What Are The Steps To Register A Company In Dubai?

The process for registering a company in Dubai may vary depending on the type of company and the business activities involved. However, here are the general steps to register a company in Dubai:

 
1. Determine the type of company: You need to determine the type of company you want to establish, such as a limited liability company, a free zone company, or a branch of an existing foreign company.
2. Choose a business activity: You need to choose the business activities that you want to carry out in Dubai, and make sure they are allowed under the UAE Commercial Companies Law.
3. Choose a trade name: You need to choose a unique name for your company, which is not already taken by another business entity.
4. Obtain initial approvals: You need to obtain initial approvals from the Dubai Department of Economic Development (DED) or the relevant free zone authority.
5. Obtain a business license: You need to apply for a business license from the DED or the relevant free zone authority. The license will specify the business activities that you are permitted to undertake.
6. Find a location: You need to find a suitable location for your company. This could be a physical office or a virtual office, depending on the type of company and the business activities.
7. Register with the Chamber of Commerce: You need to register with the Dubai Chamber of Commerce and Industry.
8. Register for taxes: You need to register for taxes with the Federal Tax Authority (FTA) in Dubai.
9. Hire employees: If you plan to hire employees, you need to apply for work visas for them.
10. Open a corporate bank account: You need to open a corporate bank account to conduct your business operations.

The process of registering a company in Dubai can be complex and time-consuming, so it is advisable to seek the help of a legal professional or a business consultant to guide you through the process.

How Much Does It Cost To Form A Company In Dubai?

The cost of forming a company in Dubai depends on various factors, such as the type of company, the business activities involved, the location, and the services required. Here are some of the common costs involved in forming a company in Dubai:

1. Trade name reservation fee: A fee of AED 660 (approximately $180) is charged for reserving a trade name for a company.
2. Initial approval fee: The fee for obtaining initial approvals from the Dubai Department of Economic Development (DED) or the relevant free zone authority can range from AED 1,000 to AED 10,000 (approximately $270 to $2,700), depending on the type of company and the business activities involved.
3. Business license fee: The fee for obtaining a business license from the DED or the relevant free zone authority can range from AED 5,000 to AED 30,000 (approximately $1,360 to $8,170), depending on the type of company and the business activities involved.
4. Office rent: The cost of office rent in Dubai can vary widely depending on the location, size, and quality of the office space. As a rough estimate, the monthly rent for a small office can range from AED 5,000 to AED 10,000 (approximately $1,360 to $2,720).
5. Sponsorship fees: If you are setting up a limited liability company in Dubai, you will need to have a local sponsor who will own 51% of the company. The cost of sponsorship can vary depending on the sponsor and the services provided, but it can range from AED 10,000 to AED 25,000 (approximately $2,720 to $6,800) per year.
6. Legal and consultancy fees: The cost of legal and consultancy services can vary depending on the complexity of the company formation process and the services required. As a rough estimate, you can expect to pay between AED 15,000 and AED 50,000 (approximately $4,080 to $13,600) for these services.
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Overall, the cost of forming a company in Dubai can range from AED 25,000 to AED 100,000 (approximately $6,800 to $27,200) or more, depending on the factors mentioned above.