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01/08/2025 | News release | Distributed by Public on 01/08/2025 07:48

What is the Cost of Setting Up a Company in Dubai, UAE

Wed, 08 Jan, 2025

Cost of Setting Up a Company in Dubai is a crucial consideration for investors looking to establish a business in the UAE. Understanding the cost of setting up a company in Dubai and the steps involved can save time and resources. This comprehensive guide will walk you through the essential steps and provide detailed information to help you navigate the process smoothly.

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Table of Contents

  1. Cost of Setting Up a Company in Dubai
  1. Steps to Cancel a Business Partner Visa in Dubai
  1. Company Registration in UAE
  1. Mainland Company Registration
  1. Free Zone Company Registration
  1. Offshore Company Registration
  1. Required Documents For Setting Up A Company in UAE

1. Cost of Setting Up a Company in Dubai

Setting up a company in Dubai involves various costs that can vary depending on the business jurisdiction and the nature of the business. The cost of setting up a company in Dubai is influenced by factors such as the type of license, office space, and additional services required. Below is a detailed breakdown of the costs involved in setting up a company in Dubai:

Cost of Setting Up a Company in Dubai

Description

Cost (AED)

Trade Name Submission

776.50

Initial Submission Approval

256.50

Virtual Office with Ejari & Tenancy for 1 year

10,000

License Fee

8,000 - 30,000

Total Cost

19,033 - 41,033

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The cost of setting up a company in Dubai can range from AED 19,033 to AED 41,033, depending on the specific requirements and business activities. It is essential to plan and budget accordingly to ensure a smooth setup process.

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2. Steps to Cancel a Business Partner Visa in Dubai

Canceling a business partner visa in Dubai is a multi-step process that requires careful attention to detail. Here are the steps involved in canceling a business partner visa in Dubai:

  1. Gather Required Documents: The first step to cancel a business partner visa in Dubai is to gather all the necessary documents. This includes the passport copy, visa copy, Emirates ID, and any other relevant documents.
  2. Submit Application: Once you have all the required documents, you need to submit the application to the General Directorate of Residency and Foreigners Affairs (GDRFA). The application must be filled out accurately and completely to avoid any delays.
  3. Pay Fees: After submitting the application, you will need to pay the required fees. The fees for canceling a business partner visa in Dubai can vary, so it is important to check the latest fee structure.
  4. Receive Cancellation: Once the application is processed and the fees are paid, you will receive the cancellation confirmation. This confirmation is essential for completing the visa cancellation process.

Canceling a business partner visa in Dubai requires careful planning and attention to detail. By following these steps, you can ensure a smooth and hassle-free process.

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3. Company Registration in UAE

Company registration in the UAE is a straightforward process that offers numerous benefits to investors. The UAE provides a business-friendly environment with various options for company registration. Here are the main types of company registration in the UAE:

  • Mainland: Mainland company registration in the UAE allows for 100% foreign ownership in most sectors. This is a significant advantage for investors looking to establish a presence in the UAE market.
  • Free Zone: Free Zone company registration offers several benefits, including tax exemptions, full profit repatriation, and minimal running costs. Free Zones are ideal for businesses looking to operate in a controlled environment with specific regulations.
  • Offshore: Offshore company registration is suitable for businesses that do not require a physical presence in the UAE. Offshore companies benefit from tax exemptions and are ideal for international business activities.

Each type of company registration in the UAE has its own set of requirements and benefits. It is important to choose the right type of registration based on your business needs and objectives.

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4. Mainland Company Registration

Mainland company registration in the UAE is one of the most sought-after business investments due to its numerous advantages. The UAE Mainland allows for 100% foreign ownership in most sectors, making it an attractive option for investors. Here are the key aspects of mainland company registration:

a. Limited Liability Company (LLC)

The Limited Liability Company (LLC) structure is one of the most popular company structures in the UAE Mainland. It offers flexibility and various business benefits. Know more how to set up an LLC Company in Dubai, UAE.

Here are some key points about LLC registration:

  • Ownership: LLCs can have up to 50 shareholders, and the liability is limited to the extent of the shares owned by the investors.
  • Business Activities: LLCs can engage in a wide range of business activities, including commercial, industrial, and professional services.
  • No Local Sponsor Required: For most business activities, there is no requirement for a local UAE national sponsor, allowing for 100% expatriate ownership.

b. Professional Company (Civil Work Company)

A Professional Company, also known as a Civil Work Company, is suitable for professionals such as consultants, doctors, and accountants. Here are the key features:

  • Ownership: Professionals can retain 100% ownership of the company's shares.
  • Licensing: The company must obtain a professional license from the Department of Economic Development (DED) of the respective emirate.
  • No Local Service Agent Required: There is no need to appoint a local service agent for liaising with the DED.

c. Branch or Representative Office of Foreign Companies

Foreign companies can establish a branch or representative office in the UAE Mainland to expand their operations. Here are the key points:

  • Market Entry: A branch office allows foreign companies to test the market conditions and audience response before making a significant investment.
  • Business Activities: Branch offices can engage in activities similar to the parent company but cannot conduct commercial activities independently.

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5. Free Zone Company Registration

Free Zone company registration in the UAE offers several benefits, making it a popular choice for investors. Free Zones provide a business-friendly environment with specific regulations and incentives. Here are the key aspects of Free Zone company registration:

Benefits of Free Zone Company Registration

  • Tax Exemptions: Free Zone companies are exempt from VAT and corporate taxes.
  • Full Profit Repatriation: Investors can repatriate 100% of their profits.
  • Minimal Running Costs: Free Zones offer cost-effective business setup options with minimal running expenses.
  • Easy Transfer of Ownership: Ownership transfer is straightforward and hassle-free.
  • International Quality Warehouses: Free Zones provide world-class warehouse facilities for businesses.

Cost of Free Zone Company Registration

The cost of registering a Free Zone company in Dubai starts from AED 13,900. The cost may vary depending on the specific Free Zone and the business activities. Free Zones offer various packages to suit different business needs.

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6. Offshore Company Registration

Offshore company registration in the UAE is ideal for businesses that do not require a physical presence in the country. Offshore companies benefit from tax exemptions and are suitable for international business activities. Here are the key features of offshore company registration:

Characteristics of Offshore Companies

  • No Physical Office Required: Offshore companies do not need a physical office in the UAE.
  • Tax Exemptions: Offshore companies are exempt from corporate taxes.
  • Full Foreign Ownership: Offshore companies can be fully owned by expatriates.
  • Ideal for International Trade: Offshore companies are suitable for businesses engaged in international trade and investment.

Benefits of Offshore Company Registration

  • Cost-Effective: Offshore company registration is cost-effective and involves minimal administrative requirements.
  • Confidentiality: Offshore companies offer a high level of confidentiality for business owners.
  • Ease of Setup: The registration process for offshore companies is straightforward and quick.

7. Required Documents For Setting Up A Company in UAE

Establishing a company in the UAE requires certain documents and adherence to specific procedures. Here are the documents typically required for company registration:

  • Application Form: Completed application form for company registration.
  • Passport Copy: Copy of the passport of the shareholders and directors.
  • Photographs: Passport-sized photographs of the shareholders and directors.
  • NOC: No Objection Certificate (NOC) if the shareholder is already on a UAE residency visa.
  • Tenancy Contract: Copy of the tenancy contract for the office space.
  • Location Map: Map showing the location of the office.
  • Degree Certificate: Attested degree certificate for higher designations.

By following the steps and providing the required documents, investors can successfully register their company in the UAE and take advantage of the numerous benefits offered by the region.

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FAQs on Cost of Setting Up a Company in Dubai

What is the cost of setting up a company in Dubai?

The cost of setting up a company in Dubai can range from AED 19,033 to AED 41,033, depending on the type of license, office space, and additional services required.

How long does it take to set up a company in Dubai?

The process of setting up a company in Dubai typically takes between 1 to 4 weeks, depending on the business structure and the completion of required documentation.

Can a foreigner own 100% of a company in Dubai?

Yes, foreigners can own 100% of a company in Dubai, especially in Free Zones and certain Mainland business activities.

What documents are required to set up a company in Dubai?

Required documents include a completed application form, passport copies, photographs, No Objection Certificate (NOC), tenancy contract, location map, and attested degree certificate for higher designations.

What are the benefits of setting up a company in a Free Zone?

Benefits include tax exemptions, full profit repatriation, minimal running costs, easy transfer of ownership, and access to international quality warehouses.

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How can I cancel a business partner visa in Dubai?

To cancel a business partner visa in Dubai, gather the required documents, submit the application to the General Directorate of Residency and Foreigners Affairs (GDRFA), pay the fees, and receive the cancellation confirmation.

What is the difference between Mainland and Free Zone company registration?

Mainland companies can operate anywhere in the UAE and engage in a wide range of business activities, while Free Zone companies benefit from tax exemptions and are restricted to operating within the Free Zone.

Can I set up an offshore company in Dubai?

Yes, offshore company registration is available in Dubai and is suitable for businesses that do not require a physical presence in the UAE.

What is the process for opening a corporate bank account in Dubai?

To open a corporate bank account, you need to have an Emirates ID, UAE Residence Visa, and the physical presence of shareholders for verification purposes.

Are there any restrictions on foreign ownership in certain sectors?

Yes, certain strategic sectors such as energy, banking, oil & gas, security, defense, and military activities have restrictions on 100% foreign ownership.

Disclaimer: The information provided in this article is intended for general informational purposes only. The details mentioned are based on the best available information at the time of publication and are subject to change without notice by the respective authorities. Readers are encouraged to consult the relevant offices directly for the most accurate and updated information.

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