Itqan provides you with all the requirements to establish your company in Dubai. Your residence and commercial registration in Dubai in only three steps
It is no secret to any of us that the UAE is a prominent investment destination for anyone who wants to invest in the Arab region and the Middle East in general. Among the seven emirates, Dubai has the largest share of interest from tourists and investors due to its strategic location. And due to the richness of the investment market and its rapid development, In addition to providing many, many advantages and facilities to investors and business owners.”
The company in Dubai is a legal entity registered with the Department of Economic Development in Dubai. It is governed by the UAE Commercial Companies Law (Federal Law No. 2 of 2015).
It offers the investor many advantages. If you want to set up a company in Dubai, Whatever its size, whether it is a large company, a small company, Or medium, you need to do many procedures and steps ..
Itqan helps you find all the information you need to start your own business in Dubai
such as the necessary procedures for establishing a project in Dubai, Investment opportunities in Dubai and many other details…
Let’s move on to the details…
Steps to establish a company in Dubai
The UAE government offers many, many privileges and facilities to help investors when establishing an investment activity on its lands, but there are some steps that must be followed carefully to start your project correctly.
These procedures are divided into several stages, and companies are divided according to their commercial activity into 3 types:
Commercial – professional – industrial
Determining the company’s activity, in turn, helps to identify several things. The most important of which is the type of company, its legal form, and the parties from which approval must be obtained. The following are the legal forms of companies and the activities that are permitted to be practiced in the UAE:
You must determine the legal form of your company in order to determine its type in order to register your commercial activity with the concerned authorities such as the Economic Development Authority
Companies are divided according to their legal form into five types:
– A limited liability company
– Solidarity Company
Public shareholding company
Civil Works Company
– A private joint stock company – Initial approval
You can obtain the initial approval after completing the first steps in the process of establishing a company in Dubai to help you follow up to obtain the approval of all the authorities related to the activity when necessary, However, foreign investors must obtain the approval of the General Directorate of Residency and Foreigners Affairs before obtaining the initial approval.
There are several other things to consider when choosing a location:
The new license owner or local partner must be the same owner or partner in the existing license on the site
The total number of licenses owned by a citizen should not exceed 10 licenses subject to the system of multiple licenses on the same site.
The area of the company’s site should not be less than 200 square feet
The various activities of the company require approvals from the authorities concerned with the company’s activity. which you can inquire about at the Department of Economic Development, including:
The Ministry of Economy for insurance activities
The Ministry of the Interior for transportation-related works
The Ministry of Justice for the activities concerned with providing legal advice
Civil Defense for the activity of selling firefighting equipment
The company’s trade name plays a key role in determining the type of license granted to it. When choosing a trade name, there are several criteria and conditions that must be adhered to. The most important of them:.
To register membership in the Chamber of Commerce, the following requirements must be submitted:
A copy of the license issued by the competent authority in the Emirate of Dubai.
authorized signatures in the delegated signatures card, Provided that the cards of the signatories are obtained from any of the branches of the Dubai Chamber, With passport photos of all authorized signatories. (Delegation is accepted after the conclusion of a notarized agreement or power of attorney). A copy of the memorandum of association (foundation agreement), This applies to limited liability companies and branches of foreign companies.
Submit a copy of the incorporation certificate (this applies to companies operating in the free zone) Pay the fees (if not paid along with the license issuance fees (Department of Economic Development).
Submit a copy of the incorporation certificate (this applies to companies operating in the free zone) Pay the fees (if not paid along with the license issuance fees (Department of Economic Development).
Now that you have joined as a member of the Dubai Chamber of Commerce, you can launch your project and start practicing your commercial activity.
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If you encounter any difficulties at any stage of establishing your company, or have any legal or commercial inquiries, do not hesitate to contact us, as we are ready to provide advice at any time.