The cost of Establishing a company in Dubai, is a bold and impressive move into the world of entrepreneurship. Dubai, a vibrant modern city and world trade hub, offers immense opportunities for individuals pursuing their entrepreneurial dreams. In order to succeed in this adventure, collaborating with Itqan can be a wise move. Itqan is a consulting firm specializing in establishing companies in Dubai. Distinguished by its extensive experience and qualified team, it provides comprehensive services including planning, legal advice, licensing, registration and logistical assistance.

Thanks to Itqan, investors can benefit from its expertise and guidance to facilitate the process of establishing the company in Dubai. The cost of establishing a company in Dubai varies depending on many factors, such as the type of company, the services required and the scope of work. However, investing in ITQAN\\\’s services is a smart investment that can help reduce costs and streamline the process.

Establishing a company in Dubai requires compliance with local laws and regulations, and this can be a challenging task for individuals with no industry experience. Therefore, collaborating with ITQAN can provide confidence, reassurance and professional guidance throughout the incorporation process. In conclusion, the cost of establishing a company in Dubai, by choosing Etqan as a reliable partner, investors can benefit from its outstanding services and help achieve their entrepreneurial goals.

Itqan will be the partner that provides the necessary support and advice for the successful establishment of the company in Dubai, helping you to get a head start in the thriving business world in this wonderful city.

Incorporation of companies in Dubai

Establishing companies in Dubai is a process that requires legal arrangements and administrative procedures. Dubai offers a great environment for entrepreneurship and fosters a thriving and competitive economy in the region. There are several options for establishing companies in Dubai, the most important of which are:

• Limited Liability Company – LLC: This is the most common form of company formation in Dubai. A foreign investor can take an ownership stake of up to 49%, while maintaining a partnership with a UAE national who owns the remainder.
• Free Zone Company: Free zones in Dubai are a popular choice for startups. These companies allow foreign investors 100% ownership of the company without the need for a local partner. It also provides many other benefits such as customs facilities and tax reductions.
• Offshore Company: These companies provide a flexible environment for international trade and investments. The company is registered in the Offshore area and enjoys financial confidentiality and legal independence.

Establishing a company in Dubai requires adherence to specific legal and regulatory procedures. You are advised to collaborate with experienced local legal and financial advisors to guide you through the process. Support and assistance is provided by government entities and business centers in Dubai to facilitate the process of establishing companies and achieving commercial success.

Cost of establishing a company in Dubai

The cost of setting up a company in Dubai varies based on several factors, including the type and structure of the company, and the services it may need. Here are some aspects to consider in terms of cost:

• Type of company:A sole proprietorship that typically requires lower costs than establishing a limited liability company (LLC), where the legal structure is less complex.A limited liability company (LLC) The fees for establishing an LLC are typically more expensive, requiring more complex legal and administrative procedures.
• Licenses and Permits:The cost includes the fees required to obtain the trade license and the necessary permits from the local authorities.
• Location: The cost may vary depending on the location of the company in a particular area of Dubai. Free zones may require additional fees.
• Legal and financial advice:If you need legal or financial advice from lawyers or financial advisors, these services may increase the cost.
• Government fees: Government fees include registration fees, license, and other services imposed by government agencies.
• Consulting Services: The cost may also include the use of consulting services to assist you in the company formation process.

Steps to establish a company in Dubai

Establishing a company in Dubai requires following specific steps to ensure compliance with local laws and regulations. Here are general steps to establishing a company in Dubai:

• Market study:Conduct a marketing study to understand the market needs and competition in the area where you plan to establish your company.
• Choose the type of company:Decide what type of company you want to establish, whether it is a sole proprietorship, a limited liability company (LLC), or a joint stock company.
• Choose names:Choose a name for your company and make sure it complies with local regulations and laws.
• Legal arrangements:specify the legal conditions and contracts for the incorporation of the company and specify the rights and obligations of the partners (if any).
• Locate:Choose the location where you would like your company to be located, whether it is within a free zone or in one of the other areas in Dubai.
• Obtaining approvals: You may need to obtain prior approvals from relevant authorities or government agencies.
• Submitting documents:Submit the required documents to the competent government authorities to register the company and obtain the commercial license.
• Payment of fees:Submit the fees required to register the company and obtain the necessary tax invoices and permits.
• Establish infrastructure: Establish an infrastructure for your company by hiring employees, defining their roles, and providing any operational supplies.
• Customer Registration:If you work in a sector that requires customer registration, take action.

Documents required to apply for incorporation of a company in Dubai

The documents required to apply for incorporation of a company in Dubai may vary based on the type of company and the activity you undertake. Typically, however, the following documents can include:

• Application Form: An official application form containing basic information about the proposed company.
• Passport Copy:A copy of the passport for both shareholders and partners.
• Personal photos: Personal photos of shareholders and partners.
• NOC: No Objection Certificate for both shareholders and partners.
• Company Memorandum of Association:A copy of the company\\\’s Memorandum of Association and Articles of Association.
• Approval of government agencies:In some cases, you may need approval from the relevant government agencies.
• Business Plan:A business plan that outlines the company\\\’s goals and plans.
• Lease contract:A copy of the lease contract to the address prescribed for the company.
• Registration Fees:Pay the fees required to register the company.
• Bank certificate:A bank certificate confirming the deposit of capital in the bank account of the Company.

Necessary licenses and permits for companies in Dubai

Companies in Dubai obtain the necessary work licenses and permits by following the procedures specified in the relevant authorities. Here\\\’s an overview of some common licenses and permits:

• Company License: The company license is the basic permit that allows the company to carry out its activities in Dubai.
• Business License:Requires companies to obtain a license for their main business activity.
• Work Permit: The work permit is granted to foreign employees to work in Dubai, and requires the company to submit applications for foreign employees.
• Group Work Permit: Relates to hiring a group of employees and securing their work permits.
• Freelance Permit: allows individuals to conduct their own business activities.
• Investment Permit: Includes investment permits for large projects or projects of an investment nature.
• Industry Permit:Required for companies working in the field of industry and production.
• Building and Construction Licenses: Real estate and construction projects require special building and construction licenses.
• Food and health licenses: For companies in the food service industry, special licenses are required to comply with health standards.
• Environmental Permit: Relates to companies that impact the environment and require permits to comply with environmental laws.

Types of companies available and their impact on costs

The UAE is one of the main destinations for entrepreneurship in the world, providing a distinguished investment environment, encouraging economic development and promoting innovation and innovation. One of the key steps investors have to take when starting their business in the UAE is to choose the right type of company for their business needs and goals. The available types of companies in the UAE vary in terms of legal structure, liability, required capital, etc., which directly affects the costs and financial needs of investors. Here are the types of companies and their impact on costs:

  Choosing the right type of company for your business in the UAE is a crucial step for the success of your business and the achievement of your business objectives. By understanding the different types of companies and their potential impact on costs, investors can make the right and appropriate decision for their needs and financial circumstances.

Cost of establishing a company in Dubai for foreigners

When it comes to setting up a business in Dubai, investors often question the cost differentials between foreigners and nationals or GCC nationals. The answer is yes, there is a difference in cost between these categories, but not necessarily due to a radical difference in procedures but rather as a result of some additional requirements that concern foreigners, which slightly increases costs.

1.  Additional requirements for foreign businessmen:

• Accommodation expenses: Foreign investors must bear the costs of additional accommodation, including securing a place to stay, obtaining a local driver\\\’s license, opening a bank account in the UAE, and the subsequent procedures.
• Translation and notarization fees: All documents related to the company must be translated into Arabic and officially notarized, and these procedures add translation and attestation expenses from the competent authorities.
• Additional government approvals: Establishing companies for foreigners requires obtaining some additional approvals either from the investor\\\’s country of origin or from the UAE Embassy or the UAE Ministry of Foreign Affairs.

2. Other Variances:

While these requirements do not require large amounts, they may result in an increase in cost due to the need for translation, documentation, and additional government approvals. These costs may not be huge but require thorough knowledge of local procedures and laws, which can take additional time.

• Cooperation with specialized offices:To deal with these additional requirements efficiently and save time, it is preferable to cooperate with offices specialized in establishing companies, where they can provide the necessary assistance to ensure that the procedures are completed quickly and accurately.

Establishing a company in Dubai provides a range of economic benefits and opportunities for investors. Here are some key aspects that can be features of starting a business in this region:

• Modern business environment:Dubai is one of the most developed and modern cities in the world, providing modern infrastructure and advanced technology.
• Expansion of markets: Dubai\\\’s prime location makes it a strategic turning point, enabling you to access diverse markets in the region and around the world.
• Incentive Policy:The UAE government adopts incentive policies to promote investment and facilitate the operations of companies.
• Flexible labour laws: Dubai has flexible labour laws and understands the needs of investors, contributing to a more flexible business environment.
• Tax facilities:obtaining tax benefits in Dubai, where the emirate does not tax profits or income.
• Advanced Infrastructure:Providing modern and advanced infrastructure that supports all aspects of life and business.
• Centers of Economic Freedom: The presence of economic free zones such as Jebel Ali provides additional flexibility and investment opportunities.
• Flexibility in legal form:Providing diverse options for corporate legal structures such as limited liability companies and sole proprietorships.
• Diversity of sectors: Dubai offers opportunities to invest in various sectors such as real estate, technology, tourism, and trade.
• International Presence:Dubai hosts many international exhibitions and events, which enhances the international presence of companies.

Requirements and procedures for establishing companies in Dubai

Establishing companies in Dubai requires adherence to several requirements and procedures. First, you must choose the right type of company for your business, whether it is a sole proprietorship, limited liability company, or partnership. The unique name of the company is then identified and an application for the registration of the company is submitted to the Department of Economic Development in Dubai. After that, the planned work location of the company shall be determined and the necessary approvals shall be obtained from the concerned authorities.

The required capital is also determined and the necessary contracts are signed such as the Memorandum of Association and the partners\\\’ contracts. After that, all documents and applications are submitted to the Department of Economic Development to register the company, and after registration, the necessary tax and commercial license is obtained. Ultimately, the Company shall comply with all legal requirements and local legislation applicable in Dubai.

Cost of establishing a company in Dubai

When considering establishing a company in Dubai, investors should keep in mind many different factors that may affect the final costs. Each type of company requires different amounts of money, and the cost can also be affected by legal factors and the region in which the company is located. Some of the most prominent factors that investors should consider when setting up a company in Dubai are:

Company Registration Fees: Company registration fees are one of the essential elements to consider when establishing any company in Dubai. This fee is considered to be a one-time payment only upon incorporation of the company, and it varies based on the structure of the company, the type of activity and the region in which the company will be incorporated. These fees can include the costs of registering the company in the commercial register and obtaining the legal documents necessary to start the business. These fees usually include the costs of processing transactions and providing administrative services by government agencies. The company registration fees are an essential part of the cost of establishing the company in Dubai and vary according to the company and its special requirements.

Trade License Fees: When looking to establish a company in Dubai, the fees for obtaining a trade license are one of the most important factors to consider. The cost of obtaining a trade license varies based on the type of business and activity carried out by the company, as well as the region that will be the location of the company. These fees must be paid once upon obtaining the license, and are considered an essential part of the costs of establishing the company in Dubai. The cost of obtaining a commercial license can range from medium to high amounts, and depends on several factors, including the nature of the business and the specific commercial area.

Capital: When considering the incorporation of a company in Dubai, capital is one of the main factors to be considered. The capital required to establish the company varies according to the type of company and its planned activity. For example, setting up an LLC can require a larger amount of money than setting up a sole proprietorship. Capital represents the financial value that shareholders provide to start the business activities of the company. The capital can be used to cover the initial costs of the company such as renting the office, purchasing equipment, paying legal fees, and financing other related activities. The required capital shall be in compliance with the requirements of local law in Dubai, and may be changed according to the future needs of the Company.

Market Entry Fee: In addition to the basic fees for establishing a company in Dubai, there are some additional fees that may be involved in the process of entering the market. Those fees may include waste costs, which are determined by the Dubai Waste Committee and estimated based on the size of the company\\\’s business. This fee may also include the foreign investor\\\’s residence fee in Dubai, which is estimated at a certain percentage of the value of the housing or office contract. Such additional fees should be taken into account when estimating the cost of establishing and operating the Company in Dubai.

Office Space Costs: Providing adequate office space is key when setting up a business in Dubai. Office space costs vary depending on the size of the company and its actual needs. Investors can choose from a variety of options, from small offices in small business centers to residential buildings for large companies. Office space costs in Dubai range from a variety of prices depending on the location and facilities available. Low-cost offices can be found in specific areas, while office space costs in luxury residential towers are higher. Some buildings offer fully equipped office spaces including furniture, reception and cleaning services, which increases their cost. Small businesses can benefit from low-cost office space in shared malls or low-cost buildings.

Invisible costs of setting up a startup in the UAE

Establishing a company in the UAE requires a lot of care and prior planning to deal with visible and hidden costs. When you start looking at costs related to setting up a company, apparent factors such as the cost of rent and licence fees are often at the forefront of attention. However, there are many hidden costs that must also be taken into account:

• The cost of renting or buying and equipping the company\\\’s headquarters: You should consider the costs of commercial real estate in the different regions of the UAE and provide a suitable budget for renting or buying in addition to the costs of equipping the office.
• Cost of Residence Visa: If you are a foreign investor or intend to bring in non-Emirati employees, you will need to pay for residency visas for them.
• Labour costs: In the absence of qualified local labour, you may need to sponsor non-Emirati workers and their labour costs.
• Housing costs for workers: If your company employs workers from outside the UAE, you must provide suitable housing for them in accordance with local laws.
• Municipal Fees and Medical Insurance: You may be subject to payment of municipal fees and medical insurance fees for employees, depending on local regulations.
• Bank Account Opening Costs: You may incur additional costs when opening bank accounts for the Company.
• Incorporation and notarial fees: In addition, you will need to pay a fee to notarize the documents required for the incorporation of the company.

The cost of establishing a company according to the legal form

The cost of establishing a company in Dubai varies greatly based on the legal form of the company and the services required. Here is an overview of some common legal formalities and their cost estimate:

Sole Proprietorship:

• It is considered one of the least expensive options.
• The cost can range from no direct cost to moderate fees for business registration.

Personal Company (Partnership):

• Additional cost is required for the preparation of partnership contracts and agreements between partners.
• Costs can be higher than for an individual company due to partnership regulation requirements.

Limited Liability Company – LLC:

• Includes the cost of registering and establishing the company and determining its legal structure.
• May include additional fees for legal advisors and other administrative services.

Joint Stock Company:

• It requires a higher cost due to the legal and financial complexity of this type of company.
• May include additional costs for legal advice, auditing and management.

Free Zone Company:

• Costs range depending on the exact quality of the company and the benefits provided by the free zone.
• It may include the costs of registration and renewal of the license, rent, and ancillary services.

Best Company Incorporation Offices in the UAE

Itqan is one of the best company formation offices in the UAE, providing comprehensive and specialized services to individuals and companies wishing to establish their business in the UAE. Itqan is professional and highly experienced in the field of company incorporation and providing legal and administrative advice. Here are some of the reasons why itqan is one of the best company incorporation offices in the UAE:

1. Experience and specialization: Itqan has a specialized team with extensive experience in the field of establishing companies and local laws and regulations, which ensures the provision of services with high professionalism in accordance with the highest quality standards.
2. Integrated guidance: Itqan provides integrated consulting and comprehensive guidance to customers, starting from choosing the appropriate legal structure for the company to completing all legal and administrative procedures necessary for the successful establishment of the company.
3. Wide network of relationships: Thanks to its extensive network of relationships in the local market and the ability to negotiate with government agencies, Etqan helps its customers facilitate all administrative procedures and legal clearances quickly and effectively.
4. Provision of legal support: Itqan provides integrated legal support to its clients, where the team of legal experts provides the necessary advice, resolves legal disputes and helps protect the rights of clients.
5. Excellent reputation: Itqan has an excellent reputation in the market, gaining the trust of many customers and achieving great success in establishing companies and providing consulting services.

In short, Etqan is an excellent choice for individuals and companies wishing to establish their business in the UAE, as it provides distinct and integrated services with a high level of professionalism and quality.

Why invest in Dubai

With its state-of-the-art infrastructure and state-of-the-art technological facilities, Dubai is one of the most attractive destinations for aspiring entrepreneurs seeking to start their businesses in the UAE. The Emirate of Dubai provides entrepreneurs with many advantages and luxury that contribute to the success and continuous development of their business. Building a company in Dubai is an ideal option for investors and entrepreneurs, as the emirate is known for its ability to attract startups and provide an ideal environment for business growth. Dubai has easy access to the local market and customers, making it more attractive to set up a business there than in free zones.

When you start your business in Dubai, you can choose from a wide range of areas suitable for setting up your business, whether in the vibrant malls or business buildings available in Greater Dubai. This multiple presence is a clear advantage for companies targeting the local market and seeking to take advantage of the ease of access to customers. Thus, establishing a company in Dubai is the ideal choice for companies aiming to succeed and grow in the local market.

The role of our company in establishing a company in Dubai

The cost of establishing a company in Dubai in cooperation with Etqan is a valuable investment to achieve commercial success. By working with Etqan, investors can benefit from the expertise and deep knowledge of its qualified team in the field of company formation in Dubai. The cost of establishing a company varies depending on several factors, including the type of company, the volume of work planned, and the services required.

Itqan will provide a transparent estimate of the total cost of the incorporation process, showing all necessary fees and expenses. When considering the cost, we must keep in mind that your cooperation with ITQAN not only provides the necessary legal and advisory support, but also helps to save the time and effort needed to complete. The ITQAN team will manage all the required administrative procedures and transactions accurately and effectively, allowing you to focus on the development and growth of your business idea.

In addition, ITQAN is a reliable partner that provides continuous support after the establishment of the company. The team will provide assistance in renewing licenses, complying with financial controls, and resolving any other legal issues that arise during your business trip. Choosing to collaborate with Itqan to establish your company in Dubai, you will receive a partner who will provide the necessary expertise and support to succeed in Dubai\\\’s dynamic business market. Feel free to take advantage of the services of Itqan to achieve your entrepreneurial goals and take advantage of the promising opportunities offered by this prosperous city.