Dubai is a favored destination for entrepreneurs and business owners. The strategic locations and Special Economic Zones make Dubai suitable for businesses. Dubai offers a range of facilities from prime locations to virtual offices. Taxation policies and government guidelines also attract entrepreneurs to begin a venture in Dubai.
Dubai offers ample opportunities for entrepreneurs to kick-start their companies with low-cost investment. This detailed guide highlights every essential business insight for a low-capital business setup in Dubai.
Following the appropriate steps and consulting with business professionals helps you a lot and saves you money. You will need a few things before thriving in a business venture. This includes location, trade name, rental space, license, residency visa, etc.
Additionally, it is important to choose the right zone for your business. UAE offers three business zones- Free Zone, Mainland, and Offshore. Every location has its advantages, therefore, choosing the best business zone that suits your activity can save you a lot of money.
How much does it cost for a low-cost business setup?
You can start your business in Dubai at just AED 15,000. This cost includes a trade license with a shareholder, a residency visa, a flexible office lease, etc. These expenses may vary based on business activities.
We all know that Dubai is the perfect place to start your venture, but many people still believe that setting up a company in this city costs a lot. As we mentioned before, the cost varies on location and business activity. However, here's an example of how these expenses are often calculated.
- Annual business license with 0 visa costs AED 6,500.
- Service provider fees start at AED 2,000.
- Office space and facility rentals vary according to the client's needs.
- Registering a corporation in a Free Zone costs less for many reasons.
To minimize total expenditures without surrendering in any area, meticulous planning and striking the proper balance are necessary.
Free Zones with low-capital packages:
Dubai has around 45 free zones, each dedicated to a distinct industry. Some of the most cost-effective and flexible free zones are:
- International Free Zone Authority
- Dubai Silicon Oasis
- Dubai Multi Commodities Centre
- Dubai South Free Zone
- Dubai International Financial Centre
- Ras Al Khaimah Economic Zone
Why choose Dubai for a low-cost business setup?
Dubai has built a reputation as the most favored business hub globally. Many reports suggest that the coming years will be the golden period for the UAE. Here are a few reasons entrepreneurs choose Dubai for a low-cost business setup.
- Various Licensing Preferences
The UAE offers multiple trade license options designed to cater to different business needs including freelance, virtual, and general business licenses. On the other hand, free zones provide a budget-friendly venture setup.
- No Limitation on Currency
Dubai doesn’t restrict foreign exchange which is a good decision by the authorities to prioritize FDI. Entrepreneurs may simply repatriate profits, making it a convenient setting for financial management.
- Tax Benefits
The most exciting part of launching a business in Dubai is its tax regime. UAE offers one of the easiest taxation systems in the world.
One of the biggest draws of setting up a business in Dubai is its tax-friendly environment. Companies incur little corporate tax and no personal income tax, lowering the operating costs.
- Flexible Office Solutions
Dubai offers flexibility in work. It’s not necessary to rent an office to run your business. The city provides many versatile solutions such as co-working spaces and virtual offices.
- 100% Ownership
Business owners have the privilege of full business control in the Dubai Free Zones. Since no local sponsor is needed, the setting up is much quicker and usually cheaper.
- Diverse Economy
Dubai has a diverse and growing economy, offering opportunities in tech, tourism, commerce, and professional services. The growth and innovation culture of the city gives rise to opportunities for enterprises of all sizes.
Get a low-cost business setup in Dubai with Markai Corporate Services
Business expenses bring a lot of worries and complications to your work life, but not when it comes to Markai. We value your hard-earned money and use monitoring calculations to ensure every money is spent wisely.
In addition, we provide tailored company packages and numerous unique low-cost solutions from the beginning to give you the required breathing space. The low upfront payment scheme also complements every type of company, from startups to branch offices to limited liability companies.
Contact MarkAI Corporate Services, your trusted Business Setup Consultant, today! Our team of Company Setup Consultants will guide you through a smooth and seamless business setup in the UAE, ensuring you're ready to capitalize on the multiple opportunities this dynamic market has to offer.
Reach out to us at - +971 50 479 8992 or mcs-info@mark-ai.com to discover how we can help you capitalize on the multiple opportunities that the UAE has to offer.
