The conditions for establishing a company in Dubai require compliance with several regulatory conditions and procedures aimed at ensuring that the business runs efficiently and effectively, and ensuring that operations are compatible with local laws and regulations. Itqan Company provides consulting services that help companies understand and meet these conditions correctly and effectively.

One of the basic conditions for setting up a company in Dubai is choosing the appropriate type of company, whether it is a sole proprietorship, joint stock company or partnership. The company must also meet the required capital requirements and submit the necessary documentation for registration, as well as provide a valid local address and choose an appropriate, non-duplicate name for the company.

Furthermore, the company must comply with tax regulations and labor laws and employ a certain percentage of local labor, depending on the type of company and the activity it offers. It is also important to obtain licenses and approvals specific to the activity the company wishes to engage in, such as building, health or environmental permits, as needed.

Here are the main conditions for setting up a company in Dubai:

1- Choose the type of company:

• Limited Liability Company (LLC)
• Public Joint Stock Company (PLC)
• Branch of a foreign company
• Single partner company

2- Choosing the company’s trade name:

• The name must be unique and comply with the laws and regulations of Dubai
• The name may need to be approved by regulators

3- Determine the minimum capital required:

• The minimum capital varies depending on the type of company, and can be from 0 dirhams to 10 million dirhams

Other conditions for establishing a company in Dubai

1- Preparing the company’s bylaws:

• The company’s articles of association must be prepared in accordance with applicable laws and regulations

2- Obtaining the required licenses:

• Obtaining a commercial license from the Department of Economic Development in Dubai
• Obtaining any other licenses depending on the nature of the company’s activity

3- Appointment of a general manager and partners’ shares:

• Appointing a general manager of the company
• Determine the partners’ shares in the capital

4- Opening a bank account for the company:

• Open a bank account in the name of the company in one of the approved banks in the Emirates

In the end, all legal and regulatory procedures necessary to register and establish the company must be completed. These are the main steps for establishing a company in Dubai. However, requirements may vary depending on the type of company, sector and geographical location. Therefore, it is important to contact us to handle this process smoothly.

Differences between the types of companies available in Dubai

There are several types of companies available in Dubai, and they vary based on the structure and requirements of each type. Here are some of the key differences between some of the common types of businesses in Dubai:

Local Company:

• The company’s major shareholders must be UAE nationals.
• Requires a license from the Business Regulatory Authority (DED) in Dubai.
• A local company can carry out business activities in Dubai and within the Emirates.

Free Zone Company:

• It is located in designated free zones in Dubai such as Jebel Ali, Jebel Akhdar, Dubai Technology and Media Zone (DTEC), and others.
• It allows foreigners to own and control 100% of the capital and profits.
• It enjoys privileges such as tax and customs exemptions and ease of establishment and operation.

Foreign Company:

• It allows foreign companies to open branches or representations in Dubai.
• You need a license from the Department of Economic Development (DED) in Dubai.
• A foreign company can conduct business activities in Dubai and deal with local and foreign customers.

Joint Venture:

• It was formed in cooperation between local and foreign investors.
• Enjoy mutual benefits and share in the costs and profits of the company.

Holding Company:

• Used to own and manage ownership stakes in other companies.
• Enables investors to diversify their investments and benefit from financial returns and benefits.
• Remember that this information provides an overview of the differences between company types in Dubai, and there may be more complex details and additional requirements for each type.
• It is recommended to consult with a competent legal or financial advisor before deciding to open a company in Dubai to obtain tailored and accurate advice.

Documents required to submit an application to establish a company in Dubai

To apply to set up a company in Dubai , there are usually basic documents you need to submit. Please note that requirements may vary based on the type of company (local company or free enterprise) and applicable local laws. The following is a general list of required documents:

• Registration application form: You may need to fill out the registration application form of the relevant authority, such as the Business Regulatory Authority (DED) or the Free Zone Authority.
• Passport photographs: Color copies of passports must be provided to all shareholders and directors concerned. Personal photos may also be required.
• Personal photographs: Personal photographs may be required for shareholders and directors.
• Educational and professional certificates: You may need to provide copies of educational and professional certificates for directors and shareholders.
• Contracts and legal documents: The necessary legal documents for the company must be submitted, such as corporate contracts, partnership contracts (if there are any) and the company’s articles of association.
• National Address: You may need to provide the national address of shareholders and directors.
• Bank statements: You may need to provide bank statements for shareholders and directors, and this may require bank clearances.
• Business Plan: A detailed business plan must be submitted explaining the proposed company’s activities and future plans

Exact requirements may vary based on company type and local laws. It is highly recommended to check the current requirements of the relevant authority or regulatory body in Dubai before submitting an application.

In conclusion of this article, we find that the conditions for setting up a company in Dubai form a vital part of the business process in the UAE. By working in cooperation with Itqan, investors and new companies can navigate these conditions smoothly and effectively, as the company provides the support and guidance necessary to comply with local laws and regulations.

It is essential for investors to be aware of the specific conditions for setting up companies in Dubai, and to ensure that their business activities comply with government regulations. In cooperation with Itqan, legal problems can be avoided and the business can be successfully started.

Itqan Company provides comprehensive services that include legal, administrative and financial consultations to ensure that the process of establishing a company in Dubai is carried out efficiently in accordance with legal standards. Thanks to this cooperation, investors can benefit from the thriving economic environment in Dubai and build a successful and thriving business in the region.

Frequently asked questions about the conditions for establishing a company in Dubai: