Business Setup in Dubai:
As the countdown for EXPO 2020 has begun, the entrepreneurs have started to make plans to establish their ideas in this land of Arabian Nights. The big bosses, the medium to small entrepreneurs, the newborns are all prepared to leave a positive mark in the mind of the uncountable visitors from all the corners of the world having only one question in mind –
How to keep the budget low to fulfill their business setup in Dubai dreams, the hub of business?
As they start thinking about different options they can keep in mind the points as mentioned below to make out a direction of the new low cost business setup in Dubai.
Instant Trade license allows to setup a business in Dubai without having a lease or location of the office or desk for the first year only at the cost of AED 3,000/-. The businessman can produce the contract for location during the renewal in the second year, hence lowering the business setup cost for the first year hugely to setup the new business in Dubai. With lowering the cost of the office it comes with another advantage, the instant license comes with the eligibility to apply for 2 Investor Visas and up to 3 employee visas which allows the entrepreneur to hire people who can work independently without an office. So, those who are thinking to setup business with a small manpower can definitely think about this option.
Sustainability Desk / Flexi Desk / Desk Space
The businessman can start with the sustainability desk option instead of taking an office or a shop in Dubai to lowering the cost of business setup in Dubai. The sustainability desk is a 24/7 hours dedicated desk for the business man in a shared area where they can avail the facility of electricity, wifi, pantry, washroom, common meeting room, a common receptionist, and all these facilities they can avail at a cost of AED 10,000-12,000/- annually. The desk space provides the eligibility to apply for 2 investor visas and 2 employment visas. So instead of paying a huge amount like AED 50,000/- or more towards office rent, investor can simply cut down the cost by keeping it low while setup the company. The desk also allows the business to have an official registered office in Dubai with meeting room facility.
Online Company Registration and RSA Token
Sometimes the businessmen can’t go to the deep level of knowing what the minimum requirement is and what they can chalk out initially while budgeting for their new establishment. It’s the duty of the consultant to provide the information to their client about the cost which they can keep aside initially to keep the budget low. If a company which needs to recruit many employees can take the option of Online Registration and RSA Token as this gives the luxury to apply the visa for the employees online without visiting AMER Service. But for the companies those who doesn’t need more than 5-10 employees initially, can visit AMER services to do the visa work or can look for same kind of service through the consultancy and can simply avoid the online registration and RSA token which can save approx AED 2,500/- to reduce the Business Setup in Dubai cost.
Business Setup in Free zone
Some entrepreneurs are very particular about setting up the business in Dubai. But business in Dubai not only limited to Dubai Mainland, but also number of Free Zones in Dubai like JAFZA, DAFZA, TECOM, DMCC, DTEC, Dubai South, Meydan etc where the initial costs could be lower depending on the entrepreneurs business activity and setup requirement. The Free zones do have a few restrictions but if the business model allow the possibility to setup business in Dubai Free Zone, will be a good for startups. The tax benefits on import/export are also favorable in Dubai Free Zone business setup.
Right selection of the consultant
It is very important to know what you require initially to maintain the budget. The busy schedule doesn’t allow the businessman the time to go through the details of the prices and procedures. Hence, it is very important to take the assistance of a professional business setup consultancy that has the experience of setting up different licenses throughout different years and in different jurisdictions. Take the detailed bifurcation of the probable cost and charges and ask for the most cost effective way for low cost business setup in Dubai for your business activity in Dubai location. To find out a reliable business setup consultant, check the online reviews about the company i.e google, facebook etc as they cannot be fabricated. The client reviews can disclose which consultancy is having an eye of detailing and the level of transparency. Also check the company’s online presence and the number of years in the industry which can give you an idea of their expertise and experience.
As there are plenty of options to keep the budget low to setup a business in Dubai, the entrepreneurs can start with selecting the required business activities list and can approach to an experienced consultancy to check the cost effective options for different business setup in Dubai scenarios. When having 3 to 4 options with their own benefits and detailed pricing, the task becomes easier to select the best suitable option.
This blog post written by Ms. Ananya, Business advisor at Flyingcolour Business Setup in Dubai, emphasize in providing the best advisory and customer satisfaction to clients. For any help with making any decision in choosing the right activity for your business setup in dubai, you can reach us at any time.Feel free to call today for a more detail. Please send inquiry to info[at]flyingcolour[dot]com or call +971 4 4542366.