Contracting company in Dubai

Advantages of establishing a contracting company in Dubai

As of May 2023, Dubai continues to make significant investments in infrastructure and technology, which is expected to benefit the contracting industry. The city is investing in initiatives such as the Dubai 3D Printing Strategy, which aims to position Dubai as a global hub for 3D printing technology. This initiative is expected to drive demand for construction projects that utilize 3D printing technology, which could create new opportunities for contracting companies.

Dubai has also implemented several regulatory changes to support the growth of the contracting industry. For example, in 2022, the government introduced new regulations to streamline the construction permitting process and make it easier for businesses to obtain construction permits. This is expected to reduce bureaucratic hurdles and make it easier for contracting companies to start new projects in Dubai.

Overall, Dubai's continued investment in infrastructure, technology, and regulatory reforms make it an attractive location for contracting companies looking to expand their operations and take advantage of new opportunities in the construction industry.

Steps to establish a contracting company in Dubai

• Select your activity

Determining the nature of the contracting company's activity is the crucial first step in establishing a business in Dubai. This initial step serves as the foundation for all subsequent procedures and requirements that must be fulfilled.?

• Trade name reservation

The next step in establishing a contracting company in Dubai involves selecting a suitable trade name for the business. The trade name serves as a unique identifier for the company and is registered with the Department of Economic Development in Dubai. There are several regulations and laws governing the selection of a trade name, including:

1. The trade name should reflect the nature of the contracting company's activities.
2. The trade name must not include the name of any government agency, nor should it contain any offensive or religiously sensitive language.
3. The trade name must not be identical or similar to the name of an existing company.
4. The trade name must be followed by an abbreviation of the legal form of the company, as per the relevant laws and regulations.

Careful consideration should be given to selecting an appropriate trade name, as it will be used extensively throughout the company's operations and marketing activities.

• Legal form of Company/License

The third step in establishing a contracting company in Dubai involves determining the appropriate legal form for the company. The chosen legal form must be in line with the nature of the company's activities and will dictate the laws and regulations under which the company will operate in Dubai. There are several legal forms available for companies to choose from, including:

1. Solidarity companies
2. Simple Recommendation Companies
3. Limited liability companies
4. Public joint stock companies
5. Private joint stock companies
6. Commercial representation offices
7. Civil works companies
8. Branch of a local company
9. Branch of a foreign company
10. Free Zone Company Branch
11. Individual Foundation
12. Holding company

Selecting the appropriate legal form is a critical step in establishing a contracting company in Dubai, as it will have long-term implications for the company's operations, management structure, and legal obligations.

• Initial approval

After completing the preceding steps of selecting a trade name, determining the company's activity, and selecting an appropriate legal form, the next step in establishing a contracting company in Dubai is to seek initial approval from the relevant authorities. This approval is necessary to proceed with the company's registration and operation and must be obtained before any further steps can be taken.?

• Selecting location for the company

Once the previous steps of establishing a contracting company in Dubai have been completed, the next step is to select a suitable business location by either renting or purchasing a property. It is important to note that one of the regulatory requirements for selecting a business location is to provide a notarized contract that has been verified by the Real Estate Regulatory Authority in Dubai. This contract must be submitted as part of the registration process and serves as evidence of the business's legal right to use the selected property for its operations.

• Additional approvals

The sixth step in establishing a contracting company in Dubai is to obtain any necessary additional approvals from the relevant authorities. This is particularly important for activities that require specialized permits or approvals, such as those from the Ministry of Foreign Affairs, Ministry of Civil Defense, Ministry of Justice, Ministry of Economy, Dubai Municipality, Dubai Health Authority, Supreme Petroleum Council, and other authorities that may be applicable depending on the nature of the establishment. These additional approvals must be obtained before the business can begin operating legally in Dubai.?

• Get your Trade License

Once all the previous steps of establishing a contracting company in Dubai have been completed, the next step is to obtain a trade license. This involves paying all the necessary fees associated with the license and then receiving it from designated service centers in Dubai. With the trade license in hand, the business can officially register as a member of the UAE Chamber of Commerce and begin operating legally in Dubai.

?Establishing a contracting company in Dubai

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We specialize in extracting and renewing all commercial licenses for various activities and we pride ourselves on clearing all procedures in the fastest time and at the lowest cost possible. We also offer rental options for offices, warehouses, and stores at competitive prices in Dubai. We provide a comprehensive support plan that is available 24 hours a day, seven days a week to solve problems and answer questions.

Moreover, our company has the most qualified legal consultants in the field of investment in Dubai, providing legal advice and assistance. In summary, this article discussed the advantages of establishing a contracting company in Dubai, and provided a detailed overview of the 8 legal steps involved in the incorporation process, which ends with obtaining the necessary trade license to conduct business in Dubai.