Dubai’s strategic global location, technological advancements, and a tax-free regime have made it one of the most lucrative spots for foreign investors to set up their businesses. But many entrepreneurs think that they will need substantial startup capital to start a new business in Dubai. But this is not true. The Dubai government has taken a lot of steps to offer attractive opportunities for low cost business setup in Dubai. With no corporate and personal income taxes and business-friendly regulations, the overall cost of business setup in Dubai becomes very low.
How To Minimize Business Setup Cost in Dubai?
To minimize the total cost of setting up a business in Dubai, you need to look into a few factors as described below:
- Company Setup Location: The biggest factor that affects a company’s setup cost in Dubai is the choice of its company location - free zone or mainland.
- Key Benefits: The all-in-one features offered by a free zone makes it extremely cost-effective. Apart from the low cost, there are many other benefits offered by a free zone, such as zero tax regime, no customs tax, no currency restrictions, and permission to repatriate 100% of your capital and profits.
- Your Budget: If minimizing the setup cost is your primary goal, then you must choose the cheapest free zone that fits in your budget.
- Nature of Your Business: If you plan to take up government contracts or trade directly with the local UAE market, then you should consider company registration in Dubai Mainland. Depending on the size and nature of your business, you can set up your company in Dubai Mainland at a low cost.
Looking for low cost business setup in Dubai? Company formation experts like Creative Zone can help you at every step of the way! We can help you choose either a Dubai Free Zone or the Mainland as your company location. We can also help you with all the paperwork and procedures in setting up your business in the chosen location. Call 800 LICENSE (5423673) to schedule a complimentary consultation with one of Creative Zone’s Business Setup Consultants today!
