The cost of establishing a company in Dubai is considered one of the most distinguished countries for investment in the world. It is also considered one of the most important emirates in the United Arab Emirates because it contains many excellent investment areas. Currently, any person in the Emirates, regardless of his financial ability, can start a business. Any type of multiple commercial activities that exist there, and this is due to the different living conditions, the multiple requirements, and the increase in their expenses as well.
It is also due to the different types, multiplicity, and needs of investment between each emirate and another in the Emirates. The high proportion of the population, the increase in the number of births, and the increase in individuals heading to the Emirates. All of this has led to their need for many diverse and different services necessary for life. All of this leads to the multiplicity of investments in Dubai, whether they are investors who hold Emirati citizenship or are migrant workers, and we will review many details about the cost of establishing a company in Dubai in cooperation with Itqan Company, which provides many services.
How to establish a company in Dubai
Establishing a company in Dubai includes several steps and requirements. Here’s an overview of how to perform this process:
- Choosing the type of company: Before starting, you must determine the type of company you want to establish, whether it is an individual company, a limited company, or a company in one of the free zones.
- Determine the business activity: Determine the business activity that the company intends to engage in. This activity must be compatible with the licenses available in the chosen area.
- Choosing a Company Name: Select a unique name for the company and ensure it complies with local laws and regulations. The availability of the name must be verified through the Dubai Company Registration Center.
- Determine the location of the company: Choose the place where you would like to establish the company, whether it is in free zones, economic zones, or the regular market.
- Apply for licenses: You may need to obtain specific licenses depending on the type of activity and location, such as a building license or industry license.
- Submitting the necessary documents: The required documents may vary depending on the type of company and activity, but usually include passports, personal photos, lease contracts, and legal documents.
- Payment of incorporation fees: You must pay the required incorporation fees, which vary according to the type of company and services provided.
- Obtaining a commercial registration number: After submitting documents and paying fees, you will obtain a commercial registration number.
- Opening a bank account: Open a company bank account by choosing one of the recognized banks in Dubai.
- Signing Contracts and Licenses: Sign necessary contracts and obtain final licenses to start the business.
Costs of establishing a company in Dubai
The cost of establishing a company in Dubai depends on several factors, including the type of company, the geographical location of its establishment (such as free zones or economic zones), the chosen business activity, and the size and specific needs of the company. Here’s an overview of some of the points that can affect costs:
- License costs: Opening a company in Dubai requires obtaining licenses from the relevant authorities, and license costs may range depending on the type of activity and location.
- Real estate costs: Real estate costs include rent for the office or commercial space, and this varies according to the location, area, and region.
- Costs of consulting services: You may need legal and economic consulting to assist in preparing documents and complying with laws and legislation.
- Establishment costs: Establishment costs include paying government fees and registration fees, and these costs vary according to the type of company.
- Administrative services costs: Administrative services costs can include salaries, employee health insurance, and other related costs.
- Insurance costs: You may need to take on different insurances and the costs of maintaining these insurances.
- Advertising and marketing costs: You may need to invest in advertising and marketing campaigns to promote your company and attract customers.
- Banking and financial services costs: These include the costs of opening a bank account and any other financial services that the company may need.
Conditions for establishing a company in Dubai
Establishing a company in Dubai requires compliance with a number of legal and administrative conditions. Conditions may vary depending on the type of company and the free zone you choose, but there are some general conditions that must be met:
- Type of business activity: The type of business activity that the company will engage in must be determined, and it must be in line with local laws and regulations.
- Company Name: You must choose a unique name for the company and ensure that it does not violate any local laws related to commercial registration.
- Capital: The required capital must be provided according to the type and expected size of the company. The capital required can vary depending on the type of company.
- Shareholders: The shareholders of the company and their share in the capital must be identified.
- Headquarters: A specific address must be provided as the company’s headquarters in Dubai.
- Business Licenses and Permits: You must obtain all necessary licenses and permits to conduct business activity in Dubai.
- Visas and Residences: Necessary visas and residency must be arranged for foreign employees and shareholders.
- Tax Compliance: Must comply with all local and international tax controls.
These are some of the basic conditions you may need to establish a company in Dubai. Conditions can vary depending on the laws and regulations of the free zone you choose, so it is important to check current laws and official guidance to ensure full compliance.
Documents required to establish a company in Dubai
To establish a company in Dubai , you need to submit a set of necessary papers and papers. These requirements can vary slightly depending on the type of company and economic activity, but for the most part, basic company registration includes the following documents:
- Registration application form: The form requires information about the type of company, its activity, and shareholders’ details.
- Memorandum of Association: Establishes the rights and duties of shareholders and the structure of the company.
- Articles of Association form: Specifies the administrative details and governmental decisions of the company.
- Passport copy: Copy of passports of shareholders and founding partners.
- Recent personal photos: Personal photos of shareholders.
- Property lease contract: A copy of the company’s office or commercial space lease contract.
- Certificate of Incorporation: If the company has been established in another country and wants to open a branch in Dubai.
- Business Plan: Contains information about goals, financial projections, and marketing plans.
- Power of Attorney: In the case of appointing another person to represent the company.
- Bank report: You may be required to submit a bank report proving that you have a good financial record.
- Police declaration (Good Conduct Certificate): may be required in some cases for shareholders and directors.
Advantages of establishing a company in Dubai
Establishing a company in Dubai provides many advantages to investors. Here are some of the benefits and advantages that you can gain from establishing a company in this emirate:
- Advanced business environment: Dubai has a modern and advanced business environment, which makes it easier for startups and medium-sized companies to obtain support and modern technology.
- Diversity of sectors: There is a great diversity of economic sectors available for investment in Dubai, which allows companies to choose the activity that suits their goals and vision.
- Easy access to regional markets: Dubai’s strategic location provides easy access to regional and global markets, which enhances international trade opportunities.
- Flexibility in foreign ownership: The company establishment system allows foreign investors to maintain a large percentage of ownership in their companies, especially in free zones and economic zones.
- Low establishment costs: Some areas, such as free zones and industrial districts, provide low establishment costs, which helps increase investment attractiveness.
- Advanced Infrastructure: Dubai has advanced infrastructure and modern facilities that support business activities and facilitate daily life.
- Ease of administrative procedures: The administrative system in Dubai provides ease and smoothness in corporate procedures, which helps speed up administrative processes.
- Political and economic stability: Dubai is characterized by political and economic stability, which ensures a reliable investment environment.
- Facilities for obtaining visas: The visa system in Dubai provides facilities for investors and workers to reside and work in the emirate.
- Diverse and multilingual community: Dubai’s diverse and multilingual community attracts international talent, facilitating recruitment and business interaction.
Our company’s role in simplifying the process of opening a company in Dubai
Establishing a company in Dubai is a strategic step that requires clear planning and a precise understanding of the costs involved in this process. In cooperation with Itqan Company, you can achieve this goal with ease and at a reasonable cost.
The costs of establishing a company in Dubai are affected by several factors, including the type of company and the free zone you choose. Generally, basic costs can include registration and establishment fees, as well as employee visa fees and rental and infrastructure costs.
It is also important to note that these costs depend on the scope of services provided by Itqan Company, as there may be additional costs for consulting or legal services that you may need.
By choosing Itqan Company, you will be on your way to establishing a successful company in Dubai at a reasonable cost and with the full support of a professional and specialized team because it has a major role in establishing your company in a successful and advanced manner.
The most frequently asked questions about the cost of establishing a company in Dubai
What types of companies can I establish in Dubai?
Companies can be established such as the Limited Liability Company (LLC), sole proprietorship, public company, private company, Free Zone Companies, and others.
What are the costs involved in establishing a company in the free zones in Dubai?
In free zones, costs are determined based on the type of company and its location. This includes company registration fees, office rental, and costs for additional services such as licenses and labor.
What are the expected additional costs after establishing the company?
After establishing the company, annual fees must be paid to renew the necessary licenses and permits, accounting costs, taxes, and labor-related fees.
Are there variable fees that vary depending on the type of company or location?
Yes, costs vary based on several factors such as the type of activity, geographic region, number of shareholders, and capital required.
Can I get more detailed information about the costs of setting up a particular company?
Certainly, you can obtain more detailed information about the costs of establishing your proposed company by contacting the relevant business centers in Dubai or by seeking consultants to help determine the necessary costs and procedures.
