Dubai is one of the most popular cities in the world to establish business, for very good reasons. The low taxes, the high quality of life and the world -class infrastructure are just some of the reasons why many entrepreneurs choose Dubai as the launch to climb and succeed. So what is the capture? Can you really increase the final result here, or does it have a hidden cost?
How much money is required to start a business in Dubai?
As a stadium figure, starting a business in Dubai generally varies from 12,000 aed to AED 50000+, depending on a wide range of factors. The key components that will require a capital investment in advance are:
- Commercial license rates: licenses are a legal requirement, but the cost varies according to commercial activity, the legal structure and if it is a free zone or a continental business. There are six types of licenses, which the most common are commercial, professional and industrial licenses. Licenses tend to vary from 8,000 AED to 15,000 AED
- Visa and immigration costs: Any person who operates a business in Dubai, regardless of whether it is in a free zone or in the continent, must ensure that they (and any employee or dependent) have the right to live in the country. The costs vary from 3,000 aed to more than 7,000 AED. This covers the visa application, the identification of Emirates, the medical test and a change of state if necessary.
- Office or rental of work space: continental companies generally require a physical office to register a business, but the free zone sacrifices the flexible test, joint work and even virtual spaces to keep costs low. The costs vary from more than 4,000 aed to more than 50,000 per year, depending on space.
- Initial approvals and government fees: there are other administrative costs for consultant in addition to licenses, as reservations of commercial name, notaring documents and other legal fees. Costs may vary from 1,000 aed to more than 5,000 AED depending on the requirements.
Factors that influence the total cost
In general, the launch of a business in Dubai, particularly those that launch new companies in free areas, have much lower starting costs than those associated with other important cities around the world. However, it is important to take into account a wide range of factors, since the costs associated with the thesis vary greatly. We have summarized some key considerations below, but for a more precise understanding of how much it will cost to launch its unique business in the EAU, we are recruiting contact with a good reputation commercial configuration consultancy, which is a possibility. Help assure you.
Configuration of the continental zone in front of the free zone
It usually speaks, free zone settings tend to be more profitable than continental companies. This is because customers can benefit from packages that include key configuration costs, such as commercial licenses, visas and work spaces. Free zones also allow 100% of foreign property, 0% income tax and a fast and easy configuration process. Continental companies require larger capital investments in front of the forehead due to requirements such as mandatory office space, additional government rates and other approvals. However, it is worth remembering that continental companies can operate anywhere in the EAU and with the local market, while free areas will need a local distributor to do so.
Type of license
All companies need a license to legally operate in the EAU, but licenses vary in price. Professional licenses, generally required for professionals who offer consulting or independence services, tend to be the most affordable, since there are fewer requirements for approval. Commercial licenses, used by those who participate in commercial activities, are a little more expectations, although they can incur additional rates for multiple specialized activities or services. Industrial licenses tend to be the most exenous, since there are more regulatory requirements.
Required number or visas
Obviously, the more visas you need, the more expensive the configuration costs are. Each visa adds government processing rates and also requires medical tests, emiralate identification costs and more. If you plan to hire several employees, this will significantly increase your starting costs.
Virtual vs office physical office or flexible desktop
If you are looking to reduce costs, this is a good place to save. Many free areas sacrifice flexible desks and virtual office options that significantly reduce costs. However, this is just an option if it does not plan to open a continental business, which requires a lease of the physical office to operate legal.
Low -cost business configuration options in Dubai
So where can smart businessmen save money at the beginning of their trip? Next, we have highlighted several affordable solutions and budget configuration routes designed to help smaller companies. To obtain expert information in cheaper and affordable options, do not hesitate to contact our expert advisory team in Set Hub, which will be happy to help.
Free Zone Configuration
Free areas sacrifice some of the most affordable and flexible configuration options for new companies, since there is a minimum overload. Entrepreneurs can also benefit from rapid configuration (sometimes within a few days), total gain and capital repacation, and 100% foreign property. It is an ideal option for those who work in electronic commerce, consulting, design, marketing and technology companies, but do not discount just because they are working in industries such as construction or logistics, since there are free free zones designed to help optimize processes and impulse line.
Zero or virtual office space options
Many free areas allow companies to register without renting a physical office space. On the other hand, business owners can choose a profitable flexible desk or a virtual office package, with shared facilities and access to meetings rooms necessary, instead of permanent. This is a particularly good option for those who work online or in services based on services.
Owner licenses
These are a profitable and simple commercial configuration option that allows a person to own and operate a business in continental and free areas. It means that business owners can benefit from lower configuration costs, without requirements for multiple shareholders and few visas. It is also easy to climb later.
Why work with Set Hub?
Set had done. Business settings in Dubai More affordable when combining transparency, experience and commitment to customer success. We have served more than 25,000 clients in the last decade and we have become a name of confidence in the Eau Commercial Panorama. With our clear approach and zero hidden-tardes, it can benefit from personalized and profitable solutions that coincide with its commercial objectives.
Our team or about 80 professionals also speak more than 23 languages, which allows us to support customers of several origins worldwide. From choosing the correct license to handle visas, banking and compliance, establish HUB simplifies each step of the process, helping entrepreneurs to focus on growth.
If you are looking for a reliable and affordable way to start your business in Dubai, contact today to find out how we can help.
