22 May The cost of establishing a company in Dubai for Gulf citizens
Establishing a company in Dubai is considered an important strategic step for Gulf Saudis, Emiratis, and Bahrainis who are happy to expand into the business world. Dubai provides an ideal investment environment and diverse opportunities that attract investors from the Gulf and the whole world. Itqan Company is considered a reliable strategic partner for Gulf nationals who wish to establish their companies in Dubai, as it provides the necessary support and expert knowledge to facilitate this process.
The costs of setting up a company in Dubai vary according to the type, size and economic activity of the company. In cooperation with Itqan, Gulf residents can estimate the total cost of starting their company, including licensing fees, consulting services, labor costs, and expected financial returns.
This article will review in detail the cost of establishing companies in Dubai for Gulf nationals in cooperation with Itqan Company, and will provide practical advice for financial planning and success in this entrepreneurial adventure.
The cost of establishing a company in Dubai for Gulf citizens
Why choose to establish a company in Dubai for Gulf nationals?
When establishing a company in Dubai, many Gulf Arabs choose that Dubai has an advanced infrastructure that supports business effectively, which facilitates the process of establishing and operating companies, and also for several other reasons, which are represented in the following points:
- Thriving Business Environment: Dubai has a dynamic business environment full of opportunities, making it an ideal destination for startups and medium-sized companies.
- Advanced infrastructure: Dubai has a modern and advanced infrastructure, which provides a business-friendly environment and facilitates the process of establishing companies.
- Flexible Laws: Dubai provides flexible commercial laws and government initiatives aimed at encouraging investment and supporting small and medium enterprises.
- Access to regional and global markets: Dubai is strategically located with easy access to the Middle East, North Africa and South Asia markets, making it a hub for global trade.
- Investment facilities: Dubai offers a number of government facilities to Gulf investors, such as tax exemptions and simple procedures for establishing companies. In addition, Itqan is a reliable partner for Gulf nationals in establishing their companies in Dubai, providing the expertise and support necessary to ensure the success of new projects.
Procedures for establishing a company in Dubai
The procedures and conditions for establishing a company in Dubai for Gulf nationals are not difficult, but are very easy and include the following steps:
- Choosing the type of company: Gulf citizens must determine the type of company they wish to establish, such as a sole proprietorship, a limited liability company, or a joint stock company, according to the requirements of their business activity.
- Choosing a trade name: A name for the company must be chosen that complies with the laws of the emirate and is unique and not similar to the names of other companies.
- Determine the business activity: The company’s business activity must be precisely defined and ensured that it is compatible with local laws.
- Providing the required documents: You must submit the documents required to establish the company, such as a passport, a personal photo, and proof of residence.
- Signing the basic agreement: The company’s basic agreement or articles of association must be signed and registered in the commercial registry.
- Obtaining the necessary licenses: The company may need special licenses depending on its business activity, such as building permits, health and safety licenses, and others.
- Office rental: The company must rent a commercial office in one of the approved commercial areas in Dubai.
- Payment of incorporation fees: The fees required to establish the company and register it in the commercial registry must be paid.
- Obtaining a business license: After completing the previous procedures, the company can obtain the necessary business license to start commercial activity in Dubai.
- Tax registration: The company must register with the tax department to carry out its tax obligations.
These are some of the main procedures that Gulf nationals must follow to establish a company in Dubai, and it is recommended to cooperate with local consulting companies such as Itqan Company, which specializes in this field, to facilitate the establishment process and ensure the company’s compliance with local laws.
Fees for establishing a company in Dubai
If you plan to establish a company, you must learn about the most important steps for establishing a company in Dubai for Gulf citizens, as it requires some costs and fees, which we will learn about in the following points:
- Fees for a license to practice work in Dubai.
- The cost of purchasing a workplace or the cost of annual rent.
- Office furniture and decoration fees.
- Work permits and visas for expatriate employees to work under the company name.
- Open a bank account in the name of the company and deposit the minimum capital according to the type of activity.
- The legal form of the company is whether industrial, commercial or professional.
If you are thinking about establishing a company in Dubai for Gulf citizens, you can do it through a registered agent to facilitate all procedures and licenses, so all you have to do is contact us and the work team will take all the necessary steps.
Documents required to establish a company in Dubai for Gulf nationals
To establish a company in Dubai for Gulf nationals , a set of required documents must be submitted. Documents may vary slightly depending on the type of company and business activity chosen, but in general, the basic documents you will usually need include:
- Passport: A copy of the passport of all shareholders and directors.
- Personal photos: Personal photos of all shareholders and directors.
- Proof of Residence: A copy of proof of residency for all shareholders and directors.
- Contracts and Agreements: A copy of the contracts and agreements related to the establishment of the company and the distribution of stock shares.
- Commercial activity: A document defining the company’s commercial activity.
- Commercial address: A document proving the address of the company’s commercial headquarters.
- Legal power of attorney: If there is a person who represents the shareholders in the procedures for establishing the company.
- Financial report: In some cases, a financial report may be required that shows the shareholders’ ability to finance the company.
- Work Permit: In case of foreign employees, a work permit is required.
This is a general list of required documents, and it is always preferable to verify the commercial registry requirements by the experts of Itqan Company in Dubai before starting the company establishment process.
Establishing a company in Dubai for Gulf nationals
Obtaining a business license in Dubai
Obtaining a commercial license in Dubai can provide many advantages for those wishing to start or expand their business in terms of establishing a company in Dubai for Gulf nationals and others. Here are some benefits you can take advantage of:
- Ease of establishment: The procedures for establishing companies in Dubai are simple and easy, which makes it easier for entrepreneurs to start their business quickly.
- Access to global markets: Dubai’s strategic location and advanced infrastructure provide opportunities to access regional and global markets efficiently.
- Vibrant commercial environment: Dubai provides a dynamic and lively commercial environment that facilitates marketing and promotion operations for companies.
- Open legislation for investment: Dubai offers flexible and open legislation towards foreign investment, which attracts investors and facilitates the establishment of companies.
- Advanced Infrastructure: Dubai provides advanced infrastructure that includes ports, airports and roads, facilitating transportation and distribution operations.
- Advanced financial services: Dubai provides a range of advanced and diverse financial services, such as banks and investment companies, which makes it easier for companies to organize their financial business.
- Government support: The Dubai government provides significant support to companies by providing business support and encouragement programs.
In short, obtaining a business license in Dubai can open up many opportunities and advantages for companies that help them succeed and thrive in the global business market.
Costs of establishing a company in Dubai for Gulf nationals
Establishing a company in Dubai for Gulf nationals in cooperation with Itqan Company requires following several steps and saving some of the costs necessary to start work. First, you must determine the appropriate company type that suits the proposed business activity, such as a sole proprietorship, partnership, or limited liability company. Then, you must specify the company name, ensure its availability, and register it.
Next, the company’s geographical location, whether in a free zone or in the local market, must be determined, taking into account economic factors and local regulations. The capital necessary to start operations and operate the company must also be provided, and this can require opening a company bank account and submitting the required documents.
In addition, there can be costs for legal and administrative consulting to ensure compliance with all local regulations and laws, as well as fees for licenses and permits necessary to start the business. Gulf nationals wishing to establish a company in Dubai must be aware of all potential obligations and costs before starting the process.
The importance of establishing a company in Dubai
Establishing a company in Dubai in cooperation with Itqan Company can have many important benefits, in that Itqan Company provides the necessary legal support to establish the company and follows up on all legal procedures related to it, which ensures compliance with all local laws and regulations, in addition to the following:
- Economic consulting: Itqan provides economic consulting that helps in making the right decisions based on accurate economic and market analyses.
- Guidance in choosing economic activity: Itqan helps in choosing the appropriate economic activity that suits the local and global market, and ensures achieving maximum success and profitability.
- Government Facilities: Thanks to its previous experiences and extensive relationships in the market, Itqan Company provides government facilities that help accelerate the process of establishing the company and reduce obstacles.
- Access to a network of clients and partners: Itqan Company can provide easy access to its wide network of potential customers and partners, which enhances the company’s chances of success. In short, cooperation with Itqan Company can contribute significantly to the success and prosperity of your company in Dubai and represents an important investment for the future.
Types of companies in Dubai
Below is a table showing the types of companies that can be established in Dubai for Gulf nationals and many other nationalities. Here are the following types of companies:
| Type of Company | the description |
|---|---|
| Sole Proprietorship | A company owned and managed by one person, who is fully responsible for all debts and liabilities of the company. |
| Partnership | A company consisting of partners who share the management of the business, profits and losses, and liability can be limited or unlimited depending on the type of partnership. |
| Limited Liability Company (LLC) | A company consisting of partners, each partner’s liability is limited to some extent, and the company is presented as a separate legal entity from its owners. |
| Public Joint Stock Company | A company can be owned by a large number of shareholders, and its shares can be sold on the public financial market. Liability is limited to the shareholders. |
| Private Joint Stock Company | A company is owned by a limited number of shareholders, and the shareholders have limited liability. It is prohibited to sell its shares in the public financial market. |
| Group Company | A group of companies that manage their operations and business as a single entity. These companies may be owned by a parent company or independent. |
| Subsidiary Company | A company that is wholly or partially owned by a parent company and enjoys a degree of independence in managing its business. |
Please note that these types may differ in details and requirements depending on applicable UAE laws and legislation. You can contact Itqan Company, which has great experience in this field.
Establishing a company in Dubai represents a crucial investment step for Gulf Arabs, as Dubai is the main business gateway to the UAE and regional market. In cooperation with Itqan Company, Gulf investors can benefit from the expertise and distinguished services to facilitate the process of establishing a company in Dubai.
Establishing a company entails various costs, including registration fees, licenses, legal consultations, and administrative services. However, in cooperation with Itqan, easy establishment packages can be obtained at a competitive cost. The company helps guide customers to choose the appropriate business activity and provides the necessary support to complete the procedures effectively.
It is worth noting that investing in Dubai opens the doors of opportunities to access Gulf and international markets, making it an ideal destination for entrepreneurship and the development of new companies. If you are a Gulf citizen and are looking to establish a company in Dubai at a reasonable cost and with distinguished services, then using Itqan Company is the ideal choice to achieve sustainable success in the dynamic and growing Dubai market.
Frequently asked questions about the cost of establishing a company in Dubai
What are the main costs involved in setting up a company in Dubai for Gulf nationals?
Major costs include registration and licensing fees, office rent, and human resources costs. Itqan Company will provide you with a full breakdown of the expected costs based on the type of company, location, and activity.
Are there any additional or hidden fees when establishing a company?
Itqan Company will make sure to inform you of all required fees and costs clearly and without any surprises. All possible costs will be explained to you in detail.
What are the financing options available for establishing the company?
There are many financing options available, including self-financing, bank loans, and government support programs. Itqan Company will discuss with you the best options suitable for your project needs.
Are there any tax incentives or exemptions available for companies registered in Dubai?
Yes, there are many attractive tax benefits for companies registered in Dubai, including exemption from income and value added tax. You will be provided with full details by Itqan Company experts.