How much does it cost to start a company in Dubai?

Documents required to establish a company in Dubai

To establish a company in Dubai, the required documents vary slightly depending on the type of company and the region you wish to establish, but in general, here is a list of the basic documents you may need:

• Memorandum of Association: A document that defines the organizational structure, activities of the company, shareholders and their shares.
• Board Resolution Form: A document that specifies the identity and powers of directors.
• Power of Attorney Appointment Form: If you intend to appoint a local person to represent you in legal proceedings.
• Company incorporation certificate: A document proving the establishment and official registration of the company.
• Company incorporation form (Article of Association): A document that specifies the rules that govern the company’s work and dealings.
• A copy of the passport of the main shareholders and managers: to verify their identity.
  Office lease contract: to prove the company’s office address.
• Financial Institutions Approval Letter (No Objection Certificate): If the company operates in a financial field.
• Tax Registration Form: If you intend to pay taxes.
• Land titles (Title Deed): If you own the land on which the company will be established.

Remember that these documents are for general reference, and you may need additional documents depending on your specific situation and the type of company you wish to establish. It is best to consult the experts of Itqan Company, which is distinguished as one of the best and trusted local companies in the Emirates, in order to obtain accurate information about the documents required for your particular case.

How much does it cost to start a company in Dubai?

 The company is a contract between two or more people, under which each of them commits to participate in a specific project for the purpose of profit, and this is by providing a share of money or work, and this is also to share everything that arises from the project, whether profit or loss.

Costs of establishing a company in Dubai

The costs of establishing a company in Dubai are mainly  limited to several expenses, which are as follows:

• The cost of the commercial license expenses (i.e. the license to practice commercial work)
• The cost of purchasing the new office location or the company through which you conduct your business, whether by leasing or purchasing.
• The cost of purchasing furniture and decorations for the office in which you conduct your business.
• The cost of obtaining some special work permits for sponsored employees and the cost of obtaining the required visas for them under your current company name.
• The cost of opening a new account in the name of the company in one of the banks, and then depositing the minimum capital according to the type of business activity, whether it is commercial, professional, industrial, or related to tourism matters.
• The costs of establishing a company, as the cost of establishing industrial companies in Dubai is higher than the cost of establishing investment, commercial and professional companies .
• Finally, the costs of obtaining and obtaining a commercial license.

Thus, we have determined what is the cost of establishing any company in Dubai, and the costs of all these things must be paid to obtain the commercial license in Dubai and also, by extension, to complete the establishment of the company.

Types of companies that I can establish in Dubai

You can establish several types of companies in Dubai, and the choice depends on several factors such as the business activity you want to practice and the strategic direction of the company. Here are some common types of companies that can be established in Dubai:

• Sole proprietorship: Individuals can establish a sole proprietorship in Dubai, and this company is considered a simple form of business.
• Limited Liability Company (LLC): The LLC is one of the most common forms of companies in Dubai, where shareholders are liable to a certain extent for the company’s debts.
• Public Joint Stock Company (PJSC): A public joint stock company is a suitable form for companies that want to attract capital from the public through the sale of shares.
• Private Joint Stock Company (PSC): Similar to a public joint stock company but different with respect to registration rules and listing procedures.
• Company in a free zone: A company can be established in one of the free zones in Dubai, which provides some advantages such as not being taxed on profits and the freedom to transfer profits abroad.
• Subsidiary Company: Foreign companies can establish branches in Dubai, which are fully owned by the parent company and operate in accordance with local laws.

These are some of the common types of companies that can be established in Dubai, and applicable local laws and regulations should be considered when choosing the type of company that is right for you.

Steps to establish an investment company in Dubai

Establishing an investment company in Dubai requires following specific steps to ensure a successful and sustainable business. The main steps include determining the type of company and the desired investment activity, then choosing a suitable name and registering it with the relevant authorities in Dubai, in addition to the following steps:

Planning and research

Determine the type of company you want to create and the investment sector you want to work in. Conduct a feasibility study to evaluate investment opportunities and market competitiveness.

Choose the legal form

Determine the appropriate legal form for your company, whether it is a local company or a branch of a foreign company. Please check with the relevant authorities in Dubai for specific information about available options and legal requirements.

Choose a company name

Choose a name for your business and make sure it complies with local laws and regulations. You may need to consult a legal expert to verify the availability and registration of the name.

Establishment of the company

Follow the procedures required to establish a company, including preparing legal documents such as contracts, charters, and certificates. You may need the assistance of an attorney or legal advisor to ensure compliance with legal requirements.

Obtaining licenses and permits

You may need to obtain specific licenses and permits to conduct investment activities in Dubai. Go to the relevant authorities, such as the Department of Economic Development in Dubai, to obtain the necessary information and complete the required procedures.

Infrastructure and office

Establish the necessary infrastructure for your company, including renting a suitable office or work space. Please consider your company’s logistical and technological requirements and ensure availability.

Tax registration and financial laws

Register with the required tax and financial records and comply with local financial laws. You can obtain the necessary information from the relevant authorities in Dubai or consult an accounting expert or tax consultant to assist in this process.

Employment and social insurance

Recruit the necessary employees for your company and ensure compliance with the labor and social insurance laws required in Dubai. You may need to hire a human resources expert to help you with this process.

Marketing and public relations

Create a marketing strategy and public relations plan to attract customers and build a good reputation for your company. You can use social media, digital marketing and local networking to promote your business.

Follow up on legal compliance

Ensure compliance with all local laws, regulations, tax and financial requirements in Dubai. Stay updated on legal changes and consult a legal expert to ensure full compliance.

Dubai Investment Authority

The Dubai Investment Authority , or the free zones, is an Emirati government organization that works to present the UAE as a center for important business and innovation by providing sponsorship for programs promoting foreign and local investment. It works to support and provide easy, standardized and advanced services to new investors within the framework of an environment prepared for business and supportive policies for investing in it. .

The cost of setting up a company in Dubai varies based on the type of company and business activities you wish to engage in. It is worth noting that the cost can include registration fees, government fees, office rental costs, legal consultation fees, and more.

Frequently asked questions about how much it costs to start a company in Dubai