Setting up a business is a great task that needs to be undertaken at the right time and right place. Dubai is one of the promising places where the person can easily start their business right away. Many people are showing their interest in opening the business in Dubai for many reasons. Dubai has one of the fastest-growing economies that is bringing up so many opportunities to the people. If you want to get your company formation in Dubai, then the person needs to follow some of the set procedures. This will take a lot of planning and processing of different things.
First of all, before the setup of the company, the person must know that there are many free zones provided to enhance the business setup here. The person needs to choose the free zone area where the business can be set up and the most advantage can be grabbed. Even setting up a company in different free zones have different company cost. The person needs to consider these things and make the right move for company formation.
There are four major fees incurred by the person to set up business operations in Dubai. Let’s have a look at them.
- Company registration fees: This is a one-time payment that the business needs to do at the very early stage of company registration in Dubai. The exact fees will only be determined when the person chooses the company’s legal structure and also the free zone. The authorities don’t charge something exceptional. So the cost might be around AED 9,000 to AED 10,000 which is quite fair enough as an investment to start a business.
- License fee: For setting up your business in Dubai’s free zones, there is a requirement of the person to also get the business license. There are three types of licenses available in the Dubai market i.e. industrial, trading, and services sectors. According to the type of business, the person can easily choose the type of business license. All the processing fees will be incurred accordingly. Mostly the cost will be around AED 10,000 to AED 50,000 per year.
- Office fees: Fr setting up the business, the person also needs to rent an office space where all the working of the business can be undertaken. There are a variety of desk spaces provided by the free zones for business. The person can smartly choose the type of space according to the requirement. This can again cost the person around AED 15,000 to AED 20,000. If the person wants to open the office in posh places like Jumeirah lakes towers, it can be a little more expensive than usual. According to the requirement the space, the office place can be rented.
- Share capital: The minimum share capital to start the business in the free zone is around AED1,000 that can be extended to the maximum limit of AED 1,000,000. All of this will depend upon the type of business activities that are being undertaken.
On average, it can be stated that around AED 50,000 is required to set up a business in Dubai free zone. But if the person wants to go for the option of DMCC, the rates are comparatively high. DMCC is working seamlessly to set up a company that is easy and quite fast for the business to set up. Once the investment is done here, the business can be taken up to the international level. All the fees that the person needs to incur are kept clear. All the formalities related to LLC company formation in Dubai are also mentioned clearly.
