To establish a company in Dubai, collaborating with a specialized company such as Itqan is a crucial strategic step. Dubai is emerging as a global investment destination thanks to its advanced infrastructure, favorable legal environment, and the commercial facilities it provides. Dubai enjoys a distinguished strategic location that facilitates access to diverse markets in the Middle East and around the world, making it a major hub for business and trade. The ability to accommodate small and medium-sized companies and large companies, and provide a competitive environment that encourages innovation and growth. In cooperation with Itqan, investors and new projects can benefit from deep experience in company establishment, administrative and legal services, to ensure a successful and effective start in Dubai. Establishing a company in Dubai requires specifying a set of options such as the size of the company, the size of capital, and the location or region in which the company is to be established. All of these factors are a prerequisite for establishing a company in Dubai and starting to invest and achieve huge profits. In this article, we discuss the most important advantages of establishing a company in Dubai and the costs of establishing a company in Dubai.

Establishing a company in Dubai

Types of companies that can be established in Dubai

Dubai is considered one of the world’s major business destinations, offering a supportive investment environment and a favorable legal climate for international investors. Dubai offers a wide range of company types that can be established, allowing investors to choose the organizational structure that best suits their business objectives and legal requirements. From simple local companies to major international corporations, Dubai is home to a variety of business types, including: Types of businesses in Dubai

• Local Corporation (LLC): Also known as a limited liability company, it requires a local shareholding of at least 51%. This corporate structure is suitable for investors who want to conduct local business activities.
• Free Zone Company: This structure allows foreign investors 100% ownership of their companies within a free zone such as Jebel Ali or Dubailand. These companies offer many advantages including tax breaks and easy access to the regional market.
• Real Estate Company: These companies specialize in investing in real estate and developing real estate projects in Dubai, which requires a special license from the real estate regulatory authorities in the emirate.
• Public Joint Stock Company: This structure allows companies to raise capital through a public offer of shares and is regulated under the laws of the Securities and Commodities Authority in Dubai.

By choosing the right corporate structure in Dubai, investors can benefit from the dynamic economic environment and legal flexibility that the city offers. Establishing a company in Dubai offers various opportunities for growth and prosperity, whether for local or international business, with the support of specialized advisory services such as those provided by Itqan, which makes the investment process in Dubai flexible and efficient.

Basic procedures for establishing a company in Dubai

Establishing a company in Dubai is an important strategic step that requires good planning and compliance with local legal procedures. Dubai is characterized by its advanced infrastructure and favorable economic environment, making it a preferred destination for business in the Middle East and North Africa region. By following the right procedures, investors can benefit from the vast opportunities that the emirate offers. Basic procedures for establishing a company in Dubai

• Choosing the type of company: You must first choose the appropriate legal structure for the company, such as a local company, or a company in a free zone, based on the type of business activity and legal and tax requirements.
• Determine names and domains: You must choose an appropriate name for the company and ensure that the appropriate electronic domain is available if necessary.
• Preparing legal documents: This includes preparing a draft of the social contract or internal charters of the company and having them signed by the founders.
• Submitting a registration application: This requires submitting all necessary documents to the competent authorities and paying the fees required for the registration process.
• Obtaining the necessary licenses: Some economic activities may require additional licenses from local or federal authorities.
• Opening a bank account: The company must open a local bank account to manage its financial operations and meet financial obligations.

By following these basic procedures, investors can set up a company in Dubai efficiently and effectively, while adhering to local laws and regulations. Dubai provides an ideal environment for business and investments, and specialized assistance from consulting firms such as Itqan can contribute to making the incorporation process smooth and successful, and provide the necessary support for companies to achieve their business goals efficiently.

Tax and legal requirements for companies in Dubai

Tax and legal requirements for companies in Dubai

Dubai is considered one of the most prominent global economic centers that attracts investors thanks to its advanced economic environment and supportive legal climate for business. The emirate provides transparent and effective tax and legal legislation and controls that help stimulate economic growth and attract international investments. Tax and legal requirements for companies in Dubai
Taxes:

• Income tax: Companies in Dubai benefit from the absence of corporate income tax on profits, with the exception of some specific sectors such as banks and real estate companies.
• Value-added tax (VAT): A 5% value-added tax applies to some goods and services, and companies are subject to registration and the obligation to submit reports and pay the tax on a regular basis.
• Practical laws: Companies must adhere to local practical laws that regulate employment relationships, such as labor, social insurance, and labor protection laws.
  Legal legislation also requires companies to have careful procedures regarding financial reporting and legal disclosures.
• Additional Legal Regulations: Some economic activities may require additional licenses or approvals from local or federal authorities. Companies must comply with environmental protection and occupational health and safety laws, as needed.

Understanding the tax and legal requirements for establishing and operating companies in Dubai is crucial for investors seeking to take advantage of the business opportunities available in this dynamic emirate. Thanks to transparent and supportive legislation, businesses in Dubai can flourish and grow with confidence, while specialized consultancy from companies such as Itqan provides the necessary support to enjoy the privileges and facilities available to them in the local and regional market.

Our company’s role in establishing a company in Dubai

Establishing a company in Dubai in cooperation with Itqan represents a crucial strategic choice for investors looking to benefit from the dynamic economic environment and distinguished investment climate that the city offers. Dubai, as one of the fastest growing cities in the world, combines innovation and technological development with cutting-edge infrastructure and cutting-edge legal institutions. These factors enhance opportunities for growth and prosperity for companies in various sectors.

Through Itqan Company, investors can benefit from specialized support in all aspects of company establishment, from market analysis and choosing the appropriate company type, to licensing and registration procedures, and managing legal and administrative affairs with high efficiency. Itqan provides its deep expertise in the Dubai market and its comprehensive understanding of local legislation and regulations, facilitating the integration process into the local market and achieving full compliance with legal requirements.

Thanks to the collaboration with Itqan, new projects and international investors can avoid potential administrative and legal challenges, and instead focus on achieving growth and expansion goals in the growing Dubai market. The company’s readiness to provide continuous and specialized support reflects its commitment to empowering companies and facilitating their journey towards success and sustainability in the UAE and regional market.

Frequently asked questions about establishing a company in Dubai