Dubai is one of the most attractive investment destinations in the world, offering a sophisticated business environment and a variety of economic opportunities. In the face of fierce competition in the market, the role of company formation companies emerges as a major contributor to facilitating the process of starting a business and achieving success. Among these companies, “Etqan” stands out as one of the best options available to investors and businessmen looking to establish their companies in Dubai.
Etqan is distinguished by its extensive experience and in-depth knowledge of the local market, as it provides a comprehensive range of services that include licensing, legal procedures, and business consulting. The company strives to provide support and advice to investors, helping them overcome bureaucratic challenges and move towards success with minimal effort.
Etqan is a trusted partner for investors, as it focuses on providing customized services that meet the individual needs of clients, making it the first choice for many entrepreneurs. In this article, we will review the best reasons to choose Etqan to establish your company in Dubai, and what distinguishes it from other companies in this field.
Cost of establishing a company in Dubai
The cost of establishing a company in Dubai varies based on several factors, including the type of company, location, and specific business activities. In general, the basic costs to consider include:
License fees: These include fees for obtaining a commercial license issued by the competent authorities, and this depends on the type of license required, whether it is a commercial, industrial, or tourism license.
Office rent: The cost of renting an office is a major part of the costs. There may be different options, such as shared offices or independent offices, and the price depends on the location and size of the office.
Visas: These include the cost of obtaining work visas for investors and employees, which may vary depending on the number and type of visas required.
Legal documents: The incorporation process requires the preparation of legal documents, such as the articles of association and agreements. These documents may require the assistance of a lawyer or consultant, which increases the costs.
Utilities and services: These include the costs of utilities such as water, electricity, and the internet, in addition to any other services required by the company.
Taxes and government fees: Although the UAE does not impose income tax on companies, there are some government fees that may be required, such as annual license renewal fees.
Insurance: In some cases, companies may need special insurance, such as public liability insurance or business insurance, which adds to the overall cost.
Steps to establish a company in Dubai
Here are the steps to establish a company in Dubai:
Choosing the type of company: You must first determine the type of company you wish to establish, whether it is a sole proprietorship, limited company, joint stock company, or other.
Choosing the company name: You must choose a unique and appropriate name for the company and ensure that it complies with local regulations and laws.
Arrangement of partners and shareholders: If there are partners, their shares must be determined and the terms and conditions related to the partnership must be agreed upon.
Preparing legal documents: The legal documents necessary to establish the company must be prepared, such as the articles of association and the necessary contracts.
Obtaining an activity license: An official license must be obtained from the relevant authorities in Dubai to practice the chosen commercial activity.
Establishing the company with local authorities: You must submit an application to establish the company with the relevant government authorities in Dubai and pay the required fees.
Renting an office or premises for the company: An office or premises for the company must be rented and ensured to comply with local laws.
Employment of employees: If needed, the necessary employees can be hired to operate the company and carry out business activities.
Registering the company with the tax authorities: The company must be registered with the local tax authorities and comply with tax instructions.
Opening a bank account for the company: A bank account must be opened for the company to manage the financial transfers and financial operations of the company.
Best Company Formation Company in Dubai
If you are looking for the best company for company formation in Dubai, Etqan is one of the leading options in this field. Etqan was established with the aim of providing comprehensive solutions to investors and businessmen, and it has many advantages that make it the ideal choice for establishing your company in Dubai:
Specialized expertise: Etqan has a team of experts who have in-depth knowledge of local laws and regulations. This team helps investors navigate the complex procedures of company formation with ease and convenience.
Integrated services: Etqan offers a comprehensive range of services, starting from business consulting, through preparing legal documents, to obtaining the necessary licenses. This integration ensures that investors save time and effort.
Continuous Support: Itqan is committed to providing ongoing support to its clients even after the establishment of the company. This includes providing advice in areas such as taxation, business management, and strategy development.
Customized Solutions: Itqan understands that each client has unique needs, so it works to provide customized solutions that suit the nature of each client’s business. Whether you want to establish a company in a free zone or within Dubai, Itqan has the right solutions.
A proven track record of success: Itqan has an excellent reputation in the market, having successfully helped many startups establish themselves and achieve success in Dubai.
Facilitating Procedures: Itqan facilitates all legal and administrative procedures required to establish companies, making the process faster and smoother for investors.
Investment Guidance: Itqan also provides investment guidance services, helping clients choose the right business activities and ideal areas to invest in Dubai.
Saving Time and Effort: Thanks to its expertise and extensive network of partners, Itqan saves investors time and effort, allowing them to focus on the core aspects of their business.
Successful Project in Dubai
There are many successful projects that can be implemented in Dubai, due to its thriving business environment and diverse investment opportunities. Here are some ideas for successful projects:
Delivery Services Company: With the increasing demand for delivery services, you can set up a company that provides fast and efficient delivery services for food and products. You can expand your services to include home and office delivery.
Vocational Training Center: With a focus on education and professional development in Dubai, a vocational training center can be a great idea. You can offer courses in areas such as information technology, marketing, and business management.
E-store: Due to the increasing growth in e-commerce, you can set up an online store to sell specific products such as clothing, electronics, or handmade products. You can take advantage of platforms such as Shopify or WooCommerce to create your store.
Consulting Services: If you have experience in a specific field, you can start a consulting project. Whether it is in business, marketing, or finance, companies need professional consulting to improve their performance.
Specialty Café or Restaurant: You can open a café or restaurant that offers a unique experience, whether it is by offering healthy foods, traditional foods, or distinctive coffee. Make sure to provide a distinctive experience to attract customers.
Digital Marketing Services: With the increasing reliance on digital marketing, you can offer services such as social media management, search engine optimization, and content marketing.
Beauty and Personal Care Services: You can open a beauty salon or a health center that offers beauty and skin care services. Many women in Dubai focus on taking care of themselves, which makes this a viable project.
Smart Application: If you are proficient in programming, you can develop an application that offers a specific service, whether it is related to tourism, food, or health, as smart applications allow users to access services easily.
Sports or Health Center: You can create a sports center that offers services such as fitness, yoga, or recreation. Interest in health and wellness is increasing in Dubai, which makes this project profitable.
Tourism Services: You can start a project that offers customized tours or tourist transportation services. With the increasing number of tourists in Dubai, the chances of success in this field increase.
At the end of our article on the best company formation company in Dubai, we cannot ignore the prominent role played by Itqan Company in this field. Itqan is one of the leading companies in providing company formation services, as it has distinguished itself by providing comprehensive solutions that meet the needs of both local and international investors.
With its extensive experience and professional team, Itqan provides integrated services that include legal consultations, facilitating government procedures, providing technical support and assistance in choosing the most appropriate free zones or other available options. The company also contributes to providing accurate information about the market, which helps investors make informed decisions.
Itqan seeks to achieve a common vision with its clients, as it works to build long-term strategic partnerships by providing customized services that ensure the success of investment projects. Thanks to its commitment to quality and professionalism, Itqan has become the first choice for many entrepreneurs wishing to establish their companies in Dubai.
In a rapidly changing world, Itqan remains a pioneer in providing innovative solutions and continuous support to investors. Through innovation and dedication to work, Itqan contributes to enhancing the business environment in Dubai, which enhances its position as an ideal investment destination. Choosing Itqan means choosing success and excellence in the journey of establishing a company, allowing investors to focus on achieving their business goals with ease and convenience.
The most important frequently asked questions about the best company formation company in Dubai
What services does Itqan provide for establishing companies?
Itqan offers a wide range of services including business consulting, legal document preparation, licensing, investment guidance services, and ongoing post-incorporation support.
Does Itqan offer its services to foreigners?
Yes, Itqan offers its services to all investors, whether local or foreign, and helps them understand local laws and company formation requirements.
How can I start the process of establishing my company with Itqan?
The process can be started by contacting the Itqan team through their website or by visiting their offices. The team will guide you through all the necessary steps.
What are the costs associated with establishing a company with Itqan?
The costs vary based on the type of company, the type of license, and the location. Itqan provides accurate estimates of the establishment costs after discussing the client’s needs.
Does Itqan provide support in obtaining visa procedures?
Yes, Itqan assists clients in obtaining work and residency visas, making it easier for investors and their families to move to Dubai.
