are encouraged in Dubai and foreign investors are attracted to the city because of its economic stability and international recognition as a business hub. The business start-up costs in Dubai
can be somewhat high, especially if the investors want to set up their businesses in a good location. However, the costs are not daunting and discouraging.
Our lawyers in Dubai
can help you set up your business in Dubai and select a free zone or another location that is convenient for your business.
The costs of opening a business in Dubai
The initial costs for setting up in Dubai will concern those for a residence visa for the investor and, if applicable, his or her family. The visas will be over 10,000 AED for adults and under 10,000 for children.
The minimum share capital required in Dubai has been abolished for limited liability companies, but investors will still have to pay attention to the free zones they invest in (where foreign ownership is 100% permitted) and have various start-up procedures and fees. Alternatively, if foreign investors can find a local sponsor or partner for a start-up, they can register a local limited liability company in other areas.
Costs for permits and licenses
Other costs for setting up a business
include various registration fees for setting up a company in a free zone. The registration costs can be over 30,000 AED, including the costs for licenses, legal documents and administrative services. Depending on the activity sector, business licenses
will need to be renewed on a yearly basis and there are also costs for renewal, which can be, in some cases, around 7,000 AED.
Our law firm in Dubai can provide assistance during the company set-up procedure. We can offer you counselling, if you are interested in specific details about costs for companies in Dubai.