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Establishing a company in Dubai South – advantages and costs

٣٠ مايو Establishing a company in Dubai South – advantages and costs

How to set up a company in Dubai South? Dubai South is one of the most prominent economic zones in the United Arab Emirates, representing an advanced model of urban and economic development. Setting up a company in Dubai South provides entrepreneurs and investors with tremendous opportunities thanks to its advanced infrastructure and strategic location close to Al Maktoum International Airport and Jebel Ali Port. The region offers a variety of advantages, including customs facilities, smooth company formation procedures, and effective government support. This attractive investment environment makes Dubai South an ideal destination for ambitious investors seeking to establish successful companies and achieve growth in global markets. We will review some details about setting up a company in Dubai South .

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Advantages of establishing a company in Dubai South

Establishing a company in Dubai South comes with a set of advantages that enhance the attractiveness of this area for investors and entrepreneurs. Here are the most prominent of these advantages:

  1. Strategic Location: Dubai South is located near Al Maktoum International Airport and Jebel Ali Port, facilitating access to global markets and enhancing international trade opportunities.
  2. Advanced infrastructure: The area has a modern infrastructure including highways, logistics facilities and commercial centers, which contribute to facilitating business operations.
  3. Customs Facilitation: Dubai South offers exceptional customs facilitation that helps speed up customs clearance procedures and reduce trade-related costs.
  4. Government Support: The local government provides necessary support to investors, including tax exemptions and investment incentives, making the business environment more attractive.
  5. Multiple business options: Dubai South offers a variety of options for establishing companies, including companies with full foreign ownership, giving investors greater freedom to make decisions.
  6. Dynamic business environment: The region is home to a diverse community of businesses and investors, which enhances opportunities for collaboration and business partnerships.
  7. Flexible incorporation procedures: Company incorporation in Dubai South is characterized by fast and flexible procedures, which helps investors start their businesses easily and smoothly.

These features combine economic and social benefits, making setting up a company in Dubai South an attractive option for ambitious investors.

Cost of setting up a company in Dubai South

The costs of establishing a company in Dubai South depend on several factors that affect the total amount required. Here are the most prominent of these factors:

  1. Company Type: Costs vary depending on the type of company you wish to establish (LLC, branch of a foreign company, or sole proprietorship), as each type may have different requirements.
  2. Company Registration Fee: This includes government fees for registering the company and obtaining the necessary licenses. These fees vary depending on the type of business activity.
  3. Office and Rental Fees: Businesses need a business office, and rental costs may vary depending on location and office size.
  4. Capital Required: Some types of businesses require a minimum amount of capital, which affects the overall cost.
  5. Government Licenses and Fees: Includes costs associated with obtaining the necessary business licenses, as well as any additional fees imposed by government agencies.
  6. Accounting and legal consulting services: You may need professional services such as accounting or legal consulting, which increases costs.
  7. Insurance: Companies must insure their business, and insurance costs vary depending on the type of business and the size of the company.
  8. Operating expenses: These include daily costs such as salaries, bills, and office supplies, which vary depending on the size of the business.
  9. Labor-related fees: These include fees related to work visas and hiring employees, which affect the overall cost. Understanding these factors will help you accurately estimate the total costs of setting up your business in Dubai South.

Documents required to establish a company in Dubai South

To establish a company in Dubai South , you need to submit a set of necessary papers and documents. Here is a list of the required papers:

  1. Registration Application Form: The company registration application form is filled out, which can be obtained from the competent authority.
  2. Copy of Passport: A clear copy of the passport of all founders and directors must be provided.
  3. Personal Photos : Provide recent personal photos of each founder or manager.
  4. Business Plan: A detailed business plan must be submitted that outlines the business and company objectives.
  5. Determine the trade name: Choose a trade name for the company and submit it for approval.
  6. Company Articles of Association: Prepare the Articles of Association, which specify the details of the partnership, the percentage of ownership, and the terms of the business.
  7. Approval from the competent authorities: In some cases, you may need to obtain approval from other government agencies, especially if the company’s activity requires a special license.
  8. Proof of address: Provide a document proving the address of the company’s office or headquarters, such as a lease.
  9. Power of Attorney: If an agent or advisor is handling the incorporation procedures, an official power of attorney must be provided.
  10. Proof of Capital: You may be required to provide documents proving that you have the capital required to establish the company.
  11. Additional Documents: Depending on the type of business, you may need to submit additional documents or special permits.

Make sure to check the requirements with Dubai South Authority or hire a legal consultancy firm to help you prepare the necessary documents and facilitate the incorporation process.

Steps to establish a company in Dubai South

Establishing a company in Dubai South requires following a set of systematic steps. Here are the basic steps to follow:

  1. Determine the business activity: Determine the type of activity you wish to undertake, as the nature of the activity will affect the licenses and legal requirements.
  2. Choosing a business name: Choose a business name that complies with local laws and reflects the company’s activity. Make sure the name is available before applying.
  3. Prepare a business plan: Write a business plan that includes details about the business, target market, and growth strategies. You may need this plan when applying for a license.
  4. Submitting the required documents: Collect the required documents such as passport, personal photos, business plan, and articles of association.
  5. Submitting the registration application: Submit the registration application to the competent authority in Dubai South, along with all the required documents.
  6. Obtaining approvals: Wait for approvals from the relevant authorities. Some businesses may require additional approvals.
  7. Signing the Articles of Association: After approval, sign the Articles of Association with all relevant partners.
  8. Open a bank account: Open a bank account in the company’s name to facilitate the management of funds and capital.
  9. Obtaining licenses: Complete the necessary procedures to obtain the commercial licenses required to practice the activity.
  10. Government Registration: Register your company with local government agencies to obtain the necessary licenses and tax registration.
  11. Office Security: Secure a business location for the company, either by renting or purchasing an office.
  12. Hiring: If your company needs employees, start hiring the necessary personnel.
  13. Starting operations: After completing all the procedures, you can start commercial operations.
    Make sure to review all the steps with the relevant authorities or seek the help of specialized consulting companies to facilitate the process and ensure compliance with local laws.

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Etqan Company Services for Company Establishment in Dubai South

Itqan Company provides a range of distinguished services to facilitate the process of establishing companies in Dubai South, which helps investors and entrepreneurs start their businesses smoothly. Here are the most prominent of these services:

  1. Legal Consultations: Itqan provides specialized legal consultations to ensure compliance with all local laws and regulations when establishing the company.
  2. Licensing Procedures: Helps in obtaining all the licenses and permits required to practice business in Dubai South.
  3. Document preparation: Itqan is responsible for preparing and arranging all documents required to establish the company, such as the articles of association and the registration application form.
  4. Trade Name Registration: Provides trade name registration services and ensures its availability according to local standards.
  5. Office Space: Itqan offers multiple office options, including office spaces and virtual offices, to meet the needs of startups.
  6. Opening bank accounts: Helps in opening bank accounts for companies in cooperation with local banks.
  7. Recruitment and Visas: Provides human resources recruitment services and facilitates obtaining work visas for the company’s employees.
  8. Logistics Support: Provides logistical support services, including administrative and financial services.
  9. Guidance in choosing a business: Helps clients choose the most appropriate business based on the market and available opportunities.
  10. Training and Workshops: Itqan offers training workshops for investors and entrepreneurs to enhance their skills and understanding of the local market.
    These services facilitate the process of establishing companies and ensuring their success in the UAE market, making Itqan an ideal partner for investors.

In conclusion, establishing a company in Dubai South is a strategic step towards achieving success and growth in an advanced business environment. The region offers many advantages, including advanced infrastructure, strategic location, and effective government support. Taking the right steps and relying on reliable partners such as Etqan can make it easier for investors to achieve their business goals effectively. With the constant drive towards innovation and expansion, Dubai South remains an attractive destination for investors from all over the world, making it the ideal choice to embark on new business ventures and realize ambitious visions.

Frequently Asked Questions About Company Formation in Dubai South

What are the basic steps to establish a company in Dubai South?

The basic steps include identifying the business activity, choosing a trade name, preparing a business plan, submitting the required applications, and obtaining the necessary licenses.

What documents are required to establish a company in Dubai South?

Required documents include passport, personal photos, business plan, trade name, and articles of association.

Are there any tax benefits when setting up a company in Dubai South?

Dubai South offers tax benefits such as corporate tax exemption for a certain period, making it easier for investors to make a profit.

Do companies need a physical office in Dubai South?

Yes, setting up a company in Dubai South requires a physical or virtual office to meet licensing requirements.