Contents
- Advantages of investing in Dubai
- Conditions for establishing a company in Dubai for foreigners
- 1. Determine the type of economic activity of the company
- 2: Legal form of the company
- 3: Selecting and registering the company’s trade name
- 4: Initial approval
- 5: Procedure for the establishment contract
- 6- Additional Licenses
- 7: Obtaining a commercial license
- Activities permitted for foreigners in Dubai
- Prohibited Activities for Foreigners in Dubai
- Advantages of establishing a company in Dubai for foreigners
- Tdabeer Company. Your guide to establishing a company in Dubai
Because Dubai has a distinct and strategic geographical location, many people resort to investing in this city. In today’s article, we will talk about the conditions for establishing a company in Dubai for foreigners, in addition to some important details about this topic. Continue reading with us if you want to know more details.
Advantages of investing in Dubai
The city of Dubai and the UAE provide many facilities for foreigners to establish companies within it. The most prominent of these facilities is the complete exemption from taxes on imports and exports to and from the UAE.
In addition, the city of Dubai is currently considered one of the most successful cities in terms of economy, trade, and industry. For this reason, many people invest in Dubai and establish companies in it.
In addition to the above, and thanks to the city’s strategic location, it provides you with many different opportunities for the businesses available within it.
Conditions for establishing a company in Dubai for foreigners
Here are the necessary steps to establish a company in Dubai for foreigners:
1. Determine the type of economic activity of the company
The UAE provides more than 2,000 economic activities that a foreign investor can work in. It is also worth noting here that a single economic license can include more than one economic activity.
Determining the type of activity or type of business of the company is also one of the most important conditions for establishing a company in Dubai for foreigners.
2: Legal form of the company
There are 13 types of companies allowed to be established in the Emirates. As a foreigner, you must determine the legal form of your company before establishing it.
3: Selecting and registering the company’s trade name
As is the case with determining the economic activity, selecting and registering the company’s trade name is one of the most prominent and important conditions for establishing a company in Dubai for foreigners.
4: Initial approval
After implementing the steps mentioned above, you must obtain initial approval. This is in order to be able to complete the following steps to establish a company in Dubai.
5: Procedure for the establishment contract
One of the conditions for establishing a company in Dubai for foreigners is the establishment contract. You must complete its procedures, and this step may differ slightly for companies within Dubai, depending on the type of company and its economic activity. It is worth noting here that the company’s location is chosen after concluding this contract or shortly before it.
6- Additional Licenses
Some types of companies may be required to obtain some additional licenses before obtaining a commercial license. The most prominent of these licenses are those of the Ministry of Economy, the Ministry of Justice, and others.
7: Obtaining a commercial license
Finally, after completing the previous steps, the investor can obtain his own commercial license.
Does establishing a company in Dubai for foreigners require an Emirati partner?
One of the conditions of the UAE Investment Authority is the presence of a partner holding Emirati citizenship for any foreign person wishing to establish a company in Dubai, or to seek assistance from approved service offices. Note that the presence of a partner is exempt for some specific activities, including accounting, legal, and other activities.
Activities permitted for foreigners in Dubai
There are some activities that the UAE Investment Authority allows foreigners to practice within the country. Among these activities are:
- Trade and ownership of real estate within Dubai in general.
- Air transportation of various types.
- Working in providing consulting to companies within the UAE.
Prohibited Activities for Foreigners in Dubai
There are some activities that a foreigner cannot practice within the Emirates. The most important of these activities are:
- Any activity related to mining or investment in mining, which may include oil, gold, minerals, etc.
- Establishing or managing advertising agencies within the UAE or providing consulting to these agencies.
- Any activity or work related to the field of aviation within the country, or buying and selling shares of UAE airlines.
Advantages of establishing a company in Dubai for foreigners
Establishing a company in Dubai for foreigners through Itqan Company provides a set of unique advantages that make it an ideal destination for business, the most prominent of which are the following:
- A distinctive geographical location: Dubai is located in the heart of the Middle East, making it a vital center for global business and trade. The city also attracts international companies and regional offices, which enhances opportunities for cooperation and growth at the global level.
- An advanced business environment: Dubai provides an attractive investment climate supported by legislation that supports innovation and growth, a transparent legal system, and effective government institutions that facilitate doing business.
- A diversified and thriving economy: Dubai’s economy is characterized by diversity, as it includes sectors such as trade, tourism, real estate, and financial services, which creates great opportunities for expansion into promising markets.
- World-class infrastructure: Dubai provides advanced facilities, including international airports, seaports, and a modern financial system, which enhances the ease of international trade and transportation.
- Political and security stability: Dubai enjoys a high degree of stability, which ensures a safe and suitable environment for investment and business growth.
- Tax exemptions: There are no personal income or value-added taxes in most sectors, allowing companies to make higher profits and enhance their financial sustainability.
Tdabeer Company. Your guide to establishing a company in Dubai
Contact us so that we can establish a company for you in Dubai, which will ensure the smoothest possible work flow, in addition to years of experience in this field. Tdabeer Company is your path to success.
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