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Establishing a company in Dubai features and costs

٠٥ فبراير Establishing a company in Dubai features and costs

Establishing a company in Dubai is considered a strategic step that opens broad horizons for ambitious entrepreneurs and investors. Thanks to its strategic geographical location and advanced infrastructure, Dubai has become a global hub for business and trade. The emirate provides a favorable business environment, including stimulating investment laws, distinguished government facilities, and advanced logistical services. Establishing a company in Dubai is not limited to local companies only, but also attracts foreign investors looking for opportunities to grow and expand into global markets. Whether you are seeking to establish a small business or a large company, Dubai offers you everything you need to achieve success and prosperity.

Establishing a company in Dubai features and costs

Establishing a company in Dubai features and costs

Establishing a company in Dubai

Establishing a company in Dubai is an ideal choice for entrepreneurs and investors seeking sustainable growth and global success. Dubai is characterized by an encouraging investment environment, as it provides flexible laws and advanced infrastructure, in addition to its strategic location that makes it a gateway to global markets. The government’s facilities and continuous support for new companies enhance the emirate’s attractiveness as a major center for business and trade. Moreover, Dubai is considered a multicultural environment, which facilitates communication and cooperation with partners from different parts of the world, which contributes to enhancing the opportunities for success and innovation for startups and established companies alike.

In this context, establishing a company in Dubai is not only about taking advantage of economic and business opportunities, but also about enjoying a high quality of life and a high level of security and stability. Dubai has a wide range of free zones that provide tax advantages and distinctive business facilities, making it a preferred destination for companies wishing to expand internationally. In addition, the Dubai government supports innovation and entrepreneurship initiatives, which enhances the business environment and encourages growth and excellence. In general, establishing a company in Dubai can be a pivotal step towards achieving success and prosperity in the business world.

Steps to establish a company in Dubai

Establishing a company in Dubai requires following several key steps to ensure compliance with local laws and regulations. Here are the basic steps to establish a company in Dubai:

  • The first step is to determine the type of business activity you wish to practice, as the type of license required varies depending on the type of activity (commercial, industrial, professional).
  • Choosing the legal structure of the company (e.g. limited liability company, branch of a foreign company, representative office).
  • Choose a suitable name for the company that complies with the rules in force in Dubai and submit it for approval.
  • Submitting the necessary applications to obtain initial approvals from relevant authorities such as the Dubai Economic Development Department (DED).
  • Preparing the company’s articles of incorporation and articles of association and documenting them with the competent authorities.
  • Rent a suitable office or business location and submit a notarized lease as part of licensing requirements.
  • Submit all required documents and obtain a commercial license from the Department of Economic Development.
  • Register the company with the Department of Economic Development and other relevant bodies, such as the Dubai Chamber of Commerce and Industry.
  • Open a bank account in the company’s name to manage financial transactions.
  • Register with the Federal Tax Authority if the company is eligible to pay value-added tax (VAT) or other taxes.
  • Some activities require additional permits from competent authorities such as Dubai Municipality or the Ministry of Health.
  • If the business requires hiring employees, work visas and residence permits must be obtained for employees.
    By carefully following these steps, entrepreneurs can set up their companies in Dubai smoothly and start their business operations successfully.

Advantages of establishing a company in Dubai

Investing in Dubai has many facets, thanks to the continuous development of the country’s services and infrastructure, as well as the government’s support for investors, which has made Dubai an attractive city in the truest sense of the word for entrepreneurs and new projects of different types of nationalities and capital. One of the types of investment in Dubai that has become popular in recent years is establishing a company in Dubai, which has many advantages thanks to the availability of all services, including health, education, transportation, etc., and means of safety and prosperity in living.

So setting up a company in Dubai brings many advantages to investors, which are as follows:

  • The ideal market to invest in the last few years.
  • The UAE government supports startups and investors of various nationalities.
  • Flexibility of procedures and provision of facilities regarding licenses and residence visas.
  • Grants and financial support for projects with clear business plans.
  • The increasing population density in Dubai is an important factor in attracting investors and entrepreneurs.

Costs of establishing a company in Dubai 

Establishing a company in Dubai requires reviewing the costs and fees that the investor will face. The costs are summarized as follows:

  • The cost of a business license (the commercial license is considered an essential document for establishing a company in Dubai).
  • Annual rental costs or costs of purchasing a workplace for the company.
  • Costs for furnishing the headquarters, including furniture, furniture, etc.
  • The cost of work permits and visas for employees sponsored under the company name.
  • Open a bank account in the name of the company and deposit the minimum capital according to the nature of the activity.
  • The legal form of the company also determines the costs and varies from one field to another, as industrial activity is considered the most expensive, then commercial, then professional.

Advantages of establishing a company in Dubai

Advantages of establishing a company in Dubai

How to obtain a commercial license to establish a company in Dubai

To obtain a commercial license to establish a company in Dubai with the help of Itqan Company, you must follow structured steps to ensure compliance with all legal and procedural requirements. First, Itqan Company provides comprehensive consultation on the type of license suitable for your business. After determining the type of license, the company helps you prepare the necessary documents, such as a copy of the passport, confirmation of residence address, and articles of incorporation. Then, Itqan prepares and submits the license application to the Dubai Department of Economic Development, ensuring that all documents are submitted correctly and in a timely manner. After completing all procedures and approvals, you obtain the business license, enabling you to start your business in Dubai legally and smoothly.

After receiving the commercial license, Itqan Company will assist you in completing other procedures related to establishing the company, such as opening a commercial bank account, registering the company with the Tax Authority, and ensuring compliance with all local regulations. Itqan also provides ongoing support in the event of any need for any amendments to or renewal of the license in the future. By cooperating with Itqan Company, the process of establishing your company in Dubai is guaranteed to be smooth and highly efficient, while saving time and effort and achieving full compliance with local regulations and laws.

At the end of the article, we would like to have shed light on the most important points in the field of establishing a company in Dubai. If you are an investor or entrepreneur and want more accuracy on the subject or want help in obtaining a commercial license to establish a business or finalize legal procedures in Dubai, do not hesitate to contact us. Contact us.

Frequently asked questions about establishing a company in Dubai

Can I establish a company in Dubai without needing a local partner?

Yes, if you are establishing a company in one of the free zones in Dubai or if you hold the citizenship of a country that allows you to establish a company with 100% foreign ownership. For limited liability companies (LLC) operating on the mainland, you will need a local partner.

What are the documents required to establish a company in Dubai?

You need to provide a copy of your passport, a copy of your residence visa, proof of address, and articles of incorporation. You may also need to provide a business plan and details of planned business activities.

What is the cost of setting up a company in Dubai?

The cost depends on the type of company, its location and scope of activity. Costs may include licensing fees, rent, and costs of legal and accounting services.