Setting up a company in Dubai is a strategic move for many entrepreneurs and businesses. The cost to set up a company in Dubai varies based on several factors, including the type of business, location, and required licenses. At PRO Smart Business, we guide you through the process to ensure a seamless setup.
What Are the Major Costs Involved in Company Setup in Dubai?
1. Trade Name Reservation and Initial Approval Fees
The first step in setting up a company in Dubai is reserving your trade name and obtaining initial approval from the Department of Economic Development (DED). This typically costs around 740 AED (620 + 120).
2. Licensing Fees
The type of license you need depends on your business activities. The three main types of licenses are:
- Commercial License for trading activities.
- Professional License for service-oriented businesses.
- Industrial License for manufacturing activities.
Licensing fees can range from AED 10,000 to AED 30,000, depending on the license type and the business activities.
3. Office Space and Rent
Office space is mandatory for most activities, with various options available in both Mainland and Freezone, such as virtual offices, Flexi desks, shared desks, and more. Depending on the specific activity and requirements, it is possible to choose the most suitable option. The cost varies based on the location and size of the office, typically ranging from 5,000 AED to 50,000 AED.
4. Visa Costs
Each company is required to sponsor employee visas. The cost of obtaining a visa includes application fees, medical tests, and Emirates ID charges. On average, each visa costs around AED 5000 to AED 7000.
5. Local Sponsor Fees
For mainland companies, a local sponsor is required for certain activities, either as an agent or a partner in the company. The annual fee for a local sponsor typically ranges from AED 10,000 to AED 30,000.
Cost Breakdown for Registering a Company in Dubai
Here’s a detailed cost breakdown for setting up a company in Dubai:
Expense | Cost (AED) |
|---|---|
Trade Name Reservation and Approval | 740 AED (620+120) |
Licensing Fees | 10,000 – 30,000 |
Office Rent | 5,000 – 50,000 |
Visa Costs (per visa) | 5,000 – 7,000 |
Local Sponsor Fees | 10,000 – 30,000 |
Why Choose PRO Smart Business for Company Setup?
1. Expertise and Experience
At PRO Smart Business, we have years of experience assisting businesses in setting up the companies in Dubai. Our team of experts ensures that all legal requirements are met efficiently.
2. Comprehensive Support
We provide end-to-end support, from initial consultation to obtaining necessary approvals and licenses. Our services are tailored to meet the unique needs of each client.
3. Cost-Effective Solutions
We offer cost-effective solutions to help you minimize expenses while maximizing benefits. Our transparent pricing ensures there are no hidden costs.
Frequently Asked Questions (FAQ)
Q: How long does it take to set up a company in Dubai?
A: The company setup process in Dubai typically takes between 1 to 4 weeks, depending on the business type and the efficiency of documentation submission.
Q: Can I set up a company in Dubai without a local sponsor?
A: Yes, if you choose to set up your company in a free zone, you do not need a local sponsor. However, mainland companies require a local sponsor for certain activities.
Q: What are the benefits of setting up a company in a free zone?
A: Free zones offer several benefits, including 100% foreign ownership, tax exemptions, full repatriation of profits, and simplified setup procedures.
Q: Do I need to be physically present in Dubai to set up my company?
A: For setting up a company in Dubai, physical presence is generally not required. Our team can handle most of the procedures on your behalf. However, depending on the nature of the business, your presence may be required.
Q: What types of businesses can be set up in Dubai?
A: Dubai offers opportunities for various types of businesses, including trading, professional services, manufacturing, and more. Each type has specific licensing requirements.
Q: How can PRO Smart Business assist in company setup?
A: PRO Smart Business provides comprehensive services, including trade name registration, securing essential approvals, obtaining license, renting office space, visa processing, bank account opening, accounting services, and more, ensuring a smooth and hassle-free experience from start to finish.
