Ways to establish a company in Dubai for foreigners 2022. Dubai is one of the leading global destinations for business and investment, as it provides an ideal environment for foreigners wishing to establish their companies. Thanks to its flexible legislation and supportive government initiatives, Dubai attracts investors of all types of businesses, whether they are starting a new project or intend to expand their economic presence in the region.

Establishing a company in Dubai represents an important strategic step for foreigners looking for a dynamic and stimulating business environment. Dubai provides advanced infrastructure, flexible trade legislation, and a group of free zones that provide tax exemptions and facilitate administrative and operational procedures. In cooperation with Itqan Company, foreigners can benefit from the experience and support necessary to establish their company smoothly and with the highest levels of professionalism.

Dubai provides foreign investors with access to a diverse global market, helping them explore growth opportunities and achieve success in an advanced, diverse economic environment. Whether you are planning to establish a new company or a branch of your existing company, Dubai offers the infrastructure and support necessary to successfully achieve your business goals.

With Itqan Company, you will find full support to achieve your business vision in Dubai, where you can consult specialized experts in all aspects of establishing and managing a business. Benefit from strategic guidance and assistance at every step of the process of establishing your company, which makes the task easier for you and increases your chances of success in the local and international market.

In short, setting up a company in Dubai for foreigners represents a real opportunity to explore the economic and business potential in a region that combines innovation and promising investment opportunities.

Ways to establish a company in Dubai for foreigners 2022

Types of companies I can establish as a foreigner in Dubai

Establishing a company in Dubai is considered a strategic investment step, given the thriving economic environment and wide opportunities that the city provides. Thanks to liberal legislation and well-developed infrastructure, Dubai attracts investors from all over the world to establish their companies here. Types of companies that can be established as a foreigner in Dubai include:

• Sole proprietorship: means that you are solely responsible for the company and for all debts and losses.
• Joint stock company: where foreigners can be partners with Emirati citizens in a certain percentage of the company.
• Limited Liability Company: Where the necessary capital is provided to the company, which is represented in shares that are divided among shareholders.
• Branch of a foreign company: Foreign companies can establish branches in Dubai to implement special projects or carry out commercial activities in the region.

Each of these types of companies has its own advantages and uses, and the choices depend on the business needs and commercial strategy of the company.

Basic requirements for establishing a company in Dubai

Dubai is one of the most prominent economic centers in the world, as it combines modern legislation and advanced infrastructure, making it an ideal destination for those wishing to establish companies and invest in the Middle East. This environment offers ample opportunities for growth and expansion to companies from various sectors. Basic requirements for establishing a company in Dubai :

• Choosing the type of company: The investor must determine the appropriate type of company, whether it is a sole proprietorship, a joint stock company, or a limited liability company, according to business objectives and legal requirements.
• Company name registration: You must choose a name for the company that complies with local regulations and register it with the Department of Commerce and Industry in Dubai.
• Obtaining a work permit: Establishing a company requires obtaining a work permit from the Department of Economic Development or the body responsible for regulating the specific commercial activity.
• Providing an office for the company: The company must have an approved commercial office address in Dubai, whether it is in a free zone or on the mainland.
• Capital insurance: The capital required to establish the company must be provided according to its type, and this is done through a local bank account.
• Legal procedures: These include preparing the necessary legal documents such as contracts and certificates, and paying the fees that apply to the registration process.

The process of establishing a company in Dubai requires following precise procedures and adhering to local laws, and consulting companies such as Itqan can provide the necessary assistance in all the necessary steps to facilitate this process.

Legal and administrative procedures necessary to register the company

Establishing a company in Dubai represents an important strategic step given the thriving economic environment and broad opportunities that the city provides. Dubai has modern legislation and advanced infrastructure, making it an ideal place to attract investors seeking to establish their companies and expand their business in the Middle East. Legal and administrative procedures necessary to register the company:

• Choosing a company type: The investor must determine the appropriate company type, whether it is a sole proprietorship, a joint stock company, or a limited liability company, based on the nature of the business and business needs.
• Registration of the company name: A name for the company is chosen and registered with the Department of Commerce and Industry in Dubai. It must be ensured that the chosen name does not conflict with the names of other registered companies.
• Preparing legal documents: This includes preparing the necessary documents such as legal contracts, company incorporation certificates, and all other documents required by local authorities.
• Securing capital: The investor must provide the required capital according to the type of company and local laws, and document this through an approved bank account in Dubai.
• Obtaining a work permit: Establishing a company requires obtaining a work permit from the relevant authorities, such as the Department of Economic Development in Dubai.
• Tax registration: The company must register with the Federal Tax Authority to determine its tax obligations in accordance with local laws.
• Signing the contracts: Once all legal and administrative procedures are completed, the investor and partners must sign the final contracts and the necessary documentation to ensure the validity of the process.

These meticulous procedures require close cooperation with specialized legal advisors and accountants to ensure that the company complies with local laws and that the incorporation process is successful.

Taxes my company must pay

Taxes my company must pay

Dubai is among the world’s leading cities in economics and business, making it an ideal destination for establishing companies and investments. Thanks to its advanced economic policies and advanced infrastructure, Dubai provides an ideal environment for business growth and success in the global market. Taxes that the company must pay:

• Corporate Tax: In Dubai, companies registered in free zones and special economic zones enjoy exemption from corporate tax for up to 50 years. This exemption also includes companies registered in other regions, provided that they adhere to the conditions specified by the relevant bodies.
• Value Added Tax (VAT): As of January 2018, VAT was imposed in the UAE at a rate of 5%. This tax applies to most commercial goods and services, and companies must register themselves, submit the necessary reports, and pay the tax regularly to the Federal Tax Authority.
• Other local taxes: Other local taxes may apply to some commercial or industrial activities in accordance with local laws and legislation in Dubai. For example, there may be local property taxes or business license fees.

It is crucial that competent investors and companies consult local tax advisors to understand their company’s specific tax obligations and ensure full compliance with local and federal laws in Dubai.

Our company’s role in establishing a company in Dubai

Establishing a company in Dubai for foreigners is an important strategic step given the dynamic economic environment and vast opportunities that the city offers. In cooperation with Itqan Company, foreign investors can benefit from smooth establishment procedures and comprehensive support in all legal and administrative aspects. Dubai offers advanced infrastructure and liberal legislation that facilitates business operations, enhancing its attractiveness as a global investment destination.

Foreign companies in Dubai enjoy many benefits such as comprehensive tax exemptions and supportive government directives for business. It also provides companies in the emirate with access to wide markets in the Middle East, North Africa and Asia, which enhances opportunities for growth and international expansion.

In the end, establishing companies in Dubai for foreigners is a commendable strategic choice that guarantees stability and sustainable growth, thanks to the advanced infrastructure and distinguished government support. Choosing Dubai as a business headquarters reflects a future investment vision and a desire for lasting success in a growing and diverse global market.

Frequently asked questions about establishing a company in Dubai