Establishing a company in Dubai, establishing a company in Dubai is an important strategic step for individuals and companies wishing to benefit from the business and financial opportunities offered by this global city. Thanks to its unique geographical location and advanced infrastructure, Dubai has become a preferred destination for investors from all over the world. Dubai provides a thriving business environment that contributes to the success and economic growth of companies, making it the ideal choice for launching new projects. However, establishing a company in Dubai requires commitment to a number of legal and administrative procedures to ensure that business objectives are effectively achieved.

Cooperating with Itqan in this process increases the chances of success and contributes to simplifying the complex procedures that investors may face. With its extensive experience in the field of company formation, Itqan provides comprehensive and professional support to ensure that the formation process runs smoothly. By providing specialized advice, providing guidance on choosing the most appropriate among the available options, and assisting in completing legal documents and procedures, Itqan contributes to facilitating every step of the formation process.

Collaboration with Itqan usually begins with identifying the type of company and its business activity, followed by choosing the appropriate type of licenses, and then preparing and arranging the required documents. Itqan then takes over submitting applications to the relevant authorities and handling all necessary administrative procedures, saving investors time and effort. This collaboration also ensures that all local and international legal requirements are accurately met, which enhances the new company’s chances of success in the market.

By working with Itqan, investors can focus on their business strategies and project development while Itqan ensures that all legal and procedural aspects are implemented efficiently and professionally, contributing to success and excellence in Dubai’s dynamic business environment.

Company formation in Dubai

Types of companies that can be established in Dubai

Establishing a company in Dubai offers investors a variety of options that suit different business goals and investment strategies. Dubai is one of the world’s leading business destinations, offering a flexible business environment and incentives to attract investment. Investors can choose the most appropriate type of company based on the nature of their business and needs, as Dubai offers several types of companies that can be established, each with specific benefits and legal requirements. Below, we will review the main types of companies that can be established in Dubai:

• Limited Liability Company (LLC):

A limited liability company is one of the most common types of companies in Dubai. It is characterised by the fact that the financial liability of its shareholders is limited to the amount of their capital contributions, which limits individual financial risk. Incorporating an LLC requires a local partner to own 51% of the company’s shares, while foreigners can own 49% of the shares.

• Public Joint Stock Company:

A company that is allowed to offer its shares for public trading on the financial market. These companies require a minimum amount of capital and adhere to a set of strict standards in financial reporting and disclosure.

• Private Joint Stock Company:

Similar to a public joint stock company but not publicly traded. Requires a minimum capital and ownership of shares may be limited to a specific group of individuals or entities.

• Sole Proprietorship:

It is a type of company that is owned by one person who is responsible for all aspects of management and finances. This type of company is suitable for individuals who want to start a small, independent business.

• Holding Company:

Holding companies are legal entities that own shares in other companies. This type of company is used to manage investments and achieve financial efficiency.

• Offshore company:

Offshore companies are established in free zones and enjoy tax and customs benefits, and allow foreigners to own the company 100% without the need for a local partner. These companies are mainly used for international business purposes and asset management.

• Company in free zones:

Dubai offers several specialized free zones that provide a business-friendly environment for foreign investors. Companies established in these zones enjoy benefits such as tax exemptions, 100% foreign ownership, and ease of incorporation procedures.

Each of these types of companies comes with different legal and financial advantages and considerations, so it is essential for investors to choose the type that best suits their business goals and investment strategies.

Documents required to establish a company in Dubai

Documents required to establish a company in Dubai

Establishing a company in Dubai requires the preparation of a set of basic documents that ensure that all legal and administrative requirements are met. Dubai, thanks to its advanced business environment and encouraging investment climate, attracts many investors from all over the world. To ensure the success of the establishment process, it is essential to submit the required documents accurately. Below is a list of the basic documents you need to establish a company in Dubai :

• Passports of the founders and directors: Clear, coloured copies of the passports of the founders and directors must be submitted, ensuring that they are valid.
• Headshots of founders and directors: You need to provide recent headshots of founders and directors, usually with a white background and specific dimensions.
• Proof of Address: A document proving the current residential address of the founders and directors is required. This can be a proof of residence such as a utility bill or a lease.
• Business Plan: Prepare a detailed business plan that includes information about the business, target market, growth strategies, and competitive analysis. This plan helps provide a clear vision of the business.
• Lease Contract: A lease contract for an office or office space in Dubai must be submitted. This contract is evidence of the physical presence of the company.
• Company Legal Documents: These documents include the company’s articles of association, partnership contracts (if applicable), and a certificate of incorporation. These documents reflect the legal and administrative structure of the company.
• Qualification Certificates: For some businesses, educational or professional qualification certificates may be required for founders and directors.
• Signing the application form: Signing the required forms for registration and licensing by the founders and directors. This requires submitting the forms to the relevant authorities such as the Department of Economic Development or the competent authority in the free zone.
• Copy of Visas and Residencies: If the founders or directors are residents of Dubai, copies of their residencies may be required.
• Business Activity Report: Submit a report that explains the nature of the business and the planned areas of work, which helps in determining the appropriate type of license.

Providing these documents accurately helps speed up the incorporation process and ensures that the company complies with all legal and administrative requirements. Cooperating with a specialized consulting firm such as Itqan can also help facilitate these procedures and ensure that all required documents are submitted correctly.

Our company’s role in establishing companies in Dubai

In conclusion, when it comes to establishing companies in Dubai , it is clear that success in this field requires careful coordination and strict adherence to legal and administrative procedures. Dubai, with its modern infrastructure, competitive business environment, and advanced legislation, offers investors tremendous investment opportunities but also challenges that require strategic planning. By cooperating with Itqan, these challenges can be effectively overcome and the desired business goals can be achieved.

With its deep experience and extensive understanding of the business environment in Dubai, Itqan provides comprehensive support to investors throughout all stages of company formation. From selecting the most appropriate company type and required licenses to preparing documents and submitting applications to the relevant authorities, Itqan helps speed up and simplify the procedures, saving investors time and effort. Moreover, it ensures that all legal requirements are in line with local and international regulations, thus protecting investors from legal or procedural problems.

Collaborating with Itqan is not limited to providing advice and guidance, but extends to managing all the fine details related to the establishment process, allowing investors to focus on developing their business strategies and achieving their future visions. Thanks to this cooperation, it becomes possible to achieve a successful company establishment that contributes to investing in the opportunities available in Dubai, which enhances the opportunities for growth and expansion in global markets.

Ultimately, Itqan provides an integrated framework to support investors and achieve their business goals effectively and efficiently, enhancing the chances of success in one of the most dynamic and advanced business environments in the world.

Frequently Asked Questions About Starting a Business in Dubai