Dubai is one of the hubs of new business setups. The UAE government introduces various majors to set up business in Dubai. The government continues to lower the expenses cost of business setup in Dubai to provide lucrative business and investment alternatives. They also ensure that no additional payment or money is being demanded to start your business in the United Arab Emirates. Registering the company in Dubai involves filling out a business license. This process charges a nominal fee for initial registration. After that, you need to pay an annual fee depending upon the type of the business. Below is the outline of the cost of business setup in Dubai 2022.
Cost of Business Setup in Dubai.
All kinds of businesses and partnerships in the UAE must have a valid license for operating freely in the Emirates. They are classified into three categories:
- Professional License
- Commercial license
- Industrial License
We are providing a table that contains all the information on the cost of Business Setup in Dubai 2022.
| INITIAL COSTS INVOLVED | |||
| Particulars | Professional License (AED) | Commercial License (AED) | Industrial License (AED) |
| Initial Approval | 135 | 135 | 135 |
| Final Submission Fee | 116 | 116 | 116 |
| License Fees | Approx. 10000 | Approx. 15000 | Approx. 15000 |
| Court Fees | Approx. 2000 (Sole)Approx. 3200 (Civil) | Approx. 2000 | Approx. 2000 |
| Tasheel Fee for Initial Approval | 116 | 116 | 116 |
| Trade Name Reservation | 620 | 620 | 620 |
| Ministry of Economy Fees | N/A | N/A | 15000 |
| Total (AED) | 12,987 | 17,987 | 32,987 |
| ADDITIONAL COSTS INVOLVED | |||
| Particulars | Professional License (AED) | Commercial License (AED) | Industrial License (AED) |
| Additional partners | 1000 for each additional partner | 1000 for each additional partner | 1000 for each additional partner |
| Market Fees | 2.5% of office annual rent | 2.5% of yearly rent office | 2.5% of yearly rent office |
| Office Rent | As per the client’s budget | As per the client’s budget | As per the client’s budget |
| Foreign Trade Name | 2000 | 2000 | 2000 |
Various Costs Of Setting Up Business In Dubai
1. Registration fees
The final cost of the business depends upon visa application, commercial activities, and shareholders. So there is a nominal registration fee that allows the company to run in the state. But any additional enhancement will cause any extra amount.
2. Cost of office space
To conduct a business, you must have a specific area and address. Choosing the right location for the company is also an important step required for the growth of the company. All the official documents and notices will be transferred to the specified location. Its cost ranges from AED 15000 to AED 20000
3. License payment
License is an essential thing required for running a business. Any license is approved when the company fulfills all the rules and regulations of business. These licenses need to be renewed every year.
Dubai government provides different types of licenses for different types of businesses.
• Industrial License
• Commercial license
• Professional license
4. Visa payments
Dubai allows clients from all around the world to set up their businesses. These clients require a residential visa for residing and running the business. The business owners can even hire people for the company from different countries; for working, they also require a visa.
5. Ranking notes payment
These include the payment of general trading license, Dubai municipality, ministry of economy and Dubai chamber of commerce, etc.
Cost of Free Zone Business Setup in Dubai
The costs of setting up a free zone business in Dubai depend on several factors. The first of these is the license fee. This varies to different free zone but is typically AED 2,500 – AED 50,000.
The amount also depends on the type and quantity of business you want to operate. In the first year, you must pay an annual fee, which will vary depending on the type and amount of work you want. Other costs include taxes and additional government fees. There are many benefits to doing business in the UAE, including a 100% customs tax exemption, zero currency restrictions, and the freedom to repatriate profits. This makes it the most cost-effective method of setting up a business in the UAE.
Cost of Instant License in Dubai,
The UAE government also provides the option of an instant license. These are for those who want to experience the current market scenario with specific market fees of AED 3000. This will not include the rent of the office for the first year of setup, thus resulting in a total of AED 15000 to 20000.
Why Clever Crop Consultancy Service?
Our services give you a customized solution focused on your particular business and market, and we design strategies that enable our clients to achieve continuous growth and scale sustainably. To discuss more in detail your business plan, reach us today to have a suitable solution for your business dreams. We at Clever corp hold vast experience and our expert advisors are round the clock at your service to understand your idea better and get them into reality. Contact us at +971586412031 or +97145804048 to discuss with our experts at info@theclevercorp.com.
