If you are looking for an opportunity to open a company in Dubai, you are on the right path to achieving your entrepreneurial dreams. Dubai is considered one of the most important commercial cities in the world, providing an ideal environment for business and investments. In this article, we will take an overview of how to open a company in Dubai in cooperation with Itqan Company, focusing on the basic steps and procedures required to achieve this goal.

To open a company in Dubai, the process requires a little planning and organization, which can be quite stressful. But in cooperation with Itqan Company, you can benefit from the necessary support and guidance to make this process easier and easier. Itqan Company offers extensive experience in the field of establishing companies in Dubai, and provides specialized services that ensure the success and prosperity of your business in the city.

Steps to open a company in Dubai include determining the appropriate type of company, choosing the company name and ensuring its availability, preparing the required documents, in addition to obtaining the necessary licenses from the relevant government agencies. By choosing to cooperate with Itqan Company, you will be in the hands of professional experts who will help you overcome all the obstacles and challenges that you may face in this process.

How to open a company in Dubai

Here are general steps to open a company in Dubai:

1. Planning and Research: Conduct a feasibility study to understand the market, identify available opportunities, determine the type of company you want to establish, and target the appropriate industry.
2. Choosing the legal type of company: Determine the appropriate legal structure for your company, such as a limited liability company, sole proprietorship, or cooperative company.
3. Choosing a business name: Select a business name that is unique and appropriate for your company, and make sure it complies with local laws and regulations. You must ensure that the name is available and registered with the relevant government agency.
4. Organizing partners and shareholders: Identify shareholders and their shares in the company and organize contracts and agreements related to them.
5. Company incorporation: Register your company with the appropriate Department of Economic Development in Dubai or other relevant authority, and submit the required documents such as the registration form, contracts and necessary certificates.
6. Obtaining licenses: You may need to obtain additional licenses depending on the company’s activity, such as a research and development license or technology license. This may require submitting additional documentation and adhering to specific legal requirements.
7. Work Visas: Arrange the necessary procedures to obtain work visas for the employees and managers you will be working with. You must submit the required documents and adhere to the laws related to the employment of foreign workers.
8. Tax Obligations: Ensure compliance with local tax obligations, determine required company taxes and submit required financial reports.
9. Head Office and Location: Locate your company’s head office in Dubai and go through the necessary contract procedures to obtain the required office space.
10. Legal Compliance and Regulations: Ensure compliance with all local legal regulations and requirements related to opening a company in Dubai. Here are general steps that can be followed:
11. Planning and Research: Conduct a feasibility study to understand the local market, identify available opportunities, and determine the type of company you want to establish.

Expected costs of opening a company in Dubai

Opening a company in Dubai involves different costs that depend on several factors, including the type of company, the economic sector in which it operates, the location of the company and the support services it may need. Here is a list of expected costs that may be involved in opening a company in Dubai:

• License fees: Includes costs for a company license, business permits, and business license. These fees may vary based on the type of company and economic sector.
• Legal consultation fees: You may need to consult a lawyer or legal advisor to help prepare the necessary legal documents and contracts for the company. The cost of these services is determined based on the time and skills required.
• Property costs: If you intend to rent an office or commercial space in Dubai, you will need to pay monthly or annual rent, and costs vary based on the location and size of the property.
• Real estate registration fees: Real estate registration fees are paid for issuing the lease contract and registering the company in its geographical location.
• Necessary capital: Opening some types of companies in Dubai may require specific capital. The amount required is determined based on the type of company and legal arrangements.
• Visa and accommodation fees: If you intend to employ foreign employees, you will need to pay visa and residency fees for them, and these fees vary depending on nationality, profession, and length of stay.
• Labor costs: These include the costs of wages and salaries for employees and other human resources, and vary according to the size of the company and the economic sector.
• Marketing and advertising costs: You may need to allocate a budget for marketing and advertising to promote your company and attract potential customers and clients.

The different types of businesses I can open in Dubai

In Dubai, you can open several types of businesses according to your business needs and goals. Here are some of the main types of businesses you can open in Dubai:

1. Limited Company (LLC): A limited company is one of the most common types of companies in Dubai. This company has limited rights and responsibilities of shareholders and usually requires financial contribution from all shareholders.
2. Joint Stock Company (PJSC): It is a type of company that can be public or private. Public companies have the right to raise money from the public through public issuance of shares.
3. Sole Proprietorship: This company is considered one of the simplest types, where the owner and the company are the same person. However, the owner is personally liable for all debts and obligations.
4. Free Zone Company: Free zones in Dubai offer a flexible regulatory environment and multiple benefits for local and international companies, making them a popular choice for SMEs.
5. Foreign Company: Foreign companies can establish their branches or subsidiaries in Dubai. These companies are subject to special regulation based on local laws and conditions set by local authorities.

Necessary licenses to open your company in Dubai

To open a company in Dubai , you will need several necessary licenses and approvals from the relevant authorities. Here is a list of some of the main licenses you may need:

1. Commercial activity license: An official license must be obtained from the Department of Economic Development or the authority responsible for regulating commercial activities in Dubai, which is appropriate for the company’s activity.
2. Building permit and urban planning: If the company’s headquarters requires a new building permit or if the existing building must be modified.
3. Safety and Environment License: You may need a license from Dubai Civil Defense or the Environment Agency, depending on the type of activity and location.
4. Health and nutrition license: If the company works in the health or food field, it may need special approvals from the relevant health authorities.
5. Labor Licensing and Immigration: Employees must be registered with the Emirates Immigration and Labor Authority and obtain appropriate work permits.
6. E-commerce license: If the company plans to e-commerce, it may need a special license for this.
7. Advertising and Marketing License: If you intend to use advertising or marketing for your company.
8. Environment License: There can be an environment license if the company’s activities affect the environment.
9. Tourism and Travel License: If the company works in the field of tourism and travel.

The most important documents for opening a company in Dubai

The most important documents you will need to open a company in Dubai:

1. License application form: The form must be filled out with the required company information and submitted to the competent authorities.
2. Copy of passport: of the owner or general manager of the company.
3. Letter to the Department of Economic Development: containing the owner’s personal details and company details.
4. Non-employment certificate: If the owner or manager is not a UAE citizen.
5. Building approval certificate: If the company’s headquarters is in a commercial building.
6. Lease contract or property license: to confirm the location of the company.
7. Authorization of the legal person: If there is a legal director representing the company.
8. Memorandum of Association: A document that defines the objectives and scope of the company’s business.
9. Educational certificates and experience: If there are requirements for the specific profession.
10. Certificate of good reputation: from previous companies if you work in certain fields such as financial services.
11. Personal photos: for shareholders and general managers.
12. Certified letters from banks: to confirm capital.
13. Health insurance: for employees.

Guidelines for opening a company in Dubai

• Research and planning: Study the local market, determine the type of company you want to open, and develop a detailed business plan that includes financial and marketing goals and strategies.
• Choosing the appropriate type of company: Choose the appropriate type of company according to the needs and objectives of your business, such as a limited company, a one-person company, or a company in a free zone.
• Obtaining the necessary licenses: Make sure to obtain all necessary licenses from the relevant authorities, such as a business license and building permits if needed.
• Geolocation: Choose a suitable location for the company headquarters, taking into account accessibility, infrastructure and rental cost.
• Securing capital: Ensure there is sufficient capital to operate the company and implement growth plans.
• Recruiting the right workforce: Hire qualified and experienced employees to support the company’s activities.
• Legal registration: Register the company with the Department of Economic Development or other relevant authority and respect all legal procedures.
• Specialized Consultation: Consult legal advisors or business lawyers to help understand and properly implement all legal and administrative procedures.
• Compliance with taxes and government regulations: Ensure compliance with all local and federal taxes and government regulations related to your company’s activity.
• Preparing operational and marketing plans: Prepare detailed operational and marketing business plans to ensure the success of your company in the local market.

In conclusion, how to open a company in Dubai in cooperation with Itqan Company is a decisive step towards building a bright future in the business world. Dubai is characterized by a distinguished investment environment and easy company establishment procedures, and through Itqan Company, you can benefit from experience and specialization in the field of company establishment in the emirate.

Starting from strategic planning consultations to company registration procedures and obtaining the necessary licenses, Itqan Company provides support and guidance in every step of opening a company in Dubai. The company ensures compliance with local laws and regulations, and provides customized solutions that meet your individual needs and market aspirations.

By choosing to cooperate with Itqan Company to open your company in Dubai, you guarantee yourself a successful start and a prosperous future in the modern and dynamic Emirate of Dubai. Do not hesitate to start now and take advantage of the vast opportunities that Dubai offers you as a leading investment destination in the world.

The most important frequently asked questions about how to open a company in Dubai