Contents
Every investor wants to expand his business and open many branches in a place inside or outside the country, but one of the things that you should think about is establishing a company in Dubai because of the benefits and facilities that every investor and every person who wants to establish a new company wants, and for this we will explain to you in the article the necessary procedures to start establishing a company in Dubai and what are the establishment steps and costs.
Steps to establish a company in Dubai
To start establishing a company in Dubai, you must follow the following steps:
- Determine the type of company: There are many types of companies, whether a public joint stock company, a limited liability partnership, a sole proprietorship company, a commercial or consulting company, and other types available in Dubai, so make sure to determine the type you want and let’s start the next step.
- Assign a name to the company: When naming the company, you must ensure that there is no other company using the same name and that the name is compatible with existing laws and regulations.
- Registration and licensing: Register the company with the Department of Economic Development and the competent authorities, and obtain licenses to start working legally.
- Develop a marketing strategy: One of the fastest solutions for the rapid growth of any project and any business, make sure to have a marketing team in your company and develop an appropriate marketing strategy for the company.
- Build a work team: Choose a work team and employees for the company carefully and put each specialist in the right place, and follow up on the work continuously.
- Rent an office to work: Find a distinctive location for the company so that it becomes the team’s headquarters.
- Get advice: Before starting to establish a company in Dubai, you want to get advice from a lawyer or from consulting companies specialized in establishing companies in Dubai, and they are certainly familiar with establishing companies in Dubai, such as Tadbeer Company, which is one of the leading companies in establishing companies in Dubai, and they are the best choice for you to develop a business strategy before starting it.
Advantages of opening a company in Dubai
The advantages of establishing a company in Dubai are many, including:
- Full exemption from taxes on both import and export.
- A large availability of storage warehouses.
- Availability of many services, whether entertainment, educational, or banking.
- A distinguished location: It provides more opportunities to import and export products to international and global markets.
- The presence and availability of all means of transportation.
- Ease of establishing various projects.
- Allowing full ownership for foreigners: A foreign investor and non-citizen of the UAE can establish a company in Dubai without the need for an Emirati sponsor or partner.
- No income or corporate tax.
- Easy and simple procedures for establishing any company.
- The presence of multiple types of commercial activities that can be practiced.
Cost of establishing a company in Dubai
When you think about establishing a company, you must know the necessary steps to start establishing the company and also what are the costs or fees required to establish the company, so in this paragraph we will inform you of the expected fees when establishing a company in Dubai.
First, you must know that the cost and fees vary according to the type of company that will be established, according to the geographical location in which the company will be established, and according to the authorities responsible for establishing the company:
- Fees for hiring a consultant or lawyer: If you are using a consulting office or lawyer to establish the company, this requires fees.
- Work visa fees: This is in the event that you employ a foreign employee; you need to pay the costs of the work visa and the necessary permits for foreign workers.
- Registering the company and obtaining the license: It requires fees to be able to register the company and obtain the commercial license.
- Opening a bank account: Opening a bank account in Dubai requires fees and also depositing an initial balance in the account.
- Rental and finishing costs.
- Insurance costs: In some companies, insurance coverage is required for the company, and in this case you need to pay the cost of insurance on the responsibility of the workers, employees, and the company.
- Salaries and incentives: Salaries, incentives, benefits, and health insurance provided by the company to employees and workers.
Company formation offices in Dubai
Legal consulting and accounting companies in Dubai seek to help emerging or small companies overcome the start-up stage by developing a strategy to start establishing a company in Dubai or any of the free zones. Among these companies is Tdabeer Company, which is one of the best company formation offices in the United Arab Emirates, which helps you from the beginning to establish the company successfully.