Starting to establish an investment project requires knowing the conditions for establishing a company in Dubai for foreigners, which is the first way to invest and make money, as the Emirate of Dubai is one of the best regions that opens its doors to investors from all over the world. It is called the city of dreams because of its characteristics that make it the largest city with a high average per capita income. It is also one of the areas that attract investors due to its development in many fields, in addition to its use of the latest international methods to open new horizons for investment. Dubai also has commercial areas. There are many advantages and disadvantages that make investing in it an important step for promising young people and investors from anywhere in the world
Conditions for establishing a company in Dubai for foreigners
In a short time, the city of Dubai has become a destination for every local or foreign investor, due to the multiple investment privileges it provides and support for all types of activities, whether commercial, service, or industrial.
Taking into account the regulations for establishing companies and businesses in the city of Dubai.
It requires some controls and legal steps for foreign investment, in order for the investment process to take place in an orderly manner in accordance with legal principles to ensure the rights and duties of all parties.
The conditions for establishing a company in Dubai for foreigners, as stated by the Department of Economic Development and the competent authorities in the Emirates, are as follows:
- Choose the name and type of company.
- Determine the type of main activity of the company, where the investor must choose the company’s activity and then register to issue the appropriate licenses for the business.
- Registering the company with the Authority of Commerce and Industry and the Ministry of Economy is one of the most important conditions for establishing a company in Dubai for foreigners.
- Issuing business licenses, as any investor must issue the necessary permits to operate, according to the nature of the company’s activity.
- Opening a bank account in a local bank is the final stage of establishing a company in Dubai
Advantages of opening a company in Dubai for foreigners
Investing in Dubai is an option that has many advantages, as it is an attractive commercial area for local and international investment, and it also represents one of the largest economic places in the Middle East.
In a short time, it has become a beacon for all those looking for a unique investment to raise money, and there are several advantages of opening a company in Dubai which important for many investors:
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Complete tax exemption:
Dubai is characterized by reduced taxes, and complete exemption from income and value added tax in some sectors, which makes it attractive to investors.
- The investor does not need to be in Dubai to establish his company:
you can establish the company in record time, quickly, and from anywhere.
- Exemption from import and export duties:
Dubai does not apply any taxes or duties on import or export.
- Fast licensing system:
Business in Dubai is characterized by efficiency and speed when issuing the necessary permits for investment.
- Full foreign ownership:
Investing in Dubai allows 100% foreign ownership without the need for a local partner or sponsor.
- A distinct geographical location:
Dubai has a presence on three continents, Asia, Africa and Europe, and is therefore considered an international commercial center
The cost of establishing a company in Dubai for foreigners
Costs are also an important factor, such as the conditions for establishing a company in Dubai for foreigners, and the calculation of fees depends on many factors.
Since this calculation process is variable according to the activity that the investor chooses and wants to invest in,
One of the factors that determine the cost is the choice of the company’s location.
And the requirements of the place where it is located.
As this plays an important role in determining the necessary fees.
The costs of establishing a company in Dubai for foreigners can be determined through some consumable items, which are:
- The price of the land on which your new company will be established, or the rental amount for the location chosen for the project.
- As well as, paying the costs of a permanent license or an immediate license.
- Commercial registration costs.
- Construct a study of the company to determine some of the things it needs during the establishment stage, whether the average capital or the expenses required by the project.
- Paying government dues to the concerned authorities during the issuance of permits and carrying out establishment procedures.
- Payment of due expenses in accordance with UAE law, whether residence fees or any new additional costs
Tips for the success of your company in Dubai
If you want to know the conditions for establishing a business company in Dubai for foreigners.
These tips will bring you high profits:
- Always use a company that is specialized, such as a Tasyeir company that specializes in establishing companies and providing administrative services, and that starts with you step by step in the right ways.
- Pay close attention to a comprehensive feasibility study for your project, so that you can proceed on a regular basis.
- As well as you don’t put all your money into one project.
- You don’t borrow money until you start your new business.
- Create an alternative plan to your basic plan, so that you can resort to it when facing difficulty
Steps for issuing a residence permit
The procedures necessary to obtain a residence permit through the Federal Identity Authority are one of the most important conditions for establishing a company in Dubai for foreigners.
And this is done through these steps:
- Fill out an application form for residency.
- Attach the required documents, which include a passport, a copy of the visa, and a copy of the commercial license.
- As well as acopy of the partnership agreement if you are partnering with a local investor.
- As well as, you pay permit fees.
- Approval of the permit, which may take days or weeks, depending on the status and requirements of the application.
- Receive the permit, which contains personal information and a number.
It is worth noting that Tasyeir Company performs these steps for you, and makes many things easier for you to establish a company in Dubai and registering a company in Dubai.
Properties Invest in Dubai
There are a group of characteristics and privileges that you get while investing in Dubai, including the following:-
- It provides you with security clearances.
- As well as, quickly reserve the commercial name for your company.
- Opening a bank account for the company.
- As well as, issuing commercial and industrial licenses.
- Completion of all residency and identity procedures.
- As well as, facilitating the work of virtual contracts.
Tasyeir company is the perfect step towards success
If you are looking for a company that provides you with all the necessary privileges and services, and acquaints you with the conditions for establishing a company in Dubai for foreigners.
We advise you to deal with Tasyeir company for establishing companies, as no matter what your financial ability is?
You can start your project, provide services or activity in Dubai, and make more money.
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