Conditions for opening a company in the Emirates

٠٥ يناير Conditions for opening a company in the Emirates

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Opening a company in the UAE is a strategic investment step that many entrepreneurs and global companies are considering. The UAE has a developed and flexible business environment, making it one of the most prominent investment destinations in the region. Opening a company in the UAE is an important investment opportunity, as it provides investors with many advantages and opportunities to achieve success in several different sectors. The conditions for opening a company in the UAE include several important aspects that must be taken into consideration before starting the process. The most important of these conditions is choosing the right type of company and ensuring that the necessary legal and administrative conditions are available. It is also necessary to consider the local laws and regulations that govern the work of companies and the rights of investors. Learn with us in this article about the conditions for opening a company in the Emirates.

When starting the process of opening a company in the UAE, investors should pay attention to the details of the investment and target markets, and ensure that there is a solid and well-thought-out business plan. They should also consider the financial, tax and legal aspects related to the company, to ensure full compliance with UAE laws and regulations.

In this article, we will review some of the key aspects of the terms. Opening a company in the Emirates Without going into the details of the practical steps or prices, we will focus on the important aspects that investors should consider before starting their company in this advanced and prosperous country.

Conditions for opening a company in the Emirates

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Conditions for opening a company in the Emirates

to Opening a company in the Emirates There are some terms and procedures that must be followed. Remember that the terms and procedures may vary slightly between the different emirates in the seven Emirates. Here are the general terms and conditions for opening a company in the Emirates:

First: Electronic submission:

Through the Bashar electronic platform via the Internet

(Bashar) – A unified platform that allows you to establish your company within 15 minutes. The federal, local and federal government agencies concerned with licensing economic activities in the various emirates have been brought together in a unified platform to facilitate doing business electronically through the economic development departments in the Emirates:

Abu Dhabi Department of Economic Development.
Dubai Department of Economic Development.
Sharjah Economic Development Department.
Department of Economic Development in Ajman.
Department of Economic Development in Umm Al Quwain.
Department of Economic Development in Ras Al Khaimah.
Fujairah Municipality.

Second: Submitting in person:

You can apply to establish your company by visiting one of the following offices:

Service delivery centers.
Facilitation offices.
On Time Government Services Offices.
Legal services offices.
Customer happiness centers affiliated with the departments of economic development in all emirates of the country.

It is worth noting that the UAE has allowed foreigners to open a commercial register within the country, but such a decision falls under some conditions that the country sets for each project separately, such as:

Initial approval from the competent authorities regarding the trade name, nature of the activity and legal form. Finding an office space suitable for work or purchasing a suitable plot of land in the Emirates to establish the company on and providing a contract notarized and certified by the Emirates Real Estate Regulatory Authority, provided that the area is not less than 200 feet.

Electronic company formation in the UAE

Electronic company incorporation in the UAE is available through several platforms and programs provided by the UAE government. These electronic systems facilitate and speed up the process Company formation in Dubai And improve the investor experience. Here is an overview of how to electronically incorporate companies in the UAE:

Electronic company registration portal: The UAE government provides online portals for company registration in each emirate. For example, there is the “Dubai Registration Platform” in the emirate of Dubai and the “Abu Dhabi Registration Platform” in the emirate of Abu Dhabi. You can access these platforms and submit your company formation application online.
Document preparation: You will be required to prepare the documents required to establish the company, such as contracts, reports, and business plans. You can upload these documents via the electronic platform and submit them as part of the incorporation application.
Payment of fees: You will need to pay the required fees for the incorporation process, which you can do through the online portal. You will need to use an available payment method such as a credit card or bank transfer to pay the fees.
Processing the request: After submitting the application and paying the fees, it will be processed by the competent authorities in the emirate. This process may take some time and may require the provision of additional documents or additional procedures depending on the case.
Receive the license: After completing all the procedures and requirements, you will receive your company license via email or you can receive it in person from the relevant office in the emirate.

However, there may be some steps and procedures that require your personal presence in the emirate, such as opening a bank account or signing some official documents. Therefore, it is recommended to cooperate with a local consulting firm or a specialized lawyer to help facilitate and complete the process. Company formation in the UAE.

Establishing a company in the Emirates

Advantages of establishing a company in the Emirates

Establishing a company in the Emirates The United Arab Emirates offers investors many unique business advantages and opportunities. Here are some of the key benefits of setting up a company in the UAE:

Advanced investment environment: The UAE has a sophisticated and organized investment environment that facilitates business conduct and enhances economic growth.
Diversity of economic sectors: The UAE offers wide opportunities in various sectors such as trade, industry, financial services, tourism, technology, and others.
Political and security stability: The UAE enjoys security and political stability, making it a safe place for international investments.
Flexible business laws: The UAE adopts flexible commercial laws that help facilitate business and increase flexibility in administration and legislation.
Advanced technology and infrastructure: The UAE has a modern technological infrastructure and advanced technologies that support corporate operations and improve efficiency.
Focus on innovation and research and development: The UAE encourages innovation and development by providing support to leading companies in the fields of technology and innovation.
Low tax laws: The UAE offers a favourable tax environment, with no corporate income tax in most sectors.
Access to international markets: The UAE offers an excellent strategic location that facilitates access to regional and international markets.
Flexibility in company types: The UAE offers flexibility in company types such as sole proprietorships, partnerships, joint stock companies, and public companies.
Competitiveness and innovation: The UAE encourages competitiveness and innovation by providing a competitive environment that motivates companies to improve their performance and provide the best services.

Legal forms of company establishment in Dubai

Company formation in Dubai It is an important strategic step for investors and entrepreneurs seeking to exploit the economic opportunities available in this vital emirate. Dubai provides foreigners with various opportunities to establish companies in various legal forms, whether sole proprietorships, joint stock companies or subsidiaries, with the possibility of obtaining full or partial ownership according to business needs and financial strategy.

Legal form of the company	Foreign ownership	details
Sole Proprietorship	100%	Foreigners can establish a sole proprietorship with full ownership and full control over the business and decisions.
Limited Liability Company (LLC)	Up to 49%	Foreigners can establish an LLC with a local partner who owns a share not exceeding 49% of the capital.
Public Joint Stock Company (PJSC)	Up to 49%	Foreigners can establish a public joint stock company with local partners who own shares in the capital.
Private Joint Stock Company (PSC)	100%	Foreigners can establish a private joint stock company with full ownership and full control over the company.
Subsidiary	Up to 100%	Foreigners can establish a wholly owned subsidiary, but a local legal officer must be provided.
Branch	Up to 100%	Foreigners can establish a branch of their company with full ownership, and a local legal officer must be provided.
Free Zone Company	100%	Free zones allow foreigners to establish companies with full ownership without the need for a local partner.

This table summarizes the main legal forms that foreigners can use to establish companies in Dubai with foreign ownership. One of the striking aspects of establishing companies in Dubai is the focus on innovation and development, as the emirate encourages entrepreneurship and investment in modern industries and technology, which enhances its position as one of the most prominent global centers for innovation and entrepreneurship.

Establishing companies in Dubai is considered a gateway to success and excellence in the business world, where promising economic opportunities meet with a modern business environment and flexible investment climate, giving companies the opportunity to achieve sustainable growth and prosperity in a competitive global market.

Financial conditions for establishing a company in Dubai

Establishing a company in Dubai It requires commitment to specific financial conditions, and here are some of the main conditions to consider:

Basic capital: The basic capital that each partner in the company is working on must be determined, and this depends on the type of company and the planned business activities.
Financial responsibility: Founders must define their financial responsibilities in the company, whether by providing all or part of the capital.
Determine the company’s activities: The type of business activities the company will be conducting must be determined, and the financial requirements may vary depending on these activities.
Administrative expenses: The expected administrative expenses to start operations, such as rent, marketing, human resources, and technology costs, should be calculated.
Taxes and Fees: Local taxes and fees applicable to businesses in Dubai must be taken into account, which may vary depending on the type of company and the sector in which it operates.
Financial resources: The sources of financing available to establish the company must be identified, whether through self-investment, bank financing, or external investments.
Financial projections: Financial projections and a feasibility study should be prepared to assess the sustainability of the company and its ability to achieve profitability and growth in the long term.
Compliance with financial laws: All applicable local and international financial and tax laws in Dubai and the UAE must be complied with.

These financial requirements are part of the process of setting up companies in Dubai, and it is necessary to consult with experts from Itqan Company who are specialized in setting up companies in Dubai and to ensure full compliance with local financial and legal requirements.

Opening a company in the Emirates

Frequently asked questions about opening a company in the UAE

What types of companies can I set up in the UAE?

You can establish companies such as a sole proprietorship, a private joint stock company, a public joint stock company, a limited liability company, and others.

What is the ownership allowed for foreigners in UAE companies?

This varies depending on the type of company and the free zone, but in many cases foreigners can take full or partial ownership.

What are the basic steps to establish a company in the UAE?

The steps include choosing the type of company, choosing the company name, determining the business location, providing the required documents, completing the necessary legal procedures and licenses, and registering the company.

What are the financial requirements to establish a company in the UAE?

Financial requirements vary depending on the type of company and economic activity, and include initial capital, registration costs, licenses and local taxes.