The process of searching for how to establish a company in Dubai for foreigners is one of the most searched for, as the entire United Arab Emirates has become a major destination for those who wish to establish their own business, as a result of the enormous advantages that the government offers to investors, especially in the Emirate of Dubai, but of course there are several steps that must be taken in order to be able to establish a new company with all its aspects. Due to the importance of this topic, we will explain to you its details through this article.
Establishing a company in Dubai for foreigners
The services and benefits provided by the Emirate of Dubai in the field of work and investment are not limited to native citizens only. But rather open huge markets to foreigners from all countries, whether Arab or European. And as a result it has received huge investments recently in all fields of work.
In addition, there are many advantages to establishing a company in Dubai for foreigners, including the following:
- The state allows you to start any type of investment business, through a list that includes multiple types of companies.
- In addition to obtaining many privileges in the field of taxes and fees, ownership percentage of the company, and others.
- The general way of living in the UAE also helps to achieve the desired success, such as the great infrastructure and the greatly reduced level of crime, among others.
- This is in addition to the rapid development witnessed by work in Dubai, as it was able to advance the world of various investments within a short period.
- In addition, the comprehensive technological advancement of all facilities makes success easier
How to open a company in Dubai?
As we mentioned to you, establishing a company in Dubai for foreigners is one of the best investments you can make, but it requires familiarity with some details of how to establish it, which includes some steps that have been regulated by the government.
You can also use the services of Tasyer company to complete all these procedures in the simplest possible way. These steps are as follows:
Identify the activity
This step is the most important, as the path the next steps take depends on it. The state allows you to choose from many types of activities that you would like to engage in when establishing your company. So in the beginning you must define this activity carefully.
Legal form of the company
There are also a number of legal forms for companies that you must choose from correctly in accordance with the type of activity that you previously chose, and among these forms are the following:
- Civil works company.
- Public joint stock company.
- As well as, Solidarity Company.
- A branch of a local company.
- Branch of a foreign company.
- Simple recommendation company.
- As well as, Private joint stock company.
- Limited Liability Company.
- Civil works company.
Commercial Name
Of course, one of the basic things that we think about when starting to establish a company or any type of business is the trade name that we will use. And according to the laws of the United Arab Emirates, there are some conditions that must meet in this name, including the following:
- First, it must not be identical to any other company. You must choose a distinctive name.
- The legal form of the company must also be written next to the name.
- In addition to choosing a name that is appropriate to the country’s customs, does not conflict with morals, and does not include any official body.
- In addition to not using the word majesty.
- The name must also be fully compatible with the company’s activity.
Obtain initial approval
After completing the previous steps, you must seek initial approval to establish the company. And then begin completing the next steps after ensuring that there is no objection to the establishment.
Memorandum of Association
There are some legal forms that, if you choose any of them. You must submit an approved articles of incorporation to the competent authorities, and these forms are as follows:
- Solidarity Company.
- As well as, Civil works.
- Limited liability.
- Special contribution.
- A Simple recommendation.
- Per person.
- Public contribution.
Company establishment site
In addition to the above steps, you must submit the official documents for your company’s location. In order to prove the existence of a headquarters on the ground. It must also be in compliance with the conditions set by the Department of Economic Development, such as the appropriate space, facilities, etc., which are determined according to the activity in which you wish to work with it.
Obtaining the license
After completing all the steps that we mentioned to you previously in a correct manner, you can go directly to the competent authority and obtain the license that allows you to start working legally.
The cost of establishing a company in Dubai
When you start establishing a new company, you must develop a comprehensive plan that includes a very important item, which is the financial costs. The costs you need in the Emirate of Dubai can be limited to the following:
- The basic costs of establishing the company, which include fees that are paid only once at the beginning and their value varies from one type of company to another.
- Obtaining a commercial license also requires paying some fees, which you must pay at the beginning of establishment.
- This is in addition to the costs of establishing the company, the offices and various facilities that you purchase, in addition to employee salaries.
- In addition to the capital that the company starts operating with, which varies from one type of company to another.
- These are the main cost points but their value varies depending on the type of activity and the size of the company you are starting.
Tasyer company is the best way
As we mentioned to you, the Emirate of Dubai opens its doors to investors in all fields. And the steps for establishing a company in Dubai for foreigners are one of the easiest ways that can be done. As the state provides you with various facilities, which Tasyer company helps you complete in the best and easiest way possible, as it is a company specialized in this field.
