HIDDEN COSTS FOR A START UP IN THE UAE

Thanks to the straightforward process and foreign investor-friendly policies on new business setup in Dubai, more investors from different parts of the world are enticed to start their business in this premium business hub.

Whether you’re looking to set up company in Dubai to start a new business venture or looking to grow your international business, there are plenty of opportunities you can explore in Dubai and the UAE. As you start planning for your business, be sure to check resources that will provide insight into how much it will cost to establish your business. Consider looking at the following:

Business setup cost

Setting up a business can be expensive. Hence, it is essential that you gather as much information as you can to prepare the budget and determine which expenses you must prioritize. Business setup in Dubai cost usually includes Dh 34,340 for onshore business, Dh 15,000 for a general trading license, Dh 10,000 to the Dubai Municipality, license amendment, visa processing, and more.

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If planning to set up company in Dubai , it is crucial to understand that establishing a business on the mainland is not the same as starting in free zones. While there are similarities in the process of setting up your businesses, please note the key differences in establishing a business on the mainland. Ownership In free zones, foreign investors are allowed 100% ownership. If you’re looking to start business in Dubai mainland, you will have complete control over your business, but having a local sponsor is required. Authority Businesses in the mainland are monitored by the Department of Economic Development or DED while those in free zones are regulated by independent governmental bodies or non-governmental free zone entities or authorities. Location While companies in the free zone are only allowed to operate in areas within the free zone or overseas, companies in the mainland can do business anywhere in the country and around the world. Read More here

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