In comparison to other major nations throughout the world, the UAE is a country where businesses may get a relaxation in business license cost in Dubai. This is a result of its extremely interesting business regulations and tax reforms for both individuals and corporations.
When you establish a business in a free zone, the cost of obtaining a business license is even lower. One of the essential components in beginning a business is obtaining a business license in Dubai. The Department of Economic Development mandates and regulates company licenses in the United Arab Emirates.
But how much it costs to get a business license in UAE?
The quick and easy response to this query is between 8000 and 10,000 AED for registering a small business. However, there are additional elements that affect how much it will cost to obtain a company license.
Factors Influencing the Business License Cost in UAE
Many contributing factors can influence the business license cost in UAE. Some of the important factors include:
Your business category
When approving a business license, the nature of the business also known as the business type or business activity is taken into account. The four basic business types are separated out by the business licenses.
For businesses delivering commercial services, a commercial license is issued, a trading license for manufacturing firms, a professional license for firms providing professional services, and a tourism license for firms providing tour and travel services. The cost of the business license is mostly influenced by the type of business.
The local area you choose to run the business
The location of the firm has a significant impact on the price of obtaining a business license. There are free zones where starting a business is less expensive if your enterprise satisfies the criteria.
However, the free zone license cost has unique guidelines and might be expensive if not considered. Additionally, you don’t need to think hard about starting a business in Dubai’s local market because all you have to do is contact the Department of Economic Development and open up shop on the mainland.
Approvals required from govt. authorities
In the UAE, a long number of legal commercial operations are available. After the incorporation process, you must decide which one you want to open in the Emirates.
However, depending on the nature of your firm, you may also need to obtain a few approvals from outside authorities. Each subsequent approval has a different price depending on the requirements.
Number of partners you have in your business
The price of a business license in the UAE might also vary depending on the number of partners in a company. The cost of the licenses would be lower if you were the only partner in your company.
While certain licenses require two partners for a business, a professional license simply requires you as the partner.
Rented Office in Dubai
The price of the business license will go up by an additional 2.5% if the office space is rented. According to the rules of the Department of Economic Development, the cost of the UAE business license will be 2.5% of the total rent.
Steps to Get a Business License in UAE
To get a business license in UAE, you need to follow the below-mentioned steps:
List down all business activities
Listing all of your business activities is the first step. Send the Department of Economic Development this list after it is finished so they can review it. The business application request will be examined by government officials, who will then decide whether to approve it depending on the demands of the firm.
Finalize a business name
The following action is to reserve a trading name for their company. The company name must adhere to all naming conventions and refrain from using offensive or contentious terminology. However, using a foreign trading name comes with an additional cost.
Decide and confirm a business location
To take full advantage of the business potential in the UAE, a suitable business site must be selected. Depending on your needs, you can either open a business in the mainland or a free zone.
Start your application process
You can apply for a business license after completing the aforementioned stages. All of your business operations should be included in the business license application.
Managing Your Visa
Once you have completed all of the aforementioned requirements, you can apply for a visa to enter the UAE with your family in safety. To obtain the desired visa permissions, you must adhere to the government’s stated method.
The price of receiving a business license in Dubai depends on a variety of criteria. However, if you work with business specialists, you won’t have to be concerned about them. Once more, the price of the business license varies according to the nature of the business, its operations, and its size.
Collaborate with us for setting up your business in Dubai. We don’t charge a single penny extra for setting up your business. Click here to Book a free consultation with our experts and know more about the business license costs in Dubai.