The Emirate of Dubai has a great reputation as one of the most prominent global destinations that attract foreign investments, as it provides a distinguished work environment and a stimulating investment climate for international investors from all over the world, therefore, many would like to know the procedures for opening a company in Dubai for foreigners, as the relevant authorities in the emirate were keen to create the conditions Ideal for attracting foreign capital and encouraging entrepreneurs to establish their commercial projects on its territory. Therefore, Dubai launched a package of exceptional facilities and incentives for foreign investors, including simplifying the legal procedures for establishing companies, providing a suitable environment, in addition to giving them complete freedom to own assets and own ownership shares. Complete in commercial establishments established on the emirate’s lands.
Opening a company in Dubai for foreigners
The Emirate of Dubai has become a pivotal destination for entrepreneurs and investors. As it is characterized by a distinguished investment environment that supports various economic initiatives. In this context, the relevant authorities have given the utmost importance to facilitating the procedures for establishing commercial establishments on its lands.
To achieve this goal, the emirate has established many free zones. That allow investors to engage in any legitimate economic activity. In addition to granting them a package of privileges. Thanks to this ambitious vision, Dubai has succeeded, within a short period. In attracting thousands of commercial projects of various sizes and sectors.
To ensure that the establishment processes proceed smoothly in accordance with the applicable legal frameworks. The competent authorities in Dubai have identified a set of procedural steps that must be followed. The most prominent of which are the following:
Activity definition stage
The stage of determining the scope of the commercial project is considered one of the most important steps. That the investor must take before starting the establishment procedures. As no entrepreneur can begin the process of establishing his facility without determining the path. That his company wants to follow and choosing the economic field in which it would like to engage.
Specialized consulting companies in Dubai, such as Tasyeiir Company, provide the necessary support. And guidance to investors to help them choose the business activity that best suits their abilities and skills, and this step is of great importance.
Because the type of activity is specified and clarified in the company’s official papers and documents. Therefore any subsequent amendment or change in the nature of the work requires making similar amendments to these papers.
Choose a company name
The process of choosing the appropriate name for the company to be established in Dubai is one of the most important stages. As the specific name represents a milestone that helps the establishment’s commercial identity spread faster. And to ensure the safety of this process.
The relevant authorities in the emirate have determined a set of standards. And controls that must be taken into account when choosing the name for the company, the most prominent of which are:
- The name should be free of any words or expressions that are contrary to public taste and prevailing public morals.
- It does not include any of the Most Beautiful Names or Attributes of God Almighty.
- As well as, the name must be brief and does not indicate any political or party affiliation or orientation.
- The name is not similar or identical to any existing company or institution. Whether affiliated with the public or private sector. This represents one of the most important conditions for opening a company in Dubai for foreigners.
Choose the location of the company
It is indispensable to determine a main headquarters for the commercial establishment to be established. As choosing the appropriate location is one of the basic requirements for establishing any successful project.
Therefore, entrepreneurs must choose the appropriate location. That suits the nature of the economic activity in which their company intends to engage.
The establishment process requires the formation of a qualified and integrated work team. Whether small or large, commensurate with the size of the facility and its future growth expectations.
The details of this team and its organizational structure must document in the official papers. And documents that the company will submit when applying to obtain the necessary licenses to carry out its activities.
Issuing licenses
The stage of obtaining the necessary licenses is considered one of the most important. And indispensable steps in the process of establishing commercial establishments in the Emirate of Dubai. As these official approvals represent the guarantee of working in accordance with the regulations and laws in force in the Emirate.
The concerned authorities have confirmed that no foreign investor or citizen will be allowed to establish any project on its lands without obtaining these previously required licenses.
The competent authorities have also set specific fees that project owners must pay in exchange for obtaining these licenses. The value of which varies depending on the nature of the facility’s economic activity and the circumstances surrounding it.
Tasyeiir company in Dubai provides its services to investors to facilitate all procedures related to establishing their companies. Including obtaining the necessary licenses, as they can complete all these stages within only three days and at the lowest possible costs.
Create a bank account
One of the basic requirements for establishing any commercial facility in the Emirate of Dubai is for the investor to open a bank account for the new company. As this step represents the legal mechanism that allows the facility to receive. And carry out all financial transactions and cash transfers related to its commercial activities in an official and legitimate manner.
This task is one of the easy stages that specialized consulting companies in Dubai can provide the necessary support to investors to accomplish. As all that is required is providing the concerned banks with the official documents and papers of the company to be established.
By using the distinguished services of Tasyeiir Company, entrepreneurs are guaranteed to receive the necessary assistance. And guidance to complete all banking procedures easily and conveniently, which contributes to accelerating the pace of the establishment process. In accordance with the regulations and laws in force in the Emirate of Dubai.
Official papers for opening a company in Dubai for foreigners
The official authorities in the Emirate of Dubai require the submission of a set of documents. The investor wishing to establish a company must provide the relevant authorities with the following:
- A recent photo of him with a white background.
- As well as copy of his valid passport.
- An original copy and a photocopy of the incorporation document of the company to be established.
- A copy of the establishment’s registration card in the Emirate of Dubai.
- The investor must have a valid commercial license.
- As well as, submit a bank statement for the facility covering the last three months.
- If there are other partners, it is necessary to attach a list of their names.
Cost of establishing a company in Dubai
The costs associated with opening a company in Dubai for foreigners vary depending on its size and the type of activity it undertakes. Aspects to consider:
- The cost of renting a site to establish the company.
- Recruitment and labor costs.
- Fees and costs related to obtaining the necessary licenses and permits from local authorities.
- Costs of purchasing equipment and tools needed for the company’s headquarters.
- In our company, Tasyeiir company, we offer a low cost to support entrepreneurs in taking their first steps towards establishing their own companies.
Your ideal destination Tasyeiir company
Tasyeiir company is your ideal choice if you want to complete any procedures related to establishing any project in Dubai legally. Thanks to the team it has that is fully aware of everything that happens in the emirate. If you want to establish your own business there, you should use it.
And here we have reached the end of our article about everything you need to know about opening a company in Dubai for foreigners. You can save a lot of time and effort by using the services of Tasyeiir company, at a very low cost and in the shortest possible time.
You can also follow us on Tasyeiir Company’s social networking sites to benefit from and obtain administrative services:
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