In addition to the types of business structure mentioned earlier (sole proprietorship, partnership, limited liability company, and branch office), there are also several different locations in Dubai where a company can be formed:
A company formed on the mainland of Dubai is subject to the laws and regulations of the Dubai government. This includes both federal laws and the laws of the specific emirate in which the company is located. Mainland companies can conduct business both within and outside of Dubai.
A freezone is a designated area in Dubai that operates under its own set of laws and regulations. Freezones are designed to encourage foreign investment and offer a range of benefits, such as 100% foreign ownership, tax exemptions, and easy company formation procedures. There are several freezones in Dubai, each with its own focus (such as technology, media, or finance).
An offshore company is a business that is incorporated in a jurisdiction outside of its place of business or operations. In Dubai, offshore companies can be formed in the Dubai International Financial Centre (DIFC) or the Dubai Multi Commodities Centre (DMCC). Offshore companies are not subject to the laws and regulations of the mainland or freezones, and are typically used for asset protection, tax planning, and other business purposes.
We have expertise in forming a compant and we are well known business setup consultants in Dubai.
B2B Document Clearing plays a valuable role in the process of starting a business in Dubai.We can provide a range of services to help you navigate the process, including:
- Advising on business structure
- Maintaing neccessary paperwork and documentation
- Providing guidance on location
- Assisting with office setup
Overall, we can be a valuable resource when it comes to starting a business in Dubai. B2B can help you navigate the process and ensure that everything is done correctly, so that you can focus on building and growing your business.
The cost of company formation in Dubai will vary depending on the type of business structure you choose, the location of your business and the nature of your business activity. Here are some general estimates of the costs you can expect:
Sole proprietorship: The cost of setting up a sole proprietorship in Dubai is relatively low, as this is the simplest and least expensive business structure.
Partnership: The cost will depend on the type of partnership you choose. A general partnership will be less expensive than a limited partnership or professional partnership, as the latter two types require more complex ownership structures and paperwork.
Limited liability Company (LLC): LLC setup cost in Dubai will depend on the size and complexity of your business. In general, you can expect to pay 20-35 thousand dirhams in professional fees, government fees, and other costs.
Branch office: Here the cost will vary depending on the size and complexity of your business, as well as the specific requirements of the freezone in which you are located.
Here is an example of the costs you might expect when forming a small LLC in a Dubai freezone:
- Professional fees: AED 5,000
- Government fees: AED 3,000
- Rent for office space: AED 10,000 per year
- Insurance: AED 1,000 per year
- Visas for two employees: AED 10,000 per year
Total: AED 29,000 per year
This is just a rough estimate and the actual costs you incur may be higher or lower, depending on the specific circumstances of your business.