The cost of establishing a company in Dubai is one of the most important things that must be taken into account, even if initially, when thinking about establishing a company in Dubai. Therefore, businessmen and investors seek to know the cost of establishing a company in Dubai, taking into account the tax exemption advantage provided by the government in the Emirates. In this article, we will discuss the cost of setting up a company in Dubai that will help you lay the foundation for the cost of setting up a company in Dubai.

It is worth noting that the cost of establishing a company in Dubai includes several aspects, including registration fees, rent, employee salaries, in addition to other operational expenses. These costs vary depending on the type of company and the area in which you want to establish your company, whether it is in the free zone or within the city. In short, knowing the cost of setting up a company in Dubai is an essential step to ensuring the success and sustainability of your project.

The cost of establishing a company in Dubai

Although businessmen and investors are heading to the UAE thanks to the advantages it offers, including tax exemption, there are a group of licenses that require financial fees that must be taken into account when calculating the cost of establishing a company in Dubai.

If you want to invest in Dubai, you must know that the cost of establishing a company in Dubai varies from one region to another, as there are many cases such as:

• There are some regions that require opening a bank account in the name of the company and depositing a minimum amount of capital to establish companies there.
• The cost varies if you establish a subsidiary of another main company elsewhere.
• The expenses of sponsoring employees and obtaining the necessary visas and papers are also part of the cost of establishing a company in Dubai.
• The costs of importing goods are paid to customs in Dubai.
• The cost of the commercial license “license to practice business”.
• The cost of the company’s headquarters, whether purchasing or renting a site.
• The company’s furnishing costs, including furniture, decor, etc.
• The cost of establishing a company in Dubai varies according to the legal form, as the costs of establishing industrial companies are higher than other commercial or professional companies.

The features we offer at Itqan to investors

Are you looking for the lowest cost of establishing a company in Dubai ? We are here to help you. Do not hesitate to contact us and our experts will facilitate all necessary procedures, as we offer you many features that will help you reduce the cost of establishing a company in Dubai.

• Our support team provides all facilities and clears procedures and papers, which include choosing the trade name and activity and obtaining approvals and documents.
• Dealing with various government agencies to obtain a business license in the shortest possible time and at the lowest cost of establishing a company in Dubai.
• Do not hesitate to contact us now to find out all the details, and our experts will help you start knowing the cost of establishing a company in Dubai.

Steps to establish a company in Dubai

Choosing the type of company is where you choose the type of company that suits your needs, such as a sole proprietorship, limited company, or partnership. Here are general steps for establishing a company in Dubai:

• Choosing a company name: Make sure that the company name you choose is compatible with UAE laws and is not already in use.
• Location selection: Determine the area in which you would like to establish your company, whether it is in a free zone or in the regular market.
• Arranging incorporation documents: Prepare the documents required to register the company, such as a passport, permits, and partner contracts if the company is a partnership.
• Submitting the application and registration: Submit the registration application to the competent authorities in Dubai, and follow the required procedures to complete the registration process.
• Obtaining licenses and permits: Once the company registration is approved, obtain the necessary licenses and permits to start operating legally.
• Opening a bank account: Open a bank account for the company to facilitate trading and financial transactions.
• Tax registration: Register the company with the local tax authority to comply with local tax legislation.

The importance of establishing companies in Dubai

The importance of establishing a company in Dubai is very great, for several reasons:

Favorable business environment:

1. Dubai offers a stable and secure business environment with world-class infrastructure.
2. Attractive tax and customs incentives encourage investment and companies to establish.

Strategic location:

1. Dubai is located in a strategic location between the continents of Europe, Asia and Africa.
2. This distinctive geographical location facilitates communication and international trade.

Advanced infrastructure:

1. The presence of global facilities such as airports, ports, roads, and advanced communications networks.
2. This infrastructure facilitates corporate operations and provides operational efficiency.

Political and economic stability:

1. Dubai enjoys political and economic stability, which provides a safe environment for investment.
2. This stability enhances the confidence of companies to establish and grow in Dubai.

Economic diversification:

1. Dubai has a diversified economy with multiple sectors such as trade, tourism and technology.
2. This diversity provides various opportunities for companies to grow their business.
3. For these and other reasons, Dubai is considered a preferred destination for establishing companies at the regional and global levels.

Documents required to establish a company in Dubai

To establish a company in Dubai, you usually need some documents that you need when you start submitting them to establish your company successfully, and these documents are represented in the following points:

1. Copy of passport: for both the founders and legal partners (if any).
2. Business plan: A detailed document describing the company’s activity and future plans.
3. The company’s articles of incorporation: determines the company’s structure and legal type.
4. Certificate of good standing: for founders.
5. Investment permit: given by the Economic Development Authority or the competent authority.
6. Approval from other government agencies: If the company operates in certain sectors such as health or education.
7. Lease contracts: for company offices if necessary.
8. Financial report: required in some cases for large companies.
9. Statements from banks: If there are investments or capital, this must be clarified.
10. Import and export declarations: if the company intends to deal internationally.
11. These documents may vary slightly depending on the type of company and the sector in which it operates, and it is always best to consult an office specialized in company incorporation to ensure that all legal and administrative requirements are met.

Itqan Company services in establishing companies in Dubai

Itqan is one of the leading law and legal consulting firms in Dubai, which provides specialized services in establishing companies to local and international clients. Some of the main services provided by Itqan Company in the field of company formation in Dubai include:

1. Legal advice: Providing comprehensive legal advice on the best legal structures and types of companies suitable for the client’s needs.
2. Company Registration: Assistance in company registration procedures and issuing the necessary commercial licenses from the competent authorities in Dubai.
3. Establishing branches and offices: Assistance in establishing branches and offices of foreign companies in Dubai.
4. Legal Compliance Management: Continuous follow-up to ensure the company’s compliance with Dubai’s commercial laws and regulations.
5. Administrative and operational services: Providing comprehensive administrative and operational solutions to help launch and operate the company smoothly.
   In general, Itqan Company has extensive experience in the field of establishing companies in Dubai and provides integrated solutions that help clients achieve their business goals smoothly and efficiently. If you have any additional questions, feel free to ask.

In conclusion, setting up a company in Dubai requires a lot of effort and careful planning, but the end result is worth it. Dubai offers a thriving business environment and tremendous growth opportunities for successful companies. By benefiting from the expertise and distinguished services of consulting companies such as Itqan, investors and entrepreneurs can overcome challenges and establish strong and successful companies in Dubai.

Patience and commitment to complying with local laws and regulations are key to the success of any business in Dubai. With the help of local legal experts and consultants, entrepreneurs will be able to overcome obstacles and achieve their business goals in this dynamic business environment. Dubai is the ideal destination for establishing and growing companies in the Middle East.

Frequently asked questions about establishing companies in Dubai