License cost

Business Registration Cost in UAE

Business Registration Cost in UAE in 2024-25

Starting a business in the UAE in 2024-25 is exciting and full of opportunities. Knowing the Business Registration Cost in UAE is important for planning. These costs can vary depending on where you set up your business and its type. Whether you choose a free zone or mainland setup, you must consider fees for trade licenses, visas, and other administrative expenses. Understanding these costs will help you start your new business smoothly.  In this blog, Shuraa Business Setup will explain business registration costs in the UAE. We will break down the expenses of setting up a business and highlight the benefits. Read on to cover everything you need to know about starting your business in the UAE.  Basics of the Dubai Company Registration  Setting up a company in Dubai gives you access to a business-friendly environment known for its easy operations, tax advantages, and global market reach. Dubai’s luxurious location connects major trade routes. It also offers easy access to markets in the East and West.   Its diverse workforce boosts innovation and business growth. With strong laws and a stable economy, Dubai provides a safe foundation for business prosperity.  Benefits of Dubai Company Registration  Before you get to know the Business Registration Cost in UAE, it’s important to know the benefits of Dubai Company registration. Below are the different benefits which will help you to know more things about Dubai.   Dubai offers zero personal and corporate income tax. It allows companies to maximise their profits. The Dubai Freezone also offers exemptions from import and export duties.  Dubai is located between Asia, Europe, and Africa, which Definitely helps entrepreneurs to set up more business in Dubai. The UAE world-class infrastructure is the greatest reason why most of the entrepreneurs want to register their business in Dubai.    Registering a company in Dubai is not a hectic task, Dubai has an easy registration process. The Government also helps and boosts the new business setup to grow more in this business Hub.   The Free zones in Dubai allow 100% foreign ownership, eliminating the need for a local partner. Companies in the Freezone are 100% entitled to the profits of the business.   Dubai attracts a set of skilled people to start their business in the UAE from around the world. The Favorable labor laws support the hiring and retention of employees.  Dubai also offers a high standard of living with modern amenities, healthcare, and education. The city is also known for its low crime rates and their high level of safety for the people.   Three types of Business Setups  There are three types of business setups in Dubai. Each zone has its own set of laws and advantages. Before knowing the Business Registration Cost in the UAE, it’s essential to understand the jurisdiction.  The cost of registering your business also depends on the type of business zone you are choosing. Following are the three types of business setups:  Free Zone   Mainland   Offshore  Free Zone   Businesses registering under a free zone get many benefits. These include tax exemptions and exemptions from many mainland regulations. Entrepreneurs choose free zones as they allow many businesses to operate from designated areas. They also provide 100% foreign ownership.   Free zones are helpful for international companies that target specific industries. Dubai plays a major role in international businesses. It provides regulatory benefits and specialised infrastructures, especially for various industries in the UAE.   Mainland  Companies that select the mainland for their business setup can freely trade throughout the country. They can even lease or own their priority in the mainland area. For entrepreneurs who are looking to directly engage with the UAE market, the mainland is the best option. Companies can also bid for government contracts. This opens a wide range of business opportunities for entrepreneurs.   Offshore  If you operate your business offshore, you have many attractive options for prioritising international trade and securing your assets. You don’t need to follow any local corporate taxes and regulations. These companies are best for operations outside the UAE.   Components of business registration cost in UAE  Business registration costs in the UAE involve many components. The expenses include office rent, the firm’s commercial activities, the necessary license type, and other pertinent factors.  Business Registration Cost  The first component of business registration costs in the UAE is registering your business. The cost depends on the number of shareholders in a business. Starting a business in the UAE usually ranges from AED 12,500 to AED 28,500 (2,635 USD to 7,759 USD). However, the cost of a business startup in Dubai can vary depending on your business’s nature.   Trade Name   The second component of business registration costs in the UAE is getting a trade name. Once you have finalised a trade name, you have to register it. It is important to choose a name that is right for your business and will indicate its nature.   If you need help choosing a trading name, consult our Shuraa Business Setup experts. They will help you choose the right name for your business.   Types of Business License   In this component, you must apply through the DED to get a business license on the mainland. In free zones, you should apply through their respective authorities. Once you have your business license, you must secure external approvals from other governmental bodies.  There are 4 types of Business Licenses:   Industrial License   Commercial License  Professional License  Tourism License Office for Rent   In this case, you must choose a rented office space where your office will be set up and the cost of the rented office. The cost of the rental depends on the location, which is important for your business’s success. Contact our Shuraa Advisors to understand the benefits and regulations of different business zones and the exact cost of renting an office in the UAE.   Important Documents for Starting a Business in Dubai  The documents needed to start a business in Dubai include:  Passport photographs  Passport copies of all legal participants  Completed application form  Memorandum of Association (MoA) and Local
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Cost of a Trade License in Dubai

What is the Cost of a Trade License in Dubai?

If you’re thinking about starting a business in Dubai, one of the first things you’ll need to consider is obtaining a trade license. A trade license in Dubai is a legal document that allows a business to operate in a specific industry or location. It is a crucial requirement for all businesses in Dubai, ensuring that they are operating within the law and contributing to the local economy.  Trade license acts like a government-issued ID, specifying the activities your company is authorized to conduct. Without it, you simply can’t operate legally. Now, the question on every entrepreneur’s mind is: how much does a trade license cost in Dubai? The answer, like Dubai itself, is dynamic. While there are base fees involved, the overall cost can vary depending on your specific business activities and chosen legal structure. Therefore, we are here to explore everything you need to know about a Trade license in Dubai, how to obtain one, and all the costs involved, so you can make informed decision for your entrepreneurial journey. What is a Trade License in Dubai? A trade license in Dubai is basically a permit issued by the Dubai government that allows you to legally conduct business activities within the city. It’s like an official stamp of approval saying you meet all the regulations and requirements to operate a business there. Why is it necessary for businesses? It gives your business legal sanction to operate. Without a license, your business would be considered illegal and you could face fines or even closure. A trade license also signifies that you’ve gone through the proper channels and met government standards. This can help build trust with potential customers, partners, and investors. Types of Trade Licenses Available in Dubai There are different types of trade licenses available in Dubai, each catering to a specific kind of business activity. Here are the main license types: 1. Commercial License This is the most common type of license, issued to businesses involved in buying and selling goods, commodities, or services. This can include trading companies, retail stores, import-export businesses, and restaurants. Read More: Commercial License in Dubai 2. Industrial License This license is required for businesses that are involved in manufacturing or industrial activities. This includes things like factories, workshops, and assembly plants. Read More: Industrial License in Dubai 3. Professional License This license is for businesses and professionals providing services that depend on their academic qualifications and technical skills. This could include architects, engineers, lawyers, consultants or any other businesses offering professional services. Read More: Professional License in Dubai 4. Tourism License This license is specifically for businesses operating in the tourism sector, such as travel agencies, tour operators, or companies offering various tourism-related services. Read More: Tourism License in Dubai 5. Agriculture License This is a specialized license issued to businesses involved in agricultural activities like farming, fishing, and animal husbandry. To know which trade license would be suitable for your business activity, get in touch with business setup experts at Shuraa. They’ll help you find the right one based on your business needs. How to Obtain a Trade License in Dubai? Obtaining a trade license in Dubai involves several steps, depending on the type of business you wish to establish and its location (mainland, free zone, or offshore). Here’s a general guide to help you through the process: 1. Choose a Business Name Pick a unique and appropriate trade name that complies with UAE naming regulations. You can check name availability through the Department of Economic Development (DED) of Dubai. 2. Define Your Legal Structure Decide on the legal structure of your business, such as a sole proprietorship, limited liability company, or branch of a foreign company. Each structure has its own requirements and implications. 3. Define Your Business Activities Identify the specific business activities your company will be engaged in. This will determine the type of trade license you need to apply for (e.g., commercial, professional, tourism). 4. Gather Required Documents Assemble the necessary documents, which typically include your passport, visa, business plan, tenancy agreement (if required), and other permits (if applicable). 5. Apply for a Trade License Once you have everything in order, submit your completed application form and all the required documents to the DED. This can be done electronically or in person. There are associated fees for processing your application and obtaining the trade license. Make sure to settle these fees. 6. Obtain Additional Approvals (if needed) Some business activities might require approvals from other government departments in addition to the DED. This could involve permits from health authorities for restaurants or environmental agencies for factories. 7. Obtain the Final License After processing and approval, you’ll receive your official trade license electronically or through mail. This signifies your authorization to operate your business in Dubai. If you choose a free zone, the process is similar but typically involves fewer steps since free zones streamline many requirements, and you deal directly with the free zone authority. What is the Cost of a Trade License in Dubai? The cost of obtaining a trade license in Dubai generally ranges from AED 15,000 (around USD 4,083) to AED 32,000 (around USD 8,700). However, the overall cost of setting up a business can vary depending on several factors, including the type of business activity, the business structure, the location (mainland or free zone), and additional permits or approvals required. On top of the license fee, there might be additional costs such as: DED registration fee Knowledge and innovation fees Dubai Chamber membership fees (if applicable) Business center fees (if applicable) Factors Influencing the Cost of a Trade License in Dubai Here are some of the key factors that can influence the cost of a trade license in Dubai: 1. Type of Trade License Different licenses have varying base fees set by the government. For example, a Commercial License, allowing for trading activities, will typically cost more than a DED Trader License, which caters to home-based businesses with limited activities. 2.
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Dubai Mainland Company Formation cost

Dubai Mainland Company Formation cost 

Are you planning to start a business in Dubai but are worried about the cost? Dubai Mainland Company Formation is a lively process that offers many opportunities. Knowing the cost of Dubai Mainland Company Formation is important to start a business. Now, you must consider how much the Dubai Mainland Company Formation costs. Shuraa is here to make it easy! We provide a step-by-step guide to help you with the costs and guarantee transparency.    From licensing fees to office space expenses, our experts will break down every detail. Continue to read further and explore how Shuraa can assist you in making informed decisions for your business startup in Dubai.  Why Should You Start a Company on Mainland Dubai?  Investors have two primary options for setting up a business in Dubai: the Mainland and the Free Zone. These zones are different from each other and have their advantages.   The choice of business zones depends on the investors. The licenses are different, depending on your chosen trade activity in the Zones.   1. Open Access to Dubai and the UAE  Dubai and the UAE welcome everyone, making it easy for residents and visitors to enjoy all the opportunities here. Whether you’re visiting for business, vacation, or planning to move, you’ll find a friendly and open environment. Experience the lovely culture, top-notch amenities, and strong economy that attract people worldwide.  Getting to Dubai and the UAE is straightforward, with simple entry requirements and excellent infrastructure. Explore all that this fantastic region has to offer and see why it’s such a special place.  2. Collaboration Opportunities with UAE or GCC Governments  Partnering with the UAE or GCC governments offers excellent opportunities due to their strong economies and luxurious locations. These governments are focused on innovation, infrastructure, and diversifying their economies, making it easier for businesses to collaborate.   Working together can open doors to valuable networks, simplified regulations, and a supportive business environment. Such partnerships can lead to mutual growth and long-term energy, technology, healthcare, or education development.  3. Simplicity in Expanding Business Activities  Diversifying business activities is easier than ever today. Companies can expand into new areas thanks to advanced technology, supportive government policies, and access to global markets.   By offering different products or services, businesses can reach new customers and reduce risks associated with relying on a single income source. This flexibility helps companies stay competitive and grow steadily, even in changing market conditions.  4. Local and Global Market Access  A good reach in local and global markets is important for business growth. Connecting with local customers helps companies understand their needs and build strong relationships. At the same time, entering international markets allows businesses to expand their customer base and find new opportunities.  Thanks to technology, it’s easier than ever to reach customers worldwide. This mix of local focus and global access helps businesses succeed in today’s connected economy.  Dubai Mainland Company Formation cost  When you are choosing to set up a business in Dubai, you need to know its cost. The Dubai Mainland Company Formation cost depends on the various factors mentioned below:  The type of business you are choosing  Visa costs  Office space expenses  Government fees for Notary services  A business license  Registration  Legal translation fees   Note: These charges can be one-time or annual.   The investor visa fees, which can be renewed every three years, and the annual sponsorship fee are also included. There are other costs, including one-time legal fees and commercial property fees. You’ll need to pay a one-time fee for initial approval from the Department of Economic Development (DED) and a fee for selecting your business name.  The cost to open a bank account in the UAE depends on the type of account and the bank’s offerings. Setting up a mainland company in Dubai can cost between AED 15,000* (USD 4,083) and AED 50,000* ( USD 13,612). To know the exact price, you can contact our Shuraa experts.   For specific licenses:  Dubai Commercial License: Yearly government fee – approximately AED 10,000*.  Dubai Professional License: Yearly government fee – approximately AED 5,600*.  Dubai Mainland Company Formation with Shuraa  In conclusion, setting up your company in mainland Dubai with Shuraa is easy. With expert help and transparent pricing, Shuraa guides you through local rules and regulations, guaranteeing a smooth experience.   Whether you’re an experienced business owner or just starting, this step opens up many opportunities for growth in Dubai’s exciting market. Start your journey today and discover the potential for your business in the UAE! Contact Shuraa now!  
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Financial Consultancy License in Dubai

How to Obtain a Consultancy License in Dubai, UAE?

In today’s world, expertise of any kind can be monetised. Several decades back, people relied on advice from professional networks, family, and friends for important life decisions, career paths, and business strategies. Nowadays, individuals with expertise in particular fields can set up their consultancy business in Dubai, all due to the opportunity to acquire a consultancy license in Dubai. Shuraa Business Setup provides detailed information about consultancy licenses in Dubai and the associated costs in the UAE. To learn more, continue reading.  Advantages of Establishing a Consultancy in the UAE  The benefits of initiating a consultancy in the UAE are plentiful, encompassing:  Swift Business Establishment: Acquiring your consultancy license in the UAE can be accomplished in under two hours, ensuring a rapid setup process.  Investor Advantages: The UAE provides many financial incentives, including complete foreign ownership, full profit repatriation, extensive networking prospects, and no mandatory share capital, fostering an investor-friendly environment.  Flexibility: Launching a consultancy in the UAE grants you the freedom to manage your schedule and clientele, enabling you to cater to customers globally.  Diverse Service Offerings: You can specialise in a broad spectrum of industries, ranging from education and engineering to tourism and transportation, broadening your scope of services.  Financial Feasibility: You can establish your consultancy with minimal capital investment, ensuring economic viability without compromising the quality of your services.  Growth Opportunities: Businesses in their initial stages often seek external expertise for strategy and resource management. As a local consultant, you are well-positioned to seize these opportunities, facilitating your consultancy’s growth.   Varieties of Consultancy Licenses in the UAE  For those aspiring to launch a consultancy venture in the UAE, there is a diverse array of consultancy licenses to select from. Some of the sought-after consultancy licenses in the UAE encompass:  HR Consulting  Project Management Consulting  Accounting and Finance Consulting  Business Setup Consulting  Financial Advisory  Sales and Marketing Consultancy  Strategic Marketing Consulting  Process and Operations Management Consulting  Industrial Consulting  Strategy Building Consultancy  Logistics and Shipping Consulting  IT Consulting  Engineering Consultancy  Legal Consulting  Investment Consulting  Market Research Consulting  Risk Management and Compliance Consulting  Procedure for Acquiring a Consultancy License in the UAE  Obtaining a consultancy license in the UAE involves several steps:  Document Submission: Begin by submitting your necessary documents. You can get your consultancy license in the UAE in less than two hours if approved.  E-Channel Applications: Upon approval, register and apply for your entry permit, which remains valid for up to 60 days.  Status Change Confirmation: Upon receiving your entry permit, confirm your status change to establish your consultancy officially.  Medical Test and Emirates ID Application: Undergo your medical examination and apply for your Emirates ID card. This ID enables you to open a bank account, rent property, and enter into contracts.  Residence Visa Approval: Throughout this process, Shuraa business setup advisors will provide guidance and support at every step, ensuring a smooth and successful establishment of your consultancy.  Documents Needed for License Application  The provision of advice is classified as a professional activity. Hence, you can acquire a management consultancy license in Dubai mainland, free zone, or commercial. The Department of Economic Development (DED) issues such businesses’ permits. To apply for a consultancy license in Dubai, you must prepare the following documents:  Completed Application Form: Fill out the application form and provide the necessary documents supporting your business.  Passport and Visa Copies: Submit copies of your passport and visa and those of your partners.  Passport-Size Photos: Include two coloured passport-size photos with your application.  Government Approvals: Depending on the type of consultancy firm you wish to establish, provide copies of specific approvals obtained from relevant government authorities.  Unified Number for Shareholders: If your shareholders are on a visit visa, furnish their cooperative number.  Consultancy License Cost in UAE  The consultancy license cost in UAE is AED 6500 to AED 24,500*, encompassing both co-working spaces and the lease agreement. Nevertheless, it’s essential to consider additional expenses when obtaining your consultancy license in the UAE. For a precise and customised cost estimate tailored to your business needs, feel free to contact our approachable business advisors at Shuraa Business Setup.  Whether you’re seeking a management consultancy license in Dubai or an HR consultancy license, Shuraa is here to assist you throughout the process. Why halt your journey to obtain a consultancy license in Dubai, especially when we are offering to cover the costs of your lifetime investor visa? Reach out to us today.    FAQs  Q1. How do I get a consultancy license in Dubai, UAE?  In the digital age, expertise can be monetised, allowing individuals to establish their consultancies in Dubai. Shuraa Business Setup provides detailed information and guidance on obtaining consultancy licenses and associated costs.  Q2. What are the advantages of setting up a consultancy in the UAE?  Launching a consultancy in the UAE offers benefits such as rapid setup, investor incentives, flexible scheduling, diverse service opportunities, financial feasibility, and growth prospects.   Q3. What’s the cost of a consultancy license in the UAE?  The consultancy license in the UAE starts from AED 6500 to AED 24,500*, covering co-working spaces and lease agreements. For a precise quote tailored to your needs, contact Shuraa Business Setup. 
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Company Formation Cost in Dubai

Company Formation Cost in Dubai

Dubai stands as a coveted choice for entrepreneurs and investors globally. As the Middle East’s central business hub, the city provides exceptional global connectivity and welcomes entrepreneurs with favourable commercial laws. The strategic location and demographics make starting a business in Dubai highly lucrative.  Yet, comprehending the intricacies of company formation costs is crucial. Without proper knowledge, unexpected expenses can arise. In this blog, Shuraa Business Setup will provide a comprehensive guide on the cost of company formation in Dubai.    How to Form a Company in Dubai?  Registering a company in the UAE is meticulously structured for successful outcomes. Shuraa Business Setup is responsible for guiding you through the Company Formation Cost in Dubai process, providing unmatched support from the initial steps of document submission to obtaining essential company documents and beyond.   1. Trade Name Approval and Business Activity Selection: Begin by finalising your company name and selecting the appropriate business activity. The chosen trade name must receive approval from the relevant authority to initiate the registration process.   Shuraa Business Setup will facilitate this crucial step and coordinate the approval of your selected business activities, ensuring they align with your trade license.   2. Document Submission and Coordination:  Prepare all necessary documents and shareholder details for submission to the respective authority. Remarkably, a company can only be established with the physical presence of shareholders in the UAE.   Shuraa Business Setup expertly handles the coordination of document processing, ensuring a smooth and hassle-free company registration process within a short timeframe.  3. Application for UAE Residence Visa:  Once your company documents and trade license are approved, it’s time to apply for a UAE Residence Visa for investors. Shuraa Business Setup guides you through the application process, assisting in preparing the necessary documents, including the immigration card and residence visa application form. Our dedicated Businessmen PRO Agents ensure a streamlined visa processing experience with government authorities.  4. Residence Visa and Emirates ID Processing: To complete the residence visa application, investors must visit the UAE for a medical test and stamping of the residence visa on their passport. Shuraa Business Setup simplifies this process, efficiently coordinating the visa documentation, processing, and passport delivery. Our expert PRO Agents handle all aspects, ensuring a hassle-free experience for investors.  5. Bank Account Opening Assistance:  Shuraa Business Setup effectively collaborates with UAE banks to assist in opening corporate and personal bank accounts. While the physical presence of shareholders is necessary for corporate bank account verification due to KYC compliance, the paperwork for account opening can be handled remotely. Investors can easily combine their visits to Emirates ID and medical examinations with Dubai’s bank account opening process.   When partnering with experienced business consultants like Shuraa Business Setup, investors can access professional consulting support.   Our dedicated PRO Service Agents handle every investor’s business requirement, ensuring efficient document processing, company registration, and timely collection and delivery of essential documents. Trust us to represent your interests and act as your agent, providing a seamless and hassle-free business registration experience in the UAE.   Mainland Company Formation in the UAE  Certainly! Here are some key points summarising the information about Mainland Company Formation in Dubai:   Diverse Business Landscape: The UAE Mainland is home to many businesses, from large multinational companies to small and medium enterprises.   High Demand Sectors: Retail shops, restaurants, coffee shops, and shopping centres are in high demand, attracting global brands seeking opportunities in the UAE mainland market.   Investment Attraction: Mainland Company Registration in the UAE is a sought-after business investment due to its market potential and accessibility to a multicultural audience.   Amendments in Registration Process: Recent amendments in the Commercial Companies Law have eliminated the requirement for a local sponsor or service agent to register a Mainland Company in the UAE.   Expatriate Ownership: Mainland and Free Zone companies can now be wholly owned by expatriates in various business categories, such as commercial, industrial, and trading, except in strategic sectors like energy, banking, and Oil and gas.   Restricted Sectors: Certain sectors, such as security, defence, military activities, fisheries-related services, banks, exchange shops, and telecom services, require local partnerships due to restrictions on expatriate ownership.   Company Structures: Mainland businesses in the UAE operate under various company structures, allowing flexibility in business models and operations.   These points provide an overview of the critical aspects of setting up a company in the UAE Mainland.    Company structures in the UAE Mainland:    Limited Liability Company (LLC)  The Limited Liability Company (LLC) structure is widely recognised in mainland UAE and is preferred by investors with more than two shareholders (up to 50). LLCs offer numerous advantages for entrepreneurs in the region. In this setup, an investor’s liability is limited to the extent of their shares. LLCs can engage in various business activities, including commercial, services, and industrial sectors.  Notably, 100% expatriate ownership is allowed for specific business activities within LLCs, eliminating the need for a local UAE National Sponsor. The LLC Business Setup Cost in UAE is between AED 19,000* and AED 45,000*, depending on the license type chosen and the company structure.  Professional Company (Civil Work Company)  Professionals such as consultants, legal experts, accountants etc., can establish a Civil Work Company in mainland UAE. This option allows the owner to retain 100% ownership of the company’s shares. Registering a Civil Work Company with the Department of Economic Development (DED) in the respective emirates offers skilled professionals an efficient way to start their businesses.  The Dubai Economy provides a variety of Professional Licenses, making it an attractive choice for entrepreneurs. Key benefits include full ownership for shareholders without requiring a UAE National as a partner.  Starting a Company in a Free Zone   Registering a Free Zone Company in the UAE is simpler than forming a Mainland Company. Dubai’s Free Zones are favoured for their streamlined business setup procedures, exceptional facilities, and prospering business ecosystems.   One key benefit of setting up a Designated Free Zone Company is the lower Value-Added Tax (VAT), a significant advantage for entrepreneurs. Additionally, operating costs for Free Zone Companies are minimal, as payments for office
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real estate license cost in Dubai

What is the Cost of Opening a Real Estate Brokerage in Dubai?

With several investors wanting to venture into the real estate business in Dubai, many are surfing to know the cost of opening a real estate brokerage, including the real estate license cost in Dubai. The real estate business is a hot-cake business with a 100% return on investment. Due to the world-class infrastructure and stable economy, foreign investors seek a way to settle in Dubai. This skyrockets the need for real estate in UAE to harbour a vast population of people flocking to Dubai. Gaining awareness of the real estate license cost in Dubai brings you closer to initiating a real estate business in the UAE. That means; familiarizing yourself with the cost of opening a brokerage firm in Dubai will propel you to start your brokerage firm, right? Starting a brokerage firm may compel you to acquaint yourself with little tidbits of information on how to go about it. In this article, we will walk you through everything you need to know about real estate brokerage business and real estate license cost in Dubai. Therefore, you’ll need a real estate license, hiring agents, a business plan, and securing funds before setting up your brokerage firm in UAE. Real Estate Brokerage Business in Dubai with 100% Ownership Establishing a real estate brokerage enterprise in Dubai has taken a significant stride forward, thanks to the recent regulatory changes. Under the previous regulations, foreign investors were limited to a maximum ownership stake of 49%, with the remaining 51% mandated to be held by local Emiratis. However, the landscape has shifted, and Dubai’s government has implemented a groundbreaking policy alteration – permitting 100% foreign ownership of such ventures. Despite this promising evolution, it’s surprising how some potential investors remain uninformed about these pivotal modifications. There lingers a sense of uncertainty and skepticism regarding the current legal framework governing real estate brokerage businesses. Uncertainty has led to misconceptions, with some even opining that achieving complete ownership of a real estate company in Dubai is an intricate and arduous endeavor. The past scenario, where UAE residents retained exclusive ownership of real estate brokerage firms with full rights, indeed cast a shadow of hesitation among potential entrepreneurs, preventing them from embarking on such ventures. However, this is a juncture that beckons for action, an opportune moment to seize the reins and establish your very own real estate agency within the vibrant realm of Dubai. The prospects for success are now more alluring than ever before, as the barriers to entry have been dismantled, allowing you to carve your path in this burgeoning industry without delay. What Advantages Does Starting a Real Estate Brokerage in Dubai Offer? There are numerous advantages to establishing a real estate brokerage enterprise in Dubai. In this context, we have outlined the key benefits. 1. Low-Income Tax The topmost benefit of opening a real estate brokerage business in Dubai is that you have to pay a very low income tax. Moreover, Dubai charges a 9% tax on a company’s profits if the revenue is more than 375,000. 2. High-Standard Lifestyle Another advantage of running a real estate company in Dubai is that you may live a wealthy lifestyle. It’s also not just you who gets to experience it. You can also establish plans for your family. However, you will need to apply for a family visa. 3. Consistently Growing Economy When you buy real estate, particularly abroad property, you are investing in more than simply a house or a plot of land. You are ultimately investing in the Dubai economy. And, because Dubai’s economy is continually increasing, starting a real estate brokerage firm in Dubai can only benefit you in the long term. 4. High Returns on Rents In the Golden City, the rental return is at least 5.82%. That is precisely why Dubai is one of the top locations for property investors. Furthermore, investors benefit from a steady and consistent cash flow. Second, the Dubai real estate market is expected to skyrocket in the next few years. So, now is the time to learn about the costs of establishing a real estate agency in Dubai. Procedures for Initiating a Real Estate Brokerage in Dubai When you know the right process, becoming a real estate broker in the UAE is straightforward. The subsequent instructions outline the necessary steps to gain a comprehensive understanding of becoming a real estate agent and obtain a real estate agent license in Dubai: 1. Name Approval You need to decide on a name for your real estate brokerage in Dubai. At a minimal fee, you have the option to select either an Arabic or an English name. The name must follow the guidelines put forth by the Department of Economic Development (DED). 2. Initial Approval + Tasheel Obtain the necessary authorization from the Department of Economic Development (DED) and acquire the relevant documentation from Tasheel in order to commence a real estate brokerage in Dubai. 3. Memorandum of Association At this stage, the Memorandum of Association (MOA) must be typed following the UAE commercial law and the Department of Economic Development (DED) protocols. Finally, notarising the MOA is crucial. 4. Real Estate Brokers Registration To establish a real estate brokerage firm in Dubai, certification by the Real Estate Brokers Registration (RERA) is mandatory for the real estate broker or agent. It is crucial to undergo the RERA Exam and obtain the Broker ID. Obtaining an RERA license in Dubai involves the following steps – Getting a residence visa under the company Apply for certified training with RERA for real estate brokers Attending the classes held at the opted RERA training centre Writing the RERA exam Obtaining the license and certification 5. Good Conduct Certificate The Good Conduct Certificate is issued by Dubai Police and is intended for the Real Estate Regulatory Agency. 6. Dubai Land Department Approval Opening a real estate brokerage in Dubai requires the Dubai Land Department’s (DLD) approval. The Dubai Land Department operates as the governing body tasked with supervising all aspects concerning
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Cost of Setting Up a Company in Dubai

Cost of Setting Up a Company in Dubai

The cost of Setting Up a Company in Dubai depends on the type of business, its size, and the chosen location within the emirate. The expenses generally include government fees, licensing, office space rental, visa processing for employees, and any additional services required, such as legal and consulting fees. Not all free zones in Dubai are governed by the government; many operate independently. Dubai provides several free zones, each with its cost structures and advantages.  Businesses operating within these zones can benefit from tax exemptions and retain full ownership rights, both in the mainland and within the free zones. These costs can vary significantly, making it essential for entrepreneurs to conduct thorough research and financial planning before establishing a company in Dubai. Shuraa Business Setup will help you to know the exact cost of setting up a company in Dubai.    Exploring Company Formation in Dubai: Common Queries   Some common questions about company formation in Dubai are mentioned below:  Selecting the Optimal Location: What is the best place to start a company in Dubai?  Financial Planning: How can I calculate the funds needed to set up a business in Dubai?  Cost-Effective Business Options: Is there a method for creating a budget-friendly business in Dubai?  Affordable Free Zones: Which Dubai free zone offers the most economical business options?  Payment Procedures: I must pay the Dubai trade license fee upfront.  Accessible Business Services: Are there reasonably priced business solution providers or affordable business setup services in the UAE?  LLC Formation Expenses: What is the expense of forming a Limited Liability Company (LLC) in Dubai?  Government Fees: What are the various charges imposed by the Dubai government for commencing a business  Benefits of Setting Up a Business in Dubai  The benefits of setting up a business in Dubai are as follows:   Tax Benefits  No corporate taxes.  Full profit repatriation.  No minimum capital requirement.  Low VAT of 5%.  Ownership Advantages  Full foreign ownership for expats, even for mainland companies.  No local sponsor is needed for trading companies, thanks to recent legal changes.  Industry Opportunities  Access to a wide range of industries.  Lucrative opportunities for both MNCs and startups.  Choose from a comprehensive list of legal business activities by the DED.  Get external permissions for activities not covered by the DED.  For detailed guidance on UAE’s taxation protocols, contact Shuraa Business Setup.  Expert Insights on Dubai Company Registration:   The cost of registering a Dubai company fluctuates due to changing regulations. Fixed rates for approvals and documentation are rare, making it essential to consult knowledgeable and affordable business setup services in Dubai. Experienced corporate advisors assist entrepreneurs by explaining initial charges, keeping them updated on price fluctuations and government service costs, and offering advice to minimise unnecessary expenses.   Moreover, the setup cost varies based on factors such as the type of business activity, chosen jurisdiction, required approvals, and certifications. Shuraa Business Setup has compiled a comprehensive list of the latest standard costs for setting up a business in Dubai to simplify the process. These prices are categorised as Mainland, Free Zone, and Offshore options.    Services Covered in the Cost of Setting Up a Company in Dubai- LLC Business   Below are the services Covered in the Cost of Setting Up a Company in Dubai- LLC Business   1. Initial Approval from DED   The Department of Economic Development (DED) grants initial approvals for launching business operations. A nominal fee allows you to initiate procedures for up to six months, providing ample time to complete your other required documents. This one-time expense is part of the startup costs for businesses in Dubai.  2. Trade Name Approval   The trade name is essentially the name you’ll use to operate your company. In some instances, the cost might vary depending on the name you select. Trade name approval includes reservation fees, commercial name fees, foreign company name fees, and similar charges. It could also vary based on your specific requirements. Approving a trade name constitutes a one-time expenditure.   3. Office Rental for LLC   Securing an office space for a mainland business setup in Dubai is obligatory, enabling authorities to validate the legitimacy of companies. This arrangement allows officials to inspect, oversee operations, and ensure your company complies with immigration laws. Renting an office space can be an annual or term-based expense.  4. Memorandum of Association (MoA) Attestation   The attestation of an LLC’s Memorandum of Association (MoA) takes place among the company’s partners or shareholders. The attestation cost may vary based on the share capital, but it remains a one-time expenditure.   5. Drafting the LLC Contract in Arabic and English   The contract for an LLC established in Dubai is created with the mutual agreement of the partners. It must be prepared in Arabic and English to ensure a clear understanding among all shareholders. Apart from drafting the contract, there might be additional costs for translation. This expense is also incurred only once.   6. Department of Economic Development Fees (DED Fee)   The Ministry of Economy in each Emirate imposes a nominal one-time fee for registering LLCs. However, additional annual prices vary from one business to another.  7. Mainland Trade License Fee (Included in the DED Fee)   Obtaining a trade license is a one-time cost, with the specific amount varying based on the nature of the business activity. Occasionally, a security deposit might be necessary during the trade license application process. Licenses and related activities are subject to regular monitoring by relevant departments, which could involve occasional additional costs.   8. Commercial License Fee (Tejari)   The annual payment of the commercial license fee, commonly known as Tejari, is mandatory for engaging in commercial activities.   9. Dubai Chamber of Commerce Fee   The Dubai Chamber of Commerce fee is an annual obligation. The specified amount applies to general trading companies; however, the cost may vary for industrial or manufacturing companies.   10. Commercial Services Improvement Fee   This is an annual payment made to support improvements carried out by government departments.   10. Administrative Services Fee   An administrative fee is imposed for the
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cost of company registration in Dubai

How much does it cost of company registration in Dubai?

With about $20.5bn worth of investments in the UAE from the United Kingdom, the country offers a growth-oriented business environment to UK investors. Moreover, Dubai’s geographic location makes it one of the most sought-after business destinations in the world. As a business hub, the place offers excellent global connectivity and entrepreneur-friendly commercial laws.   Being a UK investor, you can enjoy full ownership rights and long-term residence visas in Dubai. However, when it comes to starting a business in Dubai, understanding the Dubai company registration fee structure is an important criterion.   This article gives you a brief idea of the company registration cost in the UAE for different offshore and onshore businesses.  Components of business registration cost in UAE There are various considerations when it comes to UAE company registration fees. Here is a breakdown of various costs investors must consider while setting up a business in Dubai.  1. Registration Fee The Dubai company registration fees are a one-time payment made to the authorities during the registration process. The actual amount depends upon several factors including the number of shareholders, visa applications, commercial activity, the legal structure of the firm, and the free zone.   2. Office Space Obtaining a company license in Dubai necessitates the rental of office space. Since it will be your official address, the authorities send all legal paperwork and correspondence to this location only. Each free zone in Dubai has a choice of workspaces to suit your demands, including service, smart, and Flexi-desks. Experts at Shuraa UK Branch can help you find an appropriate and affordable office space for your firm.   3. License Fee One of the most important steps in operating your business in Dubai is opting for a company license. The four most common sorts of company licenses are:  Commercial License for general trading businesses Industrial License for manufacturing goods. Tourism License for travel and tours. Professional License for service-related businesses. A company’s trade license must be renewed every year. Hence it is recurrent expenditure. Additionally, the license fee depends on your business activities and chosen jurisdiction.  4. Share Capital Depending on the company’s operations and licenses, the minimum share capital amount varies greatly in each free zone and can range from as little as AED 1,000 to as high as AED 1,000,000 approximately. The minimum share capital requirement for free zones in Dubai is around AED 50,000 in general.  5. Initial Approvals Companies need to get an initial approval before obtaining the trade license. Besides, you can determine the economic activities, the legal form of the company, and the license parties (partners) through initial approval. UK investors can obtain it before or after the trade name reservation. The total cost of issuing the initial approval is AED 120 approximately. Moreover, it is a one-time government fee  6. Trade Name Reservation Reserving the trade name is the process of securing a name for your company by which it will be identified. The fee for registering the trade name in Dubai is approximately AED 620. However, if you want to register a foreign name, you need to pay around AED 2000 as the registration fee.  7. Corporate Bank Account If you’re a UK investor looking to register a corporate bank account, you might be wondering how much it costs to do so. The real kicker is that UAE local banks, like most banks in other countries, do not charge any fees for opening a bank account. However, all local banks need you to maintain a minimum monthly average balance, which ranges from around 50k AED to 500K AED. Besides, each bank has different minimum monthly average balance categories.  Business registration cost in UAE The cost of Business registration cost in the UAE ranges from AED 20,000 to AED 30,000 (USD 5,445 to USD 8,167). As a result, there is no rough figure that can give you an estimate of the cost of forming a company in Dubai. Hence, it is best to reach out to a reputed Company Formation Specialist to help you get familiar with the country’s rules and regulations.   Consultants at the Shuraa UK Branch can help you know the charges levied at the initial stages, update you on government services, and even find you an affordable location for your office.  The company registration cost in UAE also depends upon the nature of your business, jurisdiction, visa applications, and so on. We have discussed below how much the prices can differ, by providing you with an estimate of Dubai business setup Costs for Mainland, LLC, Free Zone, and Offshore company.  Mainland  One of the most sought-after business investments in Dubai is mainland company registration. Investors can actively reach out to a multicultural audience and build their business in Dubai.   The cost of starting a business in Dubai Mainland depends upon the nature of the business, the cost of obtaining a visa, and the cost of renting or purchasing office space. It includes notary, licensing, and registration expenses, as well as legal translations, which are all required by the government.  A mandatory fee that has to be paid by the investor is the Investor Visa fee which should be renewed every three years. In addition, an investor must pay a yearly sponsorship charge, one-time legal expenses, and a commercial property fee, as well as the cost of a visa for each individual.  LLC  The cost of forming a Limited Liability Company in Dubai is generally between AED 18,500 and AED 24,000. However, this figure excludes fees for getting a trading license as well as additional charges like rent and visa fees. In Dubai, the entire cost of forming a Limited Liability Company is projected to be significantly greater.  Free Zone  Alternatively, UK entrepreneurs can also register a company in a free zone. In free zones, the cost of registering a business in Dubai is substantially lower, starting at around AED 10,000 to AED 28,500. Depending on the free zone selected, this cost may vary. Similarly, the fees related to getting a trading license are separate.  Offshore   The Jebel Ali
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cost of setting up a business in Dubai

What Is the Cost of Setting Up a Business in Dubai?

UK investors and entrepreneurs need not worry about the cost of setting up a business in Dubai anymore. The highly supportive UAE government encourages minimal company set-up costs to promote profitable business opportunities among expats. Moreover, Dubai ranks 25th in the World Bank’s Ease of Doing Business ranking record.   Dubai is the Middle East business hub that offers world-class broadband, zero income tax, and entrepreneur-friendly business laws. Undoubtedly, it’s the right time for UK investors, businessmen, and entrepreneurs to start a business in Dubai.   In this article, you will gain detailed information on the benefits, necessary documentation, and the cost of setting up a company in Dubai. Types of Costs Involved in Setting Up a Company in Dubai  If you are a UK entrepreneur planning to set up a business in Dubai, go through the list of below-mentioned business establishment costs.  1. Cost of Company License  The most common type of company license is the trade license in Dubai. It is popularly known as a commercial license that designates most of the business activities that any UK investor can carry out while doing business across the UAE.   The license fee is a recurring cost that needs to be paid every year. The different types of permits needed to launch a company in Dubai are professional, industrial, tourism and commercial licenses. Further, the cost of setting up a business in Dubai relies on the kind of business activities you choose.   2. Business Registration Fee The exact registration fee will depend on your business’s legal structure and the chosen location (Free Zone or Mainland). However, the registration cost of a business in the Dubai Free Zone does not vary exceptionally; it is generally about AED 9000 to AED 10000.   On the other hand, business registration in Dubai Mainland can cost you a little more than registration in the Free Zone. Moreover, UK businessmen now enjoy 100% ownership of the LLC companies in Dubai. Further, there is no need of any UAE national to sponsor your business.     3. Expense on Securing Office Space UK investors need to have an office space in Dubai to run business smoothly. An office address is needed as all the legal documentation & notices will be sent to this address only. The rent of office space in Dubai is charged per sq feet annually.   Moreover, a few rental office spaces in the free zone offer desk spaces to fit your company’s needs, including smart, well-functioning and flexible desks.   4. Share Capital  The cost of setting up a company in Dubai also includes the share capital amount. The minimum share capital of a company operating in the free zone can cost you between AED 10,000 and AED 1,000,000 as per your trading licenses and activities. On average, a UK investor can expect a preferable share capital of AED 50,000 for a Free Zone-based company.   The UAE Business Law does not imply any minimum share capital, but the company must have adequate capital for its establishment. You can expect a minimum share capital of AED 1,00,000 for a business set up in Dubai mainland.    5. Trademark Registration Fee  UK investors need to pay a trademark registration fee while setting up a business in Dubai. Moreover, an additional fee is charged to publish your trademark in an official journal. Further, after the validity gets over, you get a time period of 3 months to renew the registration.   However,  if you fail to renew the trademark within the given time frame, a fine is levied for every delayed month. Additionally, after submitting the renewal form, you need to pay for the trademark renewal too.   Documents Required to Set Up a Company in Dubai The necessary documents that a UK investor, businessman, or entrepreneur needs to submit to the concerned authorities for establishing a company in Dubai are:   Passport of the shareholders  Passport size photograph  Entry stamp or Visa page  For more details, feel free to contact us.   Advantages of Setting Up a Business in Dubai Below is the list of benefits that an investor based out of the UK can avail on setting up a company in Dubai:   1. Central Point for Global Trade By setting up a business in Dubai, a UK businessman gets access to all Middle East markets. Further, you will get access to markets in Africa, Asia, and Eastern and Southern Europe. Moreover, all this international trade is supported by state-of-art maritime ports and airports. This makes doing business in Dubai an attractive venture for UK investors and other expats.   2. Tax Benefits  Dubai offers a complete tax exemption, be it a personal, income or corporate tax. However, only a few businesses may have to pay a standard rate of 5% VAT on specific business practices. Business activities that fall under tax duties are foreign banks and oil-based companies. Further, the excise tax is levied on certain goods that are harmful to the environment or human health.  3. Quality Life With an endless plethora of cultures, strong infrastructure, world-famous shopping stores and restaurants, UAE offers many reasons for UK investors to relocate to Dubai. Further, the sunny climate, strategic location and top-class logistical facilities make Dubai a perfect location for UK entrepreneurs to start a business in Dubai.  4. Supportive Government  Business-friendly rules and policies aim to make doing business set-up in Dubai quick, easy and profitable. In Dubai, the government offers a supportive climate to empower foreign businesses. This further helps any UK investor to set up, run and achieve long-term business sustainability in Dubai.   Cost of setting up a business in Dubai The total cost of setting up a business in Dubai would be anywhere between AED 25,000 to AED 40, 000 ( USD 6,806 to USD 10,890 ) depending upon your business activity and location. However, the set-up cost may vary depending on your business activities and location (i.e. Mainland or Free Zone). In addition to this, there are a few extra expenses such as license costs, renting an office
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low-cost business setup in Dubai

Low-Cost Business Setup in Dubai, UAE

Dubai’s strategic location makes it one of the best cities for starting a business, especially if you are looking for a low-cost business setup in Dubai. The city ranks amongst the top 5 global centers for trade, logistics, tourism, and finance sectors. According to Abdulla Lootah, general director of the Federal Competitiveness and Statistics Authority (FCSA), Dubai aims to top the World Bank’s ease of doing business index in 2022. This should be of prime interest to UK investors/businessmen. A low-cost business setup in Dubai will allow them to leverage the power of modern infrastructure, technology, and a supportive environment for expanding their business leaps and bounds. It will become easier to transform into a recognized brand and boost your brand’s awareness. Furthermore, they will be able to carry trade effortlessly with clients within Dubai and outside, given that Dubai connects travelers traveling from the west to the east and vice versa. Despite the clearly outlined rules and regulations for setting up any business in Dubai, you must have a deep understanding of how things work in Dubai. Furthermore, the cost of establishing a low-cost business in Dubai is determined by several factors. With guidance from a Dubai business professional, you can save a lot of money during the company registration process. Shuraa experts can help you make the right decisions to keep your documents and operations in compliance with the rules and regulations. How To Save Money While Setting Up a Business in the UAE? Assess your business operations and their practicality in the UAE to establish your company at the right time and area. You will save money and continue to make the most out of your business setup. Start the company setup process when you’re ready; it’s a step-by-step process that can take anywhere from one to three weeks. However, begin the procedure only when you are totally prepared, as delays or postponements may result in fines. If you don’t have the proper information, legal work, approvals, and documentation, the setup might cost you a lot more. Make sure you understand what you require before beginning the documentation process. Rather than renting an entire office, take advantage of business centres and office space. A business centre is a completely furnished and equipped workstation that enables you to have a real office at a minimal cost If your startup budget is tight, you may want to consider a flexi desk, which is essentially a work area for yourself. Flexi desks provide your company with a physical presence by providing you with an office address, a dedicated number, meeting rooms, a cafeteria, receptionists, and administrative personnel, among other things. Where Should You Set Up Your Business? Entrepreneurs and businessmen are free to establish their low-cost business setup in UAE in any free zone or mainland. You must make an informed decision about founding a corporation in a free zone or on the mainland because both of them have their own set of advantages. Let’s see some of these advantages now. Low-Cost Business Setup in UAE – Free Zones One of the most obvious advantages of founding a free zone low-cost business setup in UAE is the ability to have 100% foreign ownership. This implies that a foreign investor does not need to obtain a UAE national sponsor to start a business in the UAE. The UAE’s free zone territories are exempt from import and export tariffs, promoting international trade and commerce. Companies in the Free Zone can execute labour recruiting procedures quickly and cost-effectively. They can also hire foreign nationals. Free zone countries have plenty of warehouse and office space available for use. As a result, it is great for SMEs and startups. Free zones in the United Arab Emirates feature the most up-to-date communication technologies and infrastructure. This will assist in the growth of your business. In UAE free zones, there are no currency rules of any kind, which means that you can use any form of cash, making the transactions easy for international businessmen. Low-Cost Business Setup in UAE – Mainland You can prepare for any form of low-cost business in Dubai by establishing yourself on the mainland, and you won’t have to worry about exceeding your trade authorization throughout Dubai and the UAE. However, there are several legal prerequisites for founding a mainland business in Dubai. For example, the necessity for a local sponsor. Your firm can trade globally if you register it on Dubai’s mainland. Mainland businesses have the distinct benefit of operating freely both within and outside the UAE. Dubai’s growing smart city infrastructure is already driving businesses in new directions, and diversification is becoming increasingly valuable. Obtaining a Dubai mainland license indicates a less constrained, simpler, and speedier administrative process. Another benefit of registering on Dubai’s mainland is that you’ll be able to bid for attractive government projects. You may be in a great position if your company is required to supply services that are in accordance with government programs. Establishing governmental deals across the UAE/Dubai will surely improve your company’s image and standing. How Much Does It Cost for a Low-Cost Business Setup in Dubai? The expense of a low-cost business setup in the UAE depends on several deciding factors. These include the size of the corporation, type of activity, visas, location, trade name approval, legal licenses, and more. However, you can expect anything between AED 10,000 to AED 30,000 for a low-cost business setup in Dubai. Shuraa experts can help you navigate and understand the different pricing structures depending on your choice of operations and locations. We provide the most cost-effective business setup solutions for you and serve as your company’s setup agent. A business setup in Dubai may seem like an expensive affair at first. However, with the right understanding of licenses, policies, company structures, and registration processes, you can enjoy a low-cost business setup in Dubai. Get Started for Low-Cost Business Setup in Dubai High costs can hamper your aspirations of setting up a business in Dubai. However,
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