Establishing companies in Dubai

In this article we discuss how to establish companies in Dubai and pictures of the UAE government’s support for startups in Dubai by providing various business incubators and a lot of information. Important.

 

Establishing companies in Dubai

Establishing startups in Dubai

The UAE government provided business incubators to help establishing companies in Dubai, where the 2071 Zone was established, which includes advanced work spaces to support emerging companies and young investors, where District 2071 includes all the factors that help create innovative ideas and design out-of-the-box practices in many sectors such as aviation, education, health, energy, entrepreneurship and technology.
One of the important advantages that District 2071 provides to support the establishment of companies in Dubai is the provision of licenses. Commercial businesses are at lower costs than in other areas. The investor can register in Area 2071 by obtaining the accreditation of the company owner through the Dubai Future Foundation, which is responsible for supervising Area 2071.A study was conducted through the Mohammed bin Rashid reports that 50% of companies in Dubai are startups and that they host about half of the workforce in Dubai, which indicates the amount of support that the UAE government directs to establishing companies in Dubai.

Incubators for establishing startups in Dubai

The city of Dubai includes a huge amount of startup companies, which has led to the need for business incubators to finance and guide the owners of startup companies to compete among international companies with the best investment steps.Business incubators are considered an essential part of the economic strategy. In 2019, one of the most important business incubators was launched in Dubai: Business incubators in Dubai Under the supervision of the Mohammed bin Rashid Establishment for Small and Medium Enterprises Development, the “Bidayat” business incubator aims to:

  • Developing small and advanced enterprises.
  • Providing training courses for young people and providing real opportunities to meet experts and major businessmen.
  • Providing the latest services and facilities available to investors and young entrepreneurs to test their products and services before launching them in the markets.

 

N5 Business Incubator
N5 Business Incubator was launched through the “Tecom” company, and the word “N5” means the five stages of investment: strategy presentation, validation, presentation, incubation, and finally attraction. N5 Incubator aims to:

  • Supporting the establishment of startups in Dubai by establishing commercial projects, providing guidance, and holding events to support relationships and communication.
  • Providing investment opportunities, laboratories, and innovative spaces needed for work and studios.

Business incubator “Goodforce Lab”Business incubator “Goodforce Lab” is one of the important business incubators in the city of Dubai. It is located in the Dubai Airport Free Zone and works to provide support for the establishment of startup companies in Dubai by During:

  • Providing solutions to support sustainable development for various sectors such as: food, agriculture, education, finance and lifestyle.
  • The business incubator “Goodforce Lab” supports the establishment of startups in Dubai by providing experts who guide young investors.
  • The business incubator encourages entrepreneurs to create innovative and new solutions to create positive change in society.

 

Tips for establishing startups in Dubai

It is known that the city of Dubai is an essential investment destination for investors and has proven its ability to create a global investment environment to embrace various types of investments, company sizes and capital. One of the types of investments to which the UAE government gives special attention is establishing startup companies in Dubai. Here are the most important tips on establishing startup companies in Dubai. Dubai:

  • Prepare a clear business plan for what you want to do because having a clear business plan for your project, goals, strengths, weaknesses, threats, and opportunities will make you prepared for any challenges that may arise.
  • Setting a clear strategy for the growth of your startup is a necessary step in order to be prepared for all the different stages of growth that the startup will go through in order to grow and achieve its goals.
  • Giving priority to research and development, meaning testing the market in which you will work first, before starting to produce huge quantities of your products or many services, you must first know the extent of the target segment’s acceptance without wasting money.
  • Establishing startups in Dubai requires building a network of relationships and choosing the best partners with experience in the field in which your company operates to benefit from that experience for the benefit of your company.

 

Steps to establish startups in Dubai

Establishing companies in Dubai requires following basic steps in order to obtain a commercial license to operate. These steps or procedures are summarized in the following points:

  1. Determine the nature of the investment activity in which you will work, as activities in Dubai vary between commercial, industrial, service, tourism, agricultural, and many other activities. The importance of this step lies in the fact that it will determine the procedures and next steps to establish your company properly.
  2. Choosing a trade name suitable for the nature of the business activity and then registering it with the Department of Economic Development in Dubai is an essential step for establishing startups in Dubai, according to several conditions such as:
  • Choose a trade name related to the nature of the activity.
  • The trade name must not contain inappropriate words.
  • It does not resemble the name of another company or government entity.
  1. Determine the appropriate legal form for the nature of the company’s activity, as there are many legal forms for companies as follows:
  • Solidarity Company.
  • Simple recommendation company.
  • A limited liability company.
  • Public contribution.
  • Special contribution.
  • Commercial representation office.
  • Civil works company.
  • A branch of a local company.
  • A branch of a Gulf company.
  • Branch of a foreign company.
  • Branch of a free zone company.
  • Individual Foundation.
  • holding company.
  1. Obtaining initial approval regarding (trade name, nature of activity, legal form).
  2. Choose a suitable location to work in so that it is an actual location for the company, whether rented or owned, and it must be documented by the relevant authorities.
  3. Obtaining additional approvals from the authorities organizing these activities, such as:
  • Municipality Department in Dubai.
  • The Telecommunications Regulatory Authority.
  • executive board.
  • The Ministry of Economy.
  • Dubai Health Authority.
  • Supreme Petroleum Council.
  • Ministry of Interior.
  • Ministry of Justice.
  1. The last steps for establishing companies in Dubai are to receive the commercial license necessary to operate legally in the company and pay the fees for the commercial license.

These are the steps for establishing companies in Dubai to obtain a commercial license and begin work after this step in an actual and official manner.

How do we help in establishing companies in Dubai?

  • We have many years of experience guiding young entrepreneurs and investors.
  • Our company’s team is trained to undertake the procedures for establishing startup companies.
  • Obtaining the commercial license as quickly as possible, as well as renewing commercial licenses.
  • Dealing with government agencies and all transactions, documents and papers.
  • Providing all the necessary services to create an integrated work environment for startups in Dubai.
  • Providing legal advice and solutions for all problems that may occur to the startup company.

 

In this article, we discussed the steps for establishing companies inDubai and examples of business incubators that were established to support entrepreneurs in Dubai, and we provided advice for establishing startup companies in Dubai

 

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