Costs of setting up a company in Dubai. Establishing a company in Dubai requires good planning and knowledge of the costs associated with this process. In cooperation with Itqan Company, we can provide the necessary guidance and knowledge to understand and estimate the potential costs of successfully establishing a company.

The costs of setting up a company in Dubai vary based on several factors, such as the type of company, business activity, legal requirements, and local legislation. Major costs include licenses, permits, office costs, labor, rent, taxes, and legal expenses.

By consulting Itqan Company, costs can be accurately estimated and analyzed and all expected expenses can be met. Clients are provided with a comprehensive estimate of potential costs and monthly and annual expenses, including costs for legal, consulting and administrative services.

Thanks to cooperation with Itqan Company, more effective financial and cost benefits can be achieved in the process of establishing the company. Instead of incurring excessive costs and large cash flows, we can benefit from expert advice to achieve an optimal balance between costs and expected benefits.

In short, understanding the costs associated with setting up a company in Dubai is crucial to making sound strategic decisions. In cooperation with Itqan Company, it is possible to obtain accurate cost estimates and help plan financial resources in a precise manner, which contributes to avoiding unexpected surprises and achieving sustainable success in establishing the company.

Costs of establishing a company in Dubai

Establishing a company in Dubai includes several costs that vary based on the type of company, commercial activity, and legal requirements. It is important to note that specific cost figures may change over time depending on government policies and economic changes. However, here are several key costs you should take into consideration when setting up a company in Dubai:

• Registration fees: Fees are charged to register the company in the Dubai Commercial Registry. These fees may vary based on the type of company and its activity.
• License fees: License fees depend on the type of company and commercial activity. There may be an annual fee to renew the license.
• Office costs: You should take into account the costs of renting the office or commercial space. These costs vary depending on the size and location of the office.
• Support services fees: There may be fees for support services such as legal advice, accounting, insurance, marketing, etc.
• Labor costs: include the costs of hiring employees, their social and health insurance, and their salaries.
• Municipal License Fees: A municipal license may be required for some businesses, and there may be fees associated with this license.

You should remember that this information is an estimate and company incorporation costs may vary based on individual circumstances. It is recommended to consult with Itqan Company to obtain accurate and up-to-date details about the costs and procedures related to establishing a company in Dubai.

Types of licenses in Dubai 

There are several types of licenses available in Dubai based on the company\\\’s activity and requirements. Here are some common license types in Dubai:

• General Trade License: Allows companies to conduct business in multiple fields such as wholesale and retail trade.
• Local Company License: Related to establishing a local company owned and managed by UAE citizens.
• Foreign Company License: Foreign companies are allowed to open branches or subsidiaries in Dubai.
• Commercial Freedom License: Allows individuals to conduct business freely without the need for a specific company.
• Joint Company License: Allows a group of people to establish a company and share in the capital, profits and losses.
• Licensing of traditional craftsmen and crafts: This relates to licenses that enable individuals to practice traditional crafts and crafts related to traditional industries.
• Free Investment License: Allows foreign companies and investors to invest in various sectors by owning 100% of their real estate share.

These are just some of the common types of licenses in Dubai, and more licenses and permits may be available depending on government needs and laws. It is recommended to consult with the relevant regulatory authority or Itqan Company to determine the most appropriate license for the proposed company’s activity.

Requirements for establishing companies in Dubai

Here are some general requirements and procedures for establishing companies in Dubai . Please note that this information may change and you should obtain updated information from relevant authorities or a local business consultant before starting the incorporation process:

• Choose the type of company: Select the type of company you want to establish, such as a general trading company, a local company, a branch of a foreign company, etc.
• Company Name: Choose an appropriate name for the company and ensure that it complies with Dubai’s trade name and registration laws.
• Partnership Agreement: If the company includes partners, a partnership agreement must be prepared and signed that specifies the shares, rights and duties of the partners.
• Local Agency: In the event of establishing a local company, the investor needs to obtain a local agency from an Emirati citizen to be the local partner in the company.
• Contracts and legal documents: Prepare the contracts and legal documents necessary to establish the company, including the company charter, employment contracts, lease contracts, and others.
• Submitting documents: You may need to submit a set of required documents such as passports, identity photos, contracts, and completed forms according to government requirements.
• Company registration: You may need to visit the Department of Economic Development or the competent authority to submit a registration application and pay the required fees.
• Business License: After registering the company, you must obtain the business license for the company and register your employees.

This is just an overview of the basic requirements and procedures for establishing companies in Dubai. It is recommended to consult with the relevant regulatory authority, such as the Dubai Department of Economic Development or Itqan Company, to obtain updated and detailed guidance according to the company’s activity and its specific requirements.

The official cost of establishing companies in Dubai

The official cost of establishing companies in Dubai

The cost of establishing companies in Dubai , without mentioning numbers, depends on several factors, including the type of company, the size of capital, the location of the company, and the services required. Here is a set of common formal costs for establishing companies in Dubai:

• Company registration fees: These fees include company registration and range according to the type of company and the size of registered capital.
• Company establishment fees: Includes the costs of preparing legal documents, contracts, and other documents required to establish the company.
• Business License Fee: You need to pay the business license fee for the company according to its activity and the number of employees to be employed.
• Legal and accounting consulting fees: You may need to obtain legal and accounting consulting services to establish the company, and the costs of these services will be part of the total cost.
• Office rental fees: If you need an office for your company, this will include the cost of renting the office and rental costs may vary depending on the location and size of the space required.
• Health Insurance and Social Security Fees: You may need to pay fees to insure your employees\\\’ health and social security.

This is just an overview of the official costs of setting up a company in Dubai . It is recommended to consult with Itqan or the relevant authorities in Dubai to obtain more precise details about the actual costs and costs of additional procedures that may be required.

Know the costs of setting up a company in Dubai

In conclusion, it can be said that establishing a company in Dubai involves certain formal costs. However, it should be noted that these costs vary based on several factors, including the type of company, size of capital, location and services required, which requires consultation with local business consultants or relevant authorities in Dubai for more precise details.

In general, the formal costs of setting up a company in Dubai include company registration and incorporation fees, business license fees, legal and accounting consultation fees, office rental fees, and health insurance and social security fees.

It is important to emphasize the importance of cooperating with Itqan Company or local consultants with experience in the field of setting up companies in Dubai. They have the knowledge and experience to guide you through the company set-up process, including advising on actual costs, necessary procedures and ensuring compliance with legal and regulatory requirements.

In short, the process of setting up a company in Dubai requires financial investment and efforts to comply with legal and regulatory procedures. However, Dubai is a thriving investment environment and offers great opportunities for business. By collaborating with Itqan or local experts, you can achieve the success of your project and benefit from the benefits of the thriving market in Dubai.

Frequently asked questions about the costs of setting up a company in Dubai