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Dubai is characterized by its great diversity of investment opportunities. And for this reason it is considered one of the best investment destinations in general. But despite this, the cost of investment projects in Dubai may vary greatly, which is why a new investor would like to know the necessary cost of his project. That is why, in today’s article, we will talk about the cost of setting up a company in Dubai in general. Continue reading with us to know more details about this topic.
The cost of setting up a company in Dubai
The cost of setting up a company in Dubai varies greatly from one investor to another. This is because calculating the exact cost depends on a lot of different factors. Such as the type of company, its size, staff, location, commercial license, and many others. For this reason, we cannot determine the cost precisely, but we can do it approximately. In the following paragraphs, we will mention to you a group of factors that can help you calculate this cost.
1- Company registration fees
Company registration fees are paid only once, when the company is registered for the first time by the company owner. That is, the employer does not have to renew these fees on an annual basis, as is the case with many other fees. These fees often range between 9 and 10 thousand AED. Knowing that it could be more or less than this amount. This depends mainly on the type of legal structure of the company, as well as the its location.
2- Cost of capital
Capital is usually the largest part of the cost of setting up a company in Dubai. But this amount depends on many different factors, such as the type of company, its size, the nature of its business, and its location. For this reason, capital varies greatly from one company to another. In the Emirate of Dubai, companies can cost only 10,000 UAE dirhams, while other companies require millions of dirhams.
3- Commercial license
Obtaining a commercial license is one of the most important steps necessary to establish any business in Dubai or the Emirates. The fees required to obtain and activate this license are also one of the most important fees in general. This is because these fees are paid annually. In general, trade license fees in Dubai range between 1,000 and 50,000 AED. It may vary according to the type of commercial license, or according to the region in which the company will be established.
4- Entry fees to the market
Market entry fees are one of the additional fees that the investor should pay attention to. And these fees include the following:
1- Market entry costs subject to the local law system are 5% of the value of the company’s lease contract.
2- Additional fees are determined by a committee affiliated with the competent authorities in Dubai for foreign investors.
3- Residence fees for foreign investors in Dubai, which are estimated at approximately 5% of the value of the housing contract.
4- In addition to waste-related fees, which are assessed by the Dubai Waste Committee.
5- The cost of office spaces
Any company, regardless of its type or nature of business, requires office space. These spaces vary mainly according to the company’s needs. in addition to the number of people working in it, and its budget. Moreover, the cost of office space in Dubai varies from one region to another. But in general, we can say that the cost of these spaces ranges between 10 and 50 thousand UAE dirhams. These costs must be renewed annually, according to the company owner’s lease contract.
Tdabeer…your best choice
Tdabeer Company works to provide all services that help investors establish their projects in Dubai. Such as assistance in implementing all the necessary steps to establish a company in Dubai, obtaining all types of commercial licenses, opening bank accounts, assistance in obtaining various visas, and other important services. Contact us through the following links to benefit from our services and join our customer list. Hurry and start your investment business in Dubai.
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