One of the increasingly common desires among investors is establishing a company in Dubai without a sponsor or partner, this is due to the highly favorable economic characteristics and features of Dubai. Now, it’s possible for foreigners to set up their own businesses in Dubai, following some amendments to the relevant laws.
In the past, this wasn’t an option, and foreign investors had to involve a UAE citizen as a sponsor. Today, investors can enjoy several advantages similar to those of UAE citizens, and the business opportunities are diverse. Individuals can access all the necessary facilities to complete their projects quickly.
Establishing a company in Dubai without a sponsor
Dubai has diversified its offerings, experiencing continuous and rapid development.
The city hosts global investments and projects from various nationalities, making the opportunities for growth and development abundant day by day.
When establishing a company in Dubai, any investor needs to organize and thoroughly study the process.
In addition, a proficient company in these matters is required, and Tasyeir provides this service systematically and accurately.
As well as, the process involves several steps to acquire the desired company licensing with the chosen activity.
Investors no longer require a local sponsor when establishing a company in Dubai without a sponsor, as they can own it entirely.
Requirements for establishing a company in Dubai for foreigners
When establishing a company in Dubai, it is essential to follow the required steps and conditions to avoid problems and save time.
This also ensures the individual understands their rights and responsibilities.
From now on, we can provide everything the client needs to start their company.
These conditions include:
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Commercial name:
Clients must choose a trade name that reflects their chosen activity.
It’s important that the name does not contain offensive or unrelated words, is not a duplicate, and does not include the names of God or government entities.
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Work visa:
Investors cannot begin any work without the specific visa for establishing businesses and investing in Dubai.
As well as, Tasyeir can easily provide this for the client.
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Commercial license:
Obtaining the appropriate commercial license that aligns with the project’s activity is crucial.
This is done after completing all required procedures, registering with the Chamber of Commerce, and paying any necessary fees.
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Choosing the location:
It’s important to rent a place that serves as the project’s headquarters and is suitable for the chosen activity.
It’s preferable to be in one of Dubai’s free zones, which is one of the most important steps in establishing a company in Dubai without a local sponsor.
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Employees:
Having trained employees already in the company’s location who can perform the required tasks is crucial.
All these conditions must be met to know how to establish a company in Dubai.
Any flaw in these conditions will require time to rectify.
Therefore, we always strive to provide all of these continuously and accurately.
Advantages of establishing a company in Dubai without a sponsor
One of the most compelling reasons for global investors to turn to Dubai for their investments is the numerous advantages it offers.
Not only that, Dubai continually strives for progress and development, staying at the forefront of the latest technologies and advancements.
While knowing the requirements for establishing a company in Dubai for foreigners opens up wide horizons for investors, not everyone can easily navigate the process.
Establishing a company in Dubai is straightforward but time-consuming.
This is where Tasyeir excels, providing all services efficiently and with the utmost quality in the shortest possible time, ensuring that investors don’t lose out.
Here are the advantages of establishing a company in Dubai:
- The presence of various nationalities among investors in the United Arab Emirates fosters rapid and continuous business development. As well as, this diversity results in a wide range of experiences and cultural perspectives.
- Procedures required by clients are easy to complete, and they don’t take up much time.
- As well as, Dubai does not impose taxes on various types of businesses, a significant advantage not available in many other countries, making Dubai a preferred choice for investors.
- As well as, Foreign business owners are now free to own their companies entirely without the need for a local partner, thanks to recent legal amendments. They can establish and fully own their companies, enjoying all the profits.
- Businesses in Dubai are organized efficiently.
- As well as, the currency is highly stable, providing investors with a sense of security.
- Multiple companies expedite the required paperwork for business establishment, making it a quick process.
Drawing up an initial plan and conducting a comprehensive study of all aspects is crucial to ensure investors don’t lose out in this dynamic environment.
Cost of establishing a company in Dubai without a local sponsor
The cost of establishing a company is one of the most critical steps that require careful consideration.
Feasibility studies serve as the cornerstone of any project, and it’s essential to create a budget for each item.
Moreover, you should consider the possibility of unavailable resources, so it’s advisable to have multiple options.
The cost varies from one company to another depending on the nature of the business, location, labor, and other factors.
In general, the costs can be summarized as follows:
- These include expenses related to renting or buying a place for your company and furnishing it with suitable furniture and decorations.
- As well as, the fees for obtaining a work license vary depending on the type of business activity and can differ from one entity to another.
- These encompass expenses for hiring employees, including their salaries and any required work permits.
- You need to have a minimum capital amount in your company’s bank account, and this amount is determined based on the chosen business activity.
Types of companies in Dubai
There are various types of companies that can be established in the United Arab Emirates, but each person should choose the field that suits them and matches their financial and human capabilities.
It’s essential to be aware of the requirements for establishing a company in Dubai for foreigners and the most important types of companies that can be established.
Among the companies that can be operated in Dubai are the following:
- Sole proprietorship companies.
- Partnership companies.
- Limited Liability Company.
- As well as, Public joint stock company.
- Private joint stock company.
- Partnership company.
- Restaurant management and related services.
- Regulatory services projects requiring expertise.
- As well as, Financial services and currency exchange businesses.
- Cosmetics and child care product businesses.
- Diverse forms of advertising services.
- Cleaning projects.
- Plumbing contractors.
- As well as, Import and export projects.
- General warehousing.
- Buying and selling household appliances.
- Trade in various types of plants, preferred by many individuals.
- Storage services.
- Retail stores.
The founding contract is signed and drafted according to the legal form of the company, and in some cases, it may require the creation of an agency agreement and possibly a “local service agent” agreement.
The documentation of these contracts and agreements is done through the courts of the United Arab Emirates or by a notary public.
Tasyeir company the reason for your business success
What makes Tasyeir company the top choice for many is the services and advantages it offers, which may not be found elsewhere.
Tasyeir efficiently handles the client’s request for company formation in Dubai, ensuring a swift process.
Moreover, it maintains credibility and transparency in all its operations.
In addition to these strengths, Tasyeir company stays updated with the latest developments and updates in the field of company formation and commercial licensing.
It can assist investors in creating a clear business plan for their chosen activity and guide them through the necessary documentation requirements.
All of this is provided at competitive and reasonable prices.
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