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Establish a company in Dubai through Bashar services

١٢ فبراير Establish a company in Dubai through Bashar services

Establish a company in Dubai through Bashar services

How to set up a company in Dubai through Bashar services, in the city of Dubai, the leading financial center in the Middle East, continues to attract foreign investment thanks to its supportive environment for entrepreneurship and start-ups. Thanks to government incentives and advanced infrastructure, setting up companies in Dubai has become an attractive option for investors from all over the world.

To facilitate this process for foreigners, the government has launched the Bashar platform in cooperation with Itqan Professional Services Company. This platform provides a comprehensive set of services and solutions that enable investors to establish their companies in Dubai in an easy and fast way.

Through Bashar and Etqan, foreigners can benefit from the expertise and guidance needed to meet all legal and regulatory requirements in record time. This is a major incentive for investors seeking to capitalize on the promising opportunities that Dubai offers for their businesses.

Under this strategic partnership, foreigners can explore all available options. Establishing a company in DubaiFrom choosing the right legal form to obtaining the necessary licenses and approvals, the process of setting up companies in Dubai becomes smoother and more efficient than ever before.

Establish a company in Dubai through Bashar services

Establish a company in Dubai through Bashar services

How to set up a company in Dubai through Bashar services

Establishing a company in Dubai It is considered a golden opportunity for investors coming to the UAE, due to the facilities provided by the government to encourage investment and investors and raise the level of the UAE economy.

The Basher electronic platform is also an integrated platform with the government departments and agencies in the UAE concerned with licensing economic activities, through quick and easy procedures without the need to visit a government agency.

Through the Bashar portal, anyone who wishes to Establishing a company in Dubai Get a commercial license in just a quarter of an hour.

Basher platform includes the following services:

    • Commercial license.

    • Chamber of Commerce membership number.

    • Establishment card from the Federal Authority for Identity and Citizenship.

    • Establishment number from the Ministry of Human Resources and Emiratisation.

    • Work permits from the Ministry of Human Resources and Emiratisation.

    • Renewing commercial licenses for more than 1,200 economic activities.

Steps to register on the Basher platform to establish a company in Dubai

There are some steps for registering on the Absher platform, in terms of: Establishing a company in DubaiHere are the steps to register on the Basher platform to establish a company in Dubai:

    1. Log in to the Basher platform website and click on Start a Business.

    1. Choose the type of company you want to establish. Start with a variety of options such as a limited liability company or a free zone company.

    1. Provide basic information about the company you want to create, such as name, business activity, and address.

    1. Determine the appropriate location to establish the company, whether in the free zone or commercial areas in Dubai.

    1. Filling out the registration application form on the Bashar platform, which requires submitting documents such as a passport and CV.

    1. Select additional services required such as trade license, bank account establishment and workers insurance.

    1. Review and confirm your registration request and agree to the terms and conditions.

    1. Pay the required fees through the options available on the platform.

    1. Receive the registration certificate issued by the competent authorities in Dubai.
      With these simple steps, you can easily set up a company in Dubai through the Basher platform, which provides comprehensive support throughout the process. Don’t think too much, you are in the right place to set up a company in Dubai, as we provide you with full assistance and professional advice, providing everything you need to save time, high costs and wasted money. Contact us now.

Legal and Regulatory Requirements for Setting Up a Company in Dubai

The ownership structure of the company must be determined, whether it is a limited liability company, a free zone company, or other. Depending on the chosen structure, the incorporation requirements will differ and there are some basic legal and regulatory requirements for incorporating a company in Dubai:

    1. Choosing a trade name: The company’s trade name must be chosen in accordance with the laws and regulations in Dubai.

    1. Obtaining a commercial license: Obtaining a trade license issued by the Dubai Department of Economic Development is mandatory to practice commercial activity.

    1. Determine capital: The capital required for the company should be determined according to the type of activity and ownership structure.

    1. Submission of shareholder documents: Includes passports, contributor CVs, birth certificates, etc.

    1. Residence procedures: If the shareholders are foreigners, they will need appropriate residency procedures.

    1. Open a bank account: A company bank account must be opened in Dubai to manage financial transactions.

    1. Obtaining insurances and approvals: There may be additional requirements for insurance and government approvals depending on the nature of the activity.
      These are the basic requirements, but details may vary depending on the type of company and its location in Dubai. Legal advice from our specialist firm is essential to ensure full compliance.

Establishing a company in Dubai without the investor being in the UAE

You could Company formation in Dubai Without the need for your personal presence in the Emirates. There are some options that allow you to do this:

    1. Free Zone Company: You can establish a company in one of the free zones in Dubai such as Jebel Ali Free Zone or Dubai Airport Free Zone. In this case, you will not need to have a headquarters in the Emirates.

    1. Remote appointment: You can appoint a person residing in the UAE as the legal representative of the company. This representative will be responsible for managing the day-to-day affairs of the company on your behalf.

    1. Local Agent: You can hire a local agent in Dubai like Itqan to help you set up and manage the company on your behalf. We are the agent responsible for all legal and regulatory procedures.

    1. Partnership with a resident in the Emirates: You can establish a company in partnership with a person residing in Dubai, who will be responsible for local requirements.
      In all these cases, you will be able to manage the company remotely by communicating with the local representative or agent. But make sure to fully comply with the applicable regulations and laws.

Types of companies in Dubai

You could Company formation in Dubaiwhich include but are not limited to:

    1. Sole Proprietorship: Also known as a sole proprietorship or a company wholly owned by one person. In this type of company, the liability lies with the sole proprietor.

 

    1. Limited Liability Company: Also known as an “LLC”, it is a popular form of business in Dubai. Business owners enjoy benefits such as protection of personal assets and splitting of profits and losses according to agreed ratios.

 

    1. Joint stock company: It consists of several shareholders and the capital is divided into shares. Each shareholder has a certain percentage of ownership, liability and profits.

 

    1. Company in the free zone: Dubai’s free zones provide an ideal environment for startups and SMEs, with easy customs, regulatory and tax facilities.

 

    1. Company in the economic free zone: These free zones are a major attraction for foreign investment, providing a flexible business environment and a favourable investment climate.

 

These are just some of the main types of companies you can set up in Dubai, and the Basher team in collaboration with Itqan can help you choose the right type that suits your needs and business requirements.

Legal and Regulatory Requirements for Setting Up a Company in Dubai

Legal and Regulatory Requirements for Setting Up a Company in Dubai

Advantages of establishing a company in Dubai

Establishing a company in Dubai It provides many attractive features for foreign investors, the most important of which are:

    • Advanced infrastructure and government incentives: Dubai has a high-quality infrastructure, from roads, ports and airports to telecommunications and energy. The government also provides attractive incentives and tax exemptions to attract foreign investment.

    • Fully foreign ownership: In Dubai, foreigners can establish wholly owned companies, without the need for a local partner. This provides greater flexibility and control over the business.

    • Economic diversification: Dubai has a diversified economy covering multiple sectors such as trade, tourism, aviation and financial services, providing ample investment opportunities for investors.

    • Advanced legal system: Dubai has a transparent and modern legal system, supported by specialized courts for commercial disputes. This provides a safe environment for business.

    • Strategic location: Dubai is located at the heart of the Middle East and North Africa region, making it an ideal gateway to access these promising markets.

    • High quality of life: Dubai offers a unique living environment in terms of infrastructure, services and entertainment, which attracts global talent to work and live in the city.
      These advantages make Dubai a leading destination for foreign companies to establish, especially with the support provided by platforms such as Basher and Itqan.

Expected costs of establishing a company in Dubai

Company formation in Dubai It involves various costs including government fees, licensing fees, and legal and consulting services costs. These costs may vary depending on the type of company you wish to establish, its location, and the size of your future operations. Some of the expected costs include:

    1. Company registration fees: It depends on the type of company and registered capital.

    1. Annual license fees: It varies depending on the company’s activity.

    1. Legal consultation costs: To ensure compliance with local laws and regulations.

    1. Consulting fees: To help you choose the best option for your company.

    1. Virtual office costs: If you do not have a physical office in Dubai.

    1. Tax and accounting services fees: To comply with financial and tax reporting requirements.
      These are approximate costs and may vary based on individual circumstances. It is wise to speak with Etqan’s specialist consultants to get an accurate estimate of the costs of setting up your company in Dubai.

How to set up an offshore company in Dubai

Setting up an offshore company in Dubai In collaboration with Etqan, it offers many attractive benefits to international investors. Dubai is home to multiple free zones that offer exceptional incentives and facilities for company formation. In collaboration with Etqan, investors can avail these benefits easily and quickly. Etqan is a company specialized in company formation in the UAE, providing comprehensive services from legal consultations to registration and licensing procedures.

Using the Itqan platform, foreign investors can set up an offshore company in Dubai with 100% foreign ownership. This provides them with great flexibility in managing their business and attractive tax benefits. Itqan also helps in opening bank accounts and providing staffing, accounting and auditing services.

In addition, offshore companies in Dubai enjoy access to the region’s vast markets and rapid growth, making it an ideal platform for expanding businesses regionally and globally.

With the support and expertise of Etqan, foreign investors can take advantage of all these benefits and establish an offshore company in Dubai quickly and easily. This enables them to enter the Middle East and global markets efficiently and effectively.

When finished Company formation in Dubai You will have embarked on a wonderful journey towards success and prosperity in one of the most dynamic and advanced cities in the world. Dubai is an ideal environment for business, with advanced infrastructure, easy access to regional and global markets, and an effective legal and regulatory system that supports business.

By taking advantage of the investment opportunities available in Dubai, and working hard and smart, you can build a successful and thriving company that contributes to achieving your personal and professional goals. In addition, obtaining logistical and consulting support from specialized local companies can contribute significantly to the success of your business.

If you are thinking of starting a business in Dubai, you are in for an exceptional experience that combines innovation with limitless possibilities. Start your entrepreneurial journey today and prepare to welcome a bright future in the business world in Dubai.

Frequently asked questions about setting up a company in Dubai

Do I have to reside in Dubai to set up the company?

No, not necessarily. You can establish the company by appointing a local representative or relying on a local agent.

What are the steps required to set up a company in the Dubai Free Zone?

Choosing the right free zone Obtaining free zone approval for the business activity Completing registration procedures and obtaining a business license Securing an office or office space in the free zone

How long does it take to set up a company in Dubai?

The process typically takes 4 to 8 weeks, depending on the required approvals and availability of documents.