The cost of establishing a company in Dubai for Yemenis represents a vital part of achieving entrepreneurial dreams in this country thriving with opportunities. Dubai, with its strategic location and open economic environment, represents an ideal destination for those seeking investment and work. When starting to establish a company in Dubai, the cost must be taken into consideration, as it is affected by multiple factors, including the type of company and its location, in addition to government fees and consulting services.

The cost of establishing a company in Dubai for Yemenis varies depending on the type of company to be established. It may include government fees for registration and licenses, and the costs of consulting services to assist in the establishment and management processes. Experts point out that the costs of starting a company also depend on the size of the planned business, the economic sector in which the company is located, and the additional services it may need.

It is worth noting that the cost of establishing the company is not considered the end, but rather subsequent costs such as annual fees and local taxes must be considered. By taking into account these factors and extensive research, Yemenis can determine the comprehensive cost of establishing their company in Dubai and begin the journey of success and prosperity in this dynamic market.

The cost of establishing a company in Dubai for Yemenis

The cost of establishing a company in Dubai for Yemenis

The cost of establishing a company in Dubai for Yemenis is affected by several factors, including the type of company, the size of capital, additional services required, and government fees required. Here is a general estimate of the costs that may be involved in establishing a company in Dubai for Yemenis:

1. License fees: They consist of application submission fees and issuance fees imposed by the relevant government entity, and vary according to the type of company and its activity.
2. Registration fees: This includes the fees for registering the company in the local commercial registry, and it varies according to the type of company.
3. Costs of legal advisors and accountants: If you require legal or accounting advice during the incorporation process, you may incur additional costs for these services.
4. Required capital: Some types of companies require a minimum capital, and the cost of establishing the company depends on the amount of capital that is determined.
5. Business address costs: If you do not have your own business address, you may need to rent a business address to the company, and the costs of this change based on location and size.
6. Additional service costs: such as the costs of issuing visas to foreign employees, and the costs of other administrative services that the company may need.
7. Additional government fees: such as visa fees and environmental permit fees. These fees vary based on the company’s activity and location.

The main steps for establishing a company in Dubai for Yemenis

Here are the main steps for establishing a company in Dubai for Yemenis :

1. Determining the type of company: Before starting the establishment process, Yemeni investors must determine the type of company they wish to establish, whether it is a sole proprietorship, a joint stock company, a limited liability company, or a company in the free zone.
2. Choosing a name and ensuring its availability: You must choose a suitable name for the company and ensure that it is available and not similar to the names of other companies. The name must be in line with the laws of the emirate and include the required elements.
3. Determine the business activity: Determine the business activity that the company intends to engage in, and ensure that it is compatible with local regulations and laws.
4. Define responsibilities and administrative structure: Define responsibilities for shareholders and managers and determine the administrative structure of the company.
5. Prepare the required documents: Prepare the documents required to register the company, such as a copy of the passport for shareholders and directors, the lease contract for the company’s headquarters, and the registration application form.
6. Submitting an application for registration: Submit the application and documents required to register the company to the competent authority, whether it is the Department of Economic Development (DED) or the chosen free zone authority.
7. Obtaining licenses and permits: After accepting the application, obtain the necessary licenses and permits to start the business, such as a business license and rental license.
8. Open a bank account: Open a bank account for the company to manage financial operations and money transfers.
9. Company registration for taxes: Register the company for taxes, including value-added tax (VAT) if the company qualifies.
10. Starting to work: After completing all procedures and licenses, you can start conducting business activity for the company.

Types of companies that exist in Dubai

In Dubai, there are several types of companies that can be established, and these types vary based on the company structure, shareholder responsibilities, taxes and licenses required. Among these types are:

1. Sole proprietorship: A company owned and managed by one individual, and the owner is responsible for debts and losses personally.
2. Personal company: A company owned and managed by a group of people, and the responsibility for debts and losses is personal to the shareholders.
3. Limited joint stock company: A company in which ownership is divided into shares, and the shareholders’ liability is limited to the value of their shares.
4. Unlimited joint-stock company: A company that allows shareholders to participate in management and bear unlimited liability for debts and losses.
5. Company limited by guarantee: A company in which the shareholders are liable to pay a specified amount (the guarantee) in the event of the company being liquidated.
6. Public Joint Stock Company: A company owned and managed by shareholders, and whose shares are tradable in the financial market.
7. National Company: A company established in accordance with the laws of the Emirates and managed entirely by Emirati shareholders.
8. Company in a free zone: A company located in a free zone that is exempt from some taxes and commercial restrictions.

The most important documents for establishing a company in Dubai

To establish a company in Dubai for Yemenis , the type of documents required depends on the type of company and the chosen business activity. However, here is a general list of the most important documents you may need:

• Yemeni Passport: Must be current and valid for all Yemeni shareholders and directors.
• Personal photographs: Passport size photographs of both shareholders and directors.
• Copy of residence visa or entry stamp: If you have a residence visa in Dubai, you must submit a copy of it.
• Memorandum of Understanding and Articles of Association: includes a detailed description of business activities, distribution of shares, rights and obligations of shareholders.
• Business plan: A business plan must be prepared that explains the company’s goals and plans for growth and development.
• Proof of business address: Proof of the address of the company’s headquarters in Dubai, such as a lease contract or proof of ownership, must be provided.
• Authorized person certificate: If you appoint a person to act on behalf of the company, you may need an authorized person certificate.
• Necessary licenses: Depends on the type of business activity. You may need professional licenses or activity-specific licenses.
• Initial approval from the competent authorities: Some activities may require initial approval from local authorities.
• Work Permits and Licenses: To hire workers, you will need the appropriate work permits and licenses.

Establishing a company in Dubai

Permits you may need to establish a company in Dubai

Your company in Dubai needs a set of permits and licenses depending on the type of business activity and the location where you intend to establish the company (free zone or local). Here are some common permits you may need:

1. Business License (Commercial License): Every business activity in Dubai needs a license from the Department of Economic Development (DED), and this includes specifying the type of activity and the services or goods that the company will provide.
2. Office or Headquarters License: The company must obtain a license for its office or headquarter from the local authorities.
3. Building license (if required): If constructing a new building or modifying an existing building as a company headquarters, you may need a building license from Dubai Municipality.
4. Professional License: If the company provides professional services such as medicine, engineering, accounting, and legal consulting, a professional license may be required.
5. Municipality Approval: In some cases, the municipality may require a special permit for a specific activity, such as restaurants or pharmacies.
6. Health License: If the company works in the fields of health care or food and beverages, it may need a health license from the relevant authorities.
7. Environment License: In some business activities it may be necessary to obtain an environmental license to comply with environmental standards.
8. Advertising Permit: If you intend to carry out advertising campaigns for the company, you may need an advertising permit from the relevant authorities.

Advantages of establishing a company in Dubai for Yemenis

Establishing a company in Dubai for Yemenis can have many advantages, including:

• Dynamic business environment: Dubai is characterized by a dynamic and evolving business environment, which provides great opportunities for startups and medium-sized companies.
• An important financial and commercial center: Dubai is considered a major financial and commercial center in the region, which attracts investments and provides growth opportunities for companies.
• Advanced infrastructure: Dubai has a developed infrastructure that includes international airports, sea ports, and advanced transportation networks, which facilitates trade and distribution.
• Easy access to regional and global markets: Dubai’s strategic location is a bridge to reach regional and global markets, providing companies with opportunities for expansion and growth.
• Business-friendly environment: Dubai provides a business-friendly environment characterized by flexible laws and simple procedures for establishing and managing companies.
• Advanced financial center: Dubai’s advanced banking and financial system provides banking and financing services that support corporate growth.
• Free zones and specialized commercial zones: There are free zones and specialized commercial zones in Dubai that provide benefits such as tax exemptions and commercial facilities for companies.
• Diversity of economic sectors: Dubai’s economy is characterized by its diversity, as there are opportunities to establish companies in various sectors such as trade, real estate, tourism, technology, and financial services.

Dubai is characterized by a distinguished investment environment that makes it a preferred destination for investors from all over the world, including Yemeni investors seeking to establish their companies in this leading emirate. Although establishing a company in Dubai is considered a strategic and promising step, it involves costs that vary depending on the type of company, the nature of its business, and the services required.

The cost of establishing a company in Dubai for Yemenis includes several main factors. Costs start with the company’s trade name reservation fee, which varies depending on the type of company and the region in which you wish to invest. The costs also include fees for the articles of incorporation and other legal documents required to register the company.

Next comes the cost of obtaining the necessary government permits and licenses, which also varies based on the company’s activity and requirements. The cost of renting an office in Dubai, whether inside or outside a free zone, cannot be ignored, as companies must provide a physical office as part of the conditions necessary to obtain a license.

Of course, the costs of consulting lawyers, legal and financial advisors who assist in the company incorporation process and ensure full compliance with local laws and regulations should also be considered.

Although these costs may seem high at first, they are worth the investment given the great opportunities and fruitful investment environment that Dubai offers. With good planning and proper advice, Yemeni investors can build successful and prosperous businesses in this global economic capital.

The most frequently asked questions about establishing a company in Dubai