13 May Establishing a company in Dubai easily and in simple steps
Establishing a company in Dubai is a goal pursued by many investors and entrepreneurs from all over the world. This is due to Dubai’s exceptional infrastructure and business centers with international standards. In addition, the advantages and facilities it offers in order to encourage investment, Building an exceptional business environment that provides unlimited opportunities and opens wide horizons for development and innovation.
Moreover, it recently removed the requirement of a local partner to establish a company in Dubai , and provided foreigners with the opportunity to own 100%. In addition to the many, many advantages and facilities that the investor gets when investing in Dubai , all of which you will learn about in this article.
However, get to know us first about the steps and procedures that must be followed
Steps and procedures
There are some steps and procedures that must be completed when establishing a company in Dubai
- Determine the nature of the activity
- Determine the legal form
- Trade name registration
- Application for initial approval
- Memorandum of Association and local service agent agreement
- Choose the location or address of the business
- Obtaining additional government approvals
- Submission of documents and payment of fees
Advantages of establishing a company in Dubai
In the same context, learn about the most important advantages that the investor gets in Dubai
- 100% exemption from import and export taxes to and from the UAE
- Enjoy 100% of the profits
- Normally 100% transfer of capital and profits abroad.
- 100% exemption from import and export duties
- No tax on corporate gains or personal income in most cases
- No restrictions on the use of currency
- Low cost of operations
- Pre-built offices, factories and warehouses
Costs of setting up a company in Dubai
The incorporation costs are distributed over several stages, as there are many fees and costs that incur the investor during the incorporation stages, get to know them with us…
- Trade license fees.
- Rent/buy a company headquarters.
- Work permits and employee visas.
- Opening a bank account in a bank in the name of the company and depositing the minimum capital.
- The company’s activity in the sense that it is commercial, industrial or professional. Where each license differs from the other
Incorporation of a company in the free zone
Likewise, the United Arab Emirates is distinguished for being the pioneer in free zones and pioneering business infrastructure, as today it includes more than 50 free zones that differ according to the activity that you wish to engage in. It also offers a lot of facilities, such as full foreign ownership, with distinguished infrastructure and business centers that meet various business requirements, in addition to many other advantages that free zones provide to investors and entrepreneurs.
In short, Dubai is the ideal place for investment and the establishment of companies, due to the facilities granted by the state to encourage the field of investment. aiming to raise the level of the UAE economy, The UAE is considered a fertile land for investment of all kinds.
In the end, when you have made your decision and intend to start, you can seek the help of Itqan company to set up companies in Dubai, where itqan experts undertake the task of completing all procedures on your behalf.