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Starting an investment business in Dubai

Starting an investment business in Dubai

٢٤ يناير Starting an investment business in Dubai

Starting an investment business in Dubai is a strategic and interesting move for investors seeking high returns and financial stability. It is important that the investment is carried out in a correct and precise manner in cooperation with a specialized company such as Itqan Company, which has extensive experience in the investment market in Dubai.

Dubai is characterized by many factors that make it an ideal investment destination, such as advanced infrastructure, clear and encouraging business laws, and a diverse and thriving economy. In addition, its advantageous geographical location makes it a center for global trade and commerce.

When you work with Itqan, you will receive the support and assistance needed to start a successful investment business in Dubai. They provide specialized and integrated consulting services, starting from market analysis and evaluation of investment opportunities, all the way to establishing the company and creating the appropriate organizational structure.

Moreover, Itqan provides a wide network of clients, developers and investors in Dubai, giving you the opportunity to benefit from exclusive offers and deals in the investment market.

Your cooperation with Itqan Company will provide you with comfort and confidence in starting an investment business in Dubai. You will receive the necessary advice and strategic guidance to make the right decisions, and support will be provided in all aspects of investment work, including managing legal, financial and administrative files.

In short, starting an investment business in Dubai in cooperation with Itqan Company is a successful and smart choice. They will help you achieve your investment goals and ensure your success in Dubai’s dynamic and evolving investment market.

Starting an investment business in Dubai

Starting an investment business in Dubai

Types of business licenses available in Dubai

Dubai is considered one of the most attractive cities for investment in the world, as it has a developed infrastructure and clear and encouraging business laws. One of the essential steps to starting a business in Dubai is obtaining the appropriate business license.

Several types of business licenses are available in Dubai , which suit the needs and requirements of investors. Below we will review some common types of business licenses in Dubai:

  • General Commercial License: Allows companies to conduct their commercial activities in general, without restrictions on activity. This license is suitable for companies that want to diversify their business activities.
  • Limited commercial license: allows companies to conduct their commercial activities with specific restrictions on the activity. These restrictions can be determined according to the type of activity and specialization in which the company wants to work.
  • Sub-license: Allows foreign companies to open branches in Dubai, and requires a parent company to be located abroad and direct the branch to Dubai.
  • Individual License: Allows individuals to conduct their business activities individually, without the need to establish a company. This license is ideal for freelancers and specialists in certain fields.

Requirements for obtaining commercial licenses vary depending on the type of license and type of activity. There are many specialized companies, such as Itqan Company, that provide support and assistance in obtaining commercial licenses and provide the necessary consultations to start and operate businesses in Dubai.

Free zones and what are their benefits

Free zones and what are their benefits

Free zones and what are their benefits

Free zones in Dubai are considered one of the most important factors that attract investors and companies to come and invest in the city. These areas provide a distinct commercial environment characterized by independence, flexibility, and financial and customs facilities. Free zones in Dubai offer many benefits to investors, and below we will review some of these benefits:

  • Customs facilities: Free zones provide complete or partial customs exemption on imported and exported goods. This helps companies reduce production costs and increase their profitability.
  • Advanced Infrastructure: Dubai’s free zones have an advanced infrastructure that includes advanced logistics facilities, warehouses, and industrial facilities. This helps companies improve the efficiency of their operations and reduce production costs.
  • Foreign Investments: Dubai’s free zones encourage foreign investments and provide a favorable environment for foreign companies to come and invest in the country. These investments provide opportunities to exchange technologies and expertise and promote international economic cooperation.
  • Financial Facilities: Dubai free zones offer financial facilities such as soft loans, tax exemptions, and easy bank financing. This helps companies finance their operations and expand their activity efficiently.
  • Access to the regional and global market: Dubai’s free zones are located in strategic locations that provide easy access to regional and global markets. Businesses can take advantage of Dubai’s advanced global transportation network to distribute their products and expand their reach.

In short, Dubai’s free zonesprovide a distinguished investment environment that helps companies achieve sustainable success and promotes economic development in the city. Free zones in Dubai vary in the services and benefits they offer

Basic costs of setting up a company in Dubai

Basic costs of setting up a company in Dubai

Basic costs of setting up a company in Dubai

Establishing a company in Dubai includes basic costs that vary depending on the type of company and the sector in which it operates. Establishing a company requires many legal and financial procedures that may include specific costs. In the introduction, we must note that for establishment in Dubai, there are many free zones available that offer excellent financial and customs facilities to companies. As for the basic costs of establishing a company in Dubai, they include, but are not limited to:

  • Business license costs: Establishing a company in Dubai requires obtaining the necessary business licenses. The costs of these licenses vary depending on the type of company and its activity, and include registration fees and government licenses.
  • Legal incorporation costs: Companies must adhere to legal incorporation procedures. This includes the costs of legal consultations, attorney fees, and other legal procedures related to establishing the company.
  • Required capital: The capital required to establish the company is considered one of the basic costs. Capital requirements vary depending on the type of company, and may require a specific amount to be deposited into the company’s bank account.
  • Rent and office costs: Companies must obtain a place for their headquarters or office to operate, and this includes rental costs and associated expenses.
  • Labor costs and visas: Establishing a company in Dubai may include recruitment costs and securing work visas for foreign employees working for the company.

Whatever the basic costs of establishing a company in Dubai , proper financial planning and consultation with business consultants and competent lawyers must be done to ensure compliance with all laws and achieve the success of the company. You should also be aware that costs may vary depending on current legislative and legal requirements.

Taxes that companies must pay in Dubai

Establishing a company in Dubai involves many legal and financial matters, including the taxes that companies must pay. In the introduction, we should note that Dubai has a lenient tax regime that makes it easier for companies to operate and grow in the market. Here are some of the main taxes that companies must pay in Dubai:

  • Value Added Tax (VAT): VAT has been implemented in the UAE as of 2018. The tax rate is 5% and applies to specified goods and services, and businesses are subject to registering the tax, filing reports and paying the tax regularly.
  • Income Tax: Under current laws, companies in Dubai are subject to 0% income tax. This means that companies are not obligated to pay income tax on the profits made.
  • Company Fees: Company fees include government registration and licensing fees that companies must pay annually or if licenses are renewed.
  • Work Visa Fees: Companies are subject to work visa fees for foreign employees who work for the company. This may require paying fees to obtain and periodically renew work visas.

Taxes in Dubai aim to promote a sustainable economy, provide public services and develop infrastructure. However, companies must comply with those taxes, submit required financial reports, and pay fees and taxes on time. Companies should consult with competent tax advisors and accountants to ensure full compliance with tax laws and reduce tax burdens as much as possible.

The best ways to finance in Dubai

Business financing in Dubai is a vital aspect of the success of any company. At the forefront, we should note that Dubai has a great diversity of financing methods available, which provides multiple opportunities for companies to obtain the necessary financing for their growth and expansion. Here are some of the main ways of financing in Dubai:

  • Self-financing: Self-financing is one of the popular options for businesses in Dubai. This involves using the company’s own capital or shareholders’ money to cover costs and fund growth.
  • Bank Loans: Businesses can obtain loans from local banks in Dubai. A company’s ability to obtain a loan depends on factors such as credit history, ability to repay loans and security obligations.
  • Risk Capital: Companies can look for venture investors to finance their businesses. This includes investments by individual entrepreneurs, investment funds or appropriate investors who believe in the company’s project and can contribute the necessary capital.
  • Government funding: The government in Dubai provides programs and initiatives to support emerging and medium-sized companies. Businesses can explore opportunities to obtain financing through various government programs.
  • Venture Capital: Companies can attract venture capital through initial public offerings (IPO) or selling shares to public investors. However, this requires compliance with applicable financial laws and regulations in Dubai.

These methods aim to provide the necessary financing for companies in Dubai, but companies must adhere to financial laws and turn to professional financing consultants to assess their financial needs and choose the appropriate option for them.

Learn about investment work in Dubai

At the conclusion of this text, it can be said that starting an investment business in Dubai in cooperation with Itqan Company represents a real opportunity for success and expansion in the dynamic Dubai market. Dubai has an advanced economic environment, strong regulatory and business encouragement, making it an ideal investment destination.

Itqan Company is considered a strong and reliable partner in this context, as it has deep knowledge of the Dubai market and extensive experience in the field of investment and business. By benefiting from their experience and network, the investing company can achieve success and effectively achieve its goals.

Moreover, Dubai offers a diverse investment environment and great opportunities in various sectors, such as real estate, trade, hospitality, technology and innovation. Companies in Dubai also enjoy distinct financial and tax privileges, which increases the attractiveness of investment in the region.

However, we must mention that starting an investment business in Dubai requires good study and planning, including market study, economic feasibility analysis, and obtaining the necessary licenses. Investors should also comply with local laws and regulations and engage local business advisors for necessary advice.

In short, starting an investment business in Dubai in cooperation with Itqan Company can be a strategic step towards achieving success and expanding business in this global destination. It is important to research and plan carefully and make appropriate financial decisions to achieve the desired goal.

Frequently asked questions about starting an investment business in Dubai

What types of business licenses are available in Dubai?

  • Commercial license: for commercial activities such as retail and wholesale.
  • Industrial licence: for industrial and manufacturing activities.
  • Professional licence: for activities that require special professional skills such as consulting services.
  • Tourist licence: for tourism-related activities such as travel agencies and hotels.

What are free zones and what are their benefits?

  • Free zones: These are special economic zones that allow 100% foreign ownership and provide tax exemptions and customs benefits.
  • Free zones in Dubai include: Jebel Ali, Dubai Internet City, and Dubai Healthcare City.

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

  • Choosing a business activity: Determine the type of business activity and submit an application to the Department of Economic Development.
  • Determine the legal form of the company: such as a limited liability company (LLC), a branch of a foreign company, or a company in a free zone.
  • Obtaining approvals: Some commercial activities may require special approvals from the competent authorities.
  • Renting an Office: Companies need a physical office in Dubai.
  • Obtaining a commercial license: After completing all procedures and obtaining approvals, a commercial license is issued.

Can foreigners fully own companies in Dubai?

Yes, foreigners can fully own companies in free zones. Outside the free zones, foreigners can own up to 49% of the company, while the remaining 51% must be owned by an Emirati citizen or a company wholly owned by Emirati citizens.

What are the basic costs of setting up a company in Dubai?

  • Registration and licensing fees: varies depending on the type of activity and the legal form of the company.
  • Office rental: The cost of office rental varies depending on location and space.
  • Administrative costs: include translation costs, approvals, and legal services.

What taxes must companies pay in Dubai?

  • Dubai does not impose taxes on individual or corporate income, except for oil companies and banks, which are subject to a certain tax.
  • There may be other fees such as licensing fees and customs fees.

What are the best ways to finance in Dubai?

  • Local and international banks: Banks provide a wide range of financing and loan services.
  • Venture Capital Funds: Startups can apply for funding from venture capital funds.