Open a company in Dubai

Open a company in Dubai- The UAE is distinguished by its facilitation of conditions and procedures for establishing companies for investors from around the world, as It helps them provide all the factors and components that help the projects succeed and achieve the greatest possible profits.

In order to be able to establish and open a new company, you must know all the conditions for opening a company in Dubai and the necessary requirements in order to be able to obtain the best possible results,

 

Open a company in Dubai

 

Conditions for opening a company in Dubai

The types of companies that investors want to establish vary, due to the diversity of investments in the UAE, but most types agree on some conditions, the most important of which is opening a company in Dubai< a i=2>:

  • Determine the type of activity you want to work in, do a good feasibility study for this project, and make sure to plan it well before starting it.
  • In addition to the importance of searching a lot until you find a strategic location for the company, this is the location where the company will be established, meaning it is considered the main business headquarters.
  • One of the most important conditions for opening a company in Dubai and the requirements that must be met is to select a work team with long experience and high skill in dealing with customers, because it will be the main interface for the company.
  • You must also be careful to complete all the required procedures, papers and documents related to establishing and opening a new company in Dubai .
  • A commercial license, i.e. a license to practice work, must be obtained. This license is obtained through the competent authorities and bodies.
  • Many alternative and different plans and ideas must also be developed, so that they can be used in the event of any problem at work.
  • Make sure to consult experts and specialists in commercial projects, because they have many years of experience and knowledge and know the extent of the success of your project or company.

 

Conditions for establishing a company in the Dubai Free Zone

One of the most important conditionsfor establishing a company in the free zone:

  • The concerned party must submit all required documents and papers to the relevant district administration.
  • The most important documents and papers required are: a custom declaration for imports of goods prepared by the General Authority for Investment. Invoices and a statement of packaging must also be provided.
  • Bring an original of the declaration stating that the company operates under the free zone system and that all goods received are of the necessary types and licensed for commercial activity.
  • Customs dispatch must be requested and all customs procedures must be completed according to the customs transit certificate.
  • The type of activity must also be determined, the parties associated with this company must be identified, and its legal form must be determined.
  • It should be noted that the legal form of companies that are established in the free zone within the United Arab Emirates has two different types: a free zone corporation, or a free zone company with limited liability.
  • Care must also be taken to choose a trade name for the new company, when the type of legal entity of the company is determined.

Conditions for opening a limited liability company in Dubai

The advantage of establishing a limited liability company is that it does not require long experience in the world of trade to be able to create and establish it. Therefore, here are the most important conditions for opening a limited liability company in the Emirates to ensure the success of your company:

  • The power of attorney document is an official document presented to another person in the event that this person is delegated to manage the company instead of the real owner. Therefore, we can say that it is considered an official authorization from the company director.
  • Proof of the identity of the person applying to open a limited liability company, which is the national ID.
  • If the person who will open the LLC is a minor, he must bring an exact copy of his birth certificate.
  • In addition to the importance of confirming the appointment, this appointment is an official document that benefits and obligates the real owner of the company to appoint a responsible director. Care must also be taken to appoint a group of expert and specialized accountants.
  • One of the most important steps in opening a company is to submit a Cabinet permit. This permit is obtained when the company deals with many modern and advanced technologies and means such as satellites.
  • You must also learn about all the different security inquiries. It is a service offered by companies that deal with a very large number of foreign clients.

Conditions for opening a contracting company in Dubai

The UAE is known for its distinguished progress in the field of contracting, and because it is one of the most profitable projects in recent years, but in order to be able to open a contracting company, you must first become familiar with the conditions for opening a contracting company:

  • First, the investor must be careful to choose a unique trade name for his company, and this name must be registered with the competent authorities and bodies.
  • One of the most important conditions for opening a company in the Emirates is to choose a strategic business location dedicated to the contracting company and different from other companies.
  • Care must be taken to register the appropriate commercial license for the company, in order to be able to begin practicing work in the field of contracting within the Emirates legally and correctly.

There are also a group of important approvals that must be obtained in order to open a contracting company in the Emirates. Once you implement all the steps to open a company, you will be able to obtain the required results. The most important of these approvals are:

  1. Approval by the Water and Electricity Authority.
  2. In addition to the approval of the UAE Building Department.
  3. Approval must be obtained from the Civil Defense Authority.
  4. Approval must also be obtained from the Department of Sanitation and Irrigation.

Conditions for opening a shipping company in Dubai

Perhaps one of the most important factors and components that make many investors accept to open a shipping company in Dubai is that it provides many advantages and helps achieve profits in a quick and noticeable way, but there are requirements and conditions for opening a shipping company in Dubai, the most important of which are:

  • A strategic location must be obtained in order to be the company’s headquarters. This location could be a house with a suitable size in a vital area or a huge building with many floors.
  • In addition to the importance of providing all the required papers and documents and obtaining a commercial registry license from the competent authorities.
  • One of the most important conditions for opening a new contracting company is to provide a large capital in order to be able to purchase all the necessary requirements and needs, such as transportation vehicles.
  • A tax card for the new company must also be provided, and a postal license must be provided. You can seek the help of a chartered accountant who specializes in implementing and clearing all these papers and documents.
  • One of the conditions that must be met before starting to open a new contracting company is that it must have credibility and transparency in dealing with clients, and be careful to provide all means of security and protection for clients’ property and money.
  • You must also be careful to leave a large amount allocated to do a lot of advertising for the new company. This step is considered one of the most important steps in opening a company.

Conditions for opening a sole proprietorship company in Dubai

Before we learn about the conditions for opening a sole proprietorship in Dubai We must know the meaning of a sole proprietorship or one-person company in UAE law.

The basic idea of ​​the individual company is that the creditor’s money, whether it is money or real estate, is the primary factor in ensuring the fulfillment of this person’s debts. In order for the person to be able to determine all his responsibilities, he must enter into a contract for one of the companies with specific responsibilities.

The most important conditions for opening a sole proprietorship are:

  • Obtaining the company’s initial approval.
  • Providing all the required papers and documents, which are: an original copy of the passport, which must be valid for a period of no less than 6 months.
  • In addition to the importance of providing an authorization letter and authorization card, an information form designated for the new company must be provided, and a signature form must also be provided.
  • One of the most important conditions for opening a company in the Emirates is to provide a certified commercial agency obtained by the Emirati embassy.
  • You must obtain the signature of the services contract, the signature of the company’s articles of incorporation, in addition to the signing of the articles of incorporation.
  • Make sure to fill out the declaration form, obtain the residence permit, and provide three photographs.
  • The most important conditions that must be implemented are that the residence visa application be signed, a letter of commitment be signed, and a letter of acknowledgment be signed.

 

Opening a company in Dubai for foreigners

For foreigners, it is considered one of the best means to help earn more money.

There are many steps Opening a company in Dubai for foreigners . You can learn about the most important of these steps through the following lines:

  • Determine the quality of the project or investment

The type of activity must be determined, whether commercial, professional, or industrial, in order to be able to identify the type of license you need, whether it is a professional, commercial, or industrial license. There are also many activities that need more approvals and declarations from government agencies, such as trade. In jewelry or food items and commodities.

  • Determine company ownership

One of the most important steps in opening a company in Dubai that must be carefully paid attention to is that the foreign investor who wants to open and own a company 100% should be careful to establish it in the free zone in the Emirates, because this is the only zone that allows foreigners to own companies and institutions without the need for asylum. To a partner or sponsor from the Emirates.

  • Legal structure of the company

The legal structure of the company depends mainly on the location and type of work it does, as there are many rules related to the formation of companies. Therefore, if you want to create a new company, you can open a subsidiary or a stand-alone company, and one owner cannot practice this activity.

  • Choose a trade name

Choosing a trade name is considered one of the most important conditions for opening a company in the Emirates, because it is an integral part of the legal procedures, as this name must indicate the nature of the company’s work and all the factors that distinguish it from other companies.

  • Determine the capital share

In many cases, with some different activities, the company’s minimum capital must be determined. This is considered one of the conditions for opening a company in the Emirates.

  • Choosing a strategic location for the company

We come to the sixth and most important step, which is to search for a suitable place for the possibility of opening and establishing the company. This place must be available in all the necessary services and needs such as the Internet, water, and electricity, and all means of transportation must pass through it, and it must be located in an area full of residents.

  • Choosing the company’s work team

The last step among the steps of opening a company in Dubai is to select a complete, integrated work team for the company. A dedicated manager must be appointed to supervise the work and he must begin as soon as the company is registered in order to obtain the best possible results.

In addition to the importance of providing all requirements and conditions for opening a company in the Emirates, and that all required papers and documents are brought accurately and correctly.

Some business owners may overlook the importance of opening a bank account, and some may also be exposed to fraud that puts their companies at risk, so you can cooperate with a specialized company or follow the following steps.

 

Steps to open a corporate bank account:

Opening a bank account for your company is considered one of the safest measures to protect the company’s accounts and monitor them continuously.

 

The most important steps for opening a corporate bank account are:

  • Providing all the documents required to open the bank account:

It is worth noting that UAE banks always need to review some of the original papers and documents of the company for which you want to open a bank account. These documents can vary from one bank to another.

But in general, it consists of: the company’s incorporation certificate, in addition to the company’s incorporation memorandum, the stock certificate, a good reputation certificate and the shareholder’s resolution must also be provided, copies of the passport of all shareholders, and all personal banking data.

 

  • Requirements necessary to open a company bank account:

If the institutional shareholder of the company for which a bank account is to be opened is not registered in the UAE, many of the papers and documents mentioned in the previous paragraph may not be available. In this case, the bank will decide what papers are required instead.

 

  • You must specify the type of bank:

The banking system in the UAE offers a wide range of options in terms of banking agencies. Among the most important of these banking options is the possibility of opening a traditional account or an Islamic account.

It must be known that conventional banks make their profits from loans, while Islamic banks make profits by relying on the principle of sharing profits and losses, so you must choose the system that is appropriate for you and do not forget to learn about the conditions for opening a company in the Emirates.

 

Documents required to open a company in Dubai:

All companies agree on a set of documents and papers required to open a company, whatever type of company you want to establish, here are these documents:

  1. The initial approval receipt and all submitted documents and papers must be obtained in advance.
  2. In addition to the importance of obtaining an original copy of the certificate authenticating the lease contract for the company’s main headquarters.
  3. Approval by government agencies and various bodies. This approval is for the activity of the new company.
  4. Also, a contract for appointing an agent for the services provided by the company, or the contract for the company’s agent, must be provided and it must be duly certified.
  5. Make sure to pay all required fees and costs over a specific period of days, usually not more than thirty days.
  6. After completing the steps to open a new company in the Emirates, you can obtain the commercial license for this company through the service provision centers affiliated with the economic departments or by using the electronic services platform.
  7. It should be noted that the required papers and documents are considered one of the most important conditions for opening a company in Dubai.

×

WhatsApp Chat

 

×