Establishing a company in Dubai is an important and interesting investment step, and in this article we will talk about the cost of establishing a company in Dubai in cooperation with Itqan Company, and its role in facilitating this process.

Dubai is considered one of the most attractive cities for business and investment in the Middle East, as it provides an approved and suitable environment for establishing companies in various sectors. However, investors must take into consideration the cost of setting up a company in Dubai and the procedures involved.

Here comes Etqan Company to provide support and assistance in facilitating the process of establishing a company in Dubai . The company works to provide specialized services to investors who want to establish their companies in this wonderful city. Thanks to your cooperation with Itqan Company, you can benefit from expert knowledge and professional guidance to achieve the success of your business project.

Knowing the cost of setting up a company in Dubai is vital for potential investors, as costs vary based on the type of company and the sector in which it operates. Potential costs include registration and licensing fees, rental and staff costs, taxes and other administrative expenses.

Establishing a company in Dubai

Setting up a company in Dubai can be a fruitful and exciting move. Here are general steps that can be followed to establish a company in Dubai:

1. Market study and planning: Before embarking on any legal procedures, you must study the local market and determine the type of company you want to establish, and the availability of demand for your services or products in Dubai.
2. Choosing the legal type of company: You can choose between several types of companies in Dubai, such as a local company, an investment company, a sole proprietorship, or a partnership.
3. Choosing and registering a name: A name must be chosen for the company that complies with local regulations and laws, and then the name is registered with the Department of Commerce and Industry in Dubai.
4. Determine the location: You must determine a location for your business in Dubai, whether it is in a commercial complex or in an industrial area, and ensure that the necessary licenses are available for the activity you are carrying out.
5. Establishing the company: After choosing the legal type of the company and registering the name, the founders must submit all necessary documents and pay the fees required to establish the company before the competent government authorities.
6. Obtaining the necessary licenses: After establishing the company, you must obtain the necessary licenses and permits to conduct your business in Dubai.
7. Recruiting employees: If you need employees, you can start the recruitment process and choose the right people to work in your company.
8. Compliance with tax and financial controls: You must adhere to all local tax and financial controls in Dubai and submit tax reports and returns regularly.

Approximate cost of setting up a company in Dubai

The cost of setting up a company in Dubai varies greatly depending on the type of company, the activity it undertakes, and the individual needs of the company. However, a rough estimate can be provided of the basic costs you may incur when setting up a company in Dubai. Please note that these costs are estimates and may actually vary:

• Registration and licensing fees: These include fees paid to local authorities such as the Dubai Department of Economic Development or the Dubai Department of Economy.
• Legal and accounting consulting fees: You may need to obtain consulting services to establish the company and ensure your compliance with local laws and regulations.
• Office and administration costs: These costs include renting an office or work space, purchasing furniture and equipment, and general company administration costs.
• Recruitment and Initial Training Costs: If you plan to hire employees at the start of the business, you will need to consider recruitment and initial training costs.
• Taxes and other financial fees: These fees may include value-added tax (VAT), account fees, and any other fees related to financial matters.
• Additional costs: Additional costs may arise such as advertising and marketing costs, travel and transportation costs, etc.

Costs of obtaining the necessary licenses for the company’s activity

The costs of obtaining the necessary licenses for company activity in Dubai vary depending on the type of company and the type of activity it carries out. Here are some points that can affect costs:

1. Company type: Do you intend to establish a sole proprietorship, limited liability company, joint stock company, or private joint stock company? Each type of company requires different procedures and licenses.
2. Company activity: Specific licenses are required for certain activities, and costs may vary depending on the type of activity, such as retail, manufacturing, professional services, logistics, and others.
3. Location: Costs also change depending on where the company is established in Dubai, whether it is in a free zone or in the central areas.
4. Government fees: Government fees include the costs of registering the company, renewing the business license, paying taxes, and others.
5. Additional Services: You may need additional services such as legal or financial consulting services which can increase the cost.

Costs related to recruitment and human resources

The costs of hiring and managing human resources vary greatly depending on several factors, including company size, industry sector, geographic location, skills required, local labor market, and others. Here are some key items that may affect costs:

1. Recruitment: These costs include job advertising, interview and evaluation costs, and costs related to training new employees.
2. Wages and Benefits: These include employees’ monthly or annual wages, in addition to benefits such as medical insurance, paid vacations, and social insurance.
3. Training and development: These costs can be related to training new employees and developing their skills, as well as ongoing training for existing employees.
4. Infrastructure and technology: You may need investments in infrastructure and technology to manage HR-related processes, such as human resource management systems (HRIS) and software for recruitment and evaluation.
5. External Recruitment: In some cases, you may need to use the services of recruitment agencies or consulting offices to assist with recruitment, and this can result in additional costs.
6. Perks and Rewards: These costs can include additional perks such as bonuses and incentives for employees.

Taxes that my company must pay in Dubai

In Dubai, there are several types of taxes that may be required for your company, the main taxes include the following:

1. Value Added Tax (VAT): VAT has been implemented in the UAE (including Dubai) since January 2018. The standard rate of VAT in the UAE is 5%, and businesses must register VAT if their annual turnover exceeds a specified threshold. to sign up.
2. Corporate Tax: There is no corporate tax on income in Dubai for non-residents. However, corporate tax applies to banks and real estate companies.
3. Annual License Fees: Businesses must pay an annual fee to renew their business licenses and other permits.
4. Real estate tax: Businesses may be required to pay real estate tax on real property they own or use for business purposes.
5. Work and visa fees: These fees include the costs of obtaining work permits and residence visas for foreign employees.

Licenses required to start business in Dubai

To start working in Dubai, you usually need to obtain different licenses depending on the type of activity you plan to do. Here is a general list of some common licenses you may need to start working in Dubai:

• Business License: You must obtain a business license from the Department of Economic Development in Dubai or from the authority responsible for commercial licensing in the region in which you plan to establish your company.
• Building permit and use permit: If you plan to establish an office, factory, or shop, you may need to obtain a building permit and use permit from the local municipality.
• Health and Safety Licenses: There may be specific health and safety licenses required depending on your activity, such as restaurant and café licenses or medical facility licenses.
• Work Permits and Residence Visas: You must obtain work permits and residence visas for foreign employees if you intend to employ them.
• Trademark and patent licenses: If you have a trademark or invention that must be legally protected, you may need to register it and obtain the appropriate licenses.
• Environment and Infrastructure Licenses: In some cases, you may need special environment and infrastructure licenses if your activities affect the environment or require special infrastructure.