Setting up a company in Dubai is a great opportunity for any entrepreneur to strengthen his/her business foothold in world’s most renowned and prospering business hub. Dubai not only makes an excellent location to sow seeds of your business, but also one of the most cost-effective destinations in the word. The metropolis of Dubai offers a range of special business formation structures divide into specialized legal structures and jurisdictions. Low to zero taxation, lucrative company formation laws, top-class infrastructure and promising facilities are the benchmarks of Dubai’s business setup landscape that attracts thousands of investors each year.
Factors Involved in Company Setup
The cost of setting up a business varies on a number of crucial factors, from business activity, legal form, business vehicle, location, and office space. Combined, these factors determine the capital that must be invested to erect a business establishment in Dubai. The process starts with submitting a business plan, securing approvals, documentation, trade license and registration and finally office space set up.
Cost of Setting Up a Business in Dubai
For instance, if a business owner decides to set up a company in a Free Zone such as Ajman AFZ, the cost would be around AED 18,000 to AED 20,000. On the other hand, a prime location in Dubai Multi Commodities Center DMCC would range between AED 58,000 to AED 60,000. A mainland limited liability company cost in Dubai will range between AED 40,000 to AED 60,000 depending on the services and add-ons purchased from the business setup agency. For offshore company formation, there are 3 main jurisdictions, Ajman, Ras Al Khaimah, and Jebel Ali and cost ranges between AED 7,000 to AED 20,000.
Setting Up with A Business Consultancy Agency
The costs are subject to different consultancy agencies which have their own price list and setup solutions. For investors new to the region, we recommend partnering with a reliable and trustworthy business consultancy agency to get a good idea of the UAE’s economic landscape, legal procedures, and societal norms. It also helps the investor set up the company in faster timelines without the hassle of self-preparation of documents and submitting them to the various legislative department of Dubai.