How much does it cost to set up a business in Dubai in 2023
The 2023 costs per annum depends on several factors
The Jurisdiction Selection
Free zone in dubai like a special economic zone or Mainland Dubai or other state or Emirate will you be setting up in?
In Dubai Mainland the Department of Economy and Tourism (DET) is the principal authority for the supervision and development of Dubai's economy and tourism sectors
Company legal type
Civil with or without UAE local agent with unlimited liability
The information on the Ultimate Beneficial Owner (UBO) Record in DET to be always be kept updated. The Beneficial Owner is the one who actually controls the company whether in the country of origin or registered in the UAE.
Selection of the business activities from a comprehensive list of trade or professional activities.
Special approvals from relevant external authorities OR
No major and additional approvals will be required.
Registered Business Address
Choosing office location or selecting other options to get a registered business address through a ‘virtual office’, or flexi desk at a business centre or setting up your own brick and mortar office, there are multiple options for business owners in the UAE, depending on operational needs and budget
Finalizing the Trade License
Establishment card and Immigration card
Getting the business the establishment card and immigration card - The next step is to register as an establishment with Ministry of Human Resources and Emiratisation (MOHRE) as well as the General Directorate of Residency and Foreigners Affairs (GDRFA). With both these cards, you will be able to apply for work permits and visas as a company.
Additional costs to consider
Utility Bills and Deposits
Visa costs - For Investor Visa (Partner Visa) - Valid for 2 Years and for Employee - Valid for 2 Years
Employee enrollment into Wage Protection System (WPS)
Employee Health Insurance
Employee Unemployment Insurance
Business set up service fees to service provider ( Bizvise Business Setup )