Costs and procedures for establishing a company in Dubai

An article about the costs and procedures for establishing a company in Dubai is an important topic for many who aspire to begin the journey of entrepreneurship in this country that is witnessing remarkable economic growth. Establishing a company in Dubai requires a good understanding of the procedures and costs involved in this process. Dubai is an important international business centre, making it an ideal destination for starting a business in the Middle East.

Dubai is known for its flexible and business-friendly economic environment, with the government providing the necessary support and resources to investors and businessmen. But before embarking on the process of establishing a company, those taking this step must be fully aware of the costs and procedures that await them.

Establishing a company in Dubai

Establishing a company in Dubai in cooperation with Itqan is considered an important strategic step for entrepreneurship in the developed emirate of Dubai. This cooperation provides various opportunities for growth and expansion in the Middle East and global market. Thanks to Dubai’s advanced and flexible business environment, new companies can benefit from cutting-edge infrastructure and government support to accelerate their operations and achieve their goals.

In addition, our company can provide expertise and guidance in the establishment and management processes of the business, helping to achieve success and sustainability. This partnership combines local expertise with global knowledge, creating fruitful opportunities for new companies to grow and prosper in Dubai’s dynamic business market.

The cost of establishing a company in Dubai

The cost of establishing a company in Dubai includes several costs and fees that vary according to the nature of the activity and the region, as follows:

• Costs of obtaining a commercial license (license to practice business).
• The costs of renting or purchasing the site where the business will be conducted.
• All costs related to workplace furnishings.
• Fees for clearing work permits and sponsorships related to expatriate employees and the necessary visas for them in the name of the company.
• Open a bank account and deposit the minimum capital into it.
• The legal form of the company requires costs that vary according to the nature of the activity, whether industrial, commercial, or professional, and industrial activity has the highest costs.
• Fees for obtaining a commercial license in order to determine the cost of establishing a company in Dubai.

The cost of establishing a company in Dubai is divided into two costs

First: Obtaining the necessary licenses to practice the company’s activity

• The fees for initial approval to conduct the company’s business are approximately 100 UAE dirhams.
• The fee for issuing a company name is about 210 AED.
• Obtaining licenses for the company’s activity according to the type of activity varies from one activity to another, as the fees for issuing a professional business license are estimated at 500 UAE dirhams, and issuing a business license is 600 UAE dirhams.
• The fee for obtaining services from an authorized agent’s office is approximately 500 AED.
• Receiving and printing the license, the fee is estimated at approximately 500 UAE dirhams.

Second: Entry fees to the markets

The second fee regarding the cost of establishing a company in Dubai is market entry fees:

• The cost of entering markets subject to the local law system is approximately 5% of the value of the company’s lease contract.
• There are fees estimated by a committee affiliated with the competent authorities in Dubai regarding if the company’s headquarters is owned by a foreign investor.
• Residence fees for foreign investors in Dubai are estimated at approximately 5% of the value of the housing contract.
• Waste fees are estimated by the UAE Waste Committee.

Need more information and accurate numbers about the cost of establishing a company in Dubai?

Contact us. We are experienced in establishing companies in free zones in Dubai and we have a trained team to serve customers with high efficiency. Contact us now.

Types of companies in Dubai

In Dubai, the types of companies vary widely to meet the needs of the market and local and international investors. Here is a table showing the main types of companies in Dubai:

These are some of the main types of companies in Dubai, and other forms of companies also exist depending on the market needs and local laws.

Steps to establish a company in Dubai

Establishing a company in Dubai requires following a series of basic steps. First, the founder must determine the type of company he wants to create. Here are the steps for establishing a company in Dubai:

• Determine the type of company: Start by determining the type of company you want to establish, whether it is a sole proprietorship, a limited liability company, or a joint venture.
• Choosing a name: Choose an appropriate name for the company that complies with local laws and regulations.
• Arranging the required documents: Prepare all documents necessary for registration, such as passport, residence visa (if necessary), and company incorporation documents.
• Registration with the competent government body: Find out where the company must be registered and submit the registration application with the required documents.
• Residence visa for employees: If you intend to employ employees, you will need residence visas for them.
• Industrial License: It may be necessary to obtain an industrial license depending on the type of activity your company undertakes.
• Bank Account: Open a company bank account at a local bank.
• Employee visas: Arrange visas for foreign employees if you intend to employ them.
• Work Visa: Determine if you need a work visa for yourself as an employer.
• Health and social insurance: Make sure that your company registers health and social insurance for employees in accordance with local legislation.
• Additional licenses (if necessary): Request additional licenses that you may need depending on the type of activity your company conducts.
• Establishing a tax account: Establish a tax account for the company and commit to registering and filing periodically for taxes.

Establishing a company in Dubai requires following local regulations and legislation, so the steps can vary based on the type of company and the activity it undertakes. It is important to consult with Itqan Company for accurate and detailed instructions.

The importance of establishing a company in Dubai

Establishing a company in Dubai is of great importance due to the many benefits offered by this leading economic emirate in the United Arab Emirates. Here are some reasons why setting up a company in Dubai is important:

• Advanced Business Environment: Dubai provides an advanced and open business environment with laws and regulations that encourage investment and entrepreneurship.
• Strategic location: Dubai is considered a center for global trade and an important strategic location for expansion into regional and global markets.
• Advanced infrastructure: Dubai provides a modern and advanced infrastructure that includes airports, ports, and advanced transportation networks, which facilitates shipping and distribution operations.
• Government Facilities: The Dubai Government provides a range of government facilities and programs that support emerging companies and encourage innovation and investment.
• Economic Diversity: Dubai’s economy offers wide diversity in economic sectors such as trade, tourism, real estate, technology, and financial services, which provides various opportunities for establishing companies.

In short, establishing a company in Dubai provides the opportunity to benefit from the advanced business environment and economic diversity, which contributes to the company’s success and achieving growth and prosperity.

Conditions for opening a company in Dubai

The company must obtain a license to practice its economic activity from the competent authorities in Dubai, and this depends on the type of activity. Here are some basic conditions for opening a company in Dubai:

• Basic capital: Establishing a company may require a specific basic capital, and this varies depending on the type of company.
• Government licenses: The company may need to obtain additional licenses from the relevant government authorities depending on its activity, such as environmental licenses or health licenses.
• Residence Permit: The company must have a valid residence permit for foreign founders and employees if they plan to work for the company.
• Health and social insurance: It may be necessary to register in the health and social insurance system for employees according to local regulations.
• Visas: The company must obtain work visas for the foreign employees it intends to hire.
• Applying for registration: The company must submit a registration application to the competent authorities in Dubai and submit all required documents.

These are some of the basic conditions for opening a company in Dubai, and these conditions can change based on the type of company and the economic activity it undertakes.

Documents required to open a company in Dubai

Here is a list of the basic papers you may need to establish a company in Dubai :

• Registration application form: You must fill out and submit the registration application form required by the competent government authorities.
• Copy of passport for founders: A certified copy of the passports of all founders and shareholders of the company must be submitted.
• Personal photographs: It may be necessary to provide personal photographs of the founders.
• Bank letter: Some companies may require a bank letter confirming the presence of core capital in a bank account.
• Articles of Association and Articles of Association: The Articles of Association and Articles of Association of the company must be prepared and submitted.
• Financial Report: In some cases, a company may be required to submit a financial report showing the financial position of the company.
• Activity Licenses: Some companies may require the submission of their own activity licenses.
• Additional Government Declarations: The company may need to submit additional government declarations depending on the type of activity and local laws.
• Residence Permit and Work Visas: Residence permit and work visas must be provided for foreign founders and employees if they are required.

Remember that this list is not entirely comprehensive, and the required documents may vary depending on the type of company and economic activity you intend to engage in. It is best to consult a specialized Itqan company to ensure that all necessary documents are submitted in accordance with local laws and regulations.

Obtaining a commercial license to establish a company in Dubai

To benefit from current information on how to obtain a commercial license in Dubai , it is recommended to contact Itqan Company, which helps you obtain the steps and requirements for establishing companies in Dubai and how to obtain the necessary licenses. This may include the required procedures, required documents, and fees related to the extraction process.

In general, here are the basic steps that may be involved in the process of obtaining a commercial license in Dubai:

• Determine the type of company and economic activity you intend to engage in.
• Preparing the required documents such as the company’s articles of association and articles of association.
• Submit an application to obtain a commercial license to the Department of Economic Development in Dubai.
• Submit the required documents and pay the prescribed fees.
• Waiting for approval and receiving the trade license.
• It is important to check the latest information and updates from the relevant authorities before starting the company establishment process.

Our company’s role in establishing a company in Dubai

In conclusion, it can be said that establishing a company in Dubai is an important strategic step for entrepreneurship in the modern and advanced emirate of Dubai. Dubai provides an ideal business environment with flexible laws and regulations, a strategic location and advanced infrastructure, making it one of the most attractive destinations for entrepreneurship and investment in the region. Thanks to the economic diversity and government facilities available, investors can benefit from great opportunities for success and growth in Dubai. Therefore, everyone who is thinking about starting a company should take advantage of this opportunity and begin their journey towards building a prosperous future in the capital of business and innovation, Dubai.

Frequently asked questions about establishing a company in Dubai