How much does it cost to set up a company in Dubai?

The business capital of the Middle East is often referred to as Dubai. It is not surprising that investors from all over the world are drawn to establishing a company in Dubai given its advantageous location, first-rate infrastructure, and welcoming business environment. The cost of business setup in Dubai, however, is one of the most crucial factors to take into account when starting a business. In this article, we'll look at the price of starting a business in Dubai and the various factors that affect it.

                                                                                     


Legal Structures for Business Setup in Dubai

One of the first things to consider when setting up a business in Dubai is the legal structure. There are three main legal structures for a business in Dubai – mainland, free zone, and offshore. The cost of setting up a company in Dubai varies depending on the legal structure.

1. Mainland Companies

A mainland company is a company that is registered with the Department of Economic Development (DED) and allows the business to operate anywhere in Dubai. The cost of setting up a mainland company in Dubai can range from AED 20,000 to AED 50,000, depending on the type of business activity, the location, and the size of the company. Additionally, there are ongoing costs such as trade license renewal fees, visa fees, and other government charges.

2. Free Zone Companies

Free zones are designated areas in Dubai where businesses can operate with 100% ownership and without the need for a local sponsor. The cost of setting up a company in a free zone can range from AED 10,000 to AED 35,000, depending on the type of business activity and the size of the company. However, businesses operating in a free zone are limited to operating within that free zone only.

3. Offshore Companies

An offshore company is a legal entity registered in a tax haven jurisdiction that allows the business to operate outside the country of registration. The cost of setting up an offshore company in Dubai can range from AED 10,000 to AED 15,000, depending on the size of the company and the type of business activity.

Additional Costs for Business Setup in Dubai

Apart from the cost of registering the company, there are other costs associated with business setup in Dubai . These include:

1. Visa Costs

Visa costs are a significant expense for companies in Dubai. The visa cost for an employee can range from AED 5,000 to AED 7,000 per person, depending on the type of visa.

2. Office Space

The cost of office space in Dubai varies depending on the location and size of the office. The cost of renting office space can range from AED 50,000 to AED 150,000 per year.

3. Legal Fees

Legal fees for company registration and document processing can range from AED 5,000 to AED 10,000.

Read Also This - How To Open Car Workshop In Dubai

Conclusion

The cost of setting up a company in Dubai depends on various factors, such as legal structure, location, and business activity. It is essential to consider all these factors before embarking on a business setup in Dubai. Seek the assistance of a professional legal service provider like Legal Raasta to ensure that you comply with all the legal requirements and minimize the associated costs. With the right guidance and support, setting up a company in Dubai can be a smooth and hassle-free process. Legal Raasta is a leading legal service provider in India and offers comprehensive services for business setup in Dubai. They can assist you in navigating the legal requirements and ensuring that you set up your business in Dubai with ease.

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