June 08 What is the necessity of security approval to establish a company in Dubai?

Some investors wonder what the security clearance is for. To establish a company in Dubai Because Dubai is considered one of the most prominent global destinations for business and investment, it provides a favorable and flexible regulatory environment that supports entrepreneurs and investors. However, the process of establishing a company in Dubai requires obtaining security approval as an essential part of the legal procedures. The importance of this approval lies in ensuring the security and stability of the country and protecting its economic and social interests. It is a crucial step in verifying the safety of the proposed business activity and its freedom from any potential threats. Thus, security approval contributes to creating a safe and stable investment environment, which enhances the attraction of foreign investments and the development of the local economy.

What is the necessity of security approval to establish a company in Dubai?

Dubai has become the destination of every investor now, due to the investment privileges it offers and the support it provides for various types of commercial, industrial, service and other activities. The laws and regulations related to establishing businesses and companies in Dubai require following a set of necessary legal steps and conditions for establishing a company in Dubai, in order to organize the investment process on a legal basis that guarantees the rights and duties of all parties.

We will learn about the necessity of obtaining security approval to establish a company in Dubai, and the conditions for establishing a company in Dubai as stipulated by the Department of Economic Development in Dubai and the competent Emirati authorities as follows:

In principle, security approval is the approval of the competent security authorities; such as investigating the investor and ensuring that there are no previous cases or violations related to residency and entry visas, with the aim of ensuring the individual’s integrity and ability to manage his business wisely and honestly. In most cases, nationality may be a factor in acceptance.

Security approval is necessary to establish a company in Dubai as one of the most important conditions that must be met to start working in the Emirates because it:

1. It increases the level of credibility in the investor’s business.
2. It gives the investor comfort because all the steps you take are systematic.
3. The security approval confirms to the investor that he is working within the framework of the State of Dubai, which provides protection for him and his business.
4. Security approval helps facilitate and ease business and extract business papers.
5. Approval can give confidence to customers because it assures them that the individual they are dealing with is trustworthy.

Steps to obtain security approval for work

If the investor wants to work in Dubai, he must obtain security approval, which can be obtained by following several different necessary steps that we will discuss in the following lines, which are:

1. First, you must provide all the required documents to obtain security approval.
2. The investor applies for this approval at the relevant departments.
3. The investor applies for an investment visa in the UAE.
4. Pay the fees and get the visa.
5. Obtaining a work permit in the Emirates before applying for security approval.
6. Obtain security approval.
7. The final step comes after fulfilling the previous conditions, which is starting work.

If you apply for a security approval to work in Dubai from within the country, it may take about 14 days to obtain the visa. The security approval and work permit are valid for two months from the date of issuance by the Ministry of Labor. The costs of the security approval that the investor must pay vary depending on the licenses he wishes to obtain, such as:

1. Obtaining licenses to practice any type of activity
2. Obtaining a commercial license in the free zone in the Emirate of Dubai
3. Obtaining approval to start business in the UAE

Documents required for establishing a company in Dubai

There are many documents required to obtain an investor visa in Dubai, which is one of the conditions. Company formation in Dubai As follows :

• Company bank statement for the last three months.
• If there are partners, an appendix with the names of the partners is attached.
• Personal photo with white background.
• passport copy.
• Original and copy of the company’s articles of association or service agent’s contract.
• A copy of the company’s incorporation card in Dubai.
• Possession of a valid trade license in Dubai.

Obtaining an investor visa in one of the free zones in Dubai has many advantages that the investor enjoys over other areas in Dubai, such as:

• Availability of well-equipped office spaces and warehouses at the lowest costs.
• There are no currency restrictions in Dubai.
• The right to recover capital and freedom to dispose of profits.
• Tax exemptions for companies and personal income for individuals.
• Exemption from import and export taxes.
• Foreign ownership of the company without the need for an Emirati partner.
• The company’s establishment and operating costs are lower than other regions.

Company formation in Dubai

Company formation in Dubai It comes with a wide range of features that make it an attractive destination for entrepreneurs and investors from all over the world. The most prominent of these features are:

• Strategic location: Dubai is located in a unique geographical location linking Europe, Asia and Africa, making it a global business hub and a major logistics destination.
• Favorable tax environment: Dubai offers an attractive tax environment with no personal income tax or corporate tax in many free zones, which contributes to enhancing the net profits of companies.
• Advanced infrastructure: Dubai has a world-class infrastructure including road networks, international ports and airports, in addition to advanced free zones that facilitate business operations.
• Easy access to markets: Thanks to its geographical location and advanced transportation facilities, Dubai offers quick and easy access to major markets in the Middle East, North Africa and Asia.
• Economic diversity: Dubai has a diversified economy that includes areas such as trade, tourism, real estate and financial services, providing ample opportunities for investment and growth.
• Government facilities: Dubai offers a range of government facilities to support new businesses, including easy and quick set-up procedures and support for investors through incentive programmes.
• Multicultural environment: Dubai has a great cultural diversity and a diverse international community, which contributes to creating a dynamic and inspiring work environment.
• Political and economic stability: Dubai enjoys a stable political and economic environment, which provides security and confidence to investors.
• Advanced banking and financial services: Dubai offers a wide range of banking and financial services that support businesses efficiently.
• Education and healthcare opportunities: Dubai offers a high-quality education and healthcare system, making it an attractive destination for families and entrepreneurs alike.

Company formation in Dubai Not only is it an opportunity to take advantage of these benefits, it is a step towards engaging in a dynamic and supportive business environment for sustainable growth and success.

Types of companies in Dubai

There are some types of companies in Dubai. Learn about them before starting to establish your company to choose from them. You can rely on Itqan Company, which is one of the best companies that provide all consultations on establishing companies andCommercial License in Dubai:

This table shows the types of companies that you can establish in Dubai. To learn more, contact Itqan Company.

Procedures for establishing a company in Dubai according to the necessary conditions imposed by the state

The country offers a favourable business environment. toaCompany formation in DubaiThe establishment procedures are facilitated in cooperation with Itqan, which provides integrated services to investors in order to establish successful companies in Dubai. The procedures are as follows:

Select company type

1. Determine the type of company that best suits your needs and goals (LLC, closed company, open company, branch of a foreign company).
2. Make sure the company type matches the nature of your business.

Choosing a company name

1. Choose a unique name that has not been used before.
2. Ensure that the company name complies with UAE laws.
3. Submit an application to register the company name with the Ministry of Economy or the Dubai Economic Authority.

Determine the company’s activity

1. Specify the company’s activity accurately according to the International Industrial Classification System.
2. Make sure you have the necessary licenses to operate.

Choose a commercial office

1. Select a suitable location for your company office.
2. Make sure you have a lease for the office.

Submit a company establishment application

Submit the company establishment application with all required documents to the Ministry of Economy or Dubai Economic Authority.
Required documents include:

1. Company formation application
2. Company Articles of Association
3. Identity documents for shareholders
4. Capital proof documents
5. Office Lease Contract
6. Other documents depending on the type of company and its activity

Get approval from the authorities

1. After submitting the application to establish the company, it will be subject to examination by the authorities.
2. You will get the approval of the authorities to establish the company after ensuring that all conditions are met.

company Registration

1. After obtaining the approval of the authorities, the company will be officially registered.
2. You will receive a company registration certificate.

Obtaining the necessary licenses

After registering the company, you will need to obtain the necessary licenses to operate.
Required licenses include:

1. Business license
2. Work permit
3. Other licenses depending on the type of company and its activity

Opening a company bank account

1. Open a company bank account in a bank in the UAE.
2. You will need to provide the required documents to open a company bank account.

Additional Terms

1. All shareholders of the company must be adults.
2. The company must have one or more directors.
3. The company must have a registered address in the UAE.
4. The company must have a bank account in the UAE.

In conclusion, it can be said that Company formation in Dubai It represents a golden opportunity to achieve success and growth in a thriving and diverse economic environment. The many advantages that Dubai offers, such as its strategic location, advanced infrastructure, and favorable tax environment, make it an ideal destination for entrepreneurs and investors from all over the world. However, obtaining security approval is a crucial step to ensure the safety and stability of business activities, which contributes to creating a safe and sustainable investment environment.

This approval ensures that new businesses comply with local laws and regulations and respect safety and security standards, which builds trust between investors, the government and the local community. Ultimately, this contributes to enhancing Dubai’s investment climate and making it one of the best business destinations in the world. Compliance with security approval procedures is not just a legal requirement, it is part of the commitment to a safe and prosperous future for businesses in Dubai.

Frequently asked questions about the need for security approval to establish your company