You must have seen ads from business consultancy offering impressive & cheap business setup packages in Dubai. These companies advertise on Google & Meta platforms.
You can get a business license for as cheap as 6,000 AED, right? Yes, that is correct. In fact, you can see an ad for a license quoting as low as 5,500 AED. These are mostly for free zone companies.
It is all true but in reality it can be mostly a marketing ploy. There are hidden costs here. First, you may not get a visa with such a license but if you do then that is going to be an additional cost. Therefore, the business license will cost about AED 10,000 to 12,000 AED in most cases.
Important to note that the business setup companies is likely to charge a service fee that can start from 1,000 AED to 5,000 AED depending on the services you signup for. However, there are some companies aggressively advertising and they only charge a commission from the free zone but not from the client.
Types of business licenses in Dubai
- Freezone Company
- Mainland/DED Company
Freezone company license is a popular choice for those who would like to have 100% ownership of the company, or want to have a tax advantage or selling products to international markets. One of the disadvantages of a free zone company that you cannot do business directly in Dubai’s mainland.
Mainland license also has options to have a company and own a 100% share but this applies only to select segments of businesses. Mainly in this type of business setup you need a local agent to be a partner in the company. However, unlike Free zone license mainland company has not restriction on doing business.
Get a Dubai Business License in 10 minutes
Now it seems unreal to get a license in 10 minutes in Dubai but it is true. It is called the instant license, and you actually get it in 10 minutes.
Dubai instant license is geared towards entrepreneurs and business professionals who would like to complete setup a company immediately. The whole process is efficiently managed online. The applicant requires a residential visa, NOC and a passport copy.
IFZA , Dubai Digital Park is running a summer discount
IFZA is currently running a discount and the package includes:
Free office space
1 visa
up to 3 shareholder
100% ownership of the company share
This offers is till end of August 2023.
