Costs of Company Formation in Dubaï ᐅ Make the right choice!

ᐅ What are the costs associated with setting up a business in Dubai?
The cost of setting up a business in Dubai can vary widely depending on the type of business structure you choose, the location, and the specific licenses or permits required. Generally, you can expect to pay for registration fees, license fees, office rental costs, visa fees, and potential consultancy fees. It is crucial to obtain a tailored quotation that considers your specific needs.

ᐅ What are the company setup fees in the UAE?
Company setup fees in the UAE typically include various costs such as trade license fees, registration fees, and the cost of office space. Depending on the emirate, these costs can range from a few thousand to tens of thousands of dirhams. Additionally, if you require professional services, such as consultancy for visa applications or legal advice, these fees should be factored into your overall budget.

ᐅ Are there any hidden costs in the Dubai business setup?
Yes, there can be hidden costs in the Dubai business setup process. These can include renewal fees for licenses, local sponsorship fees (if applicable), and costs associated with mandatory insurance or health card applications for employees. At Cassius Law, we provide comprehensive assistance to help you identify and budget for all potential costs.

ᐅ How long does it take to set up a company in Dubai?
The timeline for setting up a company in Dubai can range from a few days to several weeks. Factors affecting this duration include the type of business, the completeness of your documentation, and the responsiveness of various government departments. Our team at Cassius Law is well-versed in expediting these processes to get you operational as swiftly as possible.

ᐅ Do I need a local sponsor to start a business in Dubai?
In most cases, yes. If you are setting up a business in mainland Dubai, you will require a local sponsor who is a UAE national. However, there are exceptions for certain types of businesses and free zones, where foreign ownership can be up to 100%. Our legal professionals can guide you through these complexities and help determine the best structure for you.

ᐅ What documents do I need for business setup in Dubai?
Common documents required for business setup in Dubai include a business plan, passport copies of the shareholders, a No Objection Certificate (if applicable), and details regarding the business’s proposed name and location. Depending on the business type, additional documentation may also be needed. We recommend consulting with us for an accurate list tailored to your specific industry.

ᐅ Is it necessary to have a physical office to set up a company in Dubai?
Yes, having a physical office is generally required for businesses on the mainland. However, in free zones, you may have the option to obtain a virtual office. This requirement is essential for obtaining your trade license, and we can assist you in finding suitable office solutions that meet your business needs.

ᐅ What are the tax implications for businesses in Dubai?
Dubai offers a favorable tax environment with no personal income tax and low corporate tax rates, making it an attractive location for businesses. However, certain industries may be subject to specific tax regulations, such as oil and foreign banks. It’s crucial to understand these implications, and our experts at Cassius Law are here to provide clarity.

ᐅ Can foreign investors fully own a business in Dubai?
Yes, foreign investors can fully own a business in certain free zones across Dubai, without the need for a local sponsor. However, if you plan to establish a company in mainland areas, local sponsorship is generally required. Cassius Law can help you identify the best business structure and location based on your ownership preferences.

ᐅ Are there specific regulations for expatriates wanting to start a business in Dubai?
Expatriates must follow specific regulations when starting a business in Dubai, which include obtaining the appropriate visas and adhering to local laws and regulations. Moreover, understanding cultural norms and business practices is crucial for success. At Cassius Law, we are committed to guiding expatriates through the maze of legal requirements.

ᐅ What support does Cassius Law provide for business setup in Dubai?
At Cassius Law, we offer a comprehensive range of services, including assistance with company registration, documentation, licensing, visa processing, and ongoing legal support. Our experienced team is committed to making the business setup process as seamless as possible, ensuring that you can focus on growing your business.

ᐅ How can I contact Cassius Law for assistance with my business setup?
You can contact Cassius Law by visiting our website or calling our dedicated team to discuss your business setup needs. We are ready to provide you with personalized advice and assistance tailored to your requirements. Don't hesitate to reach out for a consultation.

In summary, the costs of company formation in Dubai vary widely based on the business type and structure. Our team at Cassius Law is here to assist you in navigating these complexities, providing all the guidance you need to ensure that your business starts on the right footing. Please feel free to reach out for more detailed information tailored to your specific situation.