Learn about the cost of establishing a company in Dubai, because establishing companies in Dubai is a process that requires experience and knowledge of local laws and regulations, and here the importance of using the services of Itqan Company is highlighted. Itqan Company provides full support to entrepreneurs and investors wishing to establish their companies in Dubai, by providing legal consultations, choosing the appropriate structure for the company, and dealing with various government procedures such as obtaining the necessary licenses and permits. Thanks to its specialized team and wide network of relationships, Itqan facilitates the process of establishing companies, which ensures the saving of time and effort for clients, and contributes to achieving a successful launch of business in the thriving Dubai market. Through this article, we will review all the details about the cost of establishing a company in Dubai .

The cost of establishing a company in Dubai

Establishing companies in Dubai 

Business establishment in Dubai has increased steadily as Dubai’s economy increases and the process of business establishment also increases in the economy. This is due to the discovery of oil in the United Arab Emirates and its complete dependence on the economy, which led to it becoming one of the richest Arab countries in the world, and in which many individuals and businessmen around the world wish to carry out various activities, but according to the country – Laws No one can undertake new activities unless there is a company or office that needs to be established in it. Therefore, every company must start and we are here to help you establish the best companies for your area in the best locations and at the lowest cost, so do not hesitate to contact us to get the services you want.

The cost of establishing a company in Dubai 

The cost of setting up a company in Dubai is affected by several important factors. Among these factors:

1. Type of commercial license : The cost of the license varies based on the type of business activity (such as commercial, industrial, service).
2. Company location : Fees and costs vary depending on the region or free zone in which you wish to establish your company, such as free zones or special economic zones.
3. Ownership Structure : Establishing some types of companies requires a local partner, which may affect costs.
4. Office and space costs : The cost of renting or purchasing an office or commercial space varies according to the location and space of the office.
5. Legal formalities and licenses : These costs include registration fees, licenses and various permits required to operate.
6. Sector-specific requirements : Some businesses may require additional licenses or permits.
7. Consultation and service costs : such as the costs of legal consultations and administrative services provided by companies such as “Itqan”.

These factors vary from one company to another, and it is recommended to contact specialized consulting companies to obtain accurate estimates.

Steps to establish a company in Dubai 

Setting up a company in Dubai requires following several key steps, which may vary slightly depending on the type of company and the specific location. Here are the general steps for establishing a company in Dubai:

1. Choosing a business activity : Determine the type of business activity you want to do, and this helps determine the type of commercial license required.
2. Choosing a company structure : Determine the type of company, such as a limited liability company (LLC), a joint-stock company, a branch of a foreign company, or others.
3. Choosing a trade name : Choosing a suitable name for the company and adhering to the regulations on trade names. The name must be unique and not infringe copyright.
4. Obtaining initial approvals : Submit a request to the Department of Economic Development (DED) or the competent authority in the free zone to obtain initial approvals for the trade name and activity.
5. Preparing legal documents : preparing the company’s articles of association and articles of association and documenting them with the relevant authorities. This may require the services of an attorney or legal consultant.
6. Choosing a business location : Renting or purchasing an office or commercial space that suits the requirements of the business.
7. Obtaining a commercial license : Submitting all required documents to the Department of Economic Development or the competent authority in the free zone and completing the procedures for issuing a commercial license.
8. Registration in the Chamber of Commerce : Register in the Dubai Chamber of Commerce and Industry to obtain membership.
9. Opening a bank account : Opening a bank account for the company to facilitate financial transactions.
10. Obtaining work visas : Apply for work visas for employees if necessary.

These steps can be more complex depending on the type of activity and the requirements of the relevant authorities. It is always recommended to cooperate with specialized consultants or companies such as “Itqan” to facilitate procedures and ensure compliance with local laws.

To establish a company in Dubai , there are a set of papers and documents that must be submitted to obtain the necessary approvals and licenses. These papers vary slightly depending on the type of company and location (free zone or within the emirate). Here are the basic documents required:

1. Copies of passports : for all partners, shareholders and managers.
2. Copy of residence visa or visit visa : for investors residing in the UAE (if they hold a residence visa).
3. Personal photo : A passport-sized photo of each partner or shareholder.
4. Business plan : Clarifying the nature of the business and the operating plan (especially in free zones).
5. License application form : The commercial license application form is filled out and signed by all partners.
6. Memorandum of Association and Articles of Association : These documents must be signed before a notary public and notarized. The contract includes information about the company such as capital, share distribution, and company management.
7. A copy of the office lease contract : a lease contract certified by the Real Estate Regulatory Authority (RERA) or the relevant authority in the free zone.
8. No Objection Certificate (NOC) : If one of the partners is residing in the UAE and under another sponsorship, you may need a NOC from the current sponsor.
9. Proof of Capital : In some cases, you may need to prove that the required capital has been deposited in a local bank.
10. Directors’ details : Provide details of directors and board members (if applicable).
11. Approval of the competent authorities : In the case of activities that require special approvals, you may need additional approvals from the relevant government authorities.

Documents may vary depending on the nature of the business and the procedures of each free zone. It is recommended to cooperate with specialized consultants or companies such as “Itqan” to obtain accurate guidance and ensure that all required documents are submitted correctly.

 

Establishing companies in Dubai

 

Conditions for establishing companies in Dubai

Establishing companies in Dubai requires compliance with several main conditions and requirements, including:

1. Choosing the type of company : You must select the type of company you wish to establish, such as a limited liability company (LLC), a branch of a foreign company, or a free zone company. Each type has specific requirements.
2. Determining the commercial activity : Choosing the commercial activity that the company intends to carry out, according to the classification approved by the Department of Economic Development in Dubai.
3. Choosing the company’s location : The company’s location must be determined, whether in a free zone, a commercial zone, or a non-free zone. Each site has its own requirements.
4. Licenses and permits : Obtain the necessary licenses from the competent authorities such as the Department of Economic Development, the Roads and Transport Authority, or any other entity related to your commercial activity.
5. Appointing directors and shareholders : Identifying the directors and shareholders of the company. In some types of companies, you may need to appoint a local director or legal agent.
6. Preparing the founding contract : drafting and documenting the company’s founding contract, which includes the business purposes, ownership structure, and rights and duties.
7. Opening a bank account : Opening a bank account in the name of the company to facilitate financial operations and deposit capital.
8. Compliance with legal requirements : Compliance with all local laws, including taxes, labor, and social insurance.
9. Company Registration : Completing the company registration procedures with the competent government agencies, such as the Department of Economic Development or the Free Zone Authority, and submitting all required documents.

It is useful to consult a specialized company such as “Itqan” to help you complete all procedures and ensure that you comply with all conditions and requirements.

Dubai is one of the leading global destinations for establishing companies thanks to its distinguished investment environment and simple procedures that facilitate business establishment. From the availability of free zones with exclusive benefits such as full ownership and tax exemptions, to the possibility of establishing companies in non-free zones with a local partner, Dubai offers diverse opportunities to suit all types of investors. Adherence to legal procedures and good planning can contribute to the success of the company and ensure the achievement of business objectives. If you are thinking about starting your own project in Dubai, hiring a specialized consulting company can provide you with the necessary guidance and help you go through all the steps smoothly. Ultimately, establishing a company in Dubai is a strategic step towards achieving success and growth in a dynamic and thriving business environment.

 

Frequently asked questions about establishing companies in Dubai

What are the documents required to establish a company in Dubai?

Required documents include: passport, personal photo, lease contract for an office or workplace, copy of company name approval, and articles of incorporation. Documents may vary depending on the type of company and place of incorporation.

Can I establish a company in Dubai without needing a local partner?

Yes, you can if you are establishing a company in one of the free zones in Dubai. As for companies outside the free zones, you will need a local partner who owns 51% of the shares.

What are the free zones in Dubai and how do they benefit me?

Free zones are special commercial zones that provide benefits such as full company ownership, tax exemptions, and facilitation of incorporation procedures. It includes free zones such as Dubai South, Dubai Internet City, and Dubai Media City.

What is the cost of setting up a company in Dubai?

Costs depend on company type and location, and include registration fees, licenses, and office fees. Costs can range from a few thousand to tens of thousands of dollars.