Costs of setting up a company in Dubai, opening a company in Dubai represents an important strategic step towards entering an advanced and prosperous business environment that provides many commercial and investment opportunities. Dubai is one of the most attractive cities for investments thanks to its unique geographical location, advanced infrastructure, and dynamic economic environment. To keep up with these opportunities and achieve success in this competitive market, companies need to follow precise steps and specific legal procedures.

Cooperating with Itqan in this field can have a significant impact on accelerating and improving the cost of setting up a company in Dubai. With its extensive experience in the local market and high professionalism, Itqan provides comprehensive support to investors at all stages of establishing a company. By providing specialized consultations and assistance in choosing the most appropriate among the available licensing options, to preparing the necessary documents and submitting applications to government agencies, Itqan contributes to simplifying complex procedures and saving time and effort for investors.

The company helps guide clients towards the best possible options based on the nature of their activities and requirements, and provides support in completing all necessary legal and financial procedures. This cooperation enhances the chances of success of the new company in the market by ensuring its compliance with all legal and commercial requirements in Dubai.

The consulting partner also helps in advising on the best strategies to expedite the establishment procedures and ensure compliance with local and international laws. Ultimately, working with Itqan is a smart investment that enables investors to focus on developing their businesses and achieving their commercial goals effectively and professionally.

Cost of setting up a company in Dubai

 

Basic steps to establish a company in Dubai

Establishing a company in Dubai is a strategic step that requires careful planning and a comprehensive understanding of the legal and administrative requirements. As a global business hub, Dubai offers an ideal business environment thanks to its advanced infrastructure, strategic geographical location, and encouraging policies that support investments. To ensure the success of the establishment process, it is essential to follow a series of basic steps that will help you achieve your business goals efficiently and effectively. Below are the basic steps to establish a company in Dubai :

1. Determine the type of company and its activity

Before starting the procedures, you must determine the type of company that suits your business activity, such as a limited liability company (LLC), a public joint stock company, or a company in a free zone. Also determine the business activity you will be conducting, as this will affect the type of license required.

2. Choosing a business name

Choose a trade name that complies with local laws and is not similar to other company names. The name must reflect the company’s activity and be approved by the Department of Economic Development or the competent authority.

3. Preparing the required documents

Collect and prepare all necessary documents, such as passports, passport photos, proof of address, lease agreement, business plan, and company legal documents.

4. Submitting the license application

Apply for the appropriate license from government agencies such as the Department of Economic Development or the competent authority in the free zone. This includes completing the required forms and submitting the necessary documents.

5. Open a bank account

Open a bank account in the company’s name at an approved bank. Opening the account requires submitting company documents and proof of identity.

6. Signing the lease contract

Lease an office or commercial space to be your company headquarters. Lease agreement must be submitted with licensing applications.

7. Obtaining permits and visas

After obtaining the license, submit applications for the necessary permits and visas for the company’s employees, if required.

8. Company registration

Register the company with government agencies and relevant bodies to ensure its compliance with local laws and regulations.

9. Starting operations

After completing all the steps and obtaining the necessary licenses, you can start business operations and run the company.
By following these basic steps, you will be able to establish your company in Dubai effectively and ensure that it complies with all legal and administrative requirements, contributing to achieving success and growth in the city’s dynamic business environment.

Documents required to establish a company in Dubai

Establishing a company in Dubai requires the preparation of a set of basic documents to ensure that all legal and administrative requirements are met. Dubai, with its advanced business environment and encouraging investment climate, is an attractive destination for many investors and entrepreneurs. To ensure that the incorporation process goes smoothly, it is essential to submit the required documents accurately. Below is a list of the basic documents you need to establish a company in Dubai:

1. Passports of founders and directors

Clear and coloured copies of the passports of both founders and directors must be submitted. These passports must be valid.
2. Personal photographs of the founders and directors

Recent personal photographs of the founders and directors must be submitted, usually with a white background and according to specific sizes that may be determined by government agencies.
3. Proof of address

Submit a document proving the current residential address of the founders and managers, such as a utility bill (electricity, water) or a rental contract.
4. Business plan

Prepare a detailed business plan that includes information about the business, target market, growth strategies, and competitive analysis. This plan is essential to clarify the company’s business objectives.
5. Lease Agreement

Submitting a lease contract for an office or office space in Dubai, as this contract is considered evidence of the actual existence of the company’s headquarters.
6. Legal documents for the company

These documents include the company’s articles of association, partnership contracts (if any), and a certificate of incorporation. These documents reflect the legal and administrative structure of the company.
7. Certificates of qualifications

For some businesses, educational or professional qualification certificates may be required for founders and directors.
8. Signing the application form

The required registration and licensing forms must be signed by the founders and managers and submitted to the relevant authorities such as the Department of Economic Development or the competent authority in the free zone.
9. Copy of visas and residencies

If the founders or directors are residents of Dubai, copies of their residency visas may be required.
10. Business Activity Report

Submit a report outlining the nature of the business activity and the planned areas of work, which helps in determining the appropriate type of license.
Preparing these documents carefully contributes to speeding up the incorporation process and ensures that the company complies with all legal and administrative requirements in Dubai.

Our company’s role in establishing a company in Dubai

At the end of the process of setting up a company in Dubai , it becomes clear that the complex steps and procedures require careful planning and consideration of all legal and administrative aspects. Cooperating with Itqan Company plays a pivotal role in facilitating and simplifying this process, enabling investors to achieve their business goals efficiently and effectively.

With its deep experience and extensive knowledge of the local market, Itqan provides comprehensive support from the initial planning stage to the successful registration and operation of the company. By providing specialized advice and assistance in choosing the appropriate licenses, to handling all legal documents and procedures, Itqan ensures that every step is done correctly and on time.

Thanks to this collaboration, investors can focus on their business strategies and developing their growth plans instead of getting bogged down in complex bureaucratic procedures. Partnering with Itqan helps ensure compliance with all local laws and regulations, reducing risks and increasing the chances of success in the market.

Finally, working with Itqan provides investors with additional assurances about accelerating the establishment procedures and reducing any obstacles they may face. This comprehensive support contributes to achieving investors’ goals faster and easier, making Dubai an ideal destination for business and investment. Itqan’s commitment to providing distinguished and professional service enhances the ability of new companies to excel and grow in the advanced business environment provided by Dubai.

Frequently asked questions about setting up a company in Dubai