Costs of establishing a company in Dubai

The costs of establishing a company in Dubai are not the same and vary according to several factors, including the chosen areas and the location in which the company will be established, and the location is also chosen according to the nature of the activity.

The costs are calculated after conducting a feasibility study for the project to be carried out, and depending on the activity, the costs of establishing a company in Dubai are determined. The costs differ if the activity is a shop, company, institution, or factory, and some areas have lower costs, such as free zones, and there is complete tax exemption.

Here are the points to determine the costs of establishing a company in Dubai:

1. Trade name fees and commercial registration fees.
2. Expenses for purchasing or renting the company’s site.
3. Commercial activity fees for concerned parties.
4. Open a bank account and put the minimum capital into it.
5. Fees imposed by the UAE authorities.
6. Commercial license.

Steps to establish a company in Dubai

Determine the type of company in order to decide the type of company that suits your business activity, such as a sole proprietorship, joint-stock company, or partnership. Here are general steps for setting up a company in Dubai:

1. Choosing a business name: Make sure that the company name you choose is compatible with the regulations of the Ministry of Economy in Dubai.
2. Determine the location: Choose a location for the company, whether within the commercial districts or in one of the free zones such as Jebel Ali or Dubai Internet.
3. Obtaining the necessary licenses: Obtain the necessary licenses and permits from the relevant authorities such as the Ministry of Economy, the Ministry of Labor, and the municipality depending on the type and location of the company.
4. Preparing legal documents: Prepare the necessary legal documents such as contracts and the company’s bylaws.
5. Notarization of contracts: Document legal contracts in official bodies such as the Ministry of Justice.
6. Tax Registration: Obtain a tax registration number from the Dubai Taxes and Customs Authority.
7. Opening a bank account: Open a bank account in the company’s name to manage financial matters.
8. Necessary insurance: Make sure to obtain the necessary insurance for the company and employees, if necessary.
9. Final License: After meeting all conditions and permits, obtain the final license to start work.

These steps include many legal and administrative procedures that must be considered when establishing a company in Dubai, and may require the assistance of a lawyer or business consultant from Itqan to ensure your full compliance with local laws.

Types of business licenses in Dubai

Please see this table showing the types of commercial licenses available in Dubai:

Remember that these licenses vary with regard to legal requirements and procedures, and it is always important to consult Itqan’s specialists before making any final decision on the type of license that best suits your proposed business in Dubai.

Fees for establishing a company in the free zone

Each free zone has different fees from the other zone, and different fees, and also the costs of establishing a company in Dubai differ from the costs of establishing in free zones. This is because free zones do not impose taxes on investors, and corporate and personal income taxes are completely exempted, and the investor has complete freedom to dispose of profits. And capital.

If you need to know more about the costs of establishing companies in Dubai , you can contact us and one of our experts will assist you in all procedures without requiring you to make an effort or waste time.

Documents required to establish a company in Dubai

To create a company in Dubai , the required paperwork usually includes the following items, and can vary based on the type of company and economic activity:

1. Company registration application: includes company information such as trade name, type (individual company, joint stock company, etc.), location, and proposed activities.
2. Articles of Association Form: It defines the company’s structure and the way it is managed.
3. A copy of the passport: for shareholders and main managers.
4. Statement of no objection: If there is a non-Emirati shareholder or director, a statement must be obtained from the Ministry of Interior or the relevant authority.
5. Residence permit form: for the general manager and key employees.
6. Partnership Agreement: If the company is a partnership.
7. Activity License: Specifying the company’s proposed business activity.
8. Financial report: It may be requested in some cases, especially for industrial or commercial companies.
9. Special government approvals: May be required depending on the type of company and activity, such as building, health or environmental permits if necessary.
10. Signatures and witnesses: Confirm signatures and witnesses on the required documents.

Documents must be notarized and translated into Arabic if necessary, and submitted to the relevant authorities to obtain the necessary approvals and licenses to start work.

Open a bank account and establish your company in Dubai

To open a bank account for your company in Dubai, you must follow some basic steps that include:

• Choosing the right bank: Research and consult with a financial advisor or lawyer to determine which bank meets your company’s needs in terms of banking services and terms.
• Gather the required documents: The required documents may vary between banks, but usually include:

1. A copy of the company’s legal documents such as articles of association and licenses.
2. A copy of the passport for shareholders and directors.
3. Company address statement (such as a utility bill or rental contract).
4. Financial information or account reports for the company.

• Visit the bank branch: Visit the bank branch with all the required documents, and follow the staff instructions to complete the account opening procedures.
• Forms Filling and Signing: Complete the required forms and sign them as required.
• Deposit the necessary capital: Some banks may require that you deposit the necessary capital for the company, so make sure you are prepared for this step.
• Waiting for approval: After submitting all documents and information, the account is opened after approval from the bank, and you receive the bank account number and details necessary to manage your company’s account.

Ensuring that all procedures are completed and the required documents are submitted accurately will help speed up the process of opening a bank account for your company in Dubai.

Advantages of our company: Itqan in establishing companies in Dubai

Here you go, here are some of the advantages of Itqan Company in establishing companies in Dubai:

1. Experience and Specialization: Itqan Company has extensive experience in the field of establishing companies in Dubai and the United Arab Emirates, ensuring full compliance with local laws and regulations.
2. Comprehensive consultations: Itqan provides comprehensive and specialized consultations that include a careful analysis of the company’s needs, choosing the appropriate type of company, and providing the necessary legal and administrative support.
3. Transparency and credibility: The Itqan team is characterized by complete transparency in all processes and costs related to establishing companies, which ensures that there are no unexpected surprises for customers.
4. Comprehensive support: In addition to establishing companies, Itqan provides multiple services including account management, tax consulting, marketing services and international expansion.
5. Extensive Network: Thanks to its network of relationships and cooperation with government agencies and strategic partners in Dubai, Itqan has the ability to facilitate operations in an efficient and smooth manner.
6. Constructive Cost: Itqan services are provided at reasonable and constructive costs, which helps clients get the best value for their investments in establishing companies.

In short, Itqan Company is considered a reliable and integrated partner for establishing companies in Dubai, providing customized and effective solutions that meet the needs of clients and ensure a successful and sustainable start of their business in the Emirates.

At the conclusion of this article, we find that establishing a company in Dubai represents an exciting and stimulating investment opportunity for growth and expansion. Dubai has a developed infrastructure, encouraging economic policies, and a distinguished strategic location, making it an ideal destination for entrepreneurship. By following the right steps and hiring specialized advisors, investors can benefit from the advantages of Dubai’s dynamic market and build successful and sustainable companies.

To achieve success, it is necessary to plan well, adhere to local laws and regulations, and search for appropriate investment opportunities and strategic partnerships. With strong support from the government and government institutions, and strategic guidance provided by local business consultants, anyone who wants to start a company in Dubai can successfully achieve their goals.

Frequently asked questions about setting up a company in Dubai