Many business investors search for establishing a company in Dubai: steps and requirements, the Emirate of Dubai has become one of the most distinguished places, as it provides many great facilities to every investor. There are also many advantages that Dubai enjoys, whether strong infrastructure or distinctive technological facilities, which helps businessmen in the success of their projects and their development quickly and continuously. It is also noted that in the recent period Dubai has been known in various parts of the world as the most important places, which has succeeded in attracting a large number of investors to establish commercial companies in various fields.
Establishing a company in Dubai: steps and requirements
Many entrepreneurs seek to establish investment companies due to the ease of procedures.
The government also provides it and makes it different from any other surrounding country, in addition to that strategic location and other factors.
Therefore, starting your business in Dubai or expanding your business by establishing a new company are the most ambitious steps for local and foreign investment.
However, when creating any new project, you must develop an organized plan that contains the necessary steps and requirements to ensure the success of your project.
It is best to seek help from an experienced company to help you in this matter, such as a Tasyeir company that provides many facilities to investors.
Steps for establishing a company in Dubai
The current economic situation of the Emirate of Dubai and its open investment climate are known to many, which made it attract many investors and young people from all over the world.
Everyone seeks for Establishing a company in Dubai: steps and requirements, especially through the many facilities provided by the government to establish large and small companies.
Therefore, Tasyeir Company works to help investors establish a company in Dubai with the necessary steps and requirements and start the business through a large team, which includes experts and consultants with extensive experience and knowledge of the global market.
These basic steps to become an entrepreneur in Dubai are:-
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Determine the company’s field of work
Although Dubai is an open market suitable for all businesses, it is necessary to choose your model in order to make it easier for you to take the next steps.
Whether choosing a location, target customers, or others, Tasyeir can help you understand the project and determine the ideal and most profitable model for you.
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Choosing the appropriate location for the company
One of the first services provided by Tasyeir is that it helps customers choose the appropriate location for the company’s activity.
There are many options available to start your project in Dubai, especially after the government established many free trade zones, amounting to 40 free zones in Dubai.
However, each region has laws and regulations that refer to the emirate’s regulations.
Therefore, the conditions for registering a company are different from one place to another, but Tasyeir company has all the information and solutions you want to know, and it also suggests suitable places for the project according to your capabilities.
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Company registration
This stage is one of the basic steps for launching the project and registering the trademark.
It is also one of the most important steps you can take as an investor in Dubai, which is considered one of the most important tourist destinations in the world.
It is worth noting that registering a company includes choosing a name and obtaining a commercial license
Requirements for establishing a company in Dubai
Establishing a company in Dubai: steps and requirements is an ideal step for every investor who wants to benefit from a distinctive investment environment such as the Emirate of Dubai.
It is considered a global destination for starting your business, because it has easy laws from the government and a strong and developed infrastructure.
It is worth noting that establishing a commercial company in Dubai requires some requirements, which are as follows:
- Local partner, this applies to local companies, as some investors must find a local partner who owns a percentage share.
- Provide an address for the company office.
- Determine the company’s registered capital, which is an amount transferred to the company’s account to start work.
- Determine the business activity, and obtain the necessary licenses and permits to start the activity.
- As well as, adhere to all local laws and regulations in Dubai.
- Providing the necessary documents and information to the competent authorities.
- It must also pass the required examinations and reviews.
- As well as,a work permit for all foreign employees working in the company.
- Obtaining external approvals, through the relevant authorities related to the project.
- Submitting the final documents to the emirate’s Economic Department and issuing a commercial license, and this is what a Tasyeir company does.
Steps to open a commercial register in Dubai
Tasyeir company can complete all the legal procedures that must be done to obtain a commercial register for your new company.
The procedures are as follows:
- Recording company website data to clarify all information related to the parties contributing to the facility.
- As well as, determine the activity.
- Writing company information.
- Determine the type of license appropriate to the company’s activity, whether a professional license, an immediate license, or another.
- As well as, determine the beneficiaries of opening the register.
- Attach the required documents and papers signed by the shareholders.
- As well as, pay the record extraction fees.
Open a bank account in Dubai
In order to be able to establish a company in Dubai, you must have a bank account for the company in Dubai, which is one of the most important procedures necessary for the success of the company, whether in the local or global market.
Any company needs a bank account so that it can easily send and receive money and deal with customers or suppliers.
The corporate bank account also facilitates the tasks of reconciling invoices and periodic financial payment information.
Opening a bank account in Dubai also requires some documents, which are as follows:
- A valid, long-term passport with a personal photo of the investor.
- As well as, residence visa, a copy of the residence visa must be provided to the investor or resident.
- A personal photo, which is one of the bank’s basic requirements for opening a bank account, and the photo must be recent.
- Residence address, banks require a copy of the electricity or telephone bill or a copy of the rental contract.
- Previous bank account, if the investor has a bank account in another country, he must submit a copy of his account and a statement of no less than six months.
- Proof of income, the criteria for this requirement vary from one bank to another.
- Commercial register, the investor needs to submit a copy of the commercial register, which was issued by the Department of Economy in the emirate.
The cost of establishing a company in Dubai
The value of fees for Establishing a company in Dubai: steps and requirements varies according to the type of company and the location in which the investor chooses to start work.
These are examples of some fees:
- The cost of a commercial activity permit. These fees differ depending on the type of activity that the investor wishes to practice.
- As well as, license fees vary according to the type and activity of the company.
- In addition, the cost of establishing a company varies between the size of the business, the type of company, and the place the investor chooses to start his activity.
- In addition to the cost of legal advice, this is because legal advice may often require fees that depend on the type of company and the service provided.
These fees are general estimates that vary according to the status of each company and the emirate in which an investor wishes to establish his company, but it is important to obtain an accurate estimate of all fees and costs, through a specialized company or legal consulting office.
Why should you contact the Tasyeir company?
If you are a business investor or an entrepreneur and want to take your first steps to achieve unlimited dreams, then Dubai is a distinguished starting point. Also, if you are already the owner of a business in Dubai and want to start other businesses, Tasyeir Company encourages you and advances your investment plan by having a large group of competent and credible experts, to implement everything you have in mind regarding your business project in a way that suits the local and global market. In addition, Tasyeir helps the company complete all the procedures and costs necessary to successfully establish a company in Dubai, and get advantages of opening a company in Dubai.
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