Establishing a company in Dubai requires completing a series of procedures and approvals required by the Department of Economic Development and other relevant authorities to officially register the establishment. First, you must determine the type of activity you wish to engage in, which in turn will determine the parties involved in the activity and the legal forms permitted.
Our team will provide you and your partners with all the support they need during all the 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 company establishment procedures 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 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 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 government always guarantees to all investors the provision of unparalleled services and facilities in order to make Dubai the ideal destination for establishing businesses.
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In a few years, Dubai has succeeded in becoming a destination for entrepreneurs and start-ups not only in the region, but also in the world. It has become referred to as an incubator for establishing companies, as it has been able, through a strategy of unlimited government support, to transform innovative ideas into giant entities valued at billions of dollars, to become a fertile and fertile environment for emerging start-ups rising to the top, and inspiring talents, entrepreneurs and youth in the world.
Experts in establishing a company in Dubai confirmed that the UAE government’s support for start-ups has created an unprecedented awareness among Arab youth of the many opportunities it holds for their future and the possibility of repeating the wonderful success stories achieved by companies established in Dubai and in other regional markets.
Experts pointed out the importance of the role played by companies established in Dubai in combating unemployment, which in the region reaches 21% from a macroeconomic perspective, and the importance of entrepreneurship and establishing companies in Dubai in spreading education and knowledge to enhance the renaissance of the Arab world, noting that the UAE honored the best 100 companies selected during the World Economic Forum for the Middle East and North Africa.
This reflects the UAE’s commitment to supporting talents, entrepreneurs and establishing companies in Dubai as an engine of innovation, a supporter of economic diversification and foreign investment, and an important means of combating unemployment and achieving a better future for Arab and international youth. They pointed out that the companies established in Dubai that were recently honored by the UAE focused their activities on technologies, values and proximity to people, which will have a significant positive impact on the economy and the lives of people in the UAE and the world.
Ammar Al Malik, CEO of Dubai Internet City and Dubai Outsource City, said: The boom in business establishment in Dubai has made Arab generations realise that jobs are not the only option, and that entrepreneurship is a world without borders.
He added: “The UAE’s initiatives such as ‘One Million Arab Coders’, one of the Mohammed bin Rashid Al Maktoum Global Initiatives, which aims to spread education and knowledge to enhance the renaissance of the Arab world, have helped to enhance the concepts of entrepreneurship in Dubai, especially since we are living in our time with continuous waves of technologies that provide opportunities to drive innovation and create added value in various fields.
In keeping pace with these changes, we are working to provide the best services and support to our creative partners, entrepreneurs and founders of small, medium and international companies in Dubai.
“At Dubai Internet City, we are working to create an environment where technology entrepreneurs can work and exchange ideas. Establishing businesses in Dubai Internet City plays a very important role, as it welcomes entrepreneurs and company founders in Dubai and provides them with administrative support and training opportunities. It also hosts more than 200 events annually that enrich the business environment, which has made it attract entrepreneurs from all over the world working in various fields,” he added.
Regarding the role of entrepreneurs in helping their communities overcome challenges, Al Malik explained: “Here we can differentiate between two types of company establishment in Dubai: the first, although its primary goal is profit, while the second, whose primary goal is sustainable development and serving individuals and communities, and I believe that both types complement each other to advance communities and meet their needs.
Iyad Abu Huwaij, General Manager of United Partners Investment Company, confirmed that the increasing number of companies established in Dubai and the Arab world helps to combat unemployment and creates jobs for marginalized citizens, especially since the Arab world relies on small and medium-sized companies to create job opportunities.
“Government support plays a major role in creating a thriving startup ecosystem and culture. Through initiatives such as co-working spaces, incubators, accelerators, and access to finance, governments are attracting Dubai’s founders to their geographies. Access to finance is also key to the growth of Dubai’s startup ecosystem, with investors supporting startups through growth funding and trade finance at different stages of the startup’s lifecycle.”
He pointed out that private sector jobs, in turn, may not be sufficient or meet the aspirations of young people, which forces them to find their own way. For example, in the Emirates, it allows the establishment of a company in Dubai within only a few hours.
“From successful exits, the region is poised to witness further growth in the number of successful Dubai-based companies, inspiring more entrepreneurs to persevere, as well as pushing government entities, policymakers and investors alike to build more adaptive regulatory systems and frameworks.”
“For Dubai startup founders to reach their full potential, they need to be educated by companies looking to partner with startups or traditional investors, and the ease of doing business needs to be improved,” he explained.
He pointed out that most founders of companies in Dubai still face difficulty in expanding to other countries, and often have to reconfigure multiple aspects of their businesses to comply with new market regulations, which in turn hinders their growth. Deepak Jain, founder of Dubai-based startup Make My Meal, said that global investors are now looking at Dubai as a global incubator for startups, thanks to government support and legislative structure.
Costs of establishing a company in Dubai:
- Cost of a commercial license “Cost of a commercial license in the Dubai Free Zone” (license to practice business).
- 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).
- Costs related to office furniture and decoration.
- The cost of work permits and visas required for employees sponsored under your company name.
- 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.
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 through which you can 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.
Procedures for establishing a company in Dubai
- Choosing the appropriate company activity – which will determine the type of license required.
- Choosing a local partner for a limited liability company or a service agent for sole proprietorships.
- Issuing initial approval and choosing a trade name – the trade name must contain the activity.
- Preparing the articles of association or service agent contract and notarizing it by a notary public in Dubai.
- Obtain a lease after finding a suitable office space.
- Obtaining external approvals from relevant government agencies.
- Submit final documents to the Department of Economic Development and issue the commercial license.