Dubai is one of the hot spots for foreign investors to set up their businesses. It is the strategic location, latest technology, and a tax-free regime that has made Dubai a favorite destination among business owners. But quite a few investors think that they will need a large amount of startup capital to set up a new business in Dubai. But this is false. The Dubai government offers attractive opportunities and incentives for low cost business setup in Dubai. Since there are no corporate or personal income taxes levied, and the government regulations are business-friendly, the overall business setup cost in Dubai becomes substantially low.
Factors Affecting Business Setup Cost in Dubai
The following 4 factors affect the total cost of setting up a business in Dubai:
- Location of the Company: The biggest factor that affects a Dubai company’s setup cost is the location of the company where it is set up. The cost of setting up a business in a Dubai free zone is usually less than the mainland.
- Amenities & Benefits: A number of business-friendly features offered by a free zone make a company set up extremely cost-effective. Apart from the low cost of set up, there are other benefits offered by a free zone which help to reduce the overall cost. These benefits include zero tax regime, no currency restrictions, no customs tax, and permission to repatriate 100% of your capital and profits to your country of origin.
- Your Budget: You must choose the cheapest free zone if minimizing the business setup cost is your primary goal.
- Type of Business: If your business involves taking government contracts or trading directly with the local UAE market, then you should register your company in Dubai Mainland. However, you can have low cost business setup in Dubai Mainland based on the size and nature of your business.
Dubai Company formation experts like Creative Zone can help you set up your business in either a Dubai Free Zone or the Mainland. Call 800 LICENSE (5423673) to speak to one of our expert business setup advisors today!
thanks for sharing you valuable knowledge about business setup in Dubai.
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