How much money do I need to register a company in Dubai?
Costs incurred for registering a firm
Cost of company registration in Dubai is between AED 25,000 and AED 29,000 for a Civil Company with virtual office and trade license for one year. AURION will ensure low cost company setup in Dubai for the investors.
How much does it cost to set up an LLC in Dubai? The cost of registering your limited liability company in Dubai ranges from AED 20,000 to 30,000. However, the fees vary depending on the industry type and services. The investor visa cost is between AED 4,000 to AED 5,500.
To register a limited liability company in Dubai, the cost can range from AED 20,000 to AED 30,000. It's important to note that these fees can vary based on the specific industry type and services you plan to offer.
However, the Dubai Department of Economic Development (DED) has set a minimum capital requirement of AED 300,000 (approximately $82,000) for most businesses. This amount must be deposited in a bank and a certificate of deposit must be provided to the DED as proof of investment.
Although the government of each emirate will be the final authority to set the limitation of foreign ownership on the nature of the business. In Dubai alone, the amended law will enable the investors to own 100% ownership for 1061 out of 2300 economic activities enlisted by the Department of Economic Development (DED).
Dubai actively welcomes investors and business owners from overseas. The emirate is home to many company formation experts and setup agents, created to help guide foreign entrepreneurs through the license, visa, and business incorporation processes.
International Free Zone Authority (IFZA)
The cheapest Free Zone in Dubai is IFZA (International Free Zone Authority). IFZA offers a low-cost company license in Dubai without visas at a cost of AED 12,900. This is the cheap and best Dubai free zone license offer in 2023.
You can apply in person at the Department of Economic Development in the emirate where you plan to establish business. Additionally, digital platforms are available to obtain a commercial license and establish a company online where applying with the necessary documents will lead to a license within minutes.
Despite the high initial setup costs, Dubai is still considered one of the most affordable places to start a business. The cost of setting up a company in a Free Zone can start at a mere AED 4000. A Trading, Service, or Industrial licence costs from AED 10,000 to AED 50,000 per year.
Can I register a company in Dubai without living there?
Foreign Ownership of Businesses in Dubai
Dubai actively encourages foreign investment, allowing non-residents to initiate and own businesses. Foreign entrepreneurs can retain 100% ownership of their business in Dubai and the UAE while benefiting from a low corporate tax and the absence of personal income tax.
Dubai is an excellent place to start a business due to its strategic location, business-friendly environment, world-class infrastructure, tax benefits, diverse market opportunities, government support, and strong networking community.
You can choose to open a business in Dubai either in the Dubai mainland, or in one of the Free Zones. In both cases you can have a 100% foreign owned business - but in the mainland areas, you'll not be able to have a majority share in your business if it's in a strategically important field.
As a general guideline, businesses may need to allocate anywhere from 50,000 to 300,000 AED or more. For instance, let's take the example of a Service-based Company, where the Minimum investment to start a business in Dubai could be specified at AED 18,500.
Some of the most profitable new business ideas in Dubai: Real Estate Development. Tourism and Hospitality. E-commerce and Online Marketplaces.
Food Truck or Catering Business:
Dubai's diverse population and thriving tourism industry make it an ideal location for a food-related business. With 50,000 AED, you can start a food truck or catering business. Conduct market research to identify popular cuisines or unique food concepts that are in demand.
There is currently no income tax, inheritance tax, withholding tax or anything similar. A corporate tax of 9% was introduced for companies in June 2023. However, small to medium-sized Freezone companies can qualify for 100% tax exemption.
Foreigners and expats can legally establish businesses in the UAE, as mainland companies, free zone enterprises, and offshore companies. Different types of business licenses are offered in Dubai, such as commercial, industrial, and professional licenses, each catering to specific business activities.
Business in Dubai can be one of the most profitable experiences for you as a foreign investor. After all, the UAE market is one of the most welcoming business-hub for entrepreneurs with new business ideas in Dubai - UAE.
Dubai and the UAE are incredibly welcoming and supportive business environments. In fact, over 20,000 new businesses launched in Dubai last year alone. Not surprisingly, many of these were registered by overseas entrepreneurs. Somewhere between 80% and 90% of the UAE workforce are foreign nationals.
Which is the most profitable business in UAE?
- IT Solutions – Most Successful business opportunity in Dubai.
- Manufacturing Business.
- E-commerce Business.
- Logistics Business.
- Digital Printing.
- Digital Marketing – Profitable Business ideas in Dubai.
- Tourism Services.
- Consultancy service.
DED Licence for home-based businesses
The DED provide licences which are suitable for businesses that can be run from home, such as consultancy, tutoring, or small-scale manufacturing. Options include the e-trader licence or the instant licence, both are issued by the Dubai Economic Department.
- Restaurant or Café In 2022, full-service restaurant sales in UAE experienced a 24% increase to reach AED 32.5 billion. ...
- Fitness and Wellness. ...
- Real Estate Agency. ...
- Recruitment Agency. ...
- Travel & Tourism Agency.
LLC and Private Joint Stock Companies
Onshore companies incorporated in Dubai such as limited liability companies and private joint stock companies, with non-UAE or GCC shareholders can buy property in the Designated Areas in Dubai.
Limited Liability Company (LLC): An LLC in Dubai typically requires a minimum share capital of AED 300,000. However, this amount may vary depending on the business activity and jurisdiction. Free Zone Company: Free zones in Dubai often do not have strict minimum capital requirements.
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