Hidden Costs for a Start up in the UAE
Thanks to the straightforward process and foreign investor-friendly policies on new business setup in Dubai, more investors from different parts of the world are enticed to start their business in this premium business hub.
Whether you’re looking to set up company in Dubai to start a new business venture or looking to grow your international business, there are plenty of opportunities you can explore in Dubai and the UAE. As you start planning for your business, be sure to check resources that will provide insight into how much it will cost to establish your business. Consider looking at the following:
Business setup cost
Setting up a business can be expensive. Hence, it is essential that you gather as much information as you can to prepare the budget and determine which expenses you must prioritize. Business setup in Dubai cost usually includes Dh 34,340 for onshore business, Dh 15,000 for a general trading license, Dh 10,000 to the Dubai Municipality, license amendment, visa processing, and more.
If you have a limited budget or want to maximize your funds, consider establishing your business in the free zones. You will need to rent a space for your staff and spend on visas for hired staff, but the cost is relatively cheaper.
Office rental and other fees
Office rental is just one of the expenses you need to consider when preparing for UAE free zone company formation. According to the law, the rental fees are pre-determined based on the number of employees you have, regardless of if they’re working on-site or remotely. When possible, ask for a breakdown of all the expenses, and check for any hidden costs or fees for services/facilities that you won’t be using.
Most companies in Dubai enjoy zero personal or corporate income tax. Although the business setup is costly, it allows companies to save more while making business. This gives companies an opportunity to use their funds to grow their business by starting the business in a premium location, creating opportunities to meet professionals from industries that are relevant to your business.
Whether you need assistance with legal processes in starting a business in Dubai or need a new office to accommodate your growing team, Austria Business Center offers a range of business solutions to meet all your business needs.
We also provide offices for rent and serviced offices if you need a meeting room in Dubai to meet with clients or conduct interviews.