All investors from all around the world have the opportunity of starting a business in the UAE. In this country, they can find what they need to establish a company properly. However, it is essential to be aware of the free zone company setup cost before getting started. Therefore, obtaining information is the first step to set up a business here.
In this article, you’ll find the information you need regarding setting up a company in Dubai and the UAE. Here we will include the cost of establishing a company and also other details you might find interesting. Keep in mind that some details may vary depending on several aspects of your business. Let’s observe:
- Why should you choose a Dubai free zone?
- A brief overview of some popular Dubai free zones.
- Prices and fees in some locations in Dubai.
- How to complete the company registration process?
- Tips you can follow when forming your company in Dubai.
- What is a business license in Dubai?
- How much does the business license cost?
- How can Connectfz help you set up your company in Dubai?
1. Why should you choose a Dubai free zone?
All free zones in the UAE are known for being beneficial locations in which investors can establish their businesses. The most outstanding reason why these areas are so popular is for offering the necessary benefits to their clients. These are advantages that they can use to boost their companies and make them grow.
Besides, the free zone company setup cost is usually affordable for all investors. In other words, you can establish your company without spending too much money or resources. Also, the process is simple and quick, and even more if you count on a business setup partner. Having a partner can help you get through all processes efficiently.
However, you must know that each free zone is different. Therefore, some benefits can vary depending on the free zone you are in. Besides, some support services can also vary according to the type of business you want to set up. This is why it’s important to gather information before selecting the most suitable free zone for your company.
1.1. Benefits of the UAE free zones.
At the moment you start building your company in a UAE free zone, you can receive the best benefits. These benefits will not influence the free zone company setup cost. Although some free zones offer different or additional benefits, here we will show the most common ones. Let’s take a look at them:
- 100% foreign ownership of your company.
- Full exemption from import and export taxation.
- 100% repatriation of profits and capital.
- Full exemption from corporate and personal income taxation for up to 50 years.
- Tax holidays are usually guaranteed for 15 or 50 years.
- Access to a large pool of talented workers to hire.
- Business-friendly regulations and laws.
- World-class logistic facilities, such as infrastructure and warehousing services.
Before you select your free zone, make sure to examine the all benefits. As previously mentioned, some free zone benefits can vary depending on the location. Select the one that fits your business requirements better.
Here you can learn how opening a free zone company in the UAE can be your best choice.
2. A brief overview of some popular Dubai free zones.
If you are searching for free zones in Dubai, here you can find the most popular ones. Let’s take a look at some of them and their basic information.
2.1. Dubai Airport Free Zone.
This free zone is among the best growing economic zones in the country. It offers the necessary resources to its clients to help them reach their goals and keep growing. DAFZA is full of opportunities for investors like you, and more than 1600 companies established there can confirm it. Here you can find different packages and support services to fulfill your business requirements.
2.2. International Free Zone Authority.
It offers competitive packages, resources, and services. Its reputation and quality in the service allowed IFZA to be home to many local and international firms. And as it grows, it benefits its clients. This free zone works with around 400 local and international company formation specialists, which helps investors a lot.
2.3. Dubai Multi Commodities Centre.
More than 15000 companies are established in this popular free zone. There’s a variety of trade types, such as gold, diamond, and other trading activities related to precious metals. Moreover, DMCC has won the title of Global Free Zone of the Year three times. If you choose this location, you’ll have different available packages and benefits.
2.4. Dubai Silicone Oasis Authority.
Another good location to set up your business is this free zone. Since its foundation in 2004, DSOA has been promoting technological innovation with its high-tech ecosystems. Nowadays, this location offers a business-friendly development environment for all investors. Many attractive packages and incentives can make you choose this free zone to establish your business.
Here you can learn about the free zones you can find available in Sharjah, RAK, and Ajman.
3. Prices and fees in some locations in Dubai.
As we mentioned before, each free zone can offer different additional benefits and packages. In Dubai, the free zone company setup cost will depend on several aspects. For instance, it’ll depend on the package you choose, the license, the facilities, the number of visas, etc. Here you can see a list of prices in some Dubai free zones:
- In free zones such as DMCC and DAFZA, the cost of setting up a company starts from AED 50,000 approximately. In JAFZA (Jebel Ali Free Zone) it is the same.
- As for DSOA, the company setup cost starts from AED 70,000 approximately in this free zone.
- On the other hand, you can find cheaper free zones like Dubai South Free Zone. In this location, the business setup cost starts from AED 32,000 approximately.
- If you’re looking for a low cost business setup in Dubai, you can try Dubai Media City Free Zone. Here the cost starts from around AED 7,250.
Remember that the cost of setting up a business in Dubai can vary. Therefore, the best thing you can do is take a look at each free zone and evaluate all prices.
Here you can learn how to complete the company registration process in Dubai successfully.
4. How to complete the company registration process?
There are some main steps that you must follow to complete the registration process. Here we will show you how the process is done. Besides, we can also provide you with some recommendations and tips. Let’s see:
- You must define the type of business you want and the activities you want to perform. Defining your business activities is essential to apply for the license later.
- Choose a proper name for your company. Remember to follow the rules regarding this affair. Otherwise, your company’s name will not obtain the required approval.
- Prepare the necessary documents to apply for your business license and receive it. After this step is done, you will be able to open a corporate bank account.
- Apply for the visas you need. Right after you complete all of these steps, you can now start operating your business.
5. Tips you can follow when forming your company in Dubai.
At the moment you start building your business, you might find some difficulties to accomplish your goal. For instance, if you need to save time during the setup process, some procedures could take you longer than expected. Therefore, we will give you some tips to make the process easier and faster:
- Find a business setup partner who can take care of some procedures. This way, you will be able to speed up the setup process.
- Analyze every detail of the free zones. Besides taking into consideration the free zone company setup cost, you need to consider other aspects. For instance, some of these could be the allowed business activities, terms and conditions, among others.
- When you choose a name for your company, avoid religious and sensitive content. If you want to name it after a person’s name, it must be the owner’s name. Not to mention that it is recommendable to use the full name instead of initials.
- If you are a foreign investor, you must make sure and confirm your visa eligibility. Keep in mind that some elements could influence the number of required visas.
Here you can learn some useful tips to form a free zone company and avoid traps during the process.
6. What is a business license in Dubai?
An important document that you will need to run your business is the Dubai free zone license. A business license allows companies of all sizes to operate in the free zone and enjoy its benefits. Depending on the nature of your business, you will need at least one license. You can choose among the many types of available licenses.
In Dubai free zones, you can find many business licenses to apply for. For instance:
- Commercial license.
- Trading license.
- Industrial license.
- Professional license.
Choose the one that fits your business better and then apply for it. There are more specific licenses that you can find. For instance, if you want to open a restaurant in Dubai, you have to apply for a restaurant license. Another example could be the software development license, which is necessary to run a software development company. Some businesses may require different licenses. Therefore, it’s important to consider them as part of the free zone company setup cost.
Here you can find some information about the restaurant license in Dubai and how to obtain it.
7. How much does the business license cost?
The cost will vary depending on the size of the company and other details. For instance, if it is for a small company, it could cost from AED 8,000 to AED 10,000 approximately. However, it is important to highlight the fact that some elements can influence the cost of the license. Three main elements can influence it, which are:
- The nature of the business.
- The rented office in the location.
- The number of company partners.
Additional approvals can also make a difference in the business license cost. Remember that you can also choose between different packages related to the free zone company setup cost. They include the license, though their prices can be different depending on the free zone you are in.
Here you can find the information you need about the trade license in Dubai and the process to obtain it.
8. How can Connectfz help you set up your company in Dubai?
Gathering relevant information is important to complete all processes easily and quickly. If you contact Connectfz, you will receive the information you need and also professional guidance. We can help you to go through the required process efficiently and without wasting too much time. Besides, there are also plenty of services that you can request.
Let us know about your desired business and we will help you select a suitable location. Moreover, we can help you find the right customers and enter the market to ensure your company’s success. Our methods and experience can guarantee a high-quality service in every service that we offer to our clients.
If you have set up your company in a free zone already, we can still help you make improvements. For instance, we can improve your HR department’s operations with some of our services, such as HR consultancy services. Another related service that you might find useful could be our payroll services. Feel free to contact us to learn more about our available services.
Would you like to contact Connectfz to know more about the company setup cost and registration in Dubai free zones? If you have any questions, call us on +97143316688. You can email us at firstname.lastname@example.org, and you will talk to one of our representatives who will answer your questions.