The Jebel Ali area in Dubai is considered one of the most attractive places for investors in Dubai. This is because it is considered a large area and can be used for various types of investment. If you want to know about Establishing a company in Jebel Ali and the necessary conditions, documents, and costs, all you have to do is continue reading with us to learn about these details.
Stages of establishing a company in Jebel Ali
In order to be able to properly establish a company in Jebel Ali, you must follow the following steps:
1- Determine the nature of the company’s work
The UAE law stipulates that companies of all types must determine the nature of their activity before operating. For this reason, this is considered the first step in establishing any company in Dubai.
2- Determine the legal form
After determining the nature of the company’s work, you must determine its legal form. The company can be one of the following forms:
- Solidarity Company.
- Public joint stock companies.
- Civil works company.
- Limited liability companies.
- Private joint stock company.
3- Choose a trade name
After performing the previous steps, you must choose the trade name for your company. This name must fulfill some of the conditions found in UAE law, in addition to that it must be compatible with the nature of the company’s work as well.
4- Obtaining the initial approval
This approval is obtained from the authorities concerned with the company’s commercial activity. In general, this approval can be obtained after performing the previous steps legally correctly.
5- Articles of Association
The articles of incorporation are completed after selecting the appropriate geographical location to establish the company. This contract is concluded between the owner of the company and the competent authorities in its area of residence, that is, in the Jebel Ali region.
6- Additional approvals
For some types of companies, they require obtaining more approvals, in addition to the initial approval to establish the company in the Jebel Ali region. These approvals may be approvals from some designated authorities in the UAE, such as the Ministry of Electricity and Water and others.
7- Commercial activity license
This license is obtained after completely implementing the previous steps, and then the company owner must register with the Chamber of Commerce as a member. The process of obtaining a business license is the final step in establishing a company in the Jebel Ali area of Dubai.
The cost of Establishing a company in Jebel Ali
As for the costs necessary to establish a company in the Jebel Ali region, they are as follows:
- Costs necessary to obtain the company’s commercial license.
- The expenses necessary to establish a bank account for the company, in addition to the minimum amount that the company owner must deposit in this account.
- Costs of obtaining work permits, in addition to visas for company employees.
- Office expenses for the company and the work team, such as purchase or rental expenses and equipment expenses.
- In addition to some additional costs and expenses that the company may have to pay (depending on the nature of the company’s work).
Necessary Documents for Establishing a company in Jebel Ali
As for the most important documents needed to establish a company in the Jebel Ali region, these documents are:
- Registration application forms: These forms contain important basic information about the company and its activity.
- The company’s financial records: This includes the company’s financial accounts and budgets.
- Lease or ownership contracts: You must provide a copy of the lease or ownership contract for the company’s area of residence.
- Registration fees: That is, paying all fees for registering the private company to the competent authorities in the region.
- Photos of the work team’s IDs: The company owner must provide photos of the IDs of all partners, managers, and shareholders in the company, in addition to their names and addresses.
- Business plan of the company: Some types of companies may need to submit their own business plan and not for all types of companies.
- Some additional documents: Depending on the nature of the company’s work, the company owner may be required to submit some additional documents as well.
Is Jebel Ali considered a good area for investment?
The Jebel Ali area in Dubai is considered one of the largest ports in the world, and therefore it is considered a strategic and excellent area for many different types of investment. In addition, this area is considered a free zone in Dubai, meaning it is completely tax-free. For this reason, Jebel Ali is considered one of the best places to invest in Dubai.
Tdabeer company is with you in every step
If you are looking for a reliable party to carry out all the steps of establishing your company in Dubai, Tdabeer Company is ready to provide its services to make things easier for you. We would love for you to contact us and be added to our client list.
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