Are you considering establishing your business in Dubai, but unsure about the costs involved?

Dubai Mainland Company Formation Cost

Setting up a company in Dubai Mainland includes Initial approval fee, name approval fee, Tasheel fee, notarization of MOA fee, yearly license fee.

DED Initial Approval

To start a firm, the Department of Economic Development (DED) issues preliminary approvals. For a small fee, businesses can start operating for up to six months, which gives them time to finish other necessary paperwork. It is an upfront expense related to the setup process.

Obtaining trade name approval

In simple terms, the trade name is the name you will use to run your business. It is possible that depending on the name you select, the price will change in some cases. Fees associated with trade names include those for reservations, commercial names, international company names, and so forth. It might go farther depending on your instructions. Another one-time expense is the approval of a trade name.

Leasing Space for a Business

Setting up a mainland business in Dubai requires renting an office. By confirming the legitimacy of office leasing fees, which may be paid annually or on a term basis, enables authorities to conduct inspections, oversee activities, and guarantee compliance with immigration requirements.

Visa fees

Dubai welcomes international people to open business establishments here. For them to live and do business, they require a residency permit.

Memorandum of Association (MoA) Attestation

Partners or stockholders of an LLC are involved in attesting the Memorandum of Association (MoA). Even though attestation is a one-time expense, the price could change depending on the share capital.

The cost of setting up a business in Dubai Mainland is AED 15,000, however there are several advantages such as fully automated processes, access to over 1,000 activities, no need for a local UAE sponsor, a free Dubai P.O. Box number, and free meeting room use for five hours per month in a premium Dubai Office location

Free Zone Company Formation Cost

When estimating the cost of setting up a business in Dubai, it is essential to comprehend the challenges involved in starting a firm in the free zones of the city. These free zones present unique financial challenges for business owners to be aware of in addition to offering a tax-free and investor-friendly environment. Consider some points before starting a company in a free zone in Dubai.

Establishing a business in one of the UAE’s several free zones might come with a variety of expenses. Certain components, such as the type of office space, license fees, registration fees, share capital requirements, and bank guarantees, may differ depending on the specific free zone chosen for your business, even though other aspects, like local sponsorship, rental costs, and visa fees, may be similar.

Company Registration Fee

The first registration fee for a free zone firm is a one-time payment given to the free zone authority. The amount charged varies depending on the type of organization, such as a branch office or Free Zone Entity (FZE).

License Fee

This is an annual charge that businesses operating in a free zone jurisdiction must pay. It includes businesses engaged in trade, services, and industry. Usually, the free zone authority streamlines the licensing procedure.

Rental Cost

One of the first costs in Dubai free zones is the rental of office space. You become the sole owner of the company’s debts and assets. Leases of one year, three years, or more are available as rental alternatives; prices vary depending on the location and type of leasing.

Additional Cost

Additional expenditures to consider can include notarization fees, insurance premiums, name approval fees, shipping and typing fees, medical checks, police clearances, and Emirates ID card fees, depending on the free zone you have selected. Depending on the rules and specifications of the particular free zone, these costs may change.

It will cost AED 12,500 to set up a business in the Dubai Free Zone, but there are many advantages such as 100% ownership, free coworking space in Dubai, free access to meeting rooms, free business address, flexible desk lease agreement, prestigious Dubai address with PO Box & mail management, free bank account opening assistance with a reputable UAE bank, and a dedicated account manager for the duration of your license.