Setting up a foreign law firm in Dubai

How to Set up a Foreign Law Firm in Dubai: Process, Cost, and Timeline

Process:

1. Obtain necessary licenses and approvals
2. Register the company
3. Rent office space
4. Hire employees
5. Open a bank account

Cost:

The cost of setting up a foreign law firm in Dubai can vary depending on various factors, such as the size of the firm, the number of partners, and the services provided. However, the following are the basic costs:

1. Professional license fee: AED 10,000 (approximately $2,700)
2. Trade license fee: AED 3,000 (approximately $820)
3. Establishment card fee: AED 2,000 (approximately $550)
4. Rent for office space: This cost can vary depending on the location and size of the office.
5. Employee salaries and benefits: The cost of salaries and benefits will depend on the number and qualifications of employees.

Timeline:

The timeline for setting up a foreign law firm in Dubai can vary depending on various factors, such as the speed of the approval process by the relevant authorities, the time it takes to rent office space, and the time it takes to hire employees. However, the following is a general timeline:

1. Obtaining necessary licenses and approvals: 4-6 weeks
2. Registering the company: 1-2 weeks
3. Renting office space: 2-4 weeks
4. Hiring employees: 4-6 weeks
5. Opening a bank account: 1-2 weeks