Establishing an offshore company in Dubai is a strategic step that attracts many global investors, due to the unique economic and customs advantages that the emirate offers. Dubai, with its ideal geographical location and well-developed infrastructure, is a global hub for trade and investment, making it a preferred destination for establishing offshore companies. Establishing an offshore company in Dubai has many benefits, such as tax exemptions, asset protection, and flexibility in management and ownership. However, in this article we will learn about the cost of establishing an offshore company in Dubai.

Therefore, the basic costs of establishing an offshore company in Dubai include registration fees, licensing costs, and office rental. The initial registration fees can be relatively high, but it is considered a sustainable investment due to the many advantages that the business environment in Dubai offers. In addition, costs may include the use of legal and consulting services to ensure full compliance with local and international laws.

Also here comes the role of Itqan Company, which is considered one of the most prominent companies in the field of consulting and establishing a company in Dubai . Itqan Company offers a comprehensive range of services that facilitate the process of establishing their offshore companies for investors with ease and efficiency. Through its extensive experience in the local and international market, Itqan provides specialized legal and financial advice, assists in preparing the necessary documents, and coordinates the required government procedures. The company also provides flexible solutions for renting offices and providing the necessary infrastructure, enabling clients to focus on developing their business without worrying about complex administrative procedures.

Finally, establishing an offshore company in Dubai is an attractive investment thanks to its multiple economic and business advantages. With the comprehensive support provided by Itqan, investors can make the most of these opportunities, and ensure establishing their business in a legal and smooth manner.

Establishing an offshore company in Dubai requires knowledge of the costs associated with many basic factors such as registration fees, licenses, and administrative and legal services. These costs vary based on the size and type of business as well as the services required. Below is an overview of the main elements of costs:

1. Registration fees: In addition, company registration fees vary based on the chosen free zone, and these fees include registering the company name and registering it with the competent authorities.
2. Licenses: Commercial license fees also depend on the type of commercial activity that will be practiced and cover a specific period of time.
3. Virtual Office: The costs of renting a virtual office or postal address are also essential elements, as they provide the company with a legal address in Dubai without the need for a physical office.
4. Legal consulting and services: These costs then include hiring lawyers and legal consultants to prepare and submit legal documents, in addition to ensuring compliance with local and international laws.
5. Annual management fees: These fees therefore include maintaining administrative records, managing the company, and renewing licenses, and they are paid annually to maintain the legal status of the company.
6. Opening a bank account: Then opening a bank account for the company requires some procedures and costs, as this account facilitates the company’s daily financial operations.

Itqan services contribute to facilitating the process of establishing a company in Dubai , enabling investors to focus on developing their business and achieving their business goals efficiently and effectively.

Establishing an offshore company in Dubai

The difference between an offshore company and other companies

This table provides a comprehensive overview of the basic differences between offshore companies and local companies in Dubai, helping investors make the appropriate decision based on their business needs and objectives.

Advantages of establishing a company in Dubai

Establishing a company in Dubai offers many advantages that make it an attractive destination for investors and entrepreneurs from all over the world. Here are the most prominent advantages:

1. Tax exemptions: First and foremost, Dubai provides a favorable tax environment with complete exemption from personal income tax and corporate taxes in many free zones, which enhances profits and reduces financial burdens on companies.
2. Strategic location: Dubai is located in a distinct geographical location linking the East and the West, which facilitates access to major global markets in Europe, Asia, and Africa.
3. Advanced infrastructure: Therefore, Dubai has a modern and advanced infrastructure that includes international airports, advanced ports, and an integrated road network, which facilitates logistical and commercial operations.
4. Political and economic stability: Dubai also enjoys a stable political and economic environment, which provides security and sustainability for commercial projects.
5. Free Zone: The presence of multiple free zones in Dubai, such as Jebel Ali, Dubai Internet City, and Dubai Media City, provide additional benefits such as full foreign ownership, tax exemptions, and easy transfer of profits.
6. Ease of establishing a business: In addition, the process of establishing companies in Dubai is considered easy and fast compared to many other countries, thanks to simplified procedures and government facilities.

Thanks to these advantages and services, establishing a company in Dubai becomes a smart strategic move for investors looking for growth and expansion opportunities in a prosperous and stable business environment.

Steps to establish a company in Dubai

Establishing a company in Dubai requires following specific steps to ensure full compliance with local laws and procedures. Here are the basic steps to establish a company in Dubai:

1. Choose the type of company: Then select the type of company you want to establish, whether it is a local company, a free zone company, or an offshore company. Each type differs in terms, procedures and benefits.
2. Choosing a business activity: Also determine the business activity that the company will undertake. Make sure the activity complies with local laws and that you obtain the necessary approvals if required.
3. Determine the company name: Also choose a business name that is in line with the rules and regulations of the Dubai Department of Economic Development. The name must not contain prohibited or unconventional words.
4. Obtaining initial approvals: Therefore, submit a request to obtain initial approvals from the Department of Economic Development in Dubai or from the competent authority in the free zone.
5. Preparing and submitting documents: Also preparing all required legal documents such as the articles of incorporation, the company’s articles of association, and application forms. Documentation may include copies of passports of partners and directors.
6. Submitting a registration application: Then submit the registration application to the Department of Economic Development or the competent authority in the free zone, attached with all required documents and registration fees.

Using these services, investors can set up a company in Dubai quickly and efficiently, enabling them to focus on developing their business and achieving their business goals in a prosperous and stable business environment.

Establishing a company in Dubai

Documents required to establish a company in Dubai

To establish a company in Dubai, it is necessary to submit a set of papers and documentation to the relevant government agencies. Here is a list of basic documents generally required to establish a company in Dubai:

1. A copy of the passport of the founders/shareholders: A copy of the passports of all founders or shareholders of the company must also be submitted.
2. Memorandum of Association: Thus, a document containing information about the name, type and activity of the company, details of shareholders and their shares, and the address of the company’s main headquarters.
3. Articles of Association: Then a document that defines the company’s internal procedures, such as the distribution of profits, company management, and the rights and duties of shareholders.
4. Financial report or business plan: Some companies may also be asked to submit a financial report or business plan that explains the proposed business activity and financial expectations.
5. Application Form: This includes information about the company, such as its name, type, activity, shareholders’ details, and other necessary information.
6. Certificate of Incorporation: This then proves the company’s official registration with the competent authorities in Dubai.

Also remember that the required documents may vary based on the type of company and its activity, and the relevant government agencies may request additional documents if necessary. It is always best to check the current requirements with Itqan before starting the company establishment process.

How can we help you establish an offshore company in Dubai?

Itqan Company is one of the companies specialized in providing legal and advisory services to investors who wish to establish offshore companies in Dubai. Here is how Itqan can help you in this regard:

1. Legal consultations: Itqan Company can also provide specialized legal consultations on the process of establishing an offshore company in Dubai. Advice will be provided on the necessary procedures, required documents, and legal requirements of the offshore company.
2. Preparing documents and procedures: Therefore, the Itqan team will prepare and coordinate all legal documents and procedures necessary to establish the offshore company in Dubai, such as articles of incorporation, articles of association, application forms, etc.
3. Coordination with local authorities: Itqan Company will also coordinate all administrative procedures with local authorities in Dubai, including submitting applications, necessary documents, and official correspondence.
4. Continuing advisory support: Itqan will then provide ongoing advisory support to you during the offshore company establishment process, including the necessary post-incorporation procedures such as managing legal, tax and financial affairs.
5. Follow up on compliance with laws and legislation: The Itqan team will also ensure that the offshore company adheres to all local laws and legislation in Dubai, and will provide the necessary support to comply with legal and tax controls.

In short, Itqan Company can provide integrated and comprehensive services that help you in all aspects of the process of establishing an offshore company in Dubai, which facilitates the process for you and ensures full compliance with local laws and regulations.

Offshore company in Dubai

In conclusion, it can be said that establishing an offshore company in Dubai represents a golden opportunity for investors who seek to benefit from a flexible and advanced business environment, in addition to enjoying reduced tax and customs benefits. Although the initial cost of establishing these companies may seem high, the returns and benefits they achieve in the long term make them a worthwhile investment. Dubai is one of the world\’s leading destinations for establishing offshore companies due to its dynamic economy and advanced infrastructure, along with flexible business laws that make it easier for investors to start and develop their businesses.

In this context, the role of Itqan Company comes as a major supporter and indispensable assistant in the journey of establishing offshore companies. Through its comprehensive services and extensive experience in the field of consulting and company establishment, Itqan helps investors overcome bureaucratic and regulatory challenges with ease. The company provides specialized legal and financial advice, prepares the necessary documents, and coordinates all governmental procedures required to establish the company, which saves investors time and effort and ensures full compliance with local and international laws.

Ultimately, making the decision to establish an offshore company in Dubai is a smart strategic move, and with the specialized support of Itqan , this step can be turned into a successful investment that will greatly benefit investors in the long term.

Frequently asked questions about the cost of establishing an offshore company in Dubai