Establishing a company in Dubai for foreigners. Dubai is considered one of the most prominent global destinations for establishing companies, thanks to its distinguished business environment and the advanced infrastructure it provides to investors. For foreigners wishing to enter the Dubai market, there are many opportunities that allow them to establish their companies easily and effectively. Dubai is a major commercial hub, making it an attractive investment destination thanks to its flexible economic policies and competitive advantages. Establishing a company in Dubai allows foreigners to benefit from many benefits, including full ownership of the company, tax exemptions, and facilitation of licensing procedures. These advantages make Dubai an ideal place for foreigners to expand their businesses and enter new markets.

Through cooperation with Itqan Company, foreigners can benefit from specialized expertise in providing advice and services related to establishing companies in Dubai. The available options vary between free zones and onshore areas, providing foreign investors with a range of solutions that suit the nature of their activity and commercial requirements. Itqan Company provides comprehensive support, starting from choosing the appropriate type of license, through registration and licensing procedures, all the way to providing advice on how to expand in the local and international market. With the full support of Itqan, foreign investors can overcome the challenges of establishing a new company and achieve success in Dubai’s dynamic business environment.

Establishing a company in Dubai for foreigners

Types of companies that foreigners can establish in Dubai

Dubai is one of the most prominent global investment destinations, making it a preferred choice for foreigners wishing to establish their companies. Thanks to its dynamic business environment, tax exemptions, and pro-business policies, Dubai offers diverse opportunities for foreign investors. Knowing the different types of companies that can be established in Dubai is an essential step for successful investment. There are a range of options that can suit investors’ needs based on the type of business and market requirements. Types of companies that foreigners can establish in Dubai:

• Limited Liability Company (LLC): Limited liability companies are one of the most common types of companies in Dubai. Foreigners can be shareholders in these companies, but they must have a local partner who owns 51% of the company’s shares. This type of company provides investors with protection from personal liability and allows them to engage in various business activities.
• Wholly foreign-owned company in free zones: Dubai’s free zones allow the establishment of wholly foreign-owned companies, which means investors can own 100% of the company’s shares without the need for a local partner. These companies provide many benefits, such as tax exemptions and facilitating the export and import process.
• Limited partnership company: These companies are options that foreigners can benefit from, especially if they have a local partner. The local partner has limited liability for the company’s debts, while foreigners have a major role in management and operation.
• Holding Company: Holding companies are typically used for investment and asset management purposes. Foreigners can establish a holding company in Dubai to control multiple investments and manage assets in a centralized way. Holding companies provide multiple advantages in managing investments and reducing risks.
• Sole proprietorship: This type of company allows individuals to fully own a company, but this requires compliance with certain conditions. Foreign investors can establish a sole proprietorship in Dubai under specific conditions related to the business activity and location.

Each of these types of companies offers certain advantages based on business goals and investment plans. It is essential for investors to carefully study the available options and determine the most suitable type for their business to succeed in the competitive Dubai market.

Basic procedures for establishing a company in Dubai for foreigners

Basic procedures for establishing a company in Dubai for foreigners

Dubai is considered one of the leading investment destinations in the world, as it provides an attractive business environment and diverse facilities for foreign investors. Establishing a company in Dubai opens doors to unlimited opportunities in various sectors, thanks to its advanced infrastructure and business-friendly policies. However, the process of establishing a company in Dubai requires following specific steps to ensure compliance with local regulations and facilitate procedures. It is essential for foreign investors to understand these steps carefully to avoid any delays and achieve success in the competitive Dubai market. Here’s a look at the basic procedures for establishing a company in Dubai for foreigners: The basic procedures for establishing a company in Dubai for foreigners:

• Determine the type of company: The first step is to determine the type of company you want to establish based on your business activity and market requirements. The company can be a limited liability company (LLC), a wholly foreign-owned company in a free zone, a sole proprietorship, or another type that suits your goals.
• Choosing a trade name: You must choose a trade name that is consistent with the business activity and not previously used. An application to register the trade name is submitted to the Department of Economic Development in Dubai or to the relevant free zone.
• Preparing legal documents: The incorporation process requires submitting a set of documents, such as passports for investors and partners, incorporation contracts, and approval of the trade name. You must ensure that all documents are translated and certified if necessary.
• Renting an office: You need to rent an office to establish the company, as Dubai requires a physical headquarters for the company. The office can be in the free zone or in Dubai Mainland depending on the type of company.
• Applying for licenses: After preparing the documents and choosing the trade name, you must apply to obtain the necessary licenses from the Department of Economic Development or the relevant authority in the free zone. This includes obtaining a commercial license, industrial license, or professional license depending on the company’s activity.
• Opening a bank account: After obtaining the license, you need to open a company bank account in a local bank. This requires submitting incorporation documents and proof of identity to investors.
• Registration in government departments: After completing the previous steps, the company must be registered in various government departments such as the General Authority for Taxes and the Customs Authority, if this is required according to the company’s activity.
• Completing employment and insurance procedures: Employees must be registered in the social insurance system and obtain health insurance according to the requirements of local laws.

By following these basic steps, foreign investors can successfully establish a company in Dubai, and take advantage of the dynamic business environment that the city has to offer.

Our company’s role in establishing a company in Dubai

Establishing a company in Dubai for foreigners represents an important strategic step that opens broad horizons for expansion and growth in one of the most vibrant and developed markets in the world. The diversity and flexibility that Dubai offers to foreign investors makes it a preferred destination for many entrepreneurs wishing to take advantage of the unique business opportunities it offers. Through cooperation with Itqan Company, foreign investors can achieve their goals more efficiently, thanks to the integrated support and experience that the company provides in the field of company establishment and business management.

Itqan Company provides foreign investors with access to a wide range of services that contribute to facilitating the establishment process and compliance with local legislation. From providing specialized advice on the best options available for free zones or onshore areas, to dealing with administrative procedures and licensing, Itqan Company provides the necessary support to ensure the start of the business smoothly and effectively. Moreover, cooperation with Itqan helps overcome logistical and legal challenges, allowing investors to focus on achieving their strategic goals.

Investing in Dubai opens new doors for foreign companies to innovate and grow thanks to the dynamic business environment and advanced infrastructure. With the full support of Itqan, setting up a company in Dubai for foreigners becomes a smooth and rewarding experience, enhancing the chances of success and prosperity in the UAE market, which is full of potential. In conclusion, cooperation with Itqan is a crucial step towards achieving success in the Dubai business environment and achieving ambitious business goals.

Frequently asked questions about establishing a company in Dubai