How to establish a company in Dubai

Establishing a company in Dubai requires completing a series of procedures and approvals required by the Department of Economic Development and other relevant authorities to officially register the establishment. First, you must determine the type of activity you want to engage in, and this in turn will determine the parties associated with the activity and the permitted legal forms.

Our work team will provide all support to you and your partners during all the steps of establishing a company in Dubai, starting with determining the type of activity, choosing the trade name, obtaining security approval, and then preparing all the documents required to complete the procedures for establishing the company in Dubai.

All you have to do is set a time to meet with our experts to discuss the details of the activity of the company you wish to establish and submit all the required personal documents to them. Then, on your behalf, we will complete all the steps with the various government agencies in order to obtain a business license in Dubai in the shortest possible time.

The period required to obtain a business license is closely related to the type of activity or activities you wish to practice, in addition to the legal form of the company. There are commercial activities that require approvals from more than one governmental or federal entity, but the Dubai government always guarantees to all investors the provision of unparalleled services and facilities from In order to make Dubai the ideal destination for establishing a business.

Establishing a company in Dubai

Establishing a company in Dubai requires following specific procedures and submitting the necessary documents. Here are general steps for establishing a company in Dubai:

• Choosing the type of company: From sole proprietorships to joint-stock companies, select the type that best suits your business.
• Identifying the business activity: Licensing may require identifying the main and subsidiary business activity of your company.
• Choosing a company name: The name must be distinctive and not similar to the names of other registered companies.
• Determine responsibilities and rights: In the case of joint stock companies, the rights and responsibilities of shareholders must be determined.
• Preparing legal documents: Documents such as the company’s articles of incorporation and articles of association must be prepared.
• Submitting the application:  Submit the incorporation application and required documents to the relevant government agencies in Dubai.
• Obtaining the necessary licenses: Obtain the necessary licenses to start work from government agencies.
• Opening a bank account: Open a bank account in the name of the company and transfer the capital to it.
• Company Registration: Once the previous procedures are completed, the company is officially registered.
• Compliance with controls and regulations: Ensure compliance with all local controls and regulations related to your company’s activity.
  Individuals wishing to establish a company in Dubai must check the current conditions and requirements of government agencies in the Emirate of Dubai, as requirements may differ based on the type of company and its activity.

The cost of establishing a company in Dubai

The cost of setting up a company in Dubai is affected by several factors, including the type of company, size and planned economic activity. Here is an overview of the cost of some of the basic elements that may be included in setting up a company in Dubai:

1. License fees: License fees vary depending on the type of company and the relevant regulatory body. For example, the cost of licensing domestic companies may differ from licensing foreign or offshore companies. This cost may usually range from several thousand to several tens of thousands of UAE dirhams.
2. Required Capital: The company needs financial resources to establish and operate. The required capital is determined based on the type of company and economic activity. Some may require a minimum registered capital, which can range from several thousand to several hundred thousand AED or more.
3. Legal and consulting fees: You may need to obtain the services of legal advisors or lawyers to guide you through the process of establishing the company and reviewing the necessary contracts and legal documents. The cost is determined based on the time and experience required, and the cost can range from several thousand to several tens of thousands of UAE dirhams.
4. Local Address and Office: You may need to rent an office or use a local address service for your company in Dubai. The cost of this varies depending on the location, size of the space, and duration required, and can range from several thousand to several tens of thousands of UAE dirhams annually.
5. Additional costs: Other costs may include such as logo and brand design, registration and visa costs for employees, social and health insurance, accounting costs and taxes. You must calculate these additional costs at your own discretion.

The cost of establishing a company in Dubai

Residency and investment in Dubai

Dubai is considered a popular destination for residence and investment due to the great economic development and open investment environment it provides. Here is some information about living and investing in Dubai:

1. Residency Visa: To reside in Dubai, you must obtain the appropriate residence visa. There are several types of visas such as work visa, investment visa, and golden residency visa. You must apply for the appropriate visa and follow the required procedures.
2. Real Estate Investment: Investing in real estate in Dubai is a popular option. Dubai offers an active and diverse real estate market, with investment opportunities in residential apartments, villas, commercial offices, and hotels. You can buy real estate as a long-term investment or for your residence.
3. Companies and Business: You can create your own company in Dubai and benefit from the flexible economic environment and competitive advantages it offers. There is an effective legal and regulatory system that facilitates the establishment and management of companies in Dubai. You can choose the appropriate type of company, such as a local company, a free zone company, or a foreign company.
4. Investing in financial markets: Dubai provides opportunities to invest in financial markets. You can trade on the Dubai Financial Market (DFM) and Nasdaq Dubai, and benefit from initial public offerings (IPOs) and trade stocks and securities.
5. Infrastructure and public services: Dubai is distinguished by its advanced infrastructure and distinguished public services. There are many facilities and services available such as international schools, high-end hospitals, and commercial and entertainment centers. You can enjoy a high level of comfort and luxury in Dubai.

The costs of residence and investment in Dubai vary according to your personal needs and desires. It is recommended to look into the current and changing laws and regulations in Dubai and obtain advice from the competent authorities before making any investment decisions or submitting an application for a residence visa, and you can seek the help of the experts of Itqan Al-Raedwan Company in this field.

Procedures for establishing a company in Dubai

There are some procedures for establishing a company in Dubai that the experts of Itqan Company will help you implement. These steps are represented in the following points:

• Market study and planning: Conduct a careful study of the market in Dubai and determine the appropriate business activity for the company. Analyze competition, market needs, and opportunities. Prepare a comprehensive business plan that includes financial and operational aspects.
• Choosing a company type: You must choose the appropriate company type according to your needs and market requirements. You can choose between a local company (LLC), a free zone company, or a foreign company.
• Choosing a company name: Select a name for your company and ensure that it is compatible with the laws and directives of the relevant authorities in Dubai. The name must be unique and not similar to other company names.
• Company Incorporation: Prepare the necessary documents to establish the company according to the type of company you have chosen. These documents may include articles of incorporation, business partner agreements, and necessary licenses.
• Company Registration: Register the company with the relevant authorities in Dubai. The required documents must be submitted and the relevant fees must be paid. You may need to obtain additional licenses and approvals depending on the company’s activity.
• Obtaining business licenses: After registering the company, you must obtain the necessary business licenses. These licenses include work permits and work visas for foreign employees.
• Opening a bank account: Open a bank account in the name of the company in one of the recognized banks in Dubai. You will need to submit the required documents and comply with the bank’s requirements.
• Residency Visa: If you want to reside in Dubai to run your company, you must obtain the appropriate residence visa. You can apply for a work visa or investment visa and follow the required procedures.

At the conclusion of our article, we talked about how establishing a company in Dubai can be an exciting and rewarding step in your entrepreneurial journey. With the dynamic business environment and economic diversity that Dubai offers, businesses have great opportunities for success and growth. In this article, we have given you an overview of frequently asked questions and their answers about setting up a company in Dubai.

It is important that you follow the required legal and financial procedures and adhere to specific government requirements. Before starting, do the necessary research and consult experienced advisors such as Itqan Company experts and consultants to ensure that you are aware of all the requirements and your future obligations.

Frequently asked questions about establishing a company in Dubai