Business Setup Overview
Mainland Business Setup
UAE Mainland
UAE Freezone
UAE Offshore
Taxation
Expert taxation and financial management solutions
VAT Services
Business Accounting Services
Financial Forecast & Projection
Book-keeping Services
Accounts Payable
CFO Services
Inventory Verification Service
Tax Residency Certificate in UAE
Payroll Management
Month End Financial
PRO Services
Professional support for all your business needs
PRO Business Services Overview
MEA & MOFA Attestation
Golden Visa
Property Visa
DUBAI Customs Registration
Assistance in Bank Account Opening in UAE
DIFC Formation
Pioneering Excellence in Financial Foundations.
Overview
DIFC Foundation
DIFC Prescribed Company
About Business
Building & Engineering
Educational Activities
Financial Activities
Gas & Energy
Heavy Industries
Light Industry
Medical
Nutrition & Food
Personal Household
Print & Media
Real Estate
Sports
Activity Group: Transport
Various Activities
Business Setup
Company Formation
Dubai Business Laws
Entertainment & Related
Freezone Company Formation
Offshore Formation
Research Article
UAE Business News
Accounting & Bookkeeping
Business Setup Dubai
Cloth Pressing Business
Construction
Crypto Business
Decoration Design Business
Dry Cleaning Business
Education
Energy and Mining
IT
Financial Services
Fintech
Healthcare
Healthcare Industry
Hotel and Hospitality
Home Based Business
Manufacturing
Media and Entertainment
Online Business
Real Estates
Restaurant and Cafe
Shipping
Telecommunication
Trading
Transport
Travel and Tourism
Utilities
Yoga Centre
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.
Several tips can help you to reduce the overall cost of starting your business in Dubai. By following these tips, you can save a lot of money while starting your company in this city. The following is the list of top tips that can help you with Low-Cost Business Setup In Dubai:
The best thing you can do is to hire a business expert, like Flyingcolour Business Setup Services, to establish your company at a low cost. You must take benefit of reasonably priced packages by business experts like us to launch your business in Dubai. However, you should select the all-inclusive plan, including assistance with licensing, visa, paperwork, and more. As a result, you can take a comprehensive approach that is less expensive than taking care of everything yourself separately.
Analyzing your business requirements can also help you to save costs on setting up your business in Dubai. It would be helpful for you to understand your company's needs and match them with the Mainland or Free Zone in this city. When you align these factors, you can reduce the cost of extra resources. It can lead you to enormous long-term savings.
The use of shared or virtual office space can also help you save on the process of setting up a business in Dubai. You could either use a virtual or shared office space for your business. When using a shared space for your business, you only have to pay for certain facilities use, such as desk space, phone, printing service, and much more. This option is suitable for those who need a physical office presence for their business. On the other hand, you can use a virtual office. While enjoying the flexibility of working from home, you can acquire a portal address, discounted meeting room hire, and other support services.
You can also do Low-cost business setup by preparing essential paperwork for your business. While performing this tip, you should ensure every contract and document is properly documented. With the help of local authorities, you should notarize the Memorandum of Association (MoA) and Articles of Association (AoA). These documents will reduce expenses and make it easier to settle disputes in case of deviation.
When hiring a local sponsor or local service agent, you should always conduct deep background checks. You can effectively manage legalities with these company formation services. However, selecting the wrong service can lead you to unexpected consequences in the future. Therefore, you should carefully choose a local sponsor or local service agent to set up your business in Dubai at a low cost.
Countless business ideas are available to start your business at a low cost in Dubai. We have listed some of the top low-cost business ideas that might be suitable for you below:
With the growth of online shopping, starting your e-commerce business can be a lucrative business opportunity in Dubai. Online fashion stores, grocery stores, and bookstores are some of the famous options for low-cost businesses in Dubai. You can also use online platforms, like Shopify or WooCommerce to set up your online store instantly and easily.
You might be surprised to know that digital marketing agencies and businesses with online presence face a shortage of content writers and copywriters in Dubai. Therefore, you should start giving content for websites, social media posts, and blogs. After developing a reputation, you can start a group of content writers and copywriters to expand your services to companies and digital marketing agencies. With timely deliveries and creditability, you can grow your business to new heights. These businesses are considered low-risk and high-profit businesses in Dubai.
Lastly, you can also start an HR and recruiting service because it falls under the category of low-investment businesses in Dubai. You might be delighted to know many companies need help for recruiting new candidates and often outsource them. Therefore, you should consider starting your HR and recruiting business in this Emirate to earn enough profit with low investment.
Let us look at the steps to start your business at a low investment 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.
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.
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.
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.
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.
Our Success lies in honestly and integrity which are used as motivational factors to inspire us to arrive at success as well as prosperity for the company plus our customers.
18,000
20
175
High Tech