Dubai is a vibrant business hub that attracts entrepreneurs and investors worldwide. If you are planning to set up a business in Dubai, it is essential to understand the various costs involved. In this article, we will provide a complete breakdown of the business setup costs in Dubai.
The legal fees associated with setting up a business in Dubai depend on several factors, including the type of business, the location, and the legal structure. The legal fees for setting up a Dubai mainland company typically range from AED 10,000 to AED 15,000, while the fees for setting up a free zone company can range from AED 15,000 to AED 35,000.
Trade license fees:
To operate a business in Dubai, you need a trade license. The trade license fee varies depending on the business activity and the location. In Dubai mainland, the trade license fee can range from AED 5,000 to AED 20,000 per year, while in free zones; it can range from AED 8,000 to AED 25,000 per year.
Office space rental:
Renting office space is a high cost for any business. The rental cost varies depending on the location and the size of the office. In Dubai mainland, the rental cost can range from AED 40,000 to AED 100,000 per year for a small office, while in free zones; it can range from AED 20,000 to AED 60,000 per year.
Local sponsorship fees:
You will need a local sponsor if you are setting up a business in Dubai mainland. The local sponsorship fee can range from AED 10,000 to AED 15,000 per year, depending on the sponsor’s services.
Visa and immigration fees:
To work in Dubai, you need a visa, and the visa fee depends on the type of visa and the duration. For a mainland company, the visa fee can range from AED 7,000 to AED 10,000 per person, while for a free zone company; it can range from AED 3,000 to AED 6,000 per person.
Other costs associated with setting up a business in Dubai include registration, chamber of commerce, and accounting and auditing fees. Depending on the business activity and location, these fees can range from AED 5,000 to AED 15,000.