1. Selecting the Business Activity
We advise you on choosing the right jurisdiction as per your specified business activities, depending on your feasibility and monetary conditions.
2. Choosing the Company Structure
According to the business activity, we help you in deciding whether you need to invest in LLC formation, having 51% local sponsorship, or LSA, giving you 100% shareholding.
3. Deciding the Trade Name
Once the structure of the business is in place, our experts aid you in securing the company name, as per the availability, and registering it.
4. Approval of the Initial License
After the registration of the trade name, we provide thorough support for completing the process of license application.
5. Issuing of License
Depending on your business activity, your license is issued by Emirate’s Department of Economic Development (DED).
6. Opening of Company’s Bank Account
Our expansive network of banking experts further provide assistance to the companies in setting up their corporate bank accounts.
7. Processing of Important Documents
From Establishment Cards and Visa to Labor files, companies can also rely on us for assistance in documentation queries.
1. Initial approval or instant licence from DED
Approximately: AED 110
To open a business here, you can start by getting an instant licence from the Department of Economic Development (DED). It allows you to start business operations right away, with 120 days to complete all your other documentation.
2. Trade name approval
One-time cost
Approximately: AED 700 – 900 (AED 2,000 – 3,000 for non-Arabic names)
You’ll need to get approval for the name you have chosen for your company. The cost might change slightly based on the name. There are several fees to be paid for this, including reservation fees, commercial name fees, foreign company name fees, etc.
3. Office rent
Yearly/Termly cost
It is mandatory to have an office space to set up your business. This is simply to ensure that it’s a legitimate business since it allows the authorities to do inspections, monitor operations and verify that immigration laws are followed.
4. Memorandum of Association (MOA) Attestation
One-time cost
Approximately: AED 400
This is done between the partners of the company. The attestation fee can be different depending on the share capital.
5. Drafting the contract and Court Agreement Attestation
One-time cost
Approximately: AED 1,000 – 2,000 for CAA + AED 300 for typing
The contract of an LLC is drafted with the mutual consent of the partners. The contract needs to be drafted in both Arabic and English, so there might be an additional cost for the translation. All partners or their attorneys will need to go to sign the Court Agreement Attestation at the court.
6. Ministry of Economy fee
One-time cost
Approximately: AED 3,000
You will be charged a fee to register your company.
7. Trade licence
One-time cost plus renewal fees
Approximately: AED 15,000 + AED 3,000 renewal (For general trading licence)
Depending on the type of your business, the trade licence fee can vary. You might also be asked to show proof of a security deposit.
8. Commercial Licence fee (Tejari)
Yearly cost
Approximately: AED 700
This fee needs to be paid annually to be able to conduct commercial activities.
9. Chamber of Commerce fee
Yearly cost
Approximately: AED 1,200
The cost for a general trading company will differ from an industrial or manufacturing company.
10. Commercial services improvement fee
Yearly cost
Approximately: AED 400
This fee goes towards the improvement works that governmental departments do.
11. Administrative services fee and public waste municipality fee
One-time cost
Approximately: AED 50 + AED 1,000 for waste
12. Market fees
Yearly/Termly cost
Approximately: AED 1,250+ (Can vary a lot)
This is a percentage paid to the government on the total amount of rent. An office or shop pays 5% while a warehouse pays 20%.
Not only do we provide strategic consulting to set up your company, but we also assist in the time-consuming documentation process, ensuring low-cost yet professional corporate services in Dubai. In this way, you can rest assured that your company’s foundations are in safe hands. So, please reach out to us and have a word to initiate the formation of your Mainland Company.
