What is the cost of setting up a company in Dubai? Opening a company in Dubai is a strategic step for many investors looking to enter the active and thriving business market in the UAE. Dubai is one of the most attractive cities for investment due to its dynamic business environment, advanced infrastructure, and wide opportunities available in various sectors. However, it is essential to understand the cost of setting up a company before taking this step. The cost of setting up a company in Dubai varies based on several factors including the type of company, business activity, and location, in addition to fees associated with licenses and approvals. When considering costs, we must take into account the government fees required to obtain a trade license, office rental costs, legal expenses, and any additional costs related to special licenses. Costs also differ between free zones and onshore areas, with free zones offering benefits such as full ownership and tax exemptions, making them a preferred option for many investors. It is also important for investors to have a comprehensive picture of ongoing operational costs, such as salaries, utilities, and general expenses. In collaboration with Itqan, investors can obtain accurate advice that helps them accurately estimate the total cost of setting up a company, making it easier for them to make informed decisions. By understanding the costs associated with setting up a company, investors can make appropriate financial plans, which contributes to the success of their business in the Dubai market.

Basic requirements for establishing a company in Dubai

Establishing a company in Dubai is a strategic step for ambitious investors seeking to enter one of the most dynamic markets in the world. Dubai has a favorable business environment and offers a variety of opportunities across various sectors. However, before embarking on this process, it is important to understand the basic requirements needed to ensure the success of establishing a company. These requirements include choosing the type of company, determining the business activity, preparing the required documents, and adhering to local laws and regulations. By taking advantage of the available resources and accurate information, investors can achieve their goals quickly and effectively. In this context, we will review the basic requirements for establishing a company in Dubai , which will help investors take informed steps in this direction. Basic Requirements

• Choosing the type of company: The legal form of the company must be determined, whether it is a limited liability company, a branch of a foreign company, or a sole proprietorship.
• Determine the business activity: Choose the business activity to be carried out, which affects the type of license required.
• Choosing a company name: The trade name must be in compliance with local laws and not previously used.
• Preparing the required documents: These include documents such as passports, personal photos, and details of shareholders and directors.
• Obtaining the necessary approvals: It is necessary to obtain approvals from the relevant government authorities, depending on the type of activity.
• Company Registration: After fulfilling all requirements, the company can be registered with the Department of Economic Development or in the free zones.
• Opening a bank account: After obtaining the license, a bank account must be opened in the company’s name to facilitate financial transactions.

In short, Dubai offers great opportunities for setting up a business, but adhering to the basic requirements contributes to achieving success and sustainable growth.

Types of companies that can be established in Dubai

Dubai is one of the world’s leading destinations for setting up a business, with a unique business environment and diverse investment opportunities. No matter what type of business you want to pursue, you will find multiple options for setting up your business in Dubai. This includes different legal options and classifications to suit the needs of local and international investors. To better understand the options available, we will review the types of companies that can be established in Dubai, helping you make the right decision to start your business in this dynamic market. Types of Companies in Dubai

• Limited Liability Company (LLC): This is the most common type of company in Dubai. It requires a local partner who owns 51% of the shares. This company provides legal protection to investors.
• Sole Proprietorships: These are companies owned by one person, where the legal and commercial responsibility lies with the owner. They also require obtaining a license from the Department of Economic Development.
• Joint stock companies: can be public or private, and consist of a large number of shareholders. Requires certain legal requirements and special registration.
• Free Zone Companies: Allow foreign investors to own 100% of the company’s shares. There are several free zones in Dubai, such as Dubai Silicon Oasis and Dubai Knowledge Park, which offer tax benefits and business facilities.
• Branches: Foreign companies can open a branch in Dubai. The branch must be affiliated with an existing company abroad and requires applying for an appropriate license.
• Professional Limited Liability Companies: Designed for liberal professions such as lawyers, doctors, and engineers. Foreigners can own 100% of the company, but must have professional permits.

By choosing the right type of company, investors can achieve their business goals efficiently and effectively, contributing to the enhancement of the business environment in Dubai.

Our company’s role in establishing a company in Dubai 

The cost of setting up a company in Dubai is a crucial factor that influences investors’ decision to enter the UAE business market. By understanding the details related to costs, investors can develop sound financial strategies that contribute to the success of their business. The main costs include government fees related to obtaining a trade license, which vary based on the type of company and the chosen business activity. In addition, office rental costs are a major component of the overall costs, especially in vital areas. It is important for investors to consider legal costs that may include lawyers’ fees or consultations that they may need to complete the procedures legally and properly. They must also consider ongoing operational costs that include salaries, bills, and other general expenses. Working with Itqan Company provides investors with the opportunity to obtain accurate and comprehensive guidance on the required costs, which helps them plan their budget effectively. Knowing all these aspects enhances investors’ ability to make informed decisions about establishing their companies, which contributes to improving their chances of success in the market. Given the great advantages that Dubai offers, such as the advanced infrastructure and attractive business environment, investing in establishing a company here is a step worthwhile. Ultimately, good financial planning and understanding of costs is an integral part of a successful business strategy, enabling investors to achieve their goals more efficiently and effectively.

Frequently Asked Questions About Starting a Company in Dubai