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Advantages of establishing a company in Dubai for Iraqis

Advantages of establishing a company in Dubai for Iraqis

٠١ فبراير Advantages of establishing a company in Dubai for Iraqis

Dubai is an ideal investment destination for investors from all over the world, including Iraqi investors who are looking for a stable and advanced economic environment to establish their businesses and achieve success. Dubai has many advantages that make it the best choice for establishing companies. It provides a flexible and easy-to-proceed business environment, in addition to an advanced infrastructure that supports various economic sectors. Its strategic location also makes it a global center for trade and investment, which provides Iraqi investors with wide opportunities to expand and access regional and international markets.

One of the main advantages of establishing a company in Dubai is the great government facilities that include the possibility of full foreign ownership in many free zones and tax exemptions that reduce the financial burden on investors. In addition, Dubai provides a variety of commercial licenses that suit various economic activities, which gives Iraqi investors the flexibility to choose the activity that suits their investment goals. Banking facilities and ease of money transfer make managing businesses in Dubai easy.

Itqan Company works to provide full support to Iraqi investors wishing to establish their companies in Dubai by providing specialized consultations and following up on all legal and administrative procedures to ensure that the company is established quickly and efficiently. The company also provides integrated solutions that help investors choose the legal structure The appropriate and obtaining the necessary licenses facilitates the process of launching in the UAE market and achieving success in a competitive and safe investment environment. Thanks to these advantages and others, establishing a company in Dubai has become an ideal choice for Iraqis looking for profitable investment opportunities and sustainable growth.

Advantages of establishing a company in Dubai for Iraqis
Advantages of establishing a company in Dubai for Iraqis

Types of companies that Iraqis can establish in Dubai

Dubai is considered one of the most prominent investment destinations in the world, as it provides a stable economic environment and tremendous growth opportunities for investors of various nationalities, including Iraqis. With the facilities provided by the UAE government to attract foreign capital, Iraqi investors can easily establish their companies, whether on the mainland or in the free zones. The options available to them vary according to the nature of the commercial activity they wish to practice and the type of licenses required. Thanks to this flexibility, the Iraqi investor can choose the appropriate legal form for his company in line with his commercial goals.

Types of companies that Iraqis can establish in Dubai:

Limited Liability Company: This type of company is suitable for various businesses and can be owned by the Iraqi investor up to 100% in some activities or in partnership with an Emirati citizen in other activities that previously required a local partner.

Professional Company: Dedicated to professions that rely on personal experience, such as legal, engineering and accounting consulting, and allows the Iraqi investor to have full ownership, with the condition of appointing a local service agent.

Free Zone Company: Allows the Iraqi investor to own the company 100% without the need for a local partner. It provides many advantages such as tax exemptions and ease of transferring profits, but it is restricted to practicing business within the free zone or outside the Emirates
Commercial Company: Dedicated to commercial activities, import and export, and the Iraqi investor can establish it in the free zones or the mainland according to the requirements of his activity
Holding Company: Suitable for Iraqi investors who wish to manage their investments and assets in Dubai through a single legal entity that can own other companies, real estate and financial assets
Foreign Subsidiary Company: An Iraqi investor who owns an existing company in his home country can establish a branch in Dubai to expand his activity and benefit from the commercial advantages available in the Emirates
With these options available, the Iraqi investor can choose the appropriate legal form for his company based on his needs and investment goals and benefit from Dubai’s economic environment that supports growth

Documents required to establish a company in Dubai for Iraqis

Dubai is a distinctive investment destination for Iraqi investors seeking to expand their businesses in a stable and advanced economic environment. With the availability of many opportunities and facilities provided by the UAE government, establishing a company in Dubai has become a smooth process that does not require complex procedures, but it requires providing a set of official documents that ensure compliance with local laws. The documents vary Required according to the type of company that the investor wishes to establish, whether in the mainland or one of the free zones, but in all cases there is a basic set of documents that must be provided to ensure that the registration process runs smoothly.

To start establishing the company, the Iraqi investor must provide a valid copy of the passport for all partners in addition to a copy of the residence visa, if any, or the entry stamp to the Emirates. A recent personal photo of the applicant must also be provided according to official specifications. It is required to submit a clear business plan specifying the type of business activity to be established, the company’s objectives and services to ensure its compliance with the regulations of the Department of Economic Development or the authority of the free zone in which the registration is taking place.

In addition, a company registration application form signed by all partners and the articles of association must be provided, which clarify the details of the company’s ownership and the percentage of partnership between individuals. If the company is established on the mainland, it may be necessary to submit a lease contract for the company’s headquarters certified by the competent authorities. In the free zones, the procedures are more flexible and do not require the presence of a headquarters in some cases. Some commercial activities also require additional approvals from the competent authorities, such as government departments or regulatory bodies specialized in the field.

By submitting these documents, the Iraqi investor can complete the procedures for establishing his company in Dubai and embark on a world of commercial and investment opportunities in one of the most important markets Prosperity in the region.

Advantages of establishing a company in Dubai for Iraqis
Advantages of establishing a company in Dubai for Iraqis

Duration of establishing a company in Dubai for Iraqis

Establishing a company in Dubai is a strategic step for any Iraqi investor seeking to expand his business in a thriving market characterized by stability and wide opportunities. With a legislative environment that supports foreign investments, Dubai provides easy procedures that help entrepreneurs start their commercial projects efficiently and quickly. The duration of establishing a company depends on several factors, including the type of commercial activity and the nature of the required licenses, in addition to the area in which the company is registered, whether on the mainland or in one of the free zones that provide flexible facilities in the establishment process.

The procedures for establishing a company begin with choosing the appropriate commercial activity and ensuring its compliance with local laws. Then the trade name is reserved and initial approvals are obtained from the competent authorities. After that comes the stage of preparing and documenting the required documents, which include the passports of the investors, the incorporation contract, and the business plan. In the event that a commercial location is needed, the lease contract is documented and approved by the official authorities. After completing these procedures, the application is submitted to the competent authority, whether the Department of Economic Development of the mainland or the relevant free zone authority.

Once the final approvals are obtained, the commercial license is issued, which allows the investor to start practicing the commercial activity legally. Some commercial activities may require additional approvals from the relevant authorities Specialized regulatory framework which may affect the overall time required to complete all procedures. Choosing a free zone may be a faster option due to the flexibility of requirements and the ease of direct registration without the need for a local sponsor.

Upon completion of all steps, the investor obtains all the necessary permits to start his business, allowing him to launch in a global economic environment that provides competitive advantages and continuous support for business growth.

What is the cost of establishing a company in Dubai for Iraqis?

Establishing a company in Dubai is a unique opportunity for Iraqi investors seeking to benefit from a developed economic environment and broad market potential, as Dubai provides many advantages that make it an ideal destination for establishing companies, from legal facilities to advanced infrastructure that suits various economic sectors. The cost of establishing a company in Dubai depends on a set of basic factors that must be taken into account when planning an investment.

Costs vary according to the type of company to be established, whether on the mainland or within one of the free zones, as each free zone offers its own advantages, including tax and administrative facilities. The nature of the commercial activity also affects the required licensing fees, as some activities require additional permits from the competent authorities, which may add to the total cost. In addition, choosing the location, whether in a major commercial area or within a free zone, plays a role in determining registration and operating fees.

Costs also include government fees related to reserving a trade name, issuing a commercial license, and fees for issuing residence visas for potential investors and employees. There are also additional costs related to equipping offices or renting commercial spaces, depending on the nature of the project and its operational requirements. Other factors that affect the cost include legal service fees, contract preparation, and administrative consultations that may be necessary to ensure full compliance with the laws. Local

In general, Dubai provides a variety of options to suit all budgets, allowing Iraqi investors to choose solutions that are in line with their capabilities and future plans, whether by establishing a small project with a limited budget or investing in a large commercial project targeting regional and international expansion.

Our company’s role in establishing a company in Dubai

Establishing a company in Dubai is a strategic step for Iraqi investors seeking to benefit from an advanced economic environment that provides them with many opportunities for growth and expansion, as Dubai allows them to enter a diverse global market characterized by stability and flexibility in laws and procedures, which facilitates the processes of establishing and managing businesses. The emirate provides an advanced infrastructure that includes ports, airports and modern roads, in addition to advanced logistics services that support various commercial and industrial activities. Investment incentives such as tax exemptions and full foreign ownership in free zones make Dubai an ideal choice for Iraqi investors seeking to establish their companies and achieve sustainable profits.

The regulatory environment that supports business contributes to making Dubai an attractive destination for investors, as it is characterized by the speed of procedures and ease of obtaining commercial licenses, in addition to the availability of many services that facilitate financial and administrative operations, which gives investors the opportunity to focus on developing their businesses and achieving their economic goals. Through the specialized support provided by Itqan Company, Iraqi investors can avoid legal and administrative complexities, as the company works to provide integrated consultations that help them make the right decisions to ensure that their companies are established according to the highest standards, and it also provides them with innovative solutions in the fields of financial management Taxes and employment to ensure maximum benefit from their investments

As Dubai continues to strengthen its position as a global investment destination, opportunities for Iraqi investors are increasing significantly, making establishing a company in this smart city a successful step that enhances their chances of achieving success and expansion regionally and internationally. Through the continuous support provided by Itqan Company, Iraqi investors can have a smooth investment experience that ensures they benefit from all the advantages that Dubai offers as an integrated and advanced investment environment

Frequently Asked Questions about Establishing a Company in Dubai

Can Iraqis establish a company in Dubai?
Yes, Iraqi investors can establish their companies in Dubai, whether in free zones or on the mainland, as the UAE provides a flexible investment environment that allows foreigners to fully own companies in many sectors

What types of companies can Iraqis establish in Dubai?
Iraqis can establish several types of companies in Dubai, such as limited liability companies, free zone companies, professional companies, and commercial companies. The appropriate type can be chosen based on the nature of the business activity

Do Iraqis need a local partner to establish a company in Dubai?
In the free zones, the Iraqi investor can own the company 100% without the need for a local partner, while in the mainland there was previously a requirement for a local partner, but now the company can be fully owned in some activities

What are the documents required to establish a company in Dubai for Iraqis?
The required documents include a valid passport for the investor, a letter of no objection in some cases, a business plan for the business activity, in addition to fulfilling other requirements determined by the competent authorities in Dubai

What is the cost of establishing a company in Dubai for Iraqis?
The cost depends on several factors such as the type of commercial license and the location where the company is established, whether in a free zone or on the mainland, in addition to administrative fees and government licenses

What is the duration of establishing a company in Dubai for Iraqis?
The establishment process can take a few days to several weeks depending on the type of business activity and the completion of documents and legal procedures