How Much Does it Costs to Set Up a Business in Dubai

Dubai has always been a desired Country for many to set up their Business. This country has offered many great opportunities to talented businessmen and investors to come in and add some profit margin in their economy. You must be wondering how to settle and how much does it cost to set up a business in Dubai? Well, BrightVision is here to guide you with all the necessary things and requirements you must know to settle a smooth business in Dubai in various freezones, Mainland and others. Read further to gather all the information about the cost and steps to set up a business in the UAE. 

Set Up a Business In Dubai 

Setting up a business in Dubai is a very great opportunity to earn a better living. This country offers you so many opportunities in various ventures; you can set up your factory, or work as a service provider in areas like beauty and fashion. Your work will be paid the best amount here. 

There are many ways through which you can easily set up your business and come to your desired country. There are few points that you must know to setting up a smooth business: 

• Firstly decide your business idea, conceptualize your business idea and domain. 
• Then, decide your business structure, choose the area you want to work in like for a free zone company, LLC onshore or offshore company.
• Legalise your business set up, like getting approval for your business idea, partners and investors. 
• Setting up a business will need a name too, get a trade name for your business. 
• After registering your trade name, apply for a trade license. A trade license will legalise your business set up and will make it easy for you to set up your business in Dubai. 
• After completing all the necessary steps mentioned above, the last step is to apply for a work visa for Dubai. 

Since we talked about trade license above that is issued by The Department of Economic development (DED), you must know about the types of license that differ according to the business ideas: 

• Commercial License: As the name suggests, commercial license is for the business related to the commercial activities like import, export, trade, general stores, tourism and real estates. 
• Industry License: This type of license is issued to those who want to set up manufacturing units in Dubai. From manufacturing textiles to metals and papers. 
• Professional License: This type of license is issued to those businesses that provide services like designs, arts, beauty and makeup, etc. 

Business Setup in UAE Free Zone 

Free Zones are the most beneficial areas to start your business in Dubai. Free zones are the economical areas that give various benefits like tax free and custom duty relaxation to foreign investors. BrightVision is one such company that sets up your business in these free zones and guides you with all the financial consultancies for the same. With the idea of setting up your business in the free zone areas, you will be offered 100% ownership for the business, high end infrastructure and tax relaxation. 

Some of the major documents required:

{If you are an individual shareholder} 

• Application form 
• A valid passport (which has at least 6 months of validity)
• Passport size photos 
• Valid visa
• Emirates ID 

{If you are a corporate shareholder} 

• Company trade license. 
• Memorandum of association 
• Appointment of the signed business resolution. 
• Certificate of incumbency and UBO list. 
• Passport, Visa and Emirates ID of the company’s manager. 

Cost for Business Setup in Dubai, UAE 

After knowing all the necessary steps one must know to set up their business in UAE, let us now guide you with the costs and fees requirements for different business domains. Some of the major steps and its costs are: 

• Register Your Company:

To start any business, the first step that is required is the registration of one’s company. After you are done with all the documentation work, the cost to register your full fledged company in Dubai is between AED 9,000 to AED 10,000. The fee may vary according to the legal structure and the area chosen. 

• Cost Of License 

Getting a legal license for your business is very important and its cost may vary according to the types of license discussed above. Once you have chosen the free zone area, granting of license is accessed to you. Fees for the license is the recurring cost and it ranges between AED 10,000 to AED 50,000 per year. 

• Cost For Setting up Your Office 

If you don’t want to set up a big company, rather want to buy an office space, BrightVison will provide you consultancy for the same. Free zone areas are there to provide you rental space to set up your office. The cost for setting up the office in the UAE is around AED 15,000 to AED 20,000.  

Required Steps	Cost
Company Registration	Range between AED 9,000 to AED 10,000
License Cost	Range between AED 10,000 to AED 50,000 per year
Office Set Up Cost	Range between AED 15,000 to AED 20,000

Various Factors Affecting the Cost of Business Set up in Dubai 

1. Type of license:  The foremost factor that affects the cost for business set up in Dubai is the type of license you want for your business. Licensing fees may vary depending on the trade license, commercial license or if it is a professional license. Each type has its own fees requirement. 
2. Location:  Another factor that may affect the cost for business set up in Dubai Free Zone is the location chosen. Cost may vary in free zones and the mainland. The most appropriate location to work on is the free zones areas because it offers relaxation in the custom duties and tax free work. 
3. Size of Office: Once you have chosen the area for work, choosing the perfect amount of office space that aligns with your business set up is important. Cost may get varied depending on the amount of space you want for your office. 
4. Visa Fees: For setting up any business in UAE, you must have a valid visa for the same, the cost for the visa fees may be varied depending on the amount of employees and their nationality. 
5. Legal: In order to ensure your business is legally settled, some consultancies may ask you fees for all the legal work required to make your business setup smooth.

Ease Your Business Setup in Dubai,UAE With BrightVision 

Getting any doubt related to major steps involved in setting up your business in the UAE? Feel it easy by talking with our trained consultants. With our 14 years of experience, we have accomplished settling over 500 companies in the UAE. We at BrightVision ease your business setup with affordable Dubai company setup packages. We ensure to provide you the perfect guidance and settle in the best free zones that will make your business set up affordable and make you earn a wealthy lifestyle. 

You can freely contact BrightVision at +971 50 463 1640 or directly email them to info@consultbrightvision.com.