{"id":24941,"date":"2024-01-15T12:23:53","date_gmt":"2024-01-15T10:23:53","guid":{"rendered":"https:\/\/dubai-business-school.com\/establishing-a-company-in-dubai\/"},"modified":"2024-01-19T02:31:58","modified_gmt":"2024-01-19T00:31:58","slug":"establishing-a-company-in-dubai","status":"publish","type":"page","link":"https:\/\/dubai-business-school.com\/en\/establishing-a-company-in-dubai\/","title":{"rendered":"Establishing a company in Dubai"},"content":{"rendered":"

[vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”full_width” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern”][vc_column][vc_column_text][\/vc_column_text][\/vc_column][\/vc_row][vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”grid” angled_section=”no” text_align=”right” background_image_as_pattern=”without_pattern” css=”.vc_custom_1666471457305{padding-top: 70px !important;padding-bottom: 70px !important;}” el_class=”progress-line” z_index=””][vc_column width=”1\/2″ offset=”vc_col-xs-12″ css=”.vc_custom_1665439144459{background-position: center !important;background-repeat: no-repeat !important;background-size: cover !important;}”][vc_empty_space height=”20px”][vc_single_image image=”1062″ img_size=”full” qode_css_animation=””][\/vc_column][vc_column width=”1\/2″ offset=”vc_col-xs-12″][vc_empty_space height=”20px”][vc_column_text]<\/p>\n

\n

Itqan provides you with all the requirements to establish your company in Dubai. Your residence and commercial registration in Dubai in only three steps<\/strong><\/p>\n<\/div>\n

[\/vc_column_text][vc_empty_space height=”20px”][vc_column_text]Following the amendments to the UAE Companies Law (wholly owned by Mainland Dubai) which entered into force on June 1, It is no longer obligatory for foreign entrepreneurs to have local partners to set up a company in the UAE. Whereas, Minister of Economy Abdullah bin Tok Al-Marri stated that doubling the benefit from the competitive atmosphere that characterizes it is the main goal of the UAE government encouraging commercial activities. And in the past year, The UAE has announced a law allowing 100% foreign ownership of companies. This was one of many measures aimed at attracting investment and foreigners who have been hit hard by the coronavirus outbreak. As foreigners can already own up to 100 percent in \u201cfree zones,\u201d Under previous laws that were first passed in 2018.\u201d[\/vc_column_text][vc_empty_space height=”45px”][vc_column_text]Previously, the general rule for foreigners wishing to set up a business in the UAE was that 51 percent of the shares had to be held by Emiratis (or companies wholly owned by Emiratis). The UAE Companies Law includes this requirement. Despite the prevailing impression that the economic power of international and local shareholders can be modified to some extent when it comes to ownership and decision-making in the company, There are still many questions and inquiries regarding the feasibility of these arrangements.[\/vc_column_text][\/vc_column][\/vc_row][vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”full_width” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern”][vc_column][vc_column_text][\/vc_column_text][\/vc_column][\/vc_row][vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”full_width” angled_section=”no” text_align=”right” background_image_as_pattern=”without_pattern” z_index=””][vc_column][qode_elements_holder number_of_columns=”two_columns” switch_to_one_column=”1000″][qode_elements_holder_item cover=”yes” vertical_alignment=”bottom” advanced_animations=”no” background_image=”851″ item_padding=”45% 30% 15% 5%” item_padding_768_1024=”35% 20% 5% 5%”]

\r\n\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\t\t\r\n\t\t\t\t\t\r\n\t\t\t\t\t<\/span>\r\n\t\t\t\t<\/span>\r\n\t\t\t<\/span>\r\n\t\t\t<\/a>\r\n<\/div>[vc_empty_space height=”20px”][\/qode_elements_holder_item][qode_elements_holder_item vertical_alignment=”middle” advanced_animations=”no” background_color=”#f4f4f4″ item_padding=”0% 10%” item_padding_1024_1280=”0 10%” item_padding_768_1024=”0 2%” item_padding_600_768=”15% 10%” item_padding_480_600=”15% 10%” item_padding_480=”20% 10%”][vc_column_text css=”.vc_custom_1667218448412{padding-top: 40px !important;}”]The most prominent provisions of the new law and in line with the newly issued laws, Some of the following major amendments have been introduced to the activities of investors and shareholders:<\/strong>[\/vc_column_text][vc_empty_space height=”20px”][vc_column_text css=”.vc_custom_1667218440177{padding-top: 40px !important;}”]<\/p>\n