Dubai has become one of the important investment destinations that many investors visit, so the conditions for opening a company in the Emirates are among the necessary priorities that enable entrepreneurs to work there legally. If you want to get help establishing your company there. All you have to do is contact Tasyeir company. Which includes a group of the best experts and consultants that facilitate all necessary procedures for you.
Conditions for opening a company in the Emirates
The UAE offers many investment facilities and privileges to support various industrial, commercial and service activities. But all of this must be done within a legal framework.
The regulations and laws require following some steps, which at the same time represent conditions for establishing companies there, which are specified by the Department of Economic Development and other competent authorities.
The most important of these conditions are the following:
- Determine a commercial name for your activity, provided that it expresses the nature of the activities that the company will carry out.
- The commercial name must not include any expressions that are inappropriate or contrary to public taste.
- It is also required that it does not resemble the name of any other institution or company or contain the names of government agencies.
- As well as, it does not include any of the Most Beautiful Names of God.
- Determine a specific area in which to establish the company, provided that it is appropriate to the nature of the activity.
- Having a team of workers and employees at your company’s headquarters.
- Obtaining a work license in the Emirates, with the need to receive your commercial license after paying all imposed fees.
- As well as, you register the license with the UAE Chamber of Commerce.
- Completing all legal procedures and necessary documents, which represents one of the most important conditions for opening a company in the Emirates.
Advantages of opening a company in Dubai
Investing in Dubai provides a set of advantages that were the main reason many investors came to it. And the most important of these advantages are the following:
- Enjoy the advantage of full tax exemption on income and corporate taxes in many sectors.
- Speed in issuing the necessary permits and licenses for investment and work.
- As well as, there are no restrictions on export and import.
- Allowing full ownership of companies without the need for a local partner.
- Complete exemption from duties imposed on import and export.
Cost of establishing a company in Dubai
Paying the fees imposed to obtain the necessary licenses is one of the most important conditions for opening a company in the Emirates, which varies according to the type of license itself.
Tasyeir attempts to provide the best consultations at reasonable costs, provided that the initial approval fees differ from the fees for innovation, inquiries, or documentation by the competent authorities depending on the investment activity. In addition to the fees for reserving the commercial name.
Establishing a company in Dubai for foreigners
Establishing any company in Dubai for foreigners includes a set of steps that must be followed in order to operate within a legal framework. These steps include the following:
- Initial approval: This requires providing a set of official documents and papers and submitting them to the relevant authorities.
- Establishing the company: The legal form of the company must be determined, the articles of incorporation must be issued. And the necessary licenses mentioned above must be obtained. The most important of which is the commercial registry.
- Investor residency: The investor must obtain residency in the Emirates in the correct legal form so that he can carry out his business with ease and safety.
Tasyeir company is the first step in the success of your project
Tasyeir company is your ideal choice to complete all procedures and issue the necessary licenses, especially those related to the residence of the investor and his family members, in the shortest possible time.
At the end; all conditions for opening a company in the Emirates must be met so that you can practice various commercial activities and invest effectively and legally. In addition to enjoying the advantages that the country provides to investors there.
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