Dubai is one of the most prominent business hubs in the world. Setting up a business here can result in success, but you will have to take into account the cost involved to do so successfully. These are the Dubai business setup cost involved in setting up your own business from scratch, including the legal obligations and formalities that come with it. Dubai’s governmental entities can be quite confusing for first-time business owners who have never had anything to do with it before, which is why we have compiled all the information you need in one article.
Dubai Business Setup Cost For Business Licenses and Permits Required
The cost of business licenses and permits in Dubai can range from AED 1,000 to AED 100,000. The most common type of business license is the trade license, which costs between AED 5,000 and AED 20,000. Other types of licenses include the professional license, which is required for certain professions such as medicine and la0077 and the industrial license, which is required for manufacturing businesses.
The Dubai business setup cost also includes the cost of renting office space or commercial property. Commercial properties in Dubai are notoriously expensive. One square meter 10.76 sq ft of prime office space in Dubai’s financial district can cost up to AED 50,000 per year $13,333, with higher rents on offer at other locations around the city. As well as an annual rental fee, there will be additional fees payable upfront if you’re looking to rent out an entire floor of a building.
The cost of getting electricity, water, and sewage services will vary depending on your company size and where you intend to set up your business. Businesses that generate large amounts of waste may need to pay extra for their waste disposal needs we have noticed that this post has been shared by someone outside our website. If you like what we have written about Dubai business setup cost please share it so that others might find it too!
Dubai Business Setup Cost of Employee Recruitment
The Dubai business setup cost can range depending on the type of business you want to set up.
- The most common type of business is a limited liability company LLC. The cost of setting up an LLC in Dubai is approximately AED 10,000-15,000.
- This includes the cost of the trade license, which is required for all businesses in Dubai.
- In addition to the cost of setting up your business, you will also need to factor in the cost of recruiting employees.
When hiring staff, employers are responsible for paying salaries and providing them with health insurance and other benefits. Dubai business setup cost of salaries and other benefits vary depending on the nationality of the employee, as well as their qualifications and experience. Recruitment costs are typically around 2% – 3% of annual salary but this percentage may increase or decrease according to factors such as employee qualifications and experience.
What is the Cost of Starting a Business in Dubai?
The cost of starting a business in Dubai can vary depending on the type of business you want to set up. For instance, if you want to set up a sole proprietorship, the Dubai business setup cost will be relatively low. However, if you want to set up a limited liability company LLC, the cost will be higher. The reason for this is that LLCs are required to have a share capital of at least AED 2 million.
To give you an idea of how much it would Dubai business setup cost here’s a list of some typical business start-up costs. Keep in mind that these are just estimated Real estate office spaces AED 500 2,000 per square foot. Renting an office space could be one of your biggest expenses. Internet connectivity is AED 100 per month for a 10mbps broadband connection and approximately AED 20 for every additional 10mbps.