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Steps to establish a company in Dubai at the lowest costs

Steps to establish a company in Dubai at the lowest costs

٢٧ مارس Steps to establish a company in Dubai at the lowest costs

When it comes to setting up a company in Dubai at the lowest costs, it is a smart and important move for many entrepreneurs and SMEs. Dubai provides a great environment for business and strong encouragement for new investors, offering many opportunities and benefits that attract companies from all over the world.

When embarking on this journey, it is important to understand the basic steps that need to be taken without bringing up high costs. It is preferable to start by studying the market and analyzing the available opportunities, as this step can help determine the most promising and appropriate areas for establishing the company. Next, consideration should be given to choosing the right type of company that matches the specific business objectives.

The importance of partnerships and cooperation with professional advisors cannot be ignored in this process, as they have the knowledge and experience necessary to guide you through the procedures with ease and smoothness. You should also pay attention to the legal requirements and local regulations required to establish a company, with an emphasis on keeping costs within appropriate limits.

In the end, establishing a company in Dubai at the lowest costs requires a clear vision, careful study of the steps and requirements, and cooperation with experts who can support you throughout this journey.

Steps to establish a company in Dubai at the lowest costs
Steps to establish a company in Dubai at the lowest costs

Steps to establish a company in Dubai 

The steps to establish a business in Dubai require the following:

  • Determine the company’s commercial activity

The first step in establishing companies in Dubai is to determine the nature of the activity you wish to work in, as it is considered the most important legal procedure to facilitate the rest of the steps.

  • Determine the legal form and parties involved

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.

  • Preparing the articles of association and a service agent agreement
  • Choosing a headquarters for the company and documenting the lease contract

The company’s workplace must meet all requirements and all licenses from the municipality.

  • Obtaining approvals from the authorities organizing the activity

Obtaining additional approvals from the competent authorities such as: the Ministry of Economy, Interior, Justice or Civil Defense.

  • Receiving commercial licenses

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.

Our advantages in the steps to establish a company in Dubai 

Our company is one of the largest company establishment companies in Dubai , which is distinguished by many advantages, including:

  • We have the largest, most experienced and well-trained team to assist investors and provide all information about the steps to establish a company in Dubai.
  • We have many years of experience in establishing companies in Dubai, which makes us highly qualified to serve our clients efficiently.
  • We have the knowledge and experience that qualifies us to recommend to our clients the best places for investment.
  • We have a strong network of relationships with the competent authorities to facilitate all necessary procedures during the steps of establishing a company in Dubai.
  • We are distinguished by the efficiency that qualifies us to start establishing companies in the shortest possible time.
  • The prices of our services that we provide to investors and businessmen are unbeatable.

 

Costs of establishing a company in Dubai
Costs of establishing a company in Dubai

Costs of establishing a company in Dubai 

The costs of establishing a company in Dubai are affected by several factors such as the type of company, business activity, and legal requirements. Here’s an overview of the costs of setting up a company in Dubai:

  • License fees: License fees vary depending on the type of company. For example, the costs of licensing a sole proprietorship differ from licensing a limited liability company.
  • Required capital: The financial value required as capital for the company depends on the type of company and business activity. For example, general trading companies can require higher capital than service companies.
  • Company registration fees: Fees are paid to register the company in the Dubai Companies Registry, and these fees vary depending on the type of company and local laws.
    Consulting and legal fees: It is recommended to contract with legal consultants and lawyers, which our company provides to you to assist you in the legal and administrative procedures for establishing the company. These services include consulting and legal fees.
  • Office and Labor Costs: The costs of renting an office or work space and hiring the labor necessary to operate the company must also be calculated.
    Taxes and annual administrative fees: Funds must be provided to pay the annual fees and taxes required by companies in Dubai.
  • Document translation costs: You may need to translate the documents needed to establish the company, and this adds an additional cost.
  • Marketing and advertising costs: Establishment costs can also include marketing and advertising costs to attract customers and build brand identity.

Establishing a company at the lowest cost in a free zone in Dubai

Establishing a company at the lowest cost in a free zone in Dubai can be an attractive option for many investors. Here are some tips to reduce costs when establishing your company in a free zone in Dubai :

  1. Choosing the appropriate company type: Choose the company type that suits your business and allows for the lowest capital requirements and administrative costs. For example, a sole proprietorship may be less expensive than an LLC.
  2. Use ancillary services: Use the services of local legal and accounting consulting firms to save on administration costs and ensure legal compliance.
  3. Use shared offices: Apply for a shared office in a free zone, where you can share workspace and costs with other companies.
  4. Electronic registration: Rely on electronic processes for registration and licensing to save costs and time.
  5. Use direct government services: Communicate directly with government agencies in the free zone to obtain accurate information about fees and requirements without the need for intermediaries.
  6. Benefit from tax deductions: Look for offers and tax deductions that you can benefit from as an investor in a free zone.
  7. Carefully define needs: Identify the company’s core needs and invest in them first, then provide expansions and improvements over time.

Types of companies available in Dubai

Type of Companya description
Sole proprietorshipIt is owned by one person and the liability is unlimited.
Limited Liability Company (LLC)It is owned by partners and liability is limited to the extent of the capital invested.
Public Joint Stock Company (PJSC)The ownership of the company is open to the public and it can enter the stock exchange to attract capital.
Private Joint Stock Company (PSC)It operates in specific sectors and is owned by partners, government agencies or private institutions.
Joint Stock Limited Liability Company (PLC)Liability is limited to the partners and they are shareholders in the capital according to their ownership percentages.
CompanyA subsidiary of a parent company operating in another country and having the same identity as the parent company.
Consolidated limited liability companyIt brings together a group of companies in one course of business and liability is limited to each separately.
Joint companyIt is owned by multiple companies that work together on a specific project and profits and losses are divided between them.

Please note that this table provides a general overview and does not necessarily include all types of companies available in Dubai. Contact us now to obtain accurate and updated information about the available options that suit your needs and business requirements.

 

Frequently asked questions about setting up a company in Dubai

What are the initial steps to take to establish a company in Dubai at low costs?

You must begin by studying the market and determining the appropriate business activity, then choosing the appropriate type of company, such as a sole proprietorship or limited liability company.

Can I establish a company in Dubai at the lowest costs without needing consulting assistance?

It is possible, but it is best to seek advice from professional advisors to ensure compliance with local laws and avoid potential problems in the future.

What are the basic costs to consider when setting up a company in Dubai?

Basic costs include company registration fees, legal advice fees, and infrastructure set-up costs such as a business address and furniture.

Can I establish a company at the lowest cost in the Dubai Free Zone?

Yes, Dubai free zones provide an ideal environment for establishing companies at relatively low costs with favorable tax benefits.