Establishing a company in the UAE is an important strategic step for many investors and businessmen seeking to expand in a dynamic and promising market. The UAE is considered a distinguished business environment thanks to its advanced infrastructure, encouraging economic policies, and customs facilities. The process of establishing a company in the UAE includes several basic stages, including choosing the type of company, determining the business activity, obtaining the necessary licenses, and meeting the requirements of government agencies. The UAE offers a variety of free zones that provide tax and customs benefits to attract foreign investment, making it an ideal destination for business. In this article, we will discuss the detailed procedures for establishing a company in the UAE , focusing on the basic steps and important considerations to ensure the success of the establishment process.

 

Procedures for establishing a company in the Emirates

Establishing a company in Dubai in the UAE requires following a set of basic procedures to ensure compliance with legal and commercial requirements. Here are the main steps to follow:

1. Determine the type of company and its activity:  The type of company can be chosen based on its size and the nature of its activity, such as a limited liability company (LLC), a joint-stock company, or a branch of a foreign company.
2. Determine the business activity: The activity that the company will carry out must be determined and selected from the list of approved activities.
3. Choosing the company’s location: Whether free zones provide tax and customs benefits, and grant full ownership to foreigners, or economic zones that provide various facilities and have different legal requirements.
4. Preparing the required documents: A legal document that specifies the details of the company and its objectives. Some entities may require it to evaluate the project.
5. Company registration: Choosing a distinctive name and registering it with the Department of Economic Development. Obtaining licenses such as a commercial or industrial license based on the type of activity.
6. Opening a business bank account: Requires submission of legal documents and necessary evidence.
7. Work and residence visas: for company employees and investors.
8. Obtaining final approvals: from the relevant government authorities. And obtaining the final commercial license.
   These procedures require strict adherence to local laws, and it is preferable to seek the assistance of a legal advisor or a specialized company such as Atqan to facilitate the establishment process and ensure compliance with all requirements.

Documents for establishing a company in the Emirates

Establishing a company in Dubai   in the UAE requires submitting a set of basic documents to ensure that all legal and administrative requirements are met. The required documents vary depending on the type of company and location, but generally include the following documents:

• Company registration application and completed and signed registration form.
• Passports of the founders and directors, with certified copies.
• If the founders or directors are residents of the UAE, copies of residence visas must be provided.
• The company’s articles of association include details about the organizational structure and business activity.
• A document that explains the nature of the business, objectives, and strategy of the company.
• For company directors and shareholders, if they are residents of the UAE.
• If the activity requires special approvals from government agencies.
• Lease or ownership contract for the premises, with proof of address.
• A copy of a business bank account, if one has been opened.
• Suggesting trade names with the possibility of registering the name.
• Some activities may require additional licenses or special permits.
• If there are legal representatives or consultants who are handling the procedures on behalf of the company.
  Hiring a specialized company such as Atqan can facilitate the process of submitting these documents and ensure that all legal and procedural requirements are met.

The importance of establishing a company in the Emirates

Establishing a company in Dubai in the United Arab Emirates is of great importance to individuals and investors from all over the world, due to several main factors:

1. Encouraging business environment: The UAE provides a favorable business environment thanks to its advanced infrastructure, favorable economic policies, and facilitation of trade procedures.
2. Vast growth opportunities: The UAE offers companies access to large and diverse markets in the MENA region, enhancing opportunities for expansion and growth.
3. Tax and customs incentives: Free zones in the UAE offer tax benefits such as exemptions from taxes on profits and exemptions from customs duties, which enhances the attractiveness of investment.
4. Full foreign ownership: In many free zones, foreigners can own 100% of the company without the need for a local partner, providing more control over the business.
5. Advanced financial market: The UAE has strong and developed financial markets, with local and international banks, which facilitates access to financing and investment.
6. Intellectual Property Protection: The UAE is committed to protecting intellectual property rights, which enhances confidence in protecting innovations and business ideas.
7. Strategic location: The UAE has a strategic geographical location, making it a major link between European, Asian and African markets.
8. Ease of procedures: Simple and transparent procedures speed up the incorporation process, reducing the costs and time required to start work.
9. Quality of Life: The UAE offers a high level of quality of life and infrastructure, making it an attractive destination to live and work in.
   Setting up a company in the UAE can be a strategic move that enhances the chances of success and growth in a growing global market, and provides many advantages that contribute to achieving business goals.

 

 

Obtaining a commercial license to establish a company in Dubai

To obtain a commercial license to establish a company in Dubai, you must follow a set of steps and procedures, which include:

1. Choose the type of company: Select the type of company you want to establish, such as a limited liability company (LLC), a joint stock company, a branch of a foreign company, or a company in a free zone.
2. Select Business Activity: Choose the business activity the company will be conducting from the list of approved activities.
3. Name suggestion: Choose a unique business name for the company that complies with local laws and is not similar to other registered names.
4. Name Registration: Register the trade name with the Dubai Department of Economic Development (DED) or the relevant authority in the free zone.
5. Articles of Association: A legal document that defines the goals and structure of a company.
6. Business plan : May be required for some activities to clarify the details of the work.
7. Special Permits: You may need special approvals depending on the type of activity (such as health or environmental approvals).
8. Completing the application: Submit the commercial license application through the Department of Economic Development (DED) website or through the customer service offices.
9. Submitting Documents: Submit all required documents such as articles of association, passports, ID cards, and any other documents.
10. Open a business account: Open a company bank account to provide the financial requirements for incorporation.
11. Receiving the license: After the application has been reviewed and approved by the Department of Economic Development or the relevant authority in the free zone, you can receive the commercial license.
12. Work and Residence Visas: Apply for work and residence visas for company employees and investors.
13. Government registration: such as tax registration if required.
    Details and procedures may vary slightly depending on the type of company and location, so it is advisable to seek the help of a legal advisor or a specialized firm such as Atqan to facilitate the process and ensure that all legal and procedural requirements are met.

In conclusion, establishing a company in Dubai represents a unique opportunity for investors and businessmen who wish to enter a vibrant and thriving global market. Dubai is characterized by a suitable and advanced business environment, as it provides modern infrastructure, tax benefits, and incentives that encourage investment and growth. The establishment process requires following precise steps that include determining the type of company, obtaining the necessary licenses, and preparing the required documents, which ensures the company’s compliance with local laws and achieving its goals. In cooperation with specialized consulting companies such as Atqan, these procedures can be facilitated and ensure excellence and success in the market. Therefore, investing in Dubai is not only a strategic step towards success, but also an opportunity to benefit from an innovative and thriving business environment.