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How to set up a company in Dubai

٢٧ فبراير How to set up a company in Dubai

Do you feel that it is time for you to start your own project and achieve your ambition in managing the work that you excel at? Now you can take your first steps with confidence by establishing a company in Dubai that enables you to practice any commercial, industrial or professional activity with ease and convenience. In our company, we overcome all possible difficulties and enable you to open your company in Dubai in the least possible time and effort. Our work team will provide all support to you and your partners during all steps of establishing a company in Dubai, starting from determining the type of activity, choosing the trade name, obtaining security approval, and then preparing all the documents required to complete the procedures for opening the company in Dubai.

All you have to do is set a time to meet our experts to discuss the details of the company activity you wish to open and provide them with all the required personal documents, and then we will, on your behalf, complete all the steps with the various government agencies in order to obtain a business license in the city of Dubai in the shortest possible time.

The period required to obtain a business license is closely related to the type of activity or activities you wish to engage in, in addition to the legal form of the company. There are commercial activities that require approvals from more than one governmental or federal entity, but the Dubai City Government always guarantees to all investors the provision of unparalleled services and facilities in order to make Dubai the ideal destination for opening companies and conducting business.

Steps to set up a company in Dubai

Establishing a company in Dubai requires following a set of steps and approvals required by the Department of Economic Development and other relevant authorities to officially register the facility. First, you must determine the type of activity you wish to engage in, which in turn will determine the parties associated with the activity and the legal forms permitted.

We now review the complete and necessary steps to establish a company in Dubai:

  1. Determine the company’s business activity.
  2. Determine the legal form and parties.
  3. Determine and reserve the trade name.
  4. Apply for initial approval certificate.
  5. Preparing construction contract and service agent agreement.
  6. Choosing a company location and documenting the lease contract.
  7. Obtaining approvals from the authorities regulating the activity.
  8. Receive the commercial license.

Our team will provide you with all the support and implement all the steps mentioned above, starting from determining the type of activity, choosing the trade name, obtaining security approvals, and then preparing all the documents required to complete the steps of establishing the company in the city of Dubai in a few days.

All you have to do is set a time to meet our experts to discuss the details of the company activity you wish to establish and provide them with all the required personal documents, and then we will, on your behalf, complete all the steps with the various government agencies in order to obtain a business license in the city of Dubai in the shortest possible time.

The period required to obtain a business license is closely related to the type of activity or activities you wish to practice, in addition to the legal form of the company. There are commercial activities that require approvals from more than one governmental or federal entity, but the Dubai City Government always guarantees to all investors the provision of unparalleled services and facilities in order to make Dubai the ideal destination for establishing businesses.

Costs of setting up a 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 step is to know all the costs of establishing a company. 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:

Before you start establishing a company in Dubai, you must follow some procedures that will qualify you to establish a company in Dubai. Here are the steps that must all be followed:

· Select the activity:

This is the first step to establishing a company in the city of Dubai or establishing a company in the free zone, where you start by determining what the appropriate activity is, and this will be determined by the place where you will establish the broad base from which you will choose from all economic, professional, commercial, and industrial fields the appropriate field for you.

Commercial registration:

This is the second step and is linked to the first stage. Your company’s trade name is what distinguishes it commercially from other companies in the same field. There are some conditions for obtaining the approval of the Department of Economic Development for commercial registration, which are:

  1. The trade name you choose must be in keeping with public taste and must not contain inappropriate phrases or words.
  2. The legal form of the company must be linked to the trade name.
  3. The company name must not be registered by another company.
  4. Also, the brand name should reflect the product or activity it offers.
  5. The trade name must be free of the name of God Almighty or the Lord or any of the beautiful names of God.
  6. The trade name must not include the name of any government institution or any external or partisan logos.

· Obtaining initial approval:

This is the third step after determining the activity, commercial registration, and choosing the name of the activity. Before the initial approval to establish a company in Dubai City for foreigners, you must obtain the approval of the General Directorate of Residency and Foreigners Affairs.

· Choosing the company’s headquarters:

All companies in the UAE must have a fixed address in the UAE, whether establishing a company in the free zone in Dubai, such as establishing a company in Jebel Ali, or outside it, will require you to provide a lease contract certified by the Real Estate Regulatory Authority in Dubai. You can add a license to your current activity, but taking into account the following conditions:

  1. The partner in the new company must be one of the shareholders or owners of the existing company.
  2. The number of licenses owned by one citizen party shall not exceed 10 licenses for the same location.
  3. The area of ​​each license site shall not be less than 200 square feet.
  • Obtaining approvals from the entities concerned with the facility: such as legal consultations, insurance and transportation activities.
  • Obtaining a commercial license in Dubai: To obtain a commercial license in Dubai, there are two steps:
  1. Payment of commercial license fees.
  2. Collect all the documents you have completed in the previous stages and submit them to the Department of Economic Development.
  3. An urgent application can be submitted to obtain an instant license in Dubai City and the fees for it can be paid.

Residence and investment in Dubai:

In order to combine residence and investment in Dubai, you must know the best way to do so. There are many ways to reside in Dubai, but we will only discuss residence in Dubai by establishing a company affiliated with the free zone. This allows you to reside and invest in the free zone, through which you can also invest in Jebel Ali, but at the beginning it requires obtaining a sponsor and then choosing the free zone in which you want to invest. It will not take much time until you go to the immigration department to create a file, through which you can bring in employees with your own visas to carry out the project.