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Investing in Dubai

١٢ مايو Investing in Dubai

Investing in Dubai, Dubai is considered one of the most prominent global destinations for investment, as it offers a developed business environment full of opportunities. Thanks to its modern infrastructure, business-friendly legislation, and ability to access regional and international markets, Dubai has become a major attraction for investors from around the world. Dubai provides a variety of free zones and economic zones that allow investors to establish their business projects easily and conveniently. However, to make the most of investment opportunities in Dubai, it is necessary to benefit from specialized expertise and advice.

Your cooperation with Itqan Company can have a significant impact in facilitating the investment process and ensuring the achievement of your business goals. Itqan Company has extensive experience in providing comprehensive support to investors, from guidance on choosing the best areas and investment areas to providing assistance in all legal and commercial procedures. Itqan Company contributes to simplifying the process of applying for licenses, providing advice on the appropriate organizational structure, and providing the necessary information about tax obligations and local legislation.

By cooperating with Itqan Company, investors can ensure compliance with all legal and regulatory requirements, saving time and effort and contributing to accelerating the establishment and operation processes. It also helps them take advantage of the incentives and benefits offered by Dubai to attract investments, which enhances the chances of success and growth in a dynamic and evolving market. Investing in Dubai , thanks to your partnership with Itqan, can be a strategic step towards achieving your business goals and building a solid base for your business in one of the fastest growing markets in the world.

Investing

Investing in Dubai

Types of companies that can be established in Dubai

Dubai is considered one of the most prominent global destinations for business and investment, thanks to its vibrant business environment and the advanced facilities it provides to companies and investors. Dubai offers a variety of options for company formation, allowing individuals and organizations to choose the most appropriate form for their business according to their needs and goals. By understanding the different types of companies that can be established in Dubai, investors can make strategic decisions that will help them achieve success and growth in the market. Types of companies that can be established in Dubai

  • Limited Liability Company (LLC): Limited liability companies are one of the most common types in Dubai. There is a requirement that a local partner own 51% of the company’s shares, while foreigners can own 49% of the shares. This company provides investors with protection from personal liability for debts and obligations of the company.
  • Public Joint Stock Company: This type of company requires registering its shares on the stock market, which allows raising capital from the public. These companies can have an unlimited number of shareholders. Publicly held companies are ideal for large projects seeking to raise capital by selling shares to the public.
  • Private joint stock company: Private joint stock companies differ from public joint stock companies in that they do not sell their shares to the public. Instead, the transfer of shares between individual shareholders is restricted. This type of company is suitable for investors who want to obtain financing from a limited group of investors.
  • Sole Proprietorship: A sole proprietorship is a good option for individuals who want to run their business independently. A sole proprietorship does not require a local partner, but the founder must adhere to local laws and regulations which may include specific registration and licensing procedures.
  • Companies in free zones: Dubai’s free zones provide an ideal environment for foreign companies, as foreigners can fully own companies without the need for a local partner. Companies in free zones enjoy tax benefits such as exemptions from corporate tax and value-added tax, as well as simplified registration procedures.
  • Limited Liability Company in Free Zones: These companies are similar to limited liability companies, but operate within free zones which provide additional benefits such as full foreign ownership and tax exemptions. These companies are suitable for small and medium enterprises that want to benefit from the facilities provided by free zones.

There are many options available for establishing companies in Dubai, allowing investors to choose the most appropriate form based on the nature of their business activity and their specific needs. By understanding the different types of companies, investors can make informed decisions to succeed in Dubai’s dynamic market.

Basic

Basic steps to establish a company in Dubai

Basic steps to establish a company in Dubai

Establishing a company in Dubai represents an important strategic step for any investor or businessman seeking to benefit from the economic opportunities provided by this global city. Dubai offers a vibrant business environment and great investment advantages thanks to its modern infrastructure, easy legal system, and strategic geographical location. However, setting up a company in Dubai requires following a series of basic steps to ensure full compliance with legal regulations and ensure the success of the registration process. Below, we review the basic steps that must be followed to establish a company in Dubai, which helps investors achieve their business goals effectively. Basic steps to establish a company in Dubai

  • Determine the type of company: Before starting the incorporation process, you must determine the type of company you wish to establish, whether it is a limited liability company (LLC), a public joint stock company, a sole proprietorship, or a company in a free zone. Choosing the type of company affects registration, tax, and ownership requirements.
  • Choosing a trade name: A trade name must be chosen that is consistent with the nature of the business and is unique and not previously used. The name must comply with local laws and must be submitted to the Department of Economic Development (DED) for approval.
  • Submitting an application for a license: Depending on the type of company and commercial activity, an application must be submitted to obtain the appropriate license from the competent authority. Includes commercial, industrial, or professional licenses. Obtaining a license requires submitting documents such as a lease contract, passports, and certificate of incorporation.
  • Preparing legal documents: All legal documents required to establish the company must be prepared, including the articles of incorporation, partner agreements, and lease contracts. These documents must be certified and translated if necessary.
  • Registering the company with the competent authorities: After obtaining the license, the company must be officially registered with the competent authorities such as the Department of Economic Development (DED) or the relevant authorities in the free zones. Registration includes obtaining a registration certificate and tax ID number.
  • Opening a bank account for the company: A bank account must be opened in the name of the company to facilitate financial transactions. Opening an account requires submitting company documents, including articles of incorporation and business licenses.
  • Completing employment and insurance procedures: In the event of hiring employees, health insurance procedures must be completed and work and residence permits must be issued. Make sure you comply with all local labor laws.
  • Preparing the workplace: Providing a suitable workplace, whether an office or a store, according to the type of business activity of the company. The location must comply with legal requirements and strike a balance between comfort and cost.

By following these basic steps, you can successfully establish a company in Dubai and benefit from the ideal investment environment that the city offers. With good preparation and proper planning, success and growth can be achieved in the dynamic market of Dubai.

Learn about investing in Dubai

In conclusion, talking about investing in Dubai , it becomes clear that this leading city offers an investment environment rich in opportunities and privileges, but success in this competitive market requires the right guidance and specialized support. Your cooperation with Itqan Company plays a pivotal role in effectively achieving your investment goals. Thanks to its extensive experience and deep knowledge of the local market, Itqan provides comprehensive support to investors, which contributes to facilitating all aspects of the investment process.

Through Itqan Company, you can obtain specialized consultations that help you choose the most appropriate among the various investment areas, provide assistance in preparing and submitting the required documents, and ensure compliance with all legal and legislative requirements. Itqan also helps you identify suitable opportunities that are in line with your business strategies and investment aspirations.

Cooperating with Itqan Company also guarantees you access to the latest information about amendments to laws and regulations, allowing you to make informed investment decisions based on accurate data. Itqan Company provides its services with a high level of professionalism, which enhances your ability to focus on developing your business and achieving the desired growth.

Ultimately, investing in Dubai with the support of Itqan can be the most strategic step towards achieving success in a market full of opportunities. Partnering with Itqan allows you to benefit from its expertise and experience, enhancing your opportunities to achieve your business goals and build a strong and prosperous base for your business in one of the most vibrant markets in the world.

Frequently asked questions about investing in Dubai

What types of companies can be established in Dubai?

Several types of companies can be established in Dubai, including limited liability companies (LLC), public joint stock companies, sole proprietorships, and wholly foreign-owned companies in free zones. The choice depends on the nature of the business and the needs of the investor.

What are the reasons that make Dubai a preferred destination for investment?

Dubai offers an attractive business environment thanks to modern infrastructure, tax facilities, favorable regulatory laws, and a strategic location linking East and West. Dubai also offers multiple free zones that offer benefits such as full tax exemptions, full foreign ownership, and no restrictions on transferring profits.

What are the basic steps to establish a company in Dubai?

The basic steps include determining the type of company, choosing a trade name, submitting a license application to the competent authorities, preparing the required documents such as passports and lease contracts, and officially registering the company after meeting all legal requirements.

What business licenses are required to invest in Dubai?

The licenses required depend on the type of business activity. Major licenses include general commercial licenses, industrial licenses, and professional licenses. An application must be submitted to obtain the appropriate license according to the type of activity and business.

What tax benefits does Dubai offer investors?

Dubai offers tax benefits such as not imposing a tax on personal profits, exempting companies from corporate tax in many free zones, and not imposing a value-added tax (VAT) on some activities. This enhances Dubai’s attractiveness as an investment centre.

What is the cost of setting up a company in Dubai?

The cost of setting up a company in Dubai varies depending on the type of company, its location, and the business activity. Costs include licensing fees, company registration costs, and rental fees. Consulting companies such as Itqan can provide assistance in accurately estimating costs.

Can foreigners fully own companies in Dubai?

Yes, foreigners can fully own companies in Dubai in free zones. However, in non-free zones, a local partner who owns 51% of the company’s shares is required in the case of limited liability companies.