Do you want to start a business in Dubai but don’t know where to begin? The first step in
company formation in Meydan Free Zone is deciding which free zone you wish to locate your firm. This might be a difficult decision because there are around 30 free zones in Dubai to select from.
As a result of the number of free zones in Dubai, the most commonly asked question we receive at the Dubai Media City Corporation is: ‘How different are the costs of business formation between the numerous free zones in Dubai?’ This, of course, is a critical factor in determining which free zone to locate your company in.
By breaking down the estimated expenditure before and after your company formation in Meydan Free Zone, we’ll be able to get a better idea of how much it will cost to set up a business and run it in Dubai.
The following are the four most significant fees associated with establishing and operating a business in Dubai.
- Fee for forming a corporation
During the first phases of registering your company, you will be required to pay a one-time registration fee to the free zone administration. The actual charge will be decided based on the firm’s legal structure and, of course, the free zone that has been selected. When it comes to forming an LLC or corporation in a Dubai free zone, the charges are not excessively different; they are often in the region of AED 9,000 to AED 10,000.
- Fee for a licence
When starting a business in one of Dubai’s free zones, one of the most important decisions you’ll make is which business licence to use. The three most common forms of company licences are those for the commerce, service, and industrial sectors. In contrast to the company registration price, license costs are a recurring expense that can range from AED 10,000 to AED 50,000 each year, depending on the type of licence.
Download the ‘Dubai Free Zone Guide for 2021’.
- Fees for the office
Booking an office space in Dubai is a requirement for obtaining your company’s operating licence. A range of workspaces is available in each free zone in Dubai to meet your business needs, including service, bright, and Flexi-desks – which will generally cost between AED 15,000 and AED 20,000 per month.
At DMCC, we provide a comprehensive selection of office solutions ideal for new businesses and start-ups. DMCC, which is located in the thriving community of Jumeirah Lakes Towers, provides:
- Flexi- and serviced desks.
- Co-working spaces.
- Business centres are equipped with various facilities to assist you in establishing and growing your business in Dubai.
- Share Capital (also known as equity capital)
AED 1,000 to AED 1,000,000 depending on the business activities and licences. The minimum share capital amount varies significantly from one free zone to another. In general, the minimum share capital requirement for free zones in Dubai is set at AED 50,000 per company.
