The UAE offers a range of distinct investment advantages to foreign investors. It particularly highlights the 100% exemption for companies from taxes on exports and imports to and from within the country. This exemption is an attractive step that makes Dubai an ideal destination for establishing foreign companies. In addition, Dubai provides great facilities in the procedures for obtaining business licenses, which contributes to facilitating company management processes within this dynamic economic environment and also make the rules for establishing a foreign company in Dubai easy to undertake.
Rules for establishing a foreign company in Dubai
Within the framework of the rules for establishing a foreign company in Dubai. Protecting investors’ rights is one of the basic pillars of attracting investment. And the UAE takes effective measures to guarantee investors’ rights and provide them with a safe work environment.
By setting clear and specific conditions for opening companies, the activities that foreigners can practice are also clearly defined by the Emirates Investment Authority to open a company in Dubai And among these activities include trade and owning real estate.
Providing consultations to companies in the Emirates and air transport; However, there are a range of activities that a foreign investor is not permitted to engage in when establishing a company in Dubai.
The most prominent examples of this are the field of mining and investment in it, including oil and mineral exploration.
The foreign investor is also not allowed to establish advertising agencies or participate in the management of these agencies.
With regard to the aviation sector, the foreign investor must not own or establish any activity related to aviation.
He is not allowed to buy or trade in shares of UAE airlines, and to complete the process. The foreign investor is required to have an Emirati partner.
It is worth excluding accounting, legal and pharmaceutical activities, and familiarizing yourself with these conditions. And activities is necessary before starting the actual steps to achieve the rules for establishing a foreign company in Dubai.
Ways to establish a foreign company in Dubai for foreigners
Establishing a company in Dubai for foreigners does not pose a difficult challenge thanks to the procedures and facilities provided by the UAE.
This process is also part of the comprehensive understanding of investment promotion. As the state places emphasis on ease of procedures.
It is one of the important factors that make Dubai an ideal destination for those wishing to establish their companies. The following are the most important ways to open a company in Dubai for foreigners online:
- One of the distinguished services that Tasyeir Company provides to investors is the service of establishing companies online. And communicating with them without the need to go to the company.
- As well as, it is also considered an integrated electronic platform with the relevant government bodies.
- You can fill out your form within approximately 15 minutes, with the possibility of easy payment of fees via a Visa card.
Contracting with a company:
When the investor wants to establish a company in Dubai on a non-permanent basis. It becomes difficult for him to follow the progress of work and the procedures for obtaining official papers. Hence the importance of contracting with a company specialized in establishing companies in the Emirates, such as Tasyeir Company, a leader in the field of administrative services.
It enables many companies to facilitate the establishment process efficiently and efficiently. For example, some companies allow the company to be established within only 3 days, which is considered one of the easiest ways to achieve the goal of establishing a successful company.
5 Steps to establish a foreign company in Dubai
Establishing a company in Dubai for foreigners requires following certain rules for establishing a foreign company in Dubai. Despite the apparent complexity, all steps are easy if you are not in the UAE.
The law makes it easier for you to contract with an establishment company in Dubai, as the Tasyeir company carries out all the procedures on your behalf.
Here are five basic steps to establish a company in Dubai for foreigners:
1. Determine the type of economic activity of the company
Determining the type of economic activity in which the company specializes is a major step, and the UAE offers diverse options that exceed 2,000 activities.
In addition to 6 types of licenses, commercial licenses stand out among them. This option is distinguished by the fact that it allows the possibility of including more than one economic activity under one license.
2. Determine the legal form of the company
When you are looking to open a company in Dubai, you must determine the legal structure of the company.
There are 6 different models available in Dubai. The importance of this step is that the legal structure determines the regulations and laws that your company will later be subject to by the UAE.
- Simple recommendation company.
- Solidarity Company.
- Public joint stock company.
- Limited Liability Company.
- Private joint stock company.
- Commercial Representative Office.
3. Choosing and registering a commercial name
The commercial name is a distinctive mark that distinguishes your company from others. It is considered one of the most important services for establishing companies, whether in the Emirates or anywhere else. As well as, registration of the commercial name guarantees the protection of your company from legal problems.
Also, the name must correspond to the type of license and company activity. It must be free of inappropriate language, nouns, or any resemblance to government entities.
4. Obtain initial approval
Obtaining initial approval indicates the acceptance of the UAE government to establish a project on its territory.This allows the investor to move forward with the process of obtaining a license, and foreign investors are required to obtain general approval from the Ministry of Residency and Foreigners Affairs before obtaining initial approval.
Some activities require approval from another government agency before obtaining initial approval, such as legal activities, Security authorities, and the Securities and Commodities Authority.
5. Drawing up the articles of incorporation and the local service agent agreement
Depending on the legal form of the company, an Articles of Association need to be drawn up. And in some cases a local service agent agreement may be required and Articles of Association are concluded for corporate forms such as civil works. The limited liability company. The single person, the limited partnership, and the joint liability company. The public joint stock company. And the private joint stock company. The foreign investor must also document agreements and contracts in an Emirati court or notary office.
Tasyeir company is your first step in successful investment
In conclusion, establishing a company in Dubai for foreigners requires following specific and smooth rules for establishing a foreign company in Dubai from defining the company’s activity to choosing the legal structure.
The commercial name is also registered, the investor residency fees in Dubai are paid. The necessary approvals are obtained, and the incorporation contracts are drafted. These steps allow investors to achieve their goals efficiently and effectively in an investment environment characterized by transparency and government support.
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