How much does it cost to set up a company in Dubai Freezone?

Making the decision to set up a company in Dubai Freezone is one of the best decisions ever taken. The benefits of such a decision are many and tempting. Enjoying facilitated process, state of the art infrastructure with modern technology, and tax exemption up to 100% and foreign ownership up to 100% of the business. Moreover, 100% repatriation of capital and profits, and exclusion from all import and export duties. This sounds absolutely promising, in addition to, complete support from the respective designated jurisdiction or authority.

Trying to get an estimate to set up a company in one of Dubai Free zones, require understanding that, Dubai Government alters the setup cost every once in a while. So making the cost or the fees of the setup a fixed amount is highly unlikely. Therefore, it requires having an experienced consultant that is always well informed with the most recent changes.

Dubai is the modern times business hub of the world and the region, a fact that encourages many investors and entrepreneurs to set up their businesses on its lands, or set up a branch to guarantee their existence in the region with access to Asia, Africa, and Europe.

The setup cost changing factors may include but not limited to:

·         Freezone License
·         Rental Cost (Smart Desk, Office Units, Permanent Office / Warehouses)
·         Share Capital Requirements
·         Freezone Visa Fee
·         Bank Guarantee for Freezone
·         Registered Agent Fee
·         Name Approval
·         Notarization
·         Insurance expenses
·         Bank account in Dubai
·         Medical check
·         Police clearance
·         Emirates ID card

Further additional charges may vary depending on the nature of the business setup and the activity pursued.

IBG stalwart experts and professional consultants facilitate the entire process, break down the expenses, and help you make the best decisions for the Freezonebusiness setup in Dubai. Let’s choose the most suitable free zone for the desired business activity and get started today. Call us or visit our website.

How to set up an E commerce license in UAE?

Online shopping has become a huge part of our lives today, and it’s only going to grow more in the coming years especially with the number of e-commerce businesses being launched today.

With UAE currently hailed as having the most advanced e-commerce market in the whole MENA region the demand for e-commerce licenses in Dubai is rapidly increasing, with an average annual growth of 23 percent projected between 2018 and 2022.

This growth is due in part to a number of factors, but more importantly, the UAE government’s decision to support smart transactions between businesses and consumers for different types of purchases and services in the country.

How to get an e-commerce license in Dubai

Decide on your jurisdiction

The two major areas in the UAE for business setup are the mainland and the free zone. If you decide to setup a company on a mainland, your e-commerce license will be issued by the Department of Economic Development (DED), and if you go with the free zone, it will be issued by the relevant free zone authority.

What is your legal structure

Are you a sole establishment, LLC, a representative office etc.

Register your trade name

In order to get the initial approval certificate from the DED, you have to reserve your trade name.

Provide all the Required documents these include:

Passport/visa copies of the shareholders

Copy of sponsors passport/ emirates ID

Local service agreement/ Civil works agreement

NOC from the relevant authority

Draft an MOA

Once you’ve submitted all the required documents, to the authorities along with your Tenancy Contract and Ejari, you can open a corporate bank account upon receiving the license.

These are just a few of the steps to keep in mind before starting an online business in the UAE. You may or may not require all the steps mentioned above, but that is based on the nature of your business.

IBG has a team of experienced and professional experts on hand, to guide and assist you through the entire process and ensure your launch is successful. To get started or schedule a meeting simply send us an e-mail.