There are many reasons to choose Dubai as a place for starting a business. It may be the country’s low tax rate or it’s ideal location as the main center of the Middle East all the factors makes a business grow profusely. Dubai also set low barriers on doing business.
The formation of a company in Dubai is a straightforward process and can be easily done with the assistance of an expert.
Cost of formation of a company in Dubai:
The main component before setting up a business is it’s cost. Cost of starting a business in Dubai vary on to the type of business carried out. You can obtain a trade license to set- up a small business within a cost of 25k AED.
There are various factors which contribute to the cost of starting a business such as your office location, number of employees of the company and many more. It depends largely on the factor whether you opt for mainland business or a free zone one. Free zone costs considerably lower than setting up a mainland company.
Steps of formation of a company in Dubai:
It involves various steps some less complex than the other.
- Firstly to need to be sure of the activities your company is going to carry out, this will help you get your needed license.
- Once clear about the company’s activities you need to select and register your company name. This has a strict policy in Dubai and needs proper attention.
- Lastly, you should be sure whether you want to set- up a free zone company or a mainland one.
If you have a great business idea and is thinking of working on it making it a reality you could gain success in Dubai. Since the procedures are clear and transparent it does not take much time in carrying out the formalities and you can trade within a matter of days. A company formation specialist will take care of all your needs in starting a business, you only need to provide the details.
For company formation in Dubai, contact our team experts.