If you intend to establish a business in any country in the world, you should be aware that this stage may be very difficult, as the documents required to establish a company in Dubai, the laws and conditions are likely to differ from those in any other country and therefore, if you consider yourself an entrepreneur Ambitious and want to establish a company in Dubai without any delay, we recommend that you contact Tasyeir business company, as it is the most important company in the field of business and clearing documents and papers.
Documents required to establish a company in Dubai
To open a company in Dubai, you must provide all the required documents and papers. And you must consult a company specialized in the field of administrative services to give you the best advice. Such as a Tasyeir business company that provides you with an accurate list and updates about the current legal requirements:
- First, you obtain the company registration form provided. This form contains a lot of information about the type of company and its activity.
- A copy of a valid passport must also provide to the main shareholders and directors of the company.
- You may be asked to submit a financial stability certificate proving your ability to establish and manage the company. This may also require submitting a financial report or bank balance.
- If there is a partnership between a number of people. You will need a partners agreement that sets out the rights.
- As well as, a valid lease contract must provide at the location of the company’s establishment.
- Many types of companies in Dubai need a location permit that specifies the company’s location and activity.
- A supporting letter may requir from a person or entity confirming the company’s credibility. And its ability to adhere to its financial and business obligations.
Conditions for establishing a company in Dubai for foreigners
After learning about the documents required to establish a company in Dubai. We learn about the conditions for establishing a company for foreigners. As it has become an exciting destination for entrepreneurs thanks to its investment privileges and its ability to complete commercial, industrial, service and other projects.
To ensure the success of the investment process in a correct and legal manner that guarantees the rights of all parties, establishing a company in Dubai for foreigners requires following a set of legal steps:
- Choose a commercial name that expresses the nature of the company’s activity and complies with the following conditions. It must not contain extraneous expressions or violate public taste, and it must not be similar to the names of government agencies or other companies, and it must not contain any of the most beautiful names of Allah.
- As well as, UAE work visa is required to invest and establish a business in Dubai.
- After that, the commercial license is received according to the type of business activity chosen, all fees related to it paid. And then registration must be made with the Emirates Chamber of Commerce.
- As well as, all documents required to establish a company in Dubai must be completed.
- The appropriate area in which the company will be established must be determined. And this area must be appropriate to the nature of the activity that the company will carry out.
- As well as, establishing a company requires a team of employees and workers available at the company’s headquarters in Dubai.
Advantages of opening a company in Dubai
Free zones in Dubai distinguished by providing great services and multiple advantages that facilitate and simplify work for investors. In addition, they provide many facilities to allow them to carry out their business with ease and comfort.
The investor or company owner obtains complete individual ownership without having to search for an Emirati partner to enable him to conduct his business. This means that he can benefit from all the benefits and rights of ownership without restrictions.
The documents required to establish a company in Dubai are simple and any investor can obtain them from Tasyeir business company.
In addition, the investor has access to many distinct and quick procedures for construction work and obtaining the required licenses. This helps speed up the construction and development processes and saves money, time and effort for the investor.
It provides exemptions from value-added taxes that mainly imposed on import and export operations. This means that the investor can save additional costs and increase his profit.
Also, free zones allow the investor to transfer his company’s capital outside the country easily and quickly, without the need for complicated procedures.
The cost of establishing a company in Dubai is suitable for all economic groups. And this encourages investors with limited resources to take advantage of available business opportunities and achieve their business goals.
How much does it cost to start a company in Dubai?
The documents required to establish a company in Dubai and the costs of setting up vary depending on a variety of factors. These factors include the type of company to be established, the business activities chosen, location and legal requirements. Below is a list of some of the costs to consider:
- The cost of the commercial license is paid annually after the license expires. And the costs of the commercial license range between 1,000 AED and 50,000 AED.
- As well as, the costs of obtaining the company’s address. And these fees are similar to other companies.
- The cost of obtaining a special license ranges between 500 and 600 UAE dirhams and varies according to the type of project.
- As well as, the costs of obtaining services from an accredited office are estimated.
- For office space, renting or purchasing office space is an essential step in setting up a company in Dubai. And is an essential element in calculating the cost of setting up a company in Dubai for foreigners.
- As well as, capital: It varies depending on the way the company established in Dubai, its needs. And the type of economic activity in which the company will operate.
- As for market entry fees, they include entry fees to local markets that are subject to local law, amounting to 5% of the value of the company’s lease contract.
- The investor’s residence expenses in Dubai are estimated at approximately 5% of the value of the housing contract.
The documents required to establish a company in Dubai are easy and available. As Dubai provides distinguished services and many advantages that facilitate and simplify work for investors, through exemption from value-added taxes. Therefore, Dubai has become a first-class investment country in the Arab world and globally. You can also seek help from Tasyeir business company that characterized by speed in completion of paper extraction and accuracy in implementation.
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