You know the cost of establishing a company in Dubai, UAE is considered one of the best commercial markets in the world because of the advantages it provides to investors, whether on land or in free zones. It also allows them to invest in Dubai and abroad, especially in the Gulf Cooperation Council countries.
Based on this, many businessmen and investors prefer to work in the Emirates, establish their investments, and establish their companies. Therefore, they wonder about the cost of establishing a company in Dubai, the conditions for establishment, in addition to the various establishment steps. It is worth noting that all of these things and more help the Tasyeiir company obtain it in the shortest possible time and in only three days.
The cost of establishing a company in Dubai
The cost of establishing a company varies depending on whether the company is subject to local regulations or free zone regulations. There are costs related to the commercial license in the free zone. While there are costs related to the commercial license to operate in local markets. The factors affecting the cost of establishing companies are as follows:
License fees
License fees vary based on the area chosen for investment.
Finishing the formulation of the business
This type of fee relates to the field of work and activities desired to be practiced and promoted. In addition to the appropriate place of activity.
Commercial name registration
The cost of establishing a company in Dubai is paid in exchange for registering and choosing the commercial name. In addition to there are other fees related to registering the trademark.
Commercial license
You must pay the fees for obtaining a commercial license, which vary depending on the type of activity practiced. You must also fulfill all its conditions and controls and submit all the papers required to obtain it.
Open a bank account for the company
There is a large group of banks available in the Emirates that you can choose from, whether local or international, to open a bank account for the company, and this is done in exchange for some fees.
Entry visa fees
It is a set of visas that must be obtained for a company. Which varies based on its size, in addition to other criteria.
It is worth noting that this type of procedure requires the investor to pay some of his own fees. In addition to paying visa fees and hiring employees.
Conditions for opening a company in the Emirates
There are multiple types of cost of establishing a company in Dubai that can be established and established for investors due to the diversity of businesses, activities and investments that are carried out in the Emirates. But despite this, there are some general conditions, which are as follows:
- Choose the type of activity you want to work in and do a good feasibility study for this matter.
- As well as, finding a strategic location for the company.
- Choose a work team that has experience, competence, and high skill in dealing with customers.
- Finishing all papers, procedures and documents related to the establishment of the company, and this is a matter undertaken by Tasyeiir company.
- Obtaining a commercial license in order to practice the activity. It must also be issued through the relevant and competent bodies and authorities. And this is something that can also be undertaken by Tasyeiir company.
- As well as, develop many alternative plans and ideas for use in the event of problems at work.
- Consulting experts and specialists in commercial projects because they have many years of experience and know the extent of the success of projects and companies.
Documents for opening a company in the Emirates
In addition to the necessity of paying the cost of establishing a company in Dubai. There are a set of papers and documents required to establish companies. Whether for foreigners or citizens, which are as follows:
- A lease contract for the desired location to establish the company.
- A business plan in case of an industrial or commercial license is submitted to the competent authorities.
- A copy of the shareholders’ passport as well as the proposed director of the commercial enterprise.
- As well as, passport size photo.
- Company-specific names which must be appropriate to country-related standards.
- As well as, the company’s articles of incorporation.
- Company incorporation certificate.
- As well as, a decision by the relevant authorities approving the commercial activity.
- Feasibility study report.
- As well as, power of attorney.
- Certificate of approval from the Chamber of Commerce and Industry.
- Company registration documents.
- Commercial license.
- Additional documents required by the relevant authorities.
How to establish a company in the Emirates?
Because Dubai is one of the largest and most famous Arab cities for investors and entrepreneurs due to its reliance on modern and advanced technologies, means and methods in trade and investment. Many people want to know how to establish companies there, which is as follows:
Choose the project type
It is necessary to determine the type of project or activity that you want to practice, whether professional, commercial or industrial. In order to be able to know the type of licenses that the company needs to establish it.
Determine company ownership
The most important steps in establishing and establishing a company in Dubai. In the case of a desire to own 100% and the person is a foreigner is to establish and establish it in a free zone in the Emirates. Because only that zone allows foreigners to own their companies and institutions without the need for a partner or sponsor.
Legal structure of the company
The legal structure of a company depends mainly on its location and the type of business it undertakes. As there are many rules for company formation.
Choose a commercial name
Determining the trade name is one of the most important conditions for opening a company in the Emirates, because it is an integral part of legal transactions and procedures. As the name is supposed to indicate the nature of the work and the factors that distinguish the company from others.
Determine the capital ratio
Many times, with the presence of some activities, a minimum capital must be determined for the company. And this is among the conditions for opening and establishing it.
Choose a site
Perhaps one of the most important steps for establishing companies is searching for a suitable place for them. As it must be available with all the services and needs for establishment, such as water, internet, and electricity.
Selection of the work team
The final step that can be taken in establishing companies is to choose an integrated work team for the company. As specialized managers must be appointed and they must begin their work as soon as the company is registered to obtain the best possible results.
Advantages of establishing a company in the Emirates
There are many factors and elements that make many people turn to the Emirates in order to create and establish a new company or project there, including the following:
- It helps investors create and establish small companies. Regardless of the desired field or type of company.
- It allows the employment of a good number of employees and workers of multiple and different nationalities.
- The law allows business investors to own a full percentage of the company. So they will not need partners or local investors to control it.
- It helps young people who are beginners in the field of trade and investment to establish their own successful and secure projects.
- Funds can eventually be transferred or capital raised outside the country.
The cost of establishing a company in Dubai can be paid through Tasyeiir company, which is considered one of the most important and largest agents and legal advisors in the Emirates related to the establishment of companies, whether for foreigners or Gulf citizens, and this is because it undertakes all procedures related to this matter, starting from determining the activity practiced and the name of the company to the beginning of its work.
You can also follow us on Tasyeiir Company’s social networking sites to benefit from and obtain administrative services:
Through its sites on Instagram from here.
LinkedIn from here.
Through Facebook from here
