Some people would like to know what are the costs of establishing a company in the Emirates. It is an important and exciting investment step in light of the dynamic economic environment that the country enjoys. The UAE is characterized by political stability, clear laws, and appropriate legislation that enhances the business environment and encourages growth and prosperity. However, potential investors should be aware of the costs and factors related to setting up a company in the UAE.

The costs of establishing a company in the UAE vary according to the type of company, its location, size, and expected scope of business. There are several types of companies that can be established in the UAE, including limited liability companies, joint stock companies, sole proprietorships, and partnerships. Investors should decide what type of company they want to establish based on their business needs and goals.

The basic costs of establishing a company in the UAE include registration costs, licenses, and government fees. Investors must pay the necessary registration and licensing fees to the Business Regulatory Authority in the emirate in which they wish to establish the company. These fees vary from one emirate to another and depend on the type of company and registered capital. In addition, there may be additional fees for obtaining specific licenses depending on the proposed company activity.

How to establish a company in the UAE

Establishing a company in the UAE requires following specific legal and administrative procedures. Here are the general steps to establish a company in the UAE:

• Study the market and formulate a business plan: Before starting to establish the company, you must study the local market and analyze the available opportunities and challenges. Drafts an integrated business plan that defines the company\\\’s goals, strategies, and financial business model.
• Choosing the type of company: You must determine the type of company you want to establish. It can be a local company (based on UAE nationals), a national company (joint between UAE citizens and foreign investors) or a subsidiary of a foreign company.
• Choosing a company name and registering: Choose an appropriate name for the company and make sure it is available and not similar to the names of other companies. Register the company with the Business Regulatory Authority (Department of Economic Development) in the emirate in which you wish to establish the company.
• Providing a local partner (for local companies): If you plan to establish a local company in the UAE, you must provide a local partner who is a UAE citizen. This local partner will retain a 51% stake in the company, but agreements can be reached to regulate rights, duties and profit distribution.
• Preparing the required documents: Prepare and prepare the documents required to establish the company, such as financial forms, contracts, passports, and personal photos of shareholders and managers.
• Obtaining licenses: You may need to obtain specific licenses depending on the proposed company activity. You can apply to obtain the necessary licenses from the competent authorities, such as the Federal Authority for Nuclear Regulation or the Telecommunications Regulatory Authority.
• Opening a bank account: Open a bank account in the UAE or in one of the recognized local banks. You will need to provide the required documents and financial information to open the account.
• Work visa: If you intend to work for the established company, you will need to obtain the appropriate work visa. You can apply for a work visa from the Federal Authority for Identity and Citizenship or from the Labor Department in the relevant emirate.
• Head Office Establishment and Staffing: Establish, equip and furnish the company’s head office. Carry out the necessary recruitment process to select the right employees to run the company.
• Compliance with laws and legislation: Ensure compliance with all local laws and legislation in the UAE related to the establishment and operation of companies.

Costs of establishing a company in the UAE

The costs of establishing a company in the Emirates  are limited to several expenses, which are as follows:

The costs of establishing a company in the Emirates vary based on several factors, including the type of company, its activity, and the emirate in which the establishment process takes place. There are some expenses that may be included in the costs of establishing the company, including:

1. Company registration fees: Includes company registration fees with the Business Regulatory Authority (Department of Economic Development) in the relevant emirate. These fees vary depending on the type of company and the size of the registered capital.
2. Activity license fees: You may need to pay fees to obtain specific licenses related to the company\\\’s activity. These fees vary based on the type of activity and the competent authorities.
3. Legal and accounting consultation fees: You may need to consult Itqan Company experts to assist you in the process of establishing the company and complying with local laws. These fees may include costs for document preparation and general legal advice.
4. Professional services fees: If you rely on the services of Itqan Company, you may pay fees to them for their services.
5. Office and Space Establishment Fees: If you need to rent an office or space for your company, you will incur office rental costs and rental fees. You should remember that these expenses are estimated costs and may vary based on many factors specific to your company. It is always recommended to consult with Itqan Company consultants for Get a specific and updated cost estimate for establishing your company in the UAE.

How to establish a company in the UAE

Residence and investment in the Emirates

The UAE is considered one of the best distinguished places in which one can invest, but investing in the Emirates requires many conditions, and the most important of these conditions is residence there. We are now clarifying the relationship between investment and residence in the Emirates for migrant workers who have excellent investment ideas and capital while developing an investment plan. They want to know about residency in the Emirates and its relationship to investment.

We will clarify, pointing out the impact of residency on investment in the Emirates, how to reside there, the conditions for residency in the Emirates in general, what are the best places in which they can invest their money there, identifying the best locations, and the role of the Emirati government in activating and stimulating investment in the Emirates. These questions we will answer in this topic.

Residence and investment in the Emirates have a close relationship linked to each other in the multiplicity of commercial activities in Sharjah and the activation of the movement of the trade and investment market, making it one of the best countries in which investment can be made through skilled migrant workers, with capital owners establishing several investment companies in order to invest their money in it, and this is an aspect. In addition to the services provided by the UAE government to facilitate the investment process in the Emirates, it also works to provide the special needs of new projects in all ways and in the fastest time, and works to facilitate all the facilities and services necessary to start any type of these investments, and also works to provide housing there by reducing the rental rate. Real estate or buying it, which makes buying any property in the Emirates a real investor there and has the right to own it and invest in it, whatever its value.

Real estate residency in the Emirates is also considered what leads to real estate investment, and real estate investment in the Emirates consists of purchasing any building, any residential facility, any company, or purchasing a piece of land to establish an investment company on it, but with the availability of several conditions that are available and not restricted at all.

Steps to establish a company in the UAE

Despite the facilities provided by the UAE government in establishing investment companies there for migrant workers, it has made clear and set several basic conditions. Here are these conditions for establishing a company in the Emirates :

• Market Study: Conduct a careful study of the market to understand the opportunities and potential challenges in the sector in which you wish to establish your company.
• Choosing the legal type of company: Select the appropriate legal type for your company, such as a local company, a company owned in partnership with an Emirati citizen (a local joint company), or a subsidiary of a foreign company.
• Choosing a company name: Choose a name for your company and ensure that it is available and accepted by the competent authorities in the emirate.
• Local partnership arrangement (if necessary): If you are planning to set up a local joint venture company, you will have to find a UAE national partner to contribute to the specified capital of the company and to participate in the business.
• Preparing the required documents: Prepare the documents required to establish the company, which may include:

1. The company’s articles of incorporation and articles of association.
2. Required registration forms.
3. Shareholders’ identities and passports.
4. Statements of necessary experience and qualifications (if required).

• Establishing the company in the competent authorities: You may need to submit the required documents and pay the applicable fees to the competent authorities, such as the Business Regulatory Authority (Department of Economic Development) in the emirate in which the incorporation process takes place.
• Obtaining licenses and permits: You may need to obtain additional licenses and permits related to your company’s activity from the relevant authorities, such as a building permit, industry permit, or professional services license.
• Opening a bank account: Open a bank account in the company’s name to manage financial matters and commercial transactions.
• Work Visas: You may need work visas for foreign employees you intend to employ in the company. These procedures are handled by the Immigration Department in the emirate.
• Renting an office and equipping it: Search for a suitable office for your company and rent it, and make sure to equip it with the necessary furniture and equipment to start work.
• Insurance: Consider company insurance to protect its assets, employees, and liability.

At the conclusion of this article, it can be said that establishing a company in the Emirates requires good planning and organization, and the use of qualified assistance. In this regard, cooperation with Itqan Company can be an excellent option.

Itqan Company is a specialized and reliable company in the field of legal and financial consulting in the Emirates. She has extensive experience in establishing companies and providing comprehensive support to investors who wish to invest in the dynamic UAE market.

By cooperating with Itqan Company, you can benefit from its experience in establishment and licensing procedures, and obtain specialized legal and financial advice. They can also help you understand local laws and regulations, and provide support in preparing documents and dealing with relevant authorities.

The most frequently asked questions about the costs of establishing a company in the Emirates