Dubai is a great place to start a business. In a culture of entrepreneurship and innovation, your business idea can really flourish. An economic powerhouse, in Dubai doing business is easy, you can take advantage of an incredible pool of talent, and find mentors who have been through what you’re now attempting.
And that’s before we even get into the specific advantages of setting up in the UAE. So in this article, we’ll look at how to register a small business in the UAE and show why now is the time to take advantage.
In this article, we will cover:
- Benefits of registering a business in Dubai
- How to register a business in Dubai: Steps
- Cost to register a business in Dubai
- Working with Creative Zone
Benefits of registering a business in Dubai
Dubai is one of the world’s most dynamic economies, set up to favour entrepreneurship through multiple government initiatives, with the Expo2020 currently underway bringing billions of dollars and 25 million people into the emirate. Meanwhile, Dubai ranks sixteenth globally for ease of doing business, and first in the region.
If you have an idea, this is the place to see it grow. Plus, you get the choice of setting up in a free zone or on the mainland (we’ll cover this as well.)
How to register a business in Dubai: Steps
When you’re looking to register a business in Dubai there are a number of steps to follow. Let’s break these down:
Step 1: Decide on your business activity: It is vital that your chosen activity aligns exactly with the business activity you are going to undertake. To make sure everything here is clear and compliant, it’s worth bringing in the services of a company formation specialist. This is not an area where you want to make a mistake as it can cause serious issues if you are carrying out unlicensed activities, even unknowingly. It’s important to note that every activity you carry out – within your business – must be specified so you have the correct license.
Step 2: Choose a company name: The UAE is fairly strict when it comes to naming companies, so it’s important to be aware of the regulations. Essentially, you must avoid any language that could be seen as offensive or blasphemous. You must avoid any name that is already held by a well-known organisation. If you’re naming your company after yourself, ensure that you don’t abbreviate your name. So Malcolm Jones Trading is fine, but M. Jones Trading is not. Of course you will also need to ensure your chosen company name is still available for you to register.
Step 3: Select free zone of mainland setup
The next decision you need to make is whether to set up on the mainland or in one of the UAE’s free zones. Free zone setup is popular and often very cost-effective – however, if you do take this route you would have to take some additional steps (such as opening a branch or using a distributor) if you want to trade directly with the UAE market. Only a mainland setup allows you to trade with the UAE market without extra steps.
It’s here that a company formation specialist can advise you on the best option for your chosen business.
Cost to register a business in Dubai
You’re looking for the cheapest company registration in the UAE. It makes sense. The best way to frame it is that the cost to register a business in Dubai will depend on your chosen business activity, company size and where you set up.
But as an approximation, you might expect a free zone setup to be around AED 20,000 – AED 25,000 for both license and visa. Keep in mind that there will be additional costs should you require particular qualifications or specific accreditations.
The good news is that Dubai company registration fees are very reasonable if you work with Creative Zone. It’s worth getting in touch as we have the latest pricing and can tailor-make a package that suits your exact needs, and give you an accurate quote.
Working with Creative Zone
So those are the key points around registering your business in Dubai. It’s fairly straight-forward and you should be up and running quickly.
When you’re looking to set up a new company, or even as a freelancer, you can be sure that what you’re getting from Creative Zone is the latest, up-to-date info on business setup in Dubai and Dubai company registration fees from people who deal with this every day.
While the setup process can be somewhat stressful, you can fast-track it by working with a company formation specialist. It’s the quickest way to get set up in the UAE, letting us take care of all the details and ensuring your application is free from errors.
We can also help you with opening a corporate bank account and also offer important advice on the type of financial institution that would best suit your requirements.
Here at Creative Zone, we offer you the best solutions to start your company in the UAE. You get fast, reliable and unbiased advice on your unique business setup requirements. We can help you choose the right kind of license for your chosen business activity/activities and take you through the entire process from start to finish.
You can let us deal with the hassle of registering a company while you focus on your business. And working with us means you get the best budget friendly and cost-effective solution to help make your business dream a reality.
Over 10 years, Creative Zone has helped over 36,000 entrepreneurs set up their businesses. Whether it be a mainland business setup, offshore company setup, free zone company setup or issuing of trade licenses and any related activity for registering a company, Creative Zone is your one-stop-shop.