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Steps and papers required to establish a company in Dubai

٢٠ يناير Steps and papers required to establish a company in Dubai

Establishing a company in Dubai is an important strategic step for many businessmen and investors, given the distinguished economic climate and promising business opportunities offered by this emirate. To achieve this goal, investors must know the basic steps and legal procedures required to establish their company. This includes choosing the type of company, determining the business activity, and collecting the necessary documents, such as the Emirates ID, trade license, and articles of association. In this article, we will review the basic steps and papers required to establish a company in Dubai , which will help you speed up the establishment process and achieve success in the UAE labor market.

Steps

Documents required to establish a company in Dubai

To establish a company in Dubai , there are a set of papers and documents required. These requirements vary slightly depending on the type of company and the desired business activity. Here is a list of the basic papers required:

  1. Specify the type of company: You must select the type of company (limited liability company, sole proprietorship, branch of a foreign company, etc.).
  2. Commercial Registration: Filling out the company registration application form.
  3. Copy of Passport: Colour copies of passports of all shareholders and directors.
  4. Personal Photo: A recent personal photo of shareholders and directors.
  5. Articles of Association: Preparing and signing the Articles of Association in accordance with the requirements of the Dubai Department of Economic Development.
  6. Commercial License: Obtain the appropriate commercial license for the required business activity.
  7. Proof of address: A lease or title deed for the office or premises where the company will be located.
  8. Approval Certificates: In some cases, you may need special certificates or approvals from the relevant government authorities, especially if the activity requires it.
  9. Health Insurance: Health insurance for founders and employees, if required.
  10. Proof of Identity: Copy of the Emirates ID of the founders or residents.
    Make sure to check the specific requirements for the type of company and activity you wish to establish, as some details may differ. It is also advisable to use a consulting firm such as “Atqan” to facilitate the incorporation process and ensure that all legal requirements are met.

Steps to establish a company in Dubai

Establishing a company in Dubai requires following specific steps to ensure compliance with local laws and regulations. Here are the steps to establish a company in Dubai:

  1. Determine the type of company: Decide what type of company you want to establish, whether it is a limited liability company, a branch of a foreign company, or a sole proprietorship.
  2. Choosing a Business Activity: Decide what business activity you will be doing, and make sure it complies with local laws and regulations.
  3. Choosing a company name: Choose a suitable name for your company, make sure it is not already used, and comply with the requirements for trade names in Dubai.
  4. Apply for a license: Apply for a business license from the Department of Economic Development (DED) in Dubai.
  5. Prepare the required documents: Gather the required documents, such as passports, articles of association, personal photos, and office lease contract.
  6. Company Registration: Register the company with the Department of Economic Development and obtain the commercial register.
  7. Open a bank account: Open a bank account in the company’s name to facilitate financial transactions.
  8. Licensing Insurance: Complete any additional licensing requirements, such as employee health insurance.
  9. Employee Registration: If you plan to hire employees, register them in the Ministry of Human Resources and Emiratisation system.
  10. Receive the license: After completing all procedures, obtain the final commercial license and ensure that you comply with all regulations.
  11. Starting your business: After obtaining your license, you can start your business.
    Be sure to review local laws and regulations periodically, and it may be useful to hire a consulting firm such as “Atqan” to help expedite the process and ensure compliance with all legal requirements.

Steps

Advantages of establishing a company in Dubai

Establishing a company in Dubai has a number of advantages that make it a preferred destination for many investors and businessmen. Here are some of the main advantages:

  1. Flexible Business Environment: Dubai offers a dynamic business environment that allows freedom of trade and investment, making it easy to set up companies.
  2. No corporate taxes : Dubai does not impose corporate income taxes in many free zones, which increases the attractiveness of investment.
  3. Access to wide markets: Dubai is an ideal starting point to access the markets of the Middle East, Asia and Africa, thanks to its strategic location.
  4. Advanced infrastructure: Dubai has a modern infrastructure that includes airports, ports and highways, which facilitates the movement of goods and people.
  5. Government Support: The UAE government provides significant support to investors, including legal and procedural facilities.
  6. Diversity of business activities: Investors can choose from a wide range of business activities, including trade, services, technology, and real estate.
  7. Freedom of foreign ownership: In many free zones, foreigners can own 100% of the company’s shares without the need for a local partner.
  8. Banking Facilities: Local banks provide advanced banking services, making it easy to open bank accounts and conduct financial transactions.
  9. Safety and political stability: The UAE in general and Dubai in particular enjoy political and economic stability, making it a safe destination for investment.
  10. Multinational Work Culture : Dubai’s diverse work culture creates a productive environment where investors and employees from different backgrounds come together.
    These features make Dubai one of the most prominent destinations for setting up businesses worldwide, and open up numerous opportunities for investors to achieve success and growth.

How long does it take to establish a company in Dubai?

Setting up a company in Dubai is a relatively quick and flexible process, but the length of time it takes depends on several factors, including the type of company and the chosen business activity. The time required to set up a company in Dubai is usually between 2 and 4 weeks, but it can be shorter or longer depending on a number of factors. First, you need to choose the right company type and business activity, which takes a day or two. Next, you need to choose a company name and submit it to the Department of Economic Development (DED) for approval, a step that can take between one and three days.

After getting the name approved, the legal documents such as the Articles of Association are prepared, which requires coordination between the partners and usually takes two days to a week. Once the documents are ready, the official application for the trade license is submitted, which can take two days to two weeks to process. If you are planning to set up a company in a free zone, the process can be faster due to the facilities provided. Finally, it also takes time to open a company bank account and register employees if there are any. So, if all the steps are done efficiently and all the requirements are met, the company can be set up in a short period of time.

Itqan Company Services in Establishing Companies in Dubai

Atqan offers a comprehensive range of specialized services in establishing companies in Dubai , making it an ideal partner for investors and businessmen looking to enter the UAE market. Atqan is distinguished by its deep understanding of the legal and commercial procedures in Dubai, providing professional consultations that contribute to accelerating and simplifying the establishment process. Atqan’s services also include helping to determine the appropriate type of company according to the client’s needs, whether it is a limited liability company, a branch of a foreign company, or a sole proprietorship. It also provides advice on choosing the business activity and company name, ensuring that it is in compliance with local laws.

Moreover, Atqan handles the preparation and processing of all required legal documents, such as the Articles of Association and official forms, reducing the administrative burden on clients. It also assists in applying for commercial licenses and opens bank accounts for the company, making it easier for investors to focus on other aspects of their business. Atqan is also a pioneer in providing ongoing support after the company is established, providing services such as employee registration, license renewal, and legal consultations, which contribute to the long-term success of the business. Through its integrated services, Atqan helps investors achieve their goals efficiently and effectively in the Dubai market.

In conclusion, setting up a company in Dubai is a golden opportunity for investors and businessmen looking for a developed and prosperous business environment. Thanks to the stable economic climate, the facilities provided by the government, and the absence of corporate taxes in many free zones, investors can invest their money and make huge profits. The simplified legal steps and procedures, along with the support provided by consulting companies such as “Atqan”, contribute to accelerating the incorporation process and ensuring compliance with all legal requirements. Choosing the right business activity and determining the type of company can open new horizons for growth and expansion. So, if you are thinking of starting your own project, Dubai is the ideal destination for it. With good planning and the help of experts, you can turn your ideas into reality and achieve success in the UAE labor market. With its diverse and thriving business environment, Dubai is a fertile ground for new projects, making investing in it a wise strategic choice.

Frequently asked questions about establishing a company in Dubai