Dubai is currently considered one of the best Arab and international destinations for investment business. This is due to the great diversity of investment opportunities in it, and because of the many facilities it provides to Arab and foreign investors. During the lines of this article, we will talk about all the important information about establishing a company in Dubai for foreigners, conditions, steps, etc. Continue reading with us to know more details about this topic.
Conditions for establishing a company in Dubai for foreigners
In order to be able to establish a new company in Dubai (for a foreign investor), you must follow the following conditions:
- The first step is to choose the appropriate business name for this company.
- Obtaining a visa to work in the UAE.
- Obtaining a commercial license and paying the fees.
- Register as a member through the Chamber of Commerce.
- Work on completing all documents required to establish the company.
- Choose a suitable location for the company to be established. This location must be chosen carefully and be compatible with the company’s activity.
- Start gathering your team.
- Determine the appropriate capital for the company, and deposit the minimum capital in a bank.
Steps to establish a company in Dubai for foreigners
As for the steps for establishing the company, they are as follows:
- The first step is to accurately determine the nature of this company’s economic activity.
- Drawing the legal form of the company, among the forms available in the UAE.
- Choosing the appropriate trade name for the company, in accordance with the nature of its work and the conditions for choosing the name.
- Securing all necessary additional approvals and obtaining initial approval.
- Obtaining a commercial license based on the documents requested.
Legal forms of companies in the Emirates
As for the types of legal forms for companies in the Emirates, they are as follows:
- holding company.
- Public contribution.
- Special contribution.
- Foreign branch.
- Commercial representation.
- Solidarity Company.
- civil works.
Conditions for choosing a trade name
The process of choosing the appropriate trade name for companies in Dubai or the UAE relates to several factors. The most important of these conditions is that the name be compatible with the nature of the business the company is expected to carry out. In addition, one must avoid pre-existing trade names, in addition to the beautiful names of God, words that are offensive to people or religions, and others.
Economic activities in the UAE and Dubai
There are many different economic activities that can be undertaken by foreign investors in Dubai. In fact, there are more than 2,000 different economic activities available to these investors. On the other hand, there are some activities that should be avoided, as the UAE prohibits foreign investors from working in them. The most important of these activities are mining, oil, and others. For this reason, every investor must identify the activities available to him, and the activities in which he cannot work.
Tadabeer Company is your partner in success
Tadabber Company seeks to support Arab and foreign investors in Dubai and the Emirates. This is because it provides a wide range of different services, including implementing all necessary procedures to open companies in Dubai and the Emirates. In addition to obtaining commercial licenses, opening commercial accounts, bank accounts, consulting services, and many more. Contact us through the following links to benefit from our services or for any question or inquiry regarding the subject of this article.
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