In DMCC, the minimum share capital to form a free zone company is AED 50,000 per company and AED 10,000 per shareholder. In order for a company to receive a general business license, it must have a minimum share capital of AED 1 million. In the Hamriya Free Zone, you can form an FZE with a share capital of AED 150, 000. Once you have answered these questions, you can begin to align your personal circumstances with the opportunities available.
There's also another important factor to consider: the budget. You can start your business with AED 10,000 or 10 million. If you don't have a big budget, don't worry. There are plenty of low-cost business opportunities in Dubai and in the United Arab Emirates in general.
Compared to other Dubai free zones, the cost of setting up a company on the Dubai mainland is relatively high; however, the value-added services and business support offered to member companies have made the continent the world's leading free zone for the past six years. The opening rates are overwhelming, the United States has 300 million people, so once a company is created, a market of that enormous size has to be addressed. The costs of setting up a business on the mainland, like the costs of setting up a business in a free zone, are determined by factors such as the nature of the company, the number of visa permits required and the location of the company. Having to pay the Chamber of Commerce The fee would entitle the company to receive a certificate issued by the Chamber of Commerce, which will allow the recognition of the goods and will help estimate customs duties.
The cost of setting up depends on the type of company you want to set up; however, the following is a general guide that you should consider when planning your business setup. One essential thing for starting a business in mainland Dubai is that the management must obtain a business license. A growing number of start-ups consider Dubai to be a better option for setting up a business compared to other cities in the world. The most cost-effective way to start your business in Dubai is to establish yourself in a free zone with the help of a company formation expert.
The location you choose will determine the various legal structures of your company and the amount of money you will need to set up a company in Dubai. The rent of the building required by the company is determined by the Free Trade Zone in which the company is located. Over the years, the government has made it easier for business owners and has tried to create a simplified business creation process that makes it easier and faster to start businesses in Dubai. While a lot of costs will arise depending on the location of your company in Dubai, four costs cannot be avoided and will undoubtedly form part of the cost of setting up a company in Dubai.
Let's take a closer look at how much it will cost to set up and run your business in Dubai by breaking down the expected expenses before and after the company was created. In addition to the location, the cost of the company will be determined based on a variety of factors, such as the business structure, the nature of the business, infrastructure requirements, the number of visas required by the company, access to suppliers and raw materials, etc.