You must be planning to start your business in Dubai. As you might also foresee the growth and success ratio of Dubai economy. But you have to keep few things in your mind while setting up your business in Dubai. You must assure about the location or zone you want to choose as per your business activities. And which license is going to suit your business. Licensing and trading factors are already decided by the government of the United Arab Emirates. Dubai has become the most demanding destination for investors and entrepreneurs. This place has an amazing global connection with neighboring countries. To manage heavy business flow and tourism, strict policies are very helpful to manage everything professionally and legally.
How much does it cost to setup an LLC in Dubai?
Dubai offers friendly and easy policies for every business owner or entrepreneur. You just need to be passionate and focused with right consultancy to set up your top-level LLC formation in Dubai. You need to perform few tasks to get your LLC license in Dubai. I am going to define each and every expected cost in bullet points to make it easily understandable for you.
Early approval from DED
To start business operations and activities you need permit and approval from Department of economic development DED. the initial fee for application is nominal and have a time limit of 6 months. In that period, you can do further processing of business setup. This is one-time fee that is mandatory for starting your business in Dubai.
Trade name confirmation
Trade name is basically your business identity that you want to choose. And you are going to manage your business activities and operations with that name. In some cases, the name you choose might cost a little bit more. The charges that count under this fee segment are name reservation fees, commercial name fee, foreign company name fee. You have to select a unique name that represents your business. The cost of trade name is one-time fee.
Need a location or office premises
The office premises or location is necessary to own an LLC in Dubai. There is a minimum limit of office area as well. The Authorities will come and inspect the whole setup for affirmation of given information. The cost of renting a place for office might be annually or term wise cost. It is dependent upon the owner of office and the one who are hiring that office.
Attestation from Memorandum of association MOA
This is the cost of attestation of legal documents that is done between the owner, partner, and shareholders. The cost of this may vary as per the whole capital of business. This fee is going to cost to once in a whole setup.
Chartering the LLC Contract in Arabic and English
Contract in UAE has usually been developed and finalized with the agreement of both the parties or partners, but it is considered very important that contract must be chartered in two very important languages used in UAE which are Arabic and English. This process has mainly been adopted for a very important reason that partners must learn each and every important point mentioned in the contract.
DED Charges:
Government charges or fee is considered to be the minimum level as UAE always encourage their people and even foreigners to establish their businesses in UAE. So, it’s been observed that Economic Ministry imposed some minor charges on the business setup which only need to be paid once a year or only once while establishing the business in the initial stages. This also depends on the nature and size of the business and still these charges are considered to be at the minimum level.
Chamber of Commerce Charges:
It has also been observed that business in Dubai is registered with the Chamber of Commerce and there are some charges which all businesses need to bear once every year. These charges are also dependent on the nature of business that if your organization is registered as a trading company then charges will be different or if registered as a manufacturer then charges will be different.
You can reach out to Elite business setup to find all the solutions to your business consultancy and legal requirements. To know more about LLC cost you feel free to contact us. We offer you best and affordable services in Dubai.