The Cost To Setup A Company In Dubai

A business setup in Dubai has its own advantage, particularly in terms of location and proximity. However, costs vary due to multiple factors that affect the final amount expected to spend. Moreover, low costs business setup in a free zone area, per say, also is determined by the business structure, nature, facility, and the number of visas required.  The following are some of the expected costs to register a company:

• In-the-city registration fee
• Name-reservation fee
• Business license fee
• Facility/office fee 
• Visas fee per person
  
  
  

Similar to free zone costs, setting up business in the mainland relies on factors like the business activity, visa permit counts, and facilities. Nevertheless, some additional expenses, that might be a one-time thing or recur annually, that increase the bill would include:

Government Fees are obligatory and would include:

• Notary fees
• Trade license fees 
• Registration at government department fees 
• Legal translations fees

Incorporation includes document submissions, arrangement of inspections, and others and that would be in most cases a one-time fee. 

Immigration and Ministry of Labor registration is to be expected and that might be renewed every two years. Moreover, the annual sponsor fee, a one-time legal fees, commercial premises fee and visa per person are to be quiet pricy on their own.

PRO service fees is another item to add to the list. For trade license management there is another fee under PRO services. Ministry of Economy registration fee is also to be included. In addition to Chamber of Commerce registration fee. PO Box, phone line for corporate registration, if needed, fees.

Having a solution house of experts helping you understand the fee structure of Dubai business setup would make the process way easier and controllable. A consultancy firm of complete business services from setup to running your company will leave you at ease and save you a lot of money, effort, and time! IBGME business consultancy team of experts will help make the right choices and understand what would be best for your plans. Call us today, let’s start working on making things better for your business success!

What are the Pros and Cons of company setup in UAE?

When entrepreneurs start pursuing a company set up in UAE, they must understand and comprehend the bigger picture. Look at all the angles understand what would seem like a disadvantage or an advantage. They should weigh the pros and cons of such a decision before going ahead and signing the business setup in Dubai. 

·        UAE has copious Free trade zones providing abundant possibilities of company setup all over the country with a functioning office, taxation exemption and the 100% ownership of the company by foreign investors.

·        Double tax treaties would avail more advantages in parallel thanks to the great number of tax treaties signed between UAE and other countries. Obtaining a number of residency visas in UAE for the company’s shareholders, directors, and employees based on the zone and the number of visas permitted with every activity.

There are more advantages to discuss but each free zone has it is a pack of pros, as well as mainland incorporation through the DED and allows you to do business locally and internationally. As long as the entrepreneur follows the regulations and fulfills the requirements. Contradicting to the long lists of advantages there are some items that some would consider disadvantages. Although Resident companies do not pay taxes, they have no choice but to prepare their accounting and file it for regular audit. Financial reporting is not to be considered an actual con.

·         The relatively high costs of Business setup in Dubai compared with the offshore companies in most of the international offshore jurisdictions. However, for a moderately sized business, considering that the company in UAE is the fully tax exempted resident company in a strong political and economic climate.  

Sharp ideas of the cons or disadvantages of the companies in UAE are relatively minor.  UAE is now the host of most of the largest international companies in the region. Moreover, the number of international companies keeps growing thanks to Emirates' clear legislation, professional local and international banks and modern technology developed infrastructure. Speak to IBG Consultants today, Success is around the corner.