Starting a business in Dubai, UAE can be a difficult but gratifying experience. It takes a lot of determination and ambition to get started, as well as a significant investment for the required company setup costs. However, despite the initial expenses, the number of investors and entrepreneurs in the UAE continues to grow each year. This is because UAE is a prime location for those pursuing foreign acquisition prospects. If you’re keen to take on the challenge, launching your business in the UAE can be a wise choice.
What are the packages?
Dubai’s affordable business setup packages are designed to provide cost-effective solutions that comprise all the critical approvals, procedures, service fees, and documentation. To give you a clear idea, here’s an overview of what the packages entail –
Limited Liability Company
A Limited Liability Company (LLC) business setup in Dubai enables businesses to engage in Commercial and Industrial activities and provides employees with the freedom to work in both UAE domestic and international markets. Additionally, this type of company allows for eligibility for a Tax Residency Certificate.
Dubai’s business setup package providers will handle all the necessary arrangements on your behalf, including investor and dependent visas, work permits, and residence permits for dependents. They ensure timely company registration within a short period and provide access to a suitable UAE office to complete your registration. These providers also offer assistance in connecting you with local sponsors and back-office services such as opening bank accounts and financial services.
Offshore Company Formation
Dubai offers business setup packages that enable you to establish an International Business Company (IBC) without requiring a local sponsor and enjoy a zero percent tax rate. With this setup, you can just operate with clients outside the UAE but it provides a cost-effective way to establish a company in the UAE jurisdiction.
To facilitate the process of offshore company formation, business solutions providers deliver packages where they work on your behalf and assist you establish a virtual office. They also deliver a wide array of business services that you might require in the future.
FZE and FZC
Free Zone Establishments (FZE) and Free Zone Companies (FZC) operate within the free economic zones across the seven emirates of UAE. These types of companies allow you to fully own the business without the need for a local sponsor, and enable you to reclaim the 5% VAT if you conduct business within the Free Zone and/or overseas.
Business solutions providers can assist you in selecting the appropriate free zone for your business, register your enterprise on your behalf, and offer office spaces for lease. They also provide back-office services and help in obtaining the required licenses and approvals.
Why start a business in Dubai, UAE?
Regardless of your budget, Dubai, UAE offers several compelling reasons to begin a company. The country provides direct access to vast and emerging markets worldwide through some of the busiest ports and airports in the world. These links offer excellent trading prospects and make Dubai the perfect hub for international entrepreneurs, with about two-thirds of the world’s population within 8 hours of flying time.
Dubai’s corporate environment is known for its welcoming and encouraging approach toward businesses. The country offers various accelerators, incubators, and funding programs throughout the nation created to assist small companies launch, grow and succeed.
Moreover, Dubai’s company setup procedure has been time-tested by entrepreneurs from almost every corner of the world, making it fast, precise, and reasonable with the appropriate support.
How to start a business in Dubai with little or no money
The choice between a free zone or a mainland setup is a significant factor that affects the cost of establishing a company in Dubai. While both options can be achieved within a budget, free zone setups are often the most cost-effective way to register a company due to their all-in-one nature.
If budget is your prior concern, you can begin by searching for the most affordable free zone that meets your business needs. In addition to the cost advantage, there are several benefits to setting up a business in a free zone, such as zero percent tax rate, full customs tax-free, no currency limitations, and the capacity to repatriate 100% of capital and returns.
Nevertheless, if you plan to take on government arrangements or trade straight with the regional UAE market, a mainland business setup may be more appropriate. Relying on the size and nature of your business, this can also be achieved cost-effectively.
Consulting a business setup expert can assist you in selecting the best pathway that suits your requirements and budget.
How much does it cost to start a business in Dubai, UAE?
The overall expense of establishing a business in the UAE is determined by various factors such as the industry, activities, business setup type, and location of the company.
Moreover, there are multiple costs that you have to take into consideration. Besides the business license fee, which typically ranges from AED 10,000 to AED 30,000, you also have to consider the expenses for your visa, any necessary trading permits, and the equipment required for your business.
Low-cost business setups to start in Dubai, UAE
Digital Marketing
Dubai has a vast number of small and medium-sized businesses striving to promote their products or services to their target audience. If you possess the expertise to assist them in achieving their goal, then there is a considerable demand for your skills.
One of the most advantageous aspects of starting a digital marketing business in Dubai is that there is minimal investment or equipment required. All you need is a computer, an internet connection, and proficiency in web and social media advertising to begin building your business.
Teach, Coach, or Tutor
Starting a business in Dubai by teaching, coaching, or tutoring can be a great opportunity for those with teachable skills. There is a high demand for tutors and coaches, both in person and online. Whether you have expertise in languages, math, or any other skill, there are students in Dubai eager to learn from you.
In addition to standard topics, you can also teach life skills, cooking, and crafts like knitting, sewing, and pottery. This type of business requires minimal investment, and you can get started with just your skills, a computer, and an internet connection.
Pet Sitting
Pet sitting is a growing business opportunity in Dubai, as more and more residents are becoming pet owners. With busy schedules and frequent travel, the demand for pet sitters and walkers is on the rise.
To start this business, you will need to have a love for animals and be comfortable dealing with both pets and their owners. Obtaining the necessary permits and insurance is also crucial to make sure that you are running within the legal framework.
Once you have established your pet-sitting business, you can offer a range of services, from dog walking and pet feeding to overnight stays and grooming. With low start-up costs, this can be a great way to transform your love of animals into a successful company.
Content Writer
The demand for content marketing has skyrocketed in recent years, and it’s not showing any signs of slowing down. As more and more businesses across various industries recognize the importance of creating engaging content to connect with their target audience, the need for skilled content creators continues to grow.
If you have a talent for writing and a way with words, you can capitalize on this trend by offering your services as a content creator. You can create web copy, social media posts, emails, blogs, infographics, and more. The most useful part is that you can begin this business with just a laptop and a license.
Cleaning and Laundry Services
Dubai residents value high-quality services and are willing to pay a premium for exceptional ones. Therefore, any service that can alleviate their workload has the potential to be a profitable business venture.
There are various services you can offer, such as cleaning homes, collecting laundry, and ironing. As you grow your business, you can also aim to secure larger contracts, such as commercial cleaning services for office spaces.
Starting a business in Dubai can be affordable, but the cost will rely on the size and type of your business. However, setting up a business on a budget is possible, as long as you pay close attention to the application process. Even minor errors could result in your application being delayed or rejected, which is why it’s important to work with a business setup specialist like Start Any Business.
By providing basic documentation and information about your business, you can rely on experts to manage your license and visa applications. They will communicate with the appropriate units and authorities and keep you informed until you are keen to begin trading. With the help of a business setup specialist, the method is specific and trouble-free.