a freelance company, you must visit the relevant free zone.
• Submitting the required documents: The required documents may vary depending on the type of company.

At the end of this article, we can conclude that Open a company in Dubai Partnering with Etqan is a successful strategic move that offers tremendous opportunities for success and development. Dubai, as a global business hub and a strong economic platform, attracts investors and businessmen from all over the world. As a leading provider of advanced technological services and solutions, Etqan will be a strong and reliable partner for mutual success.

By cooperating with our company, the company will enjoy many competitive advantages, including the advanced technical and technological expertise provided by the company, which will help enhance work efficiency and improve performance. The company will also be able to benefit from the extensive network of relationships and partnerships that our company enjoys, which will contribute to expanding the company’s scope of work and increasing opportunities for growth and expansion.

Frequently asked questions about opening a company in Dubai