How Much Does it Cost to Set Up a Company in Dubai Freezone?
Cost to Set Up a Company in Dubai
To set up a company in Dubai Freezone, you must pay a fee to the registration authority. This amount is usually around USD 1000, depending on the free zone you choose. This fee covers the administration of your company. Another important part of your expenses is the license, which allows you to conduct business. This is essential because UAE law prevents you from conducting commercial activities unless you have a license. Service licenses are necessary for your company to offer its services to various industries.
The amount of share capital is another consideration. If you are a sole proprietor, you may be able to set up your company with just the minimum amount. However, if you are trying to set up a business on a small budget, you may have to invest more money. Most free zones in Dubai require a share capital of at least AED 50,000.
Companies in Dubai Freezones are highly attractive to investors because they offer tax-free positions and minimum trade barriers. Unlike on the mainland, Dubai Freezones allow expats to set up their companies without local sponsorship. Additionally, they provide 100 percent repatriation of profits. In addition, most free zones offer industrial, trading, and service licenses.
How Much Does it Cost to Set Up a Company in Dubai Freezone?
In addition, the total cost of setting up a company in Dubai Freezone will depend on the kind of business you have. A small business that requires only a single license will be much cheaper than a large business that requires premises and multiple visas. If you are unsure about the exact cost of setting up a company in Dubai, Meydan Free Zone can help you with the process. The Meydan Free Zone can provide detailed information on costs, as well as expert guidance to help you create a successful business.
The cost of setting up a limited liability company varies depending on the type of company you want to set up and where you want to locate it. There are additional costs that are associated with setting up a business in Dubai Freezone, including the registration at the government department and the fees for documents. You will also need to pay for accounting services, payroll, and bookkeeping services.
In addition to the initial set-up cost, there are several annual fees associated with operating a company in Dubai. These fees can range anywhere from a few hundred dollars to several thousand dollars per year, depending on the kind of business you have. It is important to remember that the fees do not always include any tax or administrative fees.
A typical registration fee is AED 9,000 or 10,000. The cost will vary depending on the type of company and the size of the office facility. Often, the registration fee does not cover annual operational costs, which can reach up to tens of thousands of dollars. Furthermore, you may find that the registration fee is low, but the license fee will be much higher.
