The cost of establishing a company in Dubai is variable according to the region in which the company will be established, the area of the project, and the nature of the activity to be established, in addition to the UAE laws and regulations that provide financial privileges in some regions and not others, such as free zones.
In the following lines, we will discuss the cost of establishing a company in Dubai.
What is the cost of setting up a company in Dubai?
The cost of establishing a company in Dubai changes according to several factors, but the basics for establishing a company in Dubai remain. To know the exact costs, contact our work team and we will inform you of the assignment after reviewing the details of your project.
- The price of the site in which the company will be established, whether annual rent or purchasing the site.
- The bank dues necessary to open a bank account and put the minimum capital in it, or the dues in the event of obtaining a financial loan from the bank to establish the activity.
- Fees for commercial registration of the project.
- Costs of obtaining the commercial license necessary to establish the project in Dubai.
- Fees of investment authorities responsible for the project in Dubai.
- Pay the immediate license fees required to establish a company in Dubai.
- If customs duties are imposed on imported goods, their costs must be paid.
- The cost of conducting a feasibility study for the project in Dubai.
- Tax dues imposed on establishing a company in Dubai and some areas are exempt from taxes, such as free zones in Dubai.
Advantages of investing in Dubai
There are many advantages that make investing in Dubai a golden opportunity for investors and young entrepreneurs, which are summarized in the following:
- The UAE government subsidizes the cost of establishing a company in Dubai in many areas in Dubai, such as free zones that do not impose any taxes on establishing companies and projects of various types.
- Training young investors and providing them with the best skills to make them future leaders able to invest properly and provide the best investment advantages.
- The Investment Authority established the Dubai Traders Program in order to develop the ideas of young people and learn about the advantages that attract investors from different countries around the world.
- Providing loans, financial facilities and bonds in order to support investors and invest in Dubai.
- The cost of establishing a company in Dubai does not require a lot of money as the government provides offices and warehouses for rent.
For more information about the cost of establishing a company in Dubai, do not hesitate to contact our team and get your free consultation.
Estimates of the total cost of setting up a company in Dubai
The cost of establishing a company in Dubai is affected by several factors and depends on the type, size and planned commercial activity of the company. However, some potential fees that may be involved in setting up a company in Dubai can be estimated. It should be noted that these estimates may vary according to individual circumstances and government agency instructions, and it is important to obtain professional advice before making any decision. Here are some expected fees:
- Licensing fees: Includes fees for obtaining a company license and business permits necessary to start a business in Dubai.
- Registration fees: Includes the costs of registering the company in the local commercial registry and using the commercial registry services.
- Real estate costs: The company must pay the costs of renting the office or commercial space that it will use as its headquarters.
- Fees for legal advisors and accountants: You may need to consult a lawyer or accountant to assist in preparing and implementing company incorporation procedures and legal and accounting compliance.
- Required Capital: In some cases, setting up a company in Dubai may require specific capital as financing to start the business.
These fees are only estimates and their variations depend on the nature of the company and its individual requirements. It is therefore advisable to consult with a legal expert or accountant to obtain a detailed estimate of the expected costs of establishing a company in Dubai.
Financial and legal consultations to determine the cost of establishing a company in Dubai
Financial and legal consultations to determine the cost of establishing a company in Dubai
To determine the cost of establishing a company in Dubai and obtain accurate financial and legal advice, it is important to hire a professional lawyer and financial advisor with experience in legal and business affairs in Dubai. A lawyer and financial advisor can help you with the following points:
- Determine the type of company: The lawyer and financial advisor will advise you on the types of companies available in Dubai and what matches your needs. These options may include a sole proprietorship, limited liability company, joint stock company, or partnership.
- Identifying Business Activity: A financial and legal advisor will help determine the appropriate business activity for your company in accordance with local laws and legislation. You will need to know the legal requirements and licenses for the specific activity.
- Cost Estimation: A financial advisor will be able to estimate the expected costs of establishing a company based on various factors such as licensing fees, registration fees, real estate costs and other professional advice.
- Legal Compliance: A lawyer will help ensure legal compliance with the company incorporation process and prepare necessary documents such as contracts, agreements, and other legal documents.
- Financial Planning: A financial advisor will advise on a company’s financial planning, including the capital required to start the business, expected monthly costs, and financial projections for the future.
How to set a budget for establishing a company in Dubai
To determine a budget for establishing a company in Dubai, you can follow the following steps:
- Determine the type of company: Determine the type of company you wish to establish in Dubai , such as a sole proprietorship, limited liability company, or joint stock company. The type of company should match your business goals and market requirements.
- Determine the business activity: Determine the business activity you would like to practice in your company. Establishment and licensing costs may vary based on the type of activity.
- Consult professionals: Consult an experienced lawyer and financial advisor with incorporation in Dubai. They will help you estimate expected costs based on the type, size and chosen business activity.
- Estimate fee costs: Estimate the cost of fees required to obtain and register a company, including licensing fees, registration fees, and fees for legal advisors and accountants.
- Estimating real estate costs: You may need to rent office or commercial space to use as a company headquarters. Estimate the costs of rent, mortgage, insurances and maintenance fees if applicable.
- Determine additional costs: You may also need to calculate additional costs such as marketing and advertising costs, insurance costs and additional licenses that may be required to operate the specific business.
- Budget Preparation: Based on the estimated costs and available information, prepare a comprehensive budget for setting up the company in Dubai. Identify essential costs and keep an extra amount aside for unexpected expenses.
- Search for financing: If necessary, research available financing options to cover establishment costs. These options may include self-financing, financing from investors, bank loans, or local financial support programs.
Consultations on the cost of establishing companies in Dubai
The cost of incorporating a company in Dubai varies based on several factors, including the type of company, business activity, and legal and regulatory requirements. For specific advice on the cost of setting up a company in Dubai, it is preferable to work with a local lawyer or financial advisor who has knowledge and experience in this field. They can provide specific and accurate guidance regarding the cost of company incorporation based on your individual circumstances. Some general points can be mentioned about the cost of company incorporation in Dubai:
- Licensing fees: The costs of obtaining a company license and registration in Dubai vary based on the type of company and business activity. This fee is usually a fixed amount and is paid annually.
- Registration fees: Includes fees for registering the company in the local commercial registry and obtaining the necessary registration certificate for the company. These fees vary according to the type of company and its capital.
- Real estate costs: You need to rent office or commercial space to use as a company headquarters. Rental costs vary based on office location, size, and business district category.
- Fees for legal advisors and accountants: You may need to consult a lawyer or accountant to assist in preparing and submitting the legal and accounting documents necessary to establish the company and comply with legal requirements. The cost of these services depends on the complexity of the process and the requirements of the company.
Learn how to start a company in Dubai
Concluding the conversation, you should keep in mind that the cost of setting up a company in Dubai depends on several factors and it is not possible to determine a fixed cost that applies to all cases. You should use a professional local lawyer or financial advisor to provide you with clear information about the exact costs and procedures required to establish your company in Dubai.
It is important that you conduct appropriate research and consultation to ensure that you fully understand the financial and legal requirements for setting up a company in Dubai. This may include consideration of fees and license costs, office rental, consulting services, and future monthly practical costs. You should also take into account your company’s individual circumstances.
Frequently asked questions about the cost of setting up a company in Dubai:
1. What are the main costs of setting up a company in Dubai?
Costs include registration fees in the Dubai Commercial Register, required capital, legal and administrative consulting fees, and fees for obtaining government licenses.
2. Does the cost of establishing a sole proprietorship differ from that of a limited liability company (LLC) in Dubai?
Yes, costs vary based on the type of company and the amount of capital required, with a minimum capital requirement for an LLC.
3. What are the fees required to register in the Dubai Commercial Register?
Fees vary according to the type of company and number of partners, and include basic registration fees and management fees.
4. Does the establishment cost include future taxes?
The cost of incorporation includes initial fees only, and future taxes vary based on company performance and local tax legislation.
5. How can I determine an appropriate budget for establishing a company in Dubai?
It is recommended to consult with local business consultants to estimate expected costs based on the type of company and scope of business activities.
