In order to be able to establish and open your own company in Emirates City, there are some conditions that you must fulfill. In the lines of this article, we will talk about the conditions for opening a company in the Emirates for the year 2024, in addition to some important information about this topic. Continue reading with us to know more details.
Conditions for opening a company in the Emirates
The conditions for opening a company in the UAE generally vary depending on the nature of the company’s work. But in general, here are the most important general conditions for establishing any company in the Emirates:
- First, determine the type of activity in which the company wants to work.
- Secondly, a feasibility study for this company’s project, in addition to good planning for the company before implementing it.
- The third condition is to find a suitable strategic location for the company before starting it. This is because the company’s website contributes greatly to its success.
- Fourth, selecting a suitable work team for the company, that is, selecting people with appropriate experience within the scope and nature of the company’s work.
- The next condition is to complete all paperwork for establishing the company, i.e. the procedures, papers and documents required in order to open a company in the UAE.
- Sixth, obtaining the commercial license for the business or company.
- The last condition is that you take advice from experts and specialists in this field. Because these tips can help greatly before starting work in Dubai.
Opening a company in the Emirates in the free zone
If you want to establish your own company in the free zone in the Emirates, here are the most important conditions necessary in this case:
- Submit all necessary papers and documents to the competent administration in the region. These documents must include a customs declaration for imports of goods that is prepared by the General Authority for Investment. This is in addition to the invoices and packaging statement as well.
- Submit an original declaration stating that the company operates under the free zone system. And that all imported goods are of the necessary types and licensed for commercial activity in the region.
- Finalizing all customs procedures for the company and the goods, in addition to requesting customs dispatch.
- Determine the type and nature of the company’s activity, in addition to the entities associated with it and its legal form.
- Choose a trade name that is appropriate for the company and the nature of its work.
Opening a sole proprietorship company in the UAE
If you want to establish a sole proprietorship in the Emirates, these are the most important conditions in this case:
- Obtaining the company’s initial approval.
- Preparing the papers and documents of the individual company, which must include an original copy of the passport.
- Secure the authorization letter and authorization card, as well as a new company information form and signature form.
- Obtain a certified commercial agency, which can be secured from the UAE embassy.
- Securing important signatures for the company, such as signing the services contract, the company’s articles of incorporation, and the articles of incorporation.
- Fill out the declaration form completely, obtain the UAE permit, and secure photographs.
- Signing the residence visa application, signing a letter of commitment and a letter of acknowledgment.
Conditions for opening a contracting company in Dubai
If you want to open a contracting company in the Emirates, these are the most important conditions in this case:
- Choose the company’s trade name appropriately, and register this name officially with the competent authorities.
- Choosing a suitable location for the company’s work, as this condition is considered one of the most important conditions for opening a contracting company in the Emirates.
- Getting the company’s commercial license as soon as possible, so that the company can operate within the UAE immediately.
- Getting additional approvals for contracting companies, such as the approvals of the Water and Electricity Authority, the approval of the Building Department in the Emirates, and others as well.
Steps to open a company in Dubai
The steps for establishing or establishing a company in Dubai vary slightly depending on the founding person and the nature of the company’s work in general. These steps also differ for Emirati and foreign people. For foreign citizens, the most important steps for opening a company in Dubai are as follows:
- Determining the nature of the company’s work: that is, selecting the nature of the economic work of this company. Note that the UAE allows foreigners to practice some specific professions, and prevents them from practicing some professions as well.
- Company ownership: Foreign persons cannot own 100% of companies in the Emirates, unless this company is established in the free zone in the country.
- Determine the legal form of the company: This legal structure depends on the location of the company in general, in addition to the nature and type of its work as well.
- Validity of capital: This step is not required for all companies established in Dubai, but for some companies they may be required to determine their own minimum capital.
- Choosing the company’s location: The company’s location greatly affects the extent of its success in the future, and the location must be chosen according to the nature of the company’s work.
Tdabeer company is always there for you
Tdabeer Company is ready to be with you in every step of establishing your business in the Emirates. Register with us and join our customer list and accelerate your journey of success in the Emirates.
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