Dubai, the commercial and financial hub of the United Arab Emirates (UAE), is renowned for its vibrant economy, tax incentives, excellent infrastructure, and strategic location. It is no surprise that many entrepreneurs, investors, and businesses worldwide aspire to start a business in Dubai. However, the process of setting up a company in Dubai can be quite daunting, especially for foreign investors who are not familiar with the local laws, regulations, and customs.
To facilitate and streamline the company formation process, many companies offer Dubai company setup packages. These packages are designed to provide a comprehensive range of services that cover all aspects of setting up a business in Dubai, from obtaining the necessary licences and permits to registering the company with the relevant authorities.
In this blog, we will provide a detailed guide on Dubai company setup packages, including their benefits, features, and costs.
Dubai (UAE) company setup packages offer several benefits for entrepreneurs, investors, and businesses. Some of these benefits include:
Setting up a company in Dubai can be a time-consuming and expensive process, especially for foreign investors who are not familiar with the local laws and regulations. Dubai company setup packages provide a one-stop-shop solution that streamlines the company formation process, saving time and money.
Dubai company setup package eliminates the need for entrepreneurs and investors to deal with multiple government agencies and departments to obtain the necessary licences, permits, and approvals. The company formation service provider handles all the paperwork and documentation and liaises with the relevant authorities on behalf of the client.
Dubai company setup packages are provided by experienced and knowledgeable professionals who are well-versed in the local laws, regulations, and customs. They provide expert advice and guidance to ensure that the client’s company is set up in compliance with all legal and regulatory requirements.
Dubai company setup packages offer a range of options and services that can be customised to meet the specific needs and requirements of the client. The client can choose the services they need and pay only for what they use.
Dubai company setup packages vary in features depending on the service provider and the package selected. However, some common features of Dubai company setup packages include:
The service provider assists in registering the client’s company with the relevant authorities, such as the Department of Economic Development (DED), Dubai Chamber of Commerce and Industry, and Dubai Municipality.
The service provider helps the client obtain the necessary business licence(s) required to operate the business in Dubai, such as a Commercial License, Professional License, or Industrial License.
The service provider offers options for office space, such as a physical office, virtual office, or co-working space. The service provider can also assist in finding suitable office space for the client’s business.
The service provider assists in obtaining visas for the client and their employees, such as a Residence Visa, Employment Visa, or Investor Visa.
The service provider assists in opening a bank account for the client’s business in Dubai, making it easier to manage financial transactions.
The service provider assists in opening a corporate bank account, which allows the client to manage the company’s finances.
The service provider offers Public Relations Officer (PRO) services, such as document clearing, visa processing, and other government-related services.
The service provider can offer legal and accounting services to ensure that the client’s company is compliant with all legal and regulatory requirements.
The costs of Dubai company setup packages vary depending on the service provider, the package selected, and the client’s specific requirements. Generally, the costs can be broken down into three categories: government fees, service provider fees, and optional fees.
Government fees are fees charged by the relevant government authorities for registering the company and obtaining the necessary licences and permits. These fees can vary depending on the type of business, the business activity, and the location of the business. For example, the fees for obtaining a Commercial License can range from AED 10,000 to AED 15,000, while the fees for obtaining an Industrial License can range from AED 15,000 to AED 20,000.
Service provider fees are fees charged by the company formation service provider for their services. These fees can vary depending on the package selected and the level of service required. For example, a basic package that includes company registration and a business licence may cost around AED 7,000, while a premium package that includes office space, visa services, and bank account opening may cost around AED 25,000 or more.
Optional fees are fees for additional services that are not included in the package selected but may be required by the client. These fees can vary depending on the service provider and the specific service required. For example, legal and accounting services may be charged separately and can cost anywhere from AED 5,000 to AED 20,000 or more, depending on the level of service required.
It is important for clients to carefully review the costs and services included in the package before selecting a service provider. Some service providers may offer lower prices but may not include all the necessary services, resulting in additional costs and delays in start a business in dubai. It is also important to consider the reputation, experience, and expertise of the service provider to ensure that the company formation process is smooth, efficient, and compliant with all legal and regulatory requirements.