New Business Setup in Dubai, UAE: Expert Company Formation Services

You can register a company in the UAE with a very limited starting capital. This goes to say that people with varying levels of budget can start their own company in the UAE. This is because there are various factors that go into starting a business here.

And each of these factors will differ from one company to the next. As a result, the actual cost to register a company in the UAE will differ from business to business.

Here are the three main areas where your cost will differ when you want to register a company in the UAE:

a). License Fee

First and foremost, depending on the business activities you want to perform, you need to obtain a business trade license for your company. This is because the license ensures that you can perform your business activities legally in the UAE. However, there are different types of business trade licenses in different economic zones in the country.

Additionally, the cost of these licenses differs as well. This is why the cost of obtaining the business trade license will depend on the economic jurisdiction and the business activities of your company.

b). Office Cost

All businesses in the UAE need to obtain office space for their operations before they can register their company in the country. This is because it is a mandatory step from the government of the UAE.

However, there are various options when it comes to obtaining office space in the UAE. Besides the different types of office space in the UAE, you will also need to decide whether you want to rent or lease office space.

c). Starting Capital

Last but not the least, after the successful registration of your company in the UAE, you need to start performing your business activities. However, as different businesses perform different activities, the starting capital requirement to kick off your business operations will differ from other businesses.

Dubai warmly welcomes foreign entrepreneurs, and it is indeed possible for them to start a business in Dubai. With a local population consisting of over 80% expatriates, many of whom are business owners themselves, Dubai actively encourages and embraces international investors and entrepreneurs.

The cost of company registration in a Dubai free zone usually falls within the range of AED 15,000 to AED 25,000. On the other hand, establishing a mainland corporation typically involves a cost of AED 20,000 or higher.

Residency in the UAE is not a mandatory requirement for setting up a company in Dubai. The provisions vary depending on the type of company form and the corresponding license. Generally, at least one person within the company is required to have UAE residency and an Emirates ID in order to establish a corporate account for the company.

Here are the available types of company structures to set up a business in Dubai:

1. Sole Proprietorships
2. Partnerships
3. Corporations
4. Limited Liability Company (LLC)
5. Free Zone Company
6. Holding Company

Dubai is the best place for you to start your business. The economy of Dubai is growing exponentially. So, you can expect stable growth for your business. The is no corporate or personal tax. Dubai also has a world-class infrastructure and transportation.

Indian nationals are eligible to conduct business in Dubai, where a significant number of prosperous businesspeople hail from India. In recent years, an increasing number of entrepreneurs from India have been exploring the option to register their companies in the UAE.

Setting up a business in Dubai is beneficial for an entrepreneur in many ways. Here are the main advantages of setting up a business in Dubai: 

• Huge tax benefit
• Easy and quick setup process
• Advanced infrastructure and business-friendly environment
• Can Retain 100% ownership if set up in the free zone
• No local sponsor is required if set up in the free zone
• Availability of skilled workforce
• 100% exemption from import and export duties.
• 100% repatriation of capital and profits.
• No limitations or restrictions regarding minimum starting capital.
• No limitations when recruiting.
• No requirement for annual audits.
• Visa sponsorship opportunities based on office size.
• Available and flexible office spaces

Besides these, there are countless benefits of starting your business in one of the free zones in Dubai. Different free zones provide different benefits and cater to the needs of different businesses, so do your own research before selecting an economic zone for your business.

Free zone businesses have the freedom to engage in trade with other companies within their own free zone as well as internationally. However, it is important to note that direct trading with customers located in Dubai and the UAE mainland is not permitted for free zone companies.

For a Civil Company in Dubai, the cost of company registration typically ranges from AED 17,000 to AED 25,000, inclusive of a virtual office and a one-year trade license.

When establishing a company in the free trade zone of the UAE, the requirement for a local sponsor is eliminated, granting free zone companies 100% ownership of their businesses. However, it is important to note that opting for a free zone setup restricts trading and conducting business activities solely within the designated free zones. Consequently, direct engagement with customers in the UAE mainland may not be possible.

Non-residents can open bank accounts in Dubai. However, most of the banks in Dubai allow non-residents to open a saving account, not a current account. Non-residents also cannot receive a checkbook. They are issued debit cards that can be used to withdraw money.