{"id":26333,"date":"2023-07-17T12:06:04","date_gmt":"2023-07-17T12:06:04","guid":{"rendered":"https:\/\/itqans.com\/establishing-a-contracting-company-in-dubai\/"},"modified":"2022-09-23T12:06:04","modified_gmt":"2022-09-23T12:06:04","slug":"establishing-a-contracting-company-in-dubai","status":"publish","type":"post","link":"https:\/\/itqans.com\/en\/establishing-a-contracting-company-in-dubai\/","title":{"rendered":"Establishing a contracting company in Dubai"},"content":{"rendered":"
Establishing a contracting company in Dubai, Dubai is a city rich in resources and factors that encourage investors to invest in several areas active in the city, including real estate investment. <\/p>\n <\/p>\n Government authorities in Dubai provide all support to investors to facilitate the process of establishing a contracting company in Dubai through the following support points:<\/span><\/p>\n <\/p>\n <\/p>\n The first step in establishing a contracting company in Dubai is to determine the nature of the company’s activity, which is an important step on the basis of which the rest of the steps and procedures are determined.<\/span><\/p>\n <\/p>\n The second step in establishing a contracting company in Dubai is choosing the trade name for the contracting company. This is because the company\u2019s trade name is what distinguishes a commercial license from another trade license, and the trade name is registered with the Department of Economic Development in Dubai. The regulations and laws stipulate conditions for choosing the trade name of the contracting company as follows: <\/span><\/p>\n The third step in establishing a contracting company in Dubai is determining the legal form that expresses the contracting company. There is a condition for determining the legal form of the company, which is that it is compatible with the company\u2019s activity, as the legal form of the company determines the laws under which the contracting company will operate in Dubai. There are many legal forms for companies as follows: <\/span><\/p>\n <\/p>\n The fourth step to establishing a contracting company in Dubai is to obtain the initial approval from the competent authorities after selecting a trade name, determining the activity in which the company will operate, and determining the legal form.<\/span><\/p>\n <\/p>\n The fifth step to establishing a contracting company in Dubai is to sign the Memorandum of Association and often requires the conclusion of a local service agent or company agent agreement according to the legal form of the company. For these legal forms:<\/span><\/p>\n <\/p>\n The sixth step to establishing a contracting company in Dubai is choosing a business location for a company through purchase or rent. One of the conditions of the regulations is to submit a contract notarized by the Real Estate Regulatory Authority in Dubai.<\/span><\/p>\n <\/p>\n The seventh step for establishing a contracting company in Dubai is to obtain additional approvals, because some activities require obtaining additional approvals from the authorities concerned with the nature of the establishment. Such as: <\/span><\/p>\n <\/p>\n The eighth step to establishing a contracting company in Dubai is obtaining the trade license that will be used after paying all the fees related to the license and then receiving it from the service centers in Dubai to start officially flagging and registering with the UAE Chamber of Commerce as a member.<\/span><\/p>\n
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\n<\/span>The government also supports contracting companies with all modern facilities and continuously developing infrastructure, office services, electronic support means, and other facilities and regulations that regulate the process of establishing a contracting company in Dubai.
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\n<\/span>In the following lines, we discuss ways of government support for contracting companies and the advantages that the investor obtains when establishing a contracting company in Dubai, in addition to the steps and some important tips before entering the market.<\/span><\/p>\n
\n<\/span>Advantages of establishing a contracting company in Dubai<\/h2>\n\n
Steps to establish a contracting company in Dubai<\/h2>\n
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