Costs of establishing a company in Dubai

The costs of setting up a company in Dubai vary based on several factors including the type of company, its business activity, the location in which it is established, as well as legal and regulatory requirements. To establish a company in Dubai, investors must take into consideration the following factors:

1. Government fees: include registration and license fees and their annual update, in addition to fees for various approvals from the relevant government agencies.
2. Office Rent: New companies must rent an office in Dubai, as rental costs vary based on the location, space and amenities available.
3. Legal costs: These include the costs of legal consultations and the preparation of documents and contracts necessary to establish the company.
4. Licenses and Permits: The costs of obtaining licenses and permits depend on the type of business activity the company will undertake.
5. Required Capital: Some types of companies in Dubai require a minimum paid-up capital, which may affect overall costs.
6. Additional services: Companies may need additional services such as accounting, auditing, and marketing, which can increase overall costs.

Regardless of the variable costs, investors must prepare a detailed feasibility study and good financial planning to ensure the ability to successfully cover all costs required to establish a company in Dubai.

Steps to establish a company in Dubai

Establishing a company in Dubai requires following a series of legal and administrative steps to ensure the establishment is correct and legal. Here are the basic steps to establish a company in Dubai:

1. Determine the company type: Choose the appropriate company type (limited liability company, public joint stock company, sole proprietorship, free zone company, etc.).
2. Choosing a business: Select the business you would like to practice and verify its compliance with the activities permitted in Dubai.
3. Find a local partner (if necessary): If you are establishing an LLC outside the free zones, you will need a local partner who owns 51% of the shares.
4. Determine the trade name: Choose a trade name for the company and check its availability and compliance with the regulations of the Department of Economic Development in Dubai.
   Preparing the Memorandum and Articles of Association: Prepare the Memorandum and Articles of Association of the company with the help of a legal advisor if necessary.
5. Obtaining initial approvals: Submit a request to obtain initial approvals from the government agencies concerned with the chosen business activity.
6. Determine Office Location: Choose a location for the company’s office and rent a suitable office space to obtain an approved lease.
7. Obtaining final approvals: Submit the necessary documents (memorandum of association, lease agreement, initial approvals, etc.) to obtain final approvals from the Department of Economic Development and other concerned parties.
8. Registration and obtaining a commercial license: Register the company and obtain the final commercial license from the Department of Economic Development.
9. Tax registration: Register the company with the Federal Tax Authority to obtain a Tax Identification Number (TIN) if this is required for your business.
10. Open a bank account: Open a bank account in the company’s name at a local bank in Dubai.
11. Recruitment of employees (if necessary): Recruit the required employees and register them in the wage protection and social insurance system. By carefully following these steps, you can successfully establish a company in Dubai and benefit from the thriving economic environment and available business potential.

The best company for establishing companies

If you need a company that will help you create an integrated company at the lowest prices and costs, you will not find a better company than ours, which is Itqan Company, which works to bring together all companies suitable for all activities and all of this, in the shortest possible time and in our company the lowest possible cost. Our company stands out:

1. Their search for the interest of customers and the effort to serve them without looking for money. Your adherence to deadlines and your ability to complete your work in no time.
2. Our company’s ability to deal with many relevant authorities and its close relationship with them, which helps it complete the necessary procedures and formalities in a very short time.
3. The company’s extensive experience in the field of business establishment and its ability to choose the most appropriate places to start a business.
4. Pricing for a company that no other company can offer this way because the company is more concerned with customer service than money.

A team of experts and specialists to create companies.

All these features and more have led everyone to trust our company, which is committed to creating businesses and serving entrepreneurs. As a result, the company has become the best company in this field. If you are looking for a company that specializes in creating a business, contact our company. It is the first and best company that helps you get what you want from you with the least effort, in the shortest time and at the lowest cost, trying to serve you at all times.

An important step in starting a new business is to know the prices and basically calculate the costs to create a budget for it. Due to the tax exemption advantage in some areas of the UAE, everyone travels to the UAE, especially Dubai, to start working there. This requires a lot of fees required for business licenses, payments to the relevant authorities, etc. It may require a lot of effort on the part of the business. Our company tries to reduce the hassle of entrepreneurs and serves them by canceling all licenses and paying for all withdrawals. All this is done at the lowest possible prices. You can find prices like our company’s prices. So feel free to contact us for the best and cheapest services.

The cost of starting a business in a free zone is that companies in a free zone are different from companies in any other zone. The free trade zone has many advantages that distinguish it from other places, as it is characterized by:

1. Tax exemption for all goods and companies you establish.
2. Exemption from customs duties on goods, making everything lower than in other regions.
3. Simple procedures for setting up a business.
4. Own a company easily even if you are not a UAE citizen and do not need an Emirati partner or sponsor.

All of these features and more were among the most important factors that completely distinguished the cost of starting a business in free zones from establishing in other places, as the cost of vacant places is much lower than in any other region, and our company works to establish businesses in free zones. With the selection of the best places created thanks to the company’s extensive experience. If you are a fan of startups in free zones, our company wants to work to help you and carry out all the tasks you want in the shortest possible time. All you need is to contact our company to obtain many services provided with the least effort, cheapest cost and fastest time.

The economy in the Emirates

Nowadays, the economy of the UAE is very different from the economy of previous periods. In ancient times, Dubai’s economy was based on fish trade, extraction and sale of sea pearls, etc., but when oil was discovered it became one of the most important discoveries that led to the prosperity of the economy and eventually caused the existence of oil-rich Arab countries, which attracted many investors and traders. To start some major investment projects that can give them a lot of money. The discovery of oil in Dubai was a great return for foreigners and all residents. Many people, so any investor who wanted to set up a business in the UAE had to own a company that would serve as their business headquarters. Our company imposes itself on all new investors to establish desired companies in the best locations once all procedures are completed and business licenses are obtained. This is done at the lowest prices and in the shortest time.

Types of companies in Dubai

A table showing the types of companies in Dubai with some basic details for each type:

This table briefly explains the different types of companies in Dubai, which helps in choosing the appropriate type according to business objectives and incorporation requirements.

In conclusion of this article, it can be said that establishing a company in Dubai represents a crucial strategic step for investors and entrepreneurs alike. Thanks to its thriving economic environment and facilitating legal legislation, Dubai provides distinct opportunities for growth and prosperity in various business sectors. By following the correct legal and administrative steps, investors can establish their companies with confidence and efficiently document the legal basis of their business. Dubai also allows companies to benefit from integration in regional and global markets, which enhances opportunities for long-term growth and expansion. Ultimately, setting up a company in Dubai is a vital step towards achieving success and sustainability in the growing global business world.

Frequently asked questions about establishing a company in Dubai