Some investors wonder how much it costs to establish a company in Dubai because establishing a company in Dubai is considered an important strategic step for investors seeking to benefit from the dynamic business environment in the region. Itqan Company provides comprehensive services that greatly facilitate this process. By providing specialized legal advice and comprehensive support in establishing a company in Dubai and obtaining commercial licenses, Itqan contributes to providing the methods and strategies necessary to establish a successful business in Dubai.
Dubai is known for its advanced infrastructure and regulated regulations that attract investors from all over the world. In cooperation with Itqan, investors can identify the appropriate business activity and choose the appropriate legal system that suits their needs. Dealing with Itqan also allows investors to complete administrative procedures efficiently and effectively, which reduces costs and increases the chances of commercial success.
Establishing companies in Dubai
Business establishment in Dubai has increased steadily as Dubai’s economy increases and the process of business establishment also increases in the economy. This is due to the discovery of oil in the United Arab Emirates and its complete dependence on the economy, which led to it becoming one of the richest Arab countries in the world, and in which many individuals and businessmen around the world want to carry out various activities, but according to the country – Laws No one can undertake new activities unless there is a company or office that needs to be established in it. Therefore, every company must start and we are here to help you establish the best companies for your area in the best locations and at the lowest cost, so do not hesitate to contact us to get the services you want.
Types of companies in Dubai
There are several types of companies that can be established in Dubai, depending on local laws and regulations. Here is a table showing some common types of companies in Dubai:
| Company type | a description | comments |
|---|---|---|
| Sole proprietorship | A company managed and owned by only one person. | The owner has full responsibility for the company. |
| Joint stock company | A company whose capital is owned by a number of shareholders, and profits and losses are distributed among them in a certain proportion. | There can be local and foreign shareholders. |
| Private joint stock company | A type of joint-stock company, in which the articles of association specify that shares cannot be sold to the public. | Shares are owned by specific shareholders and cannot be freely transferred. |
| Limited Liability Company (LLC) | A company consisting of partners (shareholders) and limited personal liability of the partners. | It requires a capital contribution and the contribution can be local or foreign. |
| Sole Proprietorship | A company owned and managed by one person, with one personal and financial officer. | The owner is fully responsible for all debts and losses. |
| Joint venture company | A company that has a special status with shareholders, each of whom owns a share in an equal company. | This company is formed without the need to register and audit assets and liabilities. |
These types of companies provide multiple options for investors wishing to establish a business in Dubai, with different legal and administrative requirements depending on the type of company and its activity.
Cost factors for establishing a company in Dubai
Dubai stands out for its excellent location and good infrastructure, as well as its moderate environment and stable political situation, making everyone look forward to building business there. Setting up a business in Dubai is one of the things that requires a lot of money to achieve the desired goal. However, if you seek help from our company, you can benefit from all services, including setting up and equipping the company, and everything is done at the lowest possible price. So don’t hesitate at the lowest possible prices. Contact us to receive our services. The cost of setting up a company in Dubai is affected by several key factors including:
- Type of company and commercial activity: The cost of establishing companies varies according to the type of company, whether it is an individual company, a joint stock company, or a private joint stock company, in addition to the company’s chosen activity.
- Geographical location: The cost of establishing companies varies according to the region in Dubai, such as the free zone and industrial zones, where fees and administrative costs differ.
- Commercial license and licenses: Setting up a company in Dubai requires obtaining multiple licenses and different licensing fees depending on the type of activity, such as building or general trade licenses.
- Legal and consulting services: Using the services of a consulting company such as Itqan can increase the cost of procedures, but saves time and effort and ensures the enjoyment of legal privileges.
- Government and administrative fees: These fees include company registration, annual licenses, and other administrative fees required by local authorities.
Itqan Company provides accurate information about the fees and costs related to establishing companies in Dubai, which helps investors plan effectively to establish their business at the lowest possible cost according to their requirements and business goals.
Steps to establish a company in Dubai
Starting a business in Dubai requires many important steps that must be established legally and smoothly. One of the steps that must be taken to start the business is to determine where the company will be located and obtain documents stating the property of the place. Here are general steps for establishing a company in Dubai:
- Choose the company type: Choose the company type appropriate for your business, such as a sole proprietorship, joint stock company, or private joint stock company.
- Choosing a trade name: Choose a name for your company that complies with UAE regulations and laws, and make sure the name is available.
- Determine the commercial activity: Determine the commercial activity you intend to practice in accordance with the available government permits.
- Site selection: Decide on the location of the company, whether within a free campus or in a special economic zone, taking into consideration legislative and licensing needs.
- Identify a local partner (if necessary): In some cases, some types of companies may require a local partner. Itqan can provide advice on this issue.
- Submit a license application: Submit an application for a commercial license with the competent authorities, submitting all necessary documents.
- Obtaining the necessary approvals: Obtaining the necessary governmental approvals from the relevant authorities, such as the Ministry of Trade and Industry or financial authorities.
- Company incorporation and registration: Complete the company incorporation procedures and officially register it with the Department of Trade and Industry or other relevant authorities.
- Open a bank account: Open a bank account for the company to manage financial transactions and organize financial matters.
- Obtaining final licenses and permits: Obtain all final licenses and permits necessary to officially start your business.
To complete these steps, a person needs more time, effort and money to start a business. Therefore, it is preferable to hire a specialized company committed to creating companies. This is what our company, Itqan Company, does, which helps its clients establish businesses and complete and document all documents. In addition to obtaining the business license necessary to start an activity, the company provides all of these services at the lowest possible prices.
Conditions for establishing a company in Dubai
The appropriate company type, such as a sole proprietorship, joint stock company, or private joint stock company, must be determined according to local laws and business needs. Establishing companies in Dubai is subject to several main conditions, including:
- Domestic Partnership: In some cases, some types of businesses may require a local partner to own a certain percentage of the company. This varies depending on the type of business and region.
- Trade name: The company name must be compatible with local regulations, and be unique and not similar to the names of other registered companies.
- Company activity: An accurate description of the company’s activity must be specified, and this activity must comply with the licenses and permits available in Dubai.
- Capital contribution: The capital necessary to establish the company must be determined and secured in the required manner according to the type of company.
- Geographical location: A suitable location must be chosen to conduct business, whether within a free campus or a special economic zone.
- Licenses and Permits: All necessary licenses and permits must be obtained from local authorities, such as building, trade and health and safety licensing.
- Legal Procedures: New companies must comply with local laws related to corporations and businesses, such as labor and tax laws.
- Signing contracts and agreements: In the case of local partners or third-party support services such as Itqan, contracts and agreements are an essential part of the process.
Dubai adheres to strict regulations that contribute to providing a stable and attractive business environment for investors, and companies such as Itqan can provide the necessary assistance to ensure full compliance with all conditions and requirements.
The importance of establishing a company in Dubai
Establishing a company in Dubai carries several important benefits and importance for investors, including that Dubai provides a developed and organized business environment, making it an ideal destination for new and growing companies. Advanced infrastructure and modern technologies contribute to improving work efficiency and access to global markets, in addition to the following advantages:
- An important economic center: Dubai is an important economic and commercial center in the Gulf region and the world, which provides companies with broad opportunities for expansion and growth.
- Flexible investment policy: Dubai has flexible and encouraging investment policies, with deep-rooted tax exemptions and clear laws that protect investors’ rights.
- The presence of free campuses and special economic zones: Dubai provides free campuses and special economic zones that offer great advantages to companies, such as customs facilities, and access to the regional and international labor market.
- Easy access to regional and global markets: Dubai’s distinguished location facilitates access to the Middle East, North Africa and Asian markets, which enhances growth and expansion opportunities for companies.
- An environment of stability and security: Dubai enjoys an environment of political stability and security, which makes it a safe place to invest and live.
- Providing specialized services: Specialized services are available in Dubai for companies, such as legal, financial, and marketing consulting, which helps companies grow and achieve success.
In addition, a company like Itqan can provide the necessary assistance to investors at all stages of establishing a company, from establishing it to obtaining the necessary licenses and permits, ensuring that this process is smooth and successful.
In conclusion, establishing a company in Dubai with the help of Itqan Company represents a crucial strategic step for anyone who aspires to enter the business world with confidence and success. Itqan provides its distinguished services in the field of establishing companies and legal and financial consultations, which makes it easier for investors to obtain the necessary licenses and comply with local laws with ease. Thanks to Dubai’s advanced business environment and flexible investment policies, new companies can grow and thrive quickly in a competitive global market. If you are looking for success and stability in the business world, establishing your company in Dubai with Itqan is the perfect choice for a successful start and a prosperous future.
Frequently asked questions about establishing a company in Dubai
What types of companies can I establish in Dubai?
You can establish a sole proprietorship, joint stock company, private joint stock company, limited liability company (LLC), and other types to suit your needs and business requirements.
What are the expected costs of establishing a company in Dubai?
Costs vary according to the type of company, location, and services required, and consulting companies such as Itqan can provide accurate estimates of the costs of establishing a company without mentioning specific prices.
What are the main benefits of setting up a company in Dubai?
Benefits include an advanced business environment, flexible investment policies, easy access to regional and global markets, and the presence of free campuses and special economic zones that provide customs and tax facilities.
Can I get help writing the necessary contracts and agreements?
Yes, companies like Itqan provide comprehensive consulting services that include writing the contracts and agreements necessary to establish and operate your company in Dubai in accordance with local laws.
