Setting up a company in Dubai is an exciting venture, but it’s important to be aware of the associated costs. While Dubai offers a range of business setup options, the expenses can vary based on your chosen structure, location, and business type. Here’s a breakdown to help you budget effectively.
One of the primary costs is the trade license fee, which can range from AED 10,000 to AED 50,000 depending on the type of license—commercial, industrial, or professional. Free zone packages often bundle this with office space and visa services.
Office space rental is another significant expense. For mainland businesses, leasing a physical office is mandatory and prices vary based on location. In contrast, free zones offer cost-effective solutions like flexi-desks or shared offices, which start from AED 15,000 annually.
Sponsorship fees are applicable if you’re setting up a mainland company that requires a local sponsor. These fees can range from AED 10,000 to AED 25,000 annually. While this seems high, it’s essential for compliance and local market access.
Visa fees must also be considered. A UAE residency visa for the business owner costs approximately AED 3,500 to AED 6,000. Additional visas for employees add to this expense and depend on your office space and company size.
Bank account setup might involve some charges, including minimum balance requirements that range from AED 10,000 to AED 50,000. Consulting a setup expert can help in choosing the right bank with favorable terms.
Other miscellaneous costs include legal documentation, attestation, notary services, and initial approval charges, which can total around AED 3,000 to AED 5,000.
Understanding these expenses helps entrepreneurs make informed financial decisions and avoid unexpected costs. Budgeting properly from the start is key to sustainable business operations in Dubai. AR Associates is a leading business consultancy specializing in company setup in Dubai, providing comprehensive services for entrepreneurs and businesses looking to establish a presence in the UAE.
Whether you're interested in a mainland company, a free zone setup, or an offshore entity, we offer customized solutions that streamline the process and ensure full compliance with local laws and regulations. Our experienced team of professionals assists with every step, from legal documentation and business licensing to bank account setup and visa services. At AR Associates, we aim to make your company set-up in Dubai as smooth and efficient as possible, allowing you to focus on growing your business in one of the world’s most dynamic and business-friendly environments.