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Establishing a private company in Dubai

Establishing a private company in Dubai

٢٨ أبريل Establishing a private company in Dubai

Why start your business and company in Dubai?

Whatever your budget and financial capacity, you can start a business, trade or provide services in the Emirates due to the different living conditions, requirements and expenses, and the different costs of establishing companies between each emirate and between the types of companies available.

It is noticeable in the Emirates, especially Dubai, the high population density and the constant flow of people, whether they are capitalists, investors or skilled workers, which led to many needs for different projects and an increase in demand for products and services, so it is the best place to start your business or industry or provide your services in it, as users and the public are present. The Dubai government supports entrepreneurs and investors and facilitates all services and needs to start a business or activity in Dubai .

Steps to establish a private company in Dubai

Determining the trade name before establishing a private company and obtaining initial approval. It must be taken into account that the trade name is completely compatible with the nature of the activity that the company will carry out in accordance with the terms and laws that determine that point. As for the initial approval, it includes both the names of the partners in establishing the company and the nationality of each of them, in addition to the main purpose for which the company was established.

Company formation in Dubai

After this step of determining the trade name and obtaining the initial approval to practice the activity is completed, our work team begins to deal with the UAE government agencies in order to obtain the required initial legal approvals and licenses.

Preparing a contract to establish a private company in the Emirate of Dubai

Which will specifically state the names of the partners and their nationalities, as well as the trade name that will be used after approval, in addition to identifying the company’s manager, the total paid-up capital, and each partner’s share and percentage in the capital.

Issuance of a license to establish a private company

This is the step that will be implemented after implementing all the previous steps, where a lease contract for the company’s headquarters will be submitted, the incorporation contract will be submitted, and the fees for this step will be paid. The trade name will also be linked, approval will be obtained, and the company’s commercial register will be issued before the Department of Economic Development in the Emirate of Dubai. Free zones are among the most important reasons for investment attraction and increasing employment rates and national income due to the influx of foreign capital and its injection of money into the national economy. During this topic, we will review the concept of the free zone in the UAE and its most important types and advantages.

What are free zones and what are their advantages?

Free zones are generally commercial areas established by countries with the aim of increasing trade activity and attracting domestic and foreign investments. The country offers great commercial incentives to investors, including the possibility of owning land and many tax and customs exemptions, with the aim of stimulating labor activity, establishing companies, and attracting capital.

As for the UAE, it began establishing the first free zone in 1985 when it established the Jebel Ali area, which was the nucleus for setting the basic standards for establishing such areas in the UAE. On this basis, dozens of free zones have been established so far, and the UAE, and the Emirate of Dubai in particular, have become one of the most important leading cities in this field.

One of the most important advantages offered by the Emirate of Dubai in particular and the UAE in general is that it has become possible for foreign investors to own lands and companies in full, after it was previously required that an Emirati citizen own a total of 51% of the company.

The UAE also provides in the free zones the freedom to choose workers without being bound by the usual rules and laws of sponsorship and employment. Not only that, but investors in the UAE free zones have tax exemptions on exports and imports, and they have special tax treatment and various customs exemptions. Since the Jebel Ali Free Zone, distinct free zones have been established in Dubai and the UAE in general, and the fields in which the free zones were established have diversified to meet the needs of their development.

Establishing a new offshore company in Dubai

Simple steps to achieve your dreams of investing in Dubai and establishing a new company , more than ten years of experience in dealing with all types of companies, whatever the type of activity you want to work in in Dubai, we will provide you with everything you need to obtain all the necessary approvals and licenses to start this activity without any effort or hassle. Just contact us and get a free consultation with all the details and necessary papers.

Establishing a company in Dubai

Establishing a private company in Dubai, while you want to establish a new company or establish a private company in the city of Dubai, we provide you with everything you need to achieve all the work you want, and facilitate all the procedures that must be carried out in order to establish the company.

There is also a team of experts specialized in guiding all the correct steps in order to establish a sound company and operate it as quickly as possible, as these steps must be taken into account in order to establish a sound company.

Steps to establish a private company in Dubai:

  • First, you can determine the business activities that are being carried out in order to know the property used to establish the companies.
  • You can establish your company through websites, by responding to some messages sent to you from some trustworthy websites, where all forms are filled out online.
  • Provide all the information about you and the project you are applying for. After obtaining approval, you can pay the fees to establish the company through the bank. This work is done within days without any difficulty. After seven days of receiving the transfer, the address of the place and the goods being worked on are sent with ease.
  • You may search for some other companies or different places in order to obtain a suitable place to complete the company. This is also considered one of the important matters that require deep thinking in order to reach a suitable solution and establish a more vital company.
  • A special name must be chosen for the company, but this name must be compatible with the UAE rules and standards and not violate the laws.
  • Providing capital to start a large, limited project.
  • Prepare and dispose of all general tax papers before implementing the company, and obtain official papers and licenses.
  • Creating a bank account, with the issuance of a special visa, is considered one of the conditions for establishing a company recently.
  • There must be an Emirati partner in the company, and this cannot be done otherwise unless there is an influential person.

Our company has a professional team ready to help you establish your business easily (commercial register – equipped offices – investor residence) and thanks to our integrated services, you can establish your company using models specially designed to suit your needs.

Our company provides you with the support you need to establish your business by giving you a range of options that allow you the freedom to choose the best path that suits your personal requirements. Moreover, you will receive assistance in every step of the establishment process, starting from submitting the application, through registering the company data and choosing the activity, and ending with renting the headquarters and obtaining the license.

Costs of establishing a private company in Dubai:

  1. Cost of a commercial license “Cost of a commercial license in the Dubai Free Zone” (license to practice business).
  2. The cost of the company location or office where you want to conduct your business (annual office rent or the cost of purchasing a new office).
  3. Costs related to office furniture and decoration.
  4. The cost of work permits and visas required for employees sponsored under your company name.
  5. Open a bank account in the company’s name and deposit the minimum capital required according to the type of your business activity.

The legal form of the company also plays a major role in the increase or decrease in the cost of establishment. For example, the costs of establishing industrial companies are higher than those of commercial and professional companies. The commercial license in Dubai is the most important document you need, and of course we help you obtain the commercial license in the easiest way possible.

The most important initial steps are to know all the costs of establishing companies . If you are planning to establish a commercial company in Dubai, you must determine the options in order to be able to determine the cost, such as whether the company is large or small, how many employees and where you want to establish the company?

So you need to know the fees required, because there are new business licenses that you have to obtain for a fee and a fee, in addition to obtaining visas for the company’s employees. There are costs of sponsoring employees and providing them with the necessary visas and papers in order for them to be allowed to reside in the United Arab Emirates.

Procedures for establishing a company in Dubai

The UAE is working to facilitate all means of investment in it, as it makes the procedures for establishing a company in it simple and uncomplicated matters. There are several important steps that must be followed to establish a company in Sharjah, Dubai, or any region in the Emirates, which are:

  • Determine the activity: The first step to start investing in Dubai is to determine your activity. This also depends on choosing the activity that suits the location and also the activity must be within the needs of the population consuming the product in the location you have chosen and the activity that has been determined.
  • Commercial Register: This is the second step, where you can specify the trade name of the company you are establishing and based on that you can start it, as you must meet all the requirements of the Department of Economic Development in order to be able to obtain approval to register your company.
  • Initial approval: You must first obtain approval from the General Directorate of Residency and Foreigners Affairs, and then we move on to initial approval from the rest of the relevant authorities.
  • Determining the company’s location: It is necessary for a private company to be established in Dubai for foreigners to have a fixed location and legal headquarters in Dubai in particular or in the Emirates in general, as this requires you to obtain a lease contract authenticated by the Real Estate Regulatory Authority in Dubai.
  • Approval of the relevant authorities in the company: such as transportation authorities, the authorities responsible for insurance in the company, and legal consultations.
  • Obtaining an instant license in Dubai: In order to obtain the license, there are several steps, which are:
  • Payment of the cost of a commercial license in the Dubai Free Zone
  • Collect all attachments and documents related to the company and everything related to it and submit them to the Department of Economic Development.

Cost of a business license in Dubai Free Zone

The success of investing in Dubai begins with knowing the expenses that you will need to establish a private company in Dubai for foreigners. One of the most important of these expenses is the cost of a commercial license in the Dubai Free Zone, as the Department of Economic Development in Dubai provides many things from which company owners can estimate the fees required to establish their businesses.

You should know that if you choose to establish a company in one of the free zones in Dubai , each free zone has different fees for its license, and some free zones require the owner to have a minimum capital that cannot be less than that. Other advantages when you choose to invest in Dubai: There are several advantages that make investing in Dubai enjoyable and also very profitable.

Dubai is considered the ideal market for investment, although it is considered an emerging market. This comes as the UAE government provides full support to investors in general and foreign investors in particular, as it facilitates the licensing and residence visa processes for founders and also for company employees.

The Dubai government provides financial support and many grants to projects that have proven to be very successful, and all of this has led to the influx of many investors to Dubai to reside in Dubai, making Dubai a very important commercial center and a strong attraction for investment.