Opening a company in Dubai for foreigners without points represents a bold and important investment step in the global business world, as Dubai has a distinguished reputation as one of the most prominent leading cities in the field of entrepreneurship and investment. This global city constitutes an ideal environment for business due to its economic diversity, advanced infrastructure, and easy access to regional and global markets. Despite the challenges that foreign investors may face, opening businesses in Dubai without points is a potential option with the right strategies and comprehensive knowledge of procedures and requirements.

This introduction begins a detailed exploration of the process of opening companies in Dubai for foreigners without points, where we will highlight the opportunities and potential challenges, in addition to reviewing the essential steps that must be taken to achieve success in this promising field.

The economic attractiveness of opening businesses in Dubai for foreigners without points is evident in the vast opportunities offered by this cosmopolitan city. It provides investors with the opportunity to benefit from the dynamic economic environment in Dubai, as its market enjoys tremendous diversity in different sectors such as real estate, tourism, and technology. Dubai is characterized by an advanced infrastructure that includes world-class facilities and an advanced transportation system, making it an ideal environment for establishing and expanding businesses.

However, foreign investors who want to open businesses in Dubai without points need to be prepared to face the challenges and costs associated with this process. Challenges may include providing start-up capital, complying with local laws and regulations, and determining the right type of company for future business goals. However, these challenges can be overcome through good planning and professional advice, allowing for success and achieving the desired goals in the thriving Dubai market.

This introduction aims to highlight the importance of opening businesses in Dubai to foreigners without points, and explain the wide opportunities available, in addition to identifying potential costs and challenges and how to overcome them. In the upcoming sections, we will explore how to exploit these opportunities and the steps needed to succeed in the process of opening companies in Dubai for foreigners.

Opening a company in Dubai for foreigners

Benefits of opening a company in Dubai

Opening a company in Dubai represents an important strategic step for investors wishing to benefit from the economic opportunities and advanced business environment in this global city. Opening businesses in Dubai offers many benefits and advantages that make it a preferred destination for entrepreneurship and investments. In this article, we will review some of the main benefits of opening businesses in Dubai and how they can contribute to business success and economic development:

1. Diversified investment destination:

The Dubai market provides various investment opportunities in various sectors such as real estate, technology, tourism, retail, and others, allowing investors to achieve diversification in their investment portfolio.
2. Advanced infrastructure:

Dubai is characterized by an advanced infrastructure that includes world-class facilities, an advanced transportation system, and the availability of modern services such as communications and energy, which facilitates companies’ operations and helps them expand and grow.
3. Flexible business environment:

Dubai offers a flexible and tolerant business environment towards foreign investors, with laws and legislation that encourage foreign investment and protect investors’ rights.
4. Access to regional and global markets:

Thanks to its strategic location, companies established in Dubai can easily access regional and global markets, which contributes to expanding their scope of work and increasing growth opportunities.
5. Government incentives and facilities:

The Dubai government offers a range of incentives and facilities to local and international companies, such as tax exemptions and customs facilities, making it a business-friendly environment.

Basic steps to open a company in Dubai for foreigners

Basic steps to open a company in Dubai for foreigners

Establishing a company in Dubai represents an important and exciting procedure for foreigners wishing to exploit the vast economic opportunities in this global city. However, this requires following specific steps and adhering to the legal and regulatory procedures in force in Dubai. In this topic, we will provide a comprehensive guide explaining the basic steps that must be taken to open a company in Dubai for foreigners:

1. Determine the type of company:

Investors must specify the type of company they wish to establish, such as a local company, limited company, free company, or foreign company.
2. Choosing a name and registering :

Investors must choose a suitable name for the company and ensure its availability and acceptance by the relevant authorities. After that, the registration application is submitted and the applicable fees are paid.
3. Determine the location:

Investors must select a suitable location for the company’s headquarters and ensure that it complies with the legal and legislative requirements in Dubai.
4. Obtaining a work permit:

Opening a company in Dubai requires obtaining the necessary business license from the local authorities, which varies depending on the type of company and its activity.
5. Providing capital:

Investors must provide the necessary capital to start the company, and the amount required is determined according to the type of company and the regulations of local authorities.
6. Submit the necessary documents:

Investors must provide all documents necessary to establish the company, such as a passport, personal photo, address confirmation document, etc.
7. Opening a bank account:

Investors are required to open a company bank account to manage financial operations, transfer capital and conduct financial transactions.

The cost of opening a company in Dubai for foreigners

Dubai is considered one of the most attractive cities for investment in the world, and opening a company there constitutes an important strategic step for foreign investors seeking to exploit the vast economic opportunities available. As interest in investing in Dubai increases, it becomes necessary to understand the cost involved in opening a company in this global city. In this article, we will analyze the cost of opening a company in Dubai for foreigners and provide the necessary guidance to investors:

1. The cost of establishing the company:

The cost of establishing a company in Dubai varies depending on the type of company and its activity, as this includes registration fees, licenses, and other government fees.
2. Cost of capital:

Some types of companies in Dubai may require specific capital, and the amounts required vary depending on the type of company and the requirements of local authorities.
3. Contract and rental costs:

The costs of renting offices or commercial space in Dubai can be high, and vary depending on the location and size of the space required.
4. Costs of consulting and legal services:

New businesses may need to hire consulting and legal services to help them establish the company and comply with local laws, which increases costs.
5. Cost of accommodation and visas:

Foreigners have to bear the costs of accommodation and visas if they need to live and work in Dubai while setting up the company.
6. Costs of administrative services and logistical assistance:

The costs of administrative services and logistical assistance should also be taken into account, such as hiring staff and renting necessary furniture and equipment.
7. Taxes and surcharge costs:

Investors should be aware of the additional taxes and fees related to setting up and operating a company in Dubai, which may affect the final costs.

Documents required to establish a company in Dubai

Establishing a company in Dubai is an important step for any entrepreneur or investor seeking to benefit from the thriving business environment and advanced infrastructure in the city. Dubai offers great facilities to attract foreign investments, but this requires compliance with a set of legal procedures and submission of a set of necessary papers and documents. We will review the documents required to establish a company in Dubai step by step.

1. Registration application form

The company registration application form must be submitted to the Dubai Economic Development Department (DED). The form includes details about the type of company and business activity to be carried out.

2. A copy of the passport

A copy of the passport must be provided to shareholders and directors of the company. Copies must be legible and duly certified.

3. Personal photos

Passport size photographs of shareholders and directors. Photos must be recent and colourful.

4. No objection certificate (NOC)

If a shareholder or director works for another company in the UAE, he or she may be required to provide a no-objection certificate from his or her current employer.

5. Memorandum of Association and Articles of Association

The company’s articles of incorporation and articles of association explain the company’s structure, the rights and duties of shareholders, and the company’s management method. These documents must be duly prepared and notarized.

6. Business plan

A detailed business plan must be submitted that explains the company’s business goals and activities, and how to achieve these goals. This is especially important if you are seeking government funding or support.

7. Lease contract for the company’s headquarters

Establishing a company requires submitting a lease contract for the company’s headquarters in Dubai. The contract must be registered with the Dubai Land Department.

8. Trade name reservation certificate

The company must choose a trade name and reserve it with the Department of Economic Development. The name must be unique and not used by other companies.

9. Initial approval certificate

After submitting the registration application form, the company will obtain an initial approval certificate from the Department of Economic Development, which is necessary to complete other procedures.

10. Special permits

Depending on the type of business activity, special permits may be required from the relevant authorities. For example, financial activities need approval from the Securities and Commodities Authority, and health activities need approval from the Dubai Health Authority.

11. Capital deposit

Some types of companies require that a certain capital be deposited in a local bank account, and a certificate of capital deposit be submitted as part of the required documentation.

12. Signing the service contract

If a company is established in a free zone, it may be necessary to sign a service contract with the free zone in which the company will be registered.

Types of companies in Dubai

There are several types of companies that individuals and companies wishing to invest in Dubai can choose and establish according to their business needs and goals. Here are some of the main types of companies in Dubai:

• Local Company:

The local company is the most common type, with UAE nationals owning 51% of the company’s capital, while foreign partners can own up to 49%. Establishing a local company requires the presence of a local partner to cooperate with in managing and representing the company.

• Limited Liability Company – LLC:

A limited liability company allows partners to enjoy limited liability for the company’s debts, as the capital is divided into shares and the partners bear financial responsibility limited to the value of their share in the company. A local partner or partners can be necessary to establish the company, but registered foreigners can be the majority owners.

• Free Zone Company:

Free zones in Dubai allow the establishment of companies with full ownership by foreigners without the need for local partners. Free zones offer advanced infrastructure and exciting financial and business incentives for investment, making them a popular choice for foreign investors.

• International Company:

The international company is considered one of the fastest growing types in Dubai, as it has great flexibility in determining the company structure and terms, and does not impose a minimum capital. This company allows foreign investors to enjoy full ownership and foreign operation without local restrictions.

• Public Joint Stock Company – PJSC:

The public company is considered a joint-stock commercial company listed on the financial market. Establishing a public company requires significant capital, continued financial disclosure, regulation by financial authorities, and preservation of shareholder rights.

Our company’s role in opening a company in Dubai for foreigners

In conclusion, opening a company in Dubai for foreigners in cooperation with Itqan Company shows that Dubai remains one of the most attractive cities for business and investments globally. This operation represents an exciting and exciting investment opportunity for foreign investors seeking to exploit the vast opportunities available in the dynamic Dubai market.

By cooperating with Itqan Company, foreign investors can benefit from valuable local experience and knowledge, which contribute to simplifying operations and providing comprehensive support during the process of opening and operating the company. Itqan Company provides specialized consulting services in areas such as registration, licensing, employment, finance, etc., which helps achieve success and achieve targeted goals.

Opening a company in Dubai for foreigners requires adherence to specific legal and regulatory procedures, and investors can face some challenges and costs. However, collaborating with Itqan provides the support and guidance needed to overcome these challenges and achieve success in the dynamic and thriving market in Dubai.

Thus, cooperation between foreign investors and Itqan Company aims to enhance economic development and enhance confidence in the business environment in Dubai, which contributes to attracting more investments and strengthening Dubai’s position as a major investment destination on the global level.

Frequently asked questions about opening a company in Dubai for foreigners