Cost to Set Up a Company in Dubai
Dubai is a booming business hub known for its majestic towers, modern lifestyle and client-friendly policies. This makes it an attractive destination for investors from all over the world to set up a company. However, this comes with various costs that need to be paid to ensure a successful setup.
There are many costs that need to be considered when planning to establish a company in Dubai. These include the following: One of the most important expenses when setting up a company is the cost of getting your company registered. This includes any fees involved in the process of registering your business with the authorities as well as any yearly renewal fees. These fees can vary from business to business and can add up quickly.
The registration of a trade name is another essential cost when establishing a company. This includes charges such as commercial name fees, foreign name approval fees and any other fees related to registering the name of your company. These fees can also vary from business to business and may be a one-time fee or an ongoing expense depending on the type of name that you have chosen for your company set up in Dubai.
How Much Does it Cost to Set Up a Company in Dubai?
It is a requirement for foreign individuals who wish to establish companies in the UAE to obtain a work visa before they can begin their operations. This can involve application fees, visa processing fees, medical tests and other required documentation. The LSA is a person or firm who will manage your company’s infrastructure on your behalf in the UAE. They can be a local resident or an entity based outside of the UAE. The LSA will charge a yearly fee to handle your company’s administration in the UAE.
If you are establishing a company in the Mainland of Dubai, then you will need to rent an office or storage space for your company. This can be a yearly or termly expense and will depend on your location and the size of space you need. Lastly, any fees associated with hiring an attorney or other legal professionals to assist you in completing the necessary documents for your company will be an additional expense when establishing a company. This can include drafting of contracts, attestation and other legal documents.
While the total cost of establishing a company in Dubai will vary depending on your specific circumstances, there are a few things you can do to keep the costs down. One way is to hire a professional consultant to help you with the entire process. This can be an effective way to avoid expensive mistakes and streamline the process. Another option is to choose a service provider that offers comprehensive packages for company formation in Dubai. This can reduce the overall cost of establishing a company in Dubai significantly.