We all know that the United Arab Emirates is one of the most favorable countries for entrepreneurs with a trailblazing spirit. Starting a business in the UAE is a wise move in the current global economic scenario.
As Dubai is known for its business-friendly policies and ease of accessibility, entrepreneurs are rushing to open their business operations in the UAE.
Why choose Dubai over other destinations?
In Dubai, starting an entrepreneurial journey is easy compared to other established markets. Dubai is a perfect place to start a business as the UAE government supports entrepreneurs with many schemes and policies.
There are a variety of reasons such as tax policies, a growing economy, a global workforce, tech-friendly infrastructure, etc. But do you know how much it costs to start a new business in this country? Do you know what is the minimum investment to start a business in Dubai? Let this blog help you gain more information about how one can start a business in Dubai and what are the minimum investment requirements for the setup.
How much do you need to invest?
The good thing about Dubai is that there are different zones to ease business complexities and allow entrepreneurs to choose according to their business type. Entrepreneurs can register their companies in the Free Zone and Mainland areas as well as set up an Offshore Company.
The Dubai Economic Department has set a certain amount for the company registration in all the zones. For instance, you need at least AED 10,000 if you wish to start business operations.
Whereas, you need at least AED 2 million to launch a large business that can offer shareholding to the general public. However, non-listed companies can commence operations with less capital than required and later meet the above-mentioned requirements.
Companies Registering in the Mainland
Dubai Mainland is also very flexible and open to businesses. It is, in fact, the number of visa permits required, the location of your company, and the type of your company that dictate the cost of launching a mainland business in Dubai.
The average amount required to start a Service Company on the mainland in Dubai ranges from AED 12,500 to AED 300,000.
Advantages;
Access to local markets for greater exposure.
Flexibility in operation and business activities.
Reputation and trust
Businesses can bid for government contracts
No currency restrictions
Companies Registering in the Free Zones
The Free Zones in Dubai are the most preferred because of them being tax-free. To launch an enterprise in a Dubai Free Zone, a minimum investment of between AED 10,000 and AED 20,000 is usually required for the licensing of a company in Dubai. However, the complete cost of starting a company in a Free Zone varies due to various factors such as the company background, the number of visas needed, and the infra requirements, among other elements.
Advantages;
Zero tax
100% ownership of the company
Capital investment requirements
Small investment businesses in Dubai
Many small funding business opportunities in Dubai also exist for entrepreneurs. Here are some of the most popular small investment business options in Dubai-
1- E-Commerce Business
The world is getting more digitally integrated every day, and the same is the case for sellers and vendors who are setting up highly profitable E-commerce businesses. Places like the United Arab Emirates (UAE) are a very lucrative and untapped market for small businesses. Dropshipping and online marketplaces have made it feasible to launch an e-commerce company with a minimum infrastructure and inventory expenditure.
2- Freelancing
With the world moving towards remote work, freelancing is becoming more relevant in the present age. Many independent contractors in Dubai provide their services to different sectors. Since a freelancing business in the UAE can be run from home with only a laptop and an internet connection, starting one takes little capital.
3- Food Truck Setups
For people with limited capital and F&B industry knowhow, it is pretty difficult to establish a restaurant business. Instead, prospective business owners have an option of starting a food truck business. Food trucks have become popular in the United Arab Emirates as a unique and affordable dining opportunity for residents and tourists. Compared to starting an average restaurant, initiating a food truck venture in the UAE requires comparatively less investment initially.
How does Markai Corporate Services help you set up businesses in Dubai?
Be it a small or large-scale business, Markai Corporate Services helps entrepreneurs realize their business ambitions. Whether you are planning to kick off your venture in Mainland or Free Zone spaces, our expert team helps you with customized business solutions for your ease.
To find out more about forming a company in Dubai, United Arab Emirates, get in touch with our professional business consultants immediately!
