Discover with us the steps to establish a company in Dubai at the lowest costs, because Dubai is one of the most prominent global destinations for business and investment, as it enjoys a strategic geographical location and advanced infrastructure that makes it a global center for trade. Many entrepreneurs want to establish their companies in Dubai at the lowest possible costs to make the most of the thriving economic environment. The process of establishing a company in Dubai includes a set of basic steps that must be followed carefully to ensure success and avoid excessive costs. Through this article, we will discuss the most important steps necessary to establish a company in Dubai at the lowest costs, focusing on the basic points that must be taken into account to achieve this goal.

Establishing a company in Dubai

Establishing a company in Dubai is an important strategic step for many entrepreneurs and investors around the world, given the many advantages that the emirate offers. Dubai, thanks to its distinct geographical location between East and West, provides an encouraging business environment and an attractive investment climate thanks to the advanced infrastructure, flexible legal framework, and tax exemptions available in many free zones. Establishing a company in Dubai requires following clear steps that include choosing the type of business activity, choosing the legal structure of the company, submitting the required papers, and obtaining the necessary licenses.

 Here is the following table that summarizes the common types of companies that can be established in Dubai:

Please note that this table provides an overview of the most common types, but there may be other types or additional requirements that may apply to specific situations. It is always recommended to consult local experts for full legal and regulatory advice.

Steps to establish a company in Dubai

Thanks to simplified procedures and continued government support, investors can successfully launch their businesses and achieve growth and prosperity in one of the fastest growing economies in the world. You can use Itqan Company to help you establish your company successfully through the following steps:

• Determining the company’s commercial activity: The first step in establishing companies in Dubai is to determine the nature of the activity in which you wish to work, as it is considered the most important legal procedure to facilitate the rest of the steps.
• Determine the legal form and interested parties: To determine the legal form of the company, you must determine the type of company to be established, whether it is a company (solidarity, limited liability, public joint stock, private joint stock, and others).
• Reserve the company’s trade name: The trade name is what distinguishes one company from another and must not contain an extraneous word and must express the company’s activity.
• Initial approval certificate: Initial approval to practice the activity must be obtained from the authorities related to the activity.

1. Preparing the articles of association and a service agent agreement
2. Choosing a headquarters for the company and documenting the lease contract
3. The company’s workplace must meet all requirements and all licenses from the municipality.
4. Obtaining approvals from the authorities organizing the activity
5. Obtaining additional approvals from the competent authorities such as: the Ministry of Economy, Interior, Justice or Civil Defense.
6. Receiving commercial licenses
7. Receive the activity license and then register as a member of the Chamber of Commerce and join as a member of the Chamber of Commerce.

Costs of steps to establish a company in Dubai

Establishing a company in Dubai requires attention to many financial aspects related to formal procedures, infrastructure and operational processes. The costs of setting up a company in Dubai include a variety of items that must be considered to ensure the project takes off legally and efficiently. Among these costs:

1. Commercial license fees: You must obtain the appropriate commercial license for the type of activity you wish to practice, which requires paying specific fees that vary depending on the activity and region.
2. Company registration fees: Includes the fees required to register the company with the relevant government agencies.
3. Rental contract costs: It is necessary to rent an office or workplace, and the rental cost varies depending on the location and space.
4. Visa issuance fees: Residence visas must be issued to founders and employees, and this process involves paying a specific fee for each visa.
5. Legal procedure costs: These include costs related to preparing and documenting legal documents such as the company’s articles of incorporation and articles of association.
6. Administrative fees: Includes various administrative fees associated with submitting applications and various government transactions.
7. Professional Services Costs: You may need consulting, accounting, or legal services to ensure the smooth running of the business and the company’s compliance with local laws and regulations.
8. Local sponsor fees (if necessary): If a local sponsor is needed, a specific fee must be paid to the sponsor.
9. Infrastructure construction costs: These include the costs of equipping the office with the equipment, furniture, and technology necessary to start operational operations.
   Once these basic costs are covered and all required procedures are completed, the new company can start operating in the favorable business environment in Dubai, and take advantage of the great opportunities offered by this thriving city.

Advantages of Itqan in the steps of establishing a company in Dubai

Itqan Company is one of the leading companies in the field of establishing companies in Dubai , and is distinguished by providing a set of services that facilitate the process of establishing their companies quickly and efficiently for investors and entrepreneurs. Among the most prominent advantages of dealing with Itqan in the steps of establishing a company in Dubai:

1. Specialized consultations: Itqan provides specialized consultations on the legal structure most appropriate for your type of business, helping you make the right decisions from the beginning.
2. Simplified and fast procedures: Thanks to its extensive experience in the local market, Itqan simplifies and accelerates all bureaucratic procedures, saving time and effort for investors.
3. Integrated support: Itqan provides integrated support that includes all stages of establishing the company, starting with choosing the company name and submitting the required papers, all the way to obtaining the necessary licenses.
4. A wide network of relationships: Itqan has a wide network of relationships with government agencies and local authorities, which facilitates the process of obtaining the necessary approvals and permits quickly.
5. Customized services: Itqan provides customized services that meet the needs of different clients, whether for small and medium-sized companies or large companies, ensuring that investment goals are achieved efficiently.
6. Competitive costs: Itqan provides its services at competitive costs, which helps investors achieve the maximum possible benefit from their capital.
7. Follow-up and support after establishment: Itqan services are not limited to the establishment stage only, but also provide continuous support after establishment to ensure business continuity and success.
   By benefiting from Itqan’s experience and strong network of relationships, investors can establish their companies in Dubai with ease and enjoy all the benefits that this global city offers.

In conclusion, establishing companies in Dubai represents a crucial strategic step for anyone seeking to grow and prosper in a dynamic and evolving business environment. Dubai has advanced infrastructure, flexible commercial laws, and an attractive investment climate that makes it an ideal destination for global business. By taking advantage of the specialized services and integrated support provided by companies such as Itqan, investors can efficiently overcome challenges and move towards success. The opportunities for growth and expansion in Dubai are unparalleled, as the local market enjoys high dynamism and diversity in different economic sectors. Therefore, every ambitious investor must look to Dubai as a distinguished investment destination that opens the doors of opportunities and enhances the possibilities of success and prosperity in the business world today and in the future.

Frequently asked questions about establishing a company in Dubai