What does it mean to obtain security approval when establishing a company in Dubai? When establishing a company in Dubai, obtaining security approval is an essential step to ensure that the business activity complies with national security requirements and legal standards. This approval aims to ensure that the company and its owners do not pose any security risks or threats to stability in the UAE. This includes checking the background of major shareholders and directors to ensure their compliance with local and international laws. This approval is usually part of the routine procedures required to obtain a trade license, and is especially necessary for foreign investors planning to start their businesses in Dubai. In this article, we will talk about what it means to obtain security approval when establishing a company in Dubai

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What does it mean to obtain security approval when establishing a company in Dubai?

Obtaining security approval when establishing a company in Dubai means completing a security check process carried out by the relevant authorities in the country, such as the General Directorate of Naturalization and Residency or other security authorities. This approval aims to ensure that the business activities and their owners do not pose any threat to national security or public order. The security approval process includes:

1. Personal background check: This includes checking the criminal record of the company owners and directors to ensure that there are no security or criminal issues.
2. Auditing financial records: to ensure that there is no financial manipulation or illegal activities.
3. Review business activities: to ensure that they comply with local laws and regulations and do not contribute to any illegal activity.
4. This step is part of the basic procedures for establishing a company in Dubai, as it ensures that business activities comply with the applicable security standards, which enhances the stable and reliable business environment in the emirate.

Steps to establish a company in Dubai

Establishing a company in Dubai requires following a series of organized steps to ensure compliance with legal requirements and obtaining all necessary permits. Here are the steps to establish a company in Dubai:

1. Determine the type of company you want to establish (such as a limited liability company, a joint stock company, a branch of a foreign company, or a free zone company).
   Determine the business activity the company will undertake and ensure that it matches the permitted activities in Dubai.
2. Determine whether you want to set up your company in a free zone or on the mainland. Each option has its own advantages and requirements.
3. Choose a company name that complies with local laws and does not conflict with names already registered. Make sure to obtain approval for the name from the relevant authorities.
4. Gather all necessary documents such as passports, residence visas, education certificates, and parent company details (if the company is a branch).
5. Apply for a trade license from the Dubai Department of Economic Development or the chosen free zone authority.
6. In some cases, you will need to obtain security clearance, which includes background checks on shareholders and directors to ensure there are no security threats.
7. Provide a lease contract for an office or business premises in Dubai, where you have an approved business address.
8. Open a company bank account at a local bank. You will need to provide company documents to open the account.
9. Register your company with the relevant government agencies such as the Dubai Chamber of Commerce and Industry.
10. Apply for work residence visas for your employees and shareholders.
11. Make sure to have the necessary insurances such as workers’ compensation and civil liability insurance.
12. After completing all the procedures and obtaining the license, you can start practicing the business activity.
    Some steps require the support of legal advisors or companies specialized in establishing companies to ensure that you comply with all requirements.

Itqan Company’s services in obtaining security approval

Itqan Company provides a range of specialized services in obtaining security approval for establishing companies in Dubai. Its services include:

• Providing comprehensive advice on the security clearance process and requirements. Helping the company understand the steps required and prepare the necessary documents.
• Assist in collecting and preparing all documents required for security clearance, including passports, residence visas, and criminal records.
• Dealing with security agencies such as the Nationality and Residence Department to submit a security approval request and follow up on its status until final approval is obtained.
• Ensure that all background checks and screenings are properly conducted according to specified standards.
• Providing support in the event of any problems or challenges encountered during the security approval process, and finding appropriate solutions.
• Working to expedite the security approval process by submitting applications in an organized manner and providing the necessary support to reduce the waiting period.
• Regularly monitor the status of the application and provide updates to customers on any developments regarding security clearance.
• Providing consultations on compliance with security requirements and legal regulations related to company formation in Dubai.
  Through these services, Itqan seeks to facilitate the process of obtaining security approval and simplify the procedures for clients, helping them establish their companies in Dubai efficiently and smoothly.

Advantages of establishing a company in Dubai

Setting up a company in Dubai offers many benefits that make it an attractive destination for investors and entrepreneurs. Here are some of the key advantages:

• Dubai is one of the world’s leading business destinations, with a business environment that encourages innovation and growth. Advanced infrastructure and excellent logistics services provide great support for businesses.
• Companies in Dubai free zones can benefit from full tax exemptions on profits, and enjoy some VAT facilities.
• Dubai is located in a prime geographical location linking the East and the West, making it an important center for international trade and economic activities.
• Dubai offers fast and efficient procedures for company registration and licensing, reducing the time and effort required to set up a business.
• Dubai enjoys a stable political and economic environment, which enhances investor confidence and provides security for business.
• Dubai offers a wide range of investment opportunities in various sectors such as real estate, technology, tourism, and financial services.
• Dubai is an important gateway to international markets, providing easy access to the Middle East, Asia, Africa and Europe.
• Dubai supports innovation and technology through various initiatives such as smart city and fintech, providing new opportunities for businesses.
• Dubai invests heavily in modern infrastructure, enhancing the quality of life and ease of doing business.
• Dubai is home to a diverse international community, making it easy for businesses to attract and employ diverse talent from all over the world.
  Setting up a company in Dubai can be a strategic move to expand your business and reach new markets, thanks to the favorable business environment and great support from local authorities.

In conclusion, obtaining security approval when setting up a company in Dubai is a vital step to ensure that business activities comply with the emirate’s safety and security standards. By implementing these procedures, it is ensured that the company and its owners do not pose any threat to national security, which enhances the business environment and reflects Dubai’s commitment to stability and security. This process is not just a routine procedure, but an essential part of the strategy to support and enhance the business environment in Dubai, which seeks to attract investments and achieve sustainable economic growth. In short, obtaining security approval contributes to creating a reliable and secure business environment, which enhances the chances of companies’ success and encourages investment in this dynamic market.