04 Nov The cost of establishing a company in Dubai for foreigners
The cost of establishing a company in Dubai for foreigners depends on many necessary options to determine the appropriate cost, such as the size of the company, the office space required for rent, the number of employees in the company, the cost of visas required for them, the type of trade license, and many other basic options that are a prerequisite for calculating the cost.
It is worth noting that how to establish a company in Dubai, although it is variable from one region to another, is an appropriate cost for different types of investors and capital owners, and those investors compete to seize the unique investment opportunities in Dubai. In this article, we shed light on how to establish a company in Dubai .
How to set up a company in Dubai
The city of Dubai receives thousands of investors from different nationalities annually who wish to establish projects and seize investment opportunities, facilities and advantages provided by the authorities in the city of Dubai and free zones. The investor is looking for how to establish a company in Dubai, and the costs are variable according to the region, the commercial license, and the size of the company. The government provides facilities and exemptions to reduce the cost of establishing a company in Dubai for foreigners.
In the following points, we show you how to establish a company in Dubai within 4 basic factors that are indispensable for the establishment of any company or project, and therefore depending on the region and licenses as follows:
- Company registration fee
Company registration fees are one of the primary costs that must be taken into account when calculating the cost of establishing a company in Dubai for foreigners. It is a fee that is paid only once at the beginning of the establishment of the company.
Determining the company registration fees is done according to the legal structure of the company and the region in which the company will be established on its land. The cost of the company registration fees in Dubai is within the range of 9000 AED to 10000 AED.
- Licensing fees
Obtaining a trade license is an important step for establishing various projects in Dubai. The cost of a trade license varies according to the type of activity in which the company will operate, as industrial activities are considered more expensive than commercial and service activities. It also depends on the region in which the company will be established.
The cost of the commercial license is paid annually upon the expiration date of the validity of the license. The costs of the commercial license range from AED 1,000 to AED 50,000.
The issuance of commercial licenses includes the following important points:
- The initial approval fee is around 100 AED.
- The fee for issuing a company name is about 210 AED.
- Issuing licenses for the company’s activity ranges from 500 to 600 dirhams and varies according to the type of activity.
- The fee for obtaining services from an authorized agent office is about 500 AED.
- Receipt and printing of the license. The fee is estimated at 500 AED.
- Office space fees
One of the basic steps for establishing a company in Dubai is to rent or buy an office space to be the workplace for the company, which is an essential cornerstone for calculating the cost of establishing a company in Dubai for foreigners. Office spaces in Dubai vary according to the needs of the company and the number of employees.
The government provides office spaces equipped with all smart supplies and services. The cost of office space ranges from AED 15,000 to AED 50,000.
- capital
The cost of capital that is involved in how to establish a company in Dubai differs, and this is due to the different requirements according to each region in which the company will be established and the type of economic activity in which the company will operate. The minimum capital for establishing a company in Dubai ranges from 1,000 AED to 1,000,000 AED.
- Market entry fees
- The costs of entering the markets of the local law system, which is 5% of the value of the company’s lease.
- Fees determined by a committee of the competent authorities in Dubai for foreign investors.
- The residence fee for the foreign investor in Dubai is estimated at 5% of the value of the housing contract.
- Waste-related fees are estimated by the Dubai Waste Committee.
For more information on how to establish a company in Dubai accurately, contact our team, and we will calculate the necessary cost according to your needs and the nature of the circumstances of your activity in which you will work.
- other costs
There are other costs for establishing a company in Dubai, and these costs are variable and are calculated according to business needs as follows:
- After renting or purchasing the office, it must be equipped with all the equipment, furnishings, décor, furniture, and others that are necessary to prepare the work environment for the employees.
- The company shall pay all costs of work permits and visas for expatriate employees to work under the name of the company.
- The company must keep in mind the cost of depositing the minimum share capital into the company’s bank account.
- The costs of the legal form of the company vary according to the nature of the activity, whether industrial, commercial or professional, and the industrial activity has the highest costs.
How to set up a company in Dubai
Whatever the cost of establishing a company in Dubai for foreigners, there are many advantages that accrue to the investor or entrepreneur, which makes investing in Dubai a golden opportunity. It is summarized in the following:
- The cost of establishing a company in Dubai for foreigners is very low in many areas in Dubai, such as free zones that do not impose taxes on the establishment of various projects compared to any other area.
- The government in Dubai is working to train young entrepreneurs and provide them with the best skills to invest and establish projects properly.
- The Investment Authority established the “Dubai Traders” program in order to develop young people’s ideas and identify the advantages that attract investors from different countries around the world.
- The government supports investors by providing loans, financial facilities, and bonds to support the cost of establishing a company in Dubai for foreigners.
- The cost of establishing a company in Dubai for foreigners is low in relation to the costs of office space, because there are many offices and warehouses for rent at excellent prices.
For more information about the advantages of establishing a company in Dubai and the cost of establishing a company in Dubai for foreigners, contact our team now.
We are here to help set up companies and calculate costs
We provide our clients with the comprehensive and integrated services needed to establish projects in Dubai, UAE, with the help of the strongest team in the field of establishing companies in Dubai, working with different nationalities and providing legal advice. We provide the following services:
- We have been working in the field of corporate support for many years so we have enough experience to support you from A to Z.
- We have a team trained in all legal procedures and transactions with the competent authorities.
- We extract and renew all commercial licenses for various economic activities in Dubai.
- We are distinguished by quality and clearing all procedures in the fastest time and at the lowest costs.
- We provide offices, warehouses and warehouses for rent at the best prices in Dubai.
- Providing full support and problem solving 24/7.
- We provide legal advice through ACFA Legal Consultants in the field of investment in Dubai.
For more information about the cost of establishing a company in Dubai for foreigners, obtaining commercial licenses, and dealing with government agencies to complete all procedures and papers, contact our team now.
At the end of this article on the cost of establishing a company in Dubai, we hope that we have shed light on what you are looking for about the cost of establishing a company in Dubai for foreigners and the advantages that accrue to investors from establishing a business in Dubai .
Contact us today and get a free consultation to implement all your business plans!