22 August, 2023

Dubai Freezone Company Setup Cost

cost of company setup in freezone

Dubai has been one of the top priorities for people who want to get started with their business setup. Due to the benefits such as a diverse business environment and prime location, the number of businesses being setup in the region are increasing immensely.

The presence of free zones in Dubai has helped people grow their business here while saving custom duty costs and getting a cost efficient business setup. This blog takes into account the cost of setting up a Dubai free zone company.

Cost of Starting a Free Zone Company in Dubai

Setting up a company in a Dubai Free Zone entails various costs that can differ significantly based on the chosen Free Zone and the type of company. Here are key factors to consider:

  • Registration Fees:

These one-time fees are paid to the Free Zone for business setup. Costs start from approximately AED 3,500 and vary depending on the type of company being registered.

  • License Fees:

Fees for the chosen business license, which depends on the primary business activity. Renewal fees may differ from initial license fees, generally ranging from AED 10,000 to AED 50,000 annually.

  • Visas:

Initial visa costs for business owners and their families vary between AED 3,000 to AED 6,000 per person, inclusive of renewal fees, lasting one to three years.

  • Office Space:

Office space options include flexi-desks, co-working spaces, serviced offices, and multi-storey offices, with costs starting from approximately AED 15,000 to AED 20,000 annually. Prices depend on factors like location and office type.

It’s essential to research average office costs in preferred areas for accurate information. Some Free Zones offer bundled packages including registration, licenses, and office space at competitive rates. Special rates for start-ups or Free Zone residents may also be available, varying between Free Zones.

What are the processes that need to be paid for when setting up a company in the Dubai freezone?

Setting up a business in Dubai free zones requires a few steps. These steps require payment as well. Although the charges are nominal, it is essential to ensure that you keep your budget setup accordingly. The parts of the business setup that require payment are-

  1. Company registration fee– When registering your company, a nominal setup fee is charged to proceed with the business setup and other steps.
  2. Licence fee – The license fee is charged based on the type of license you opt for and is essential for processing your company license without which you cannot proceed with your business setup.
  3. Office fee – Getting an office space is important to get your business setup and get started with its operations. The office fee depends on the freezone of your choice. Many Free Zones also provide license with virtual offices, so you can start with less investment.
  4. Share capital – The share capital requirement depends on the company you are setting up and the place where you are setting up your business.
  5. Residency Visa – If applicable.

How do the costs of business setup in different free zones differ from each other?

The cost of business setup in different free zones depends on a variety of factors. The free zones have various benefits and the costs of business setup therefore depend on the same. The cost can be better known with the help of a business setup consultant in the UAE. They can help you get the cost according to your specific needs.

What is the cost of business setup in a Dubai free zone?

Every business is unique and so are their needs. The needs of the business setup in Dubai decides the cost of the setup in Dubai free zones. There are various free zones in Dubai and the cost of business setup in each one of them differs. To know the cost of business setup in the free zone of your choice, use the RadiantBiz cost calculator. Our cost calculator provides you with the estimated cost of your business setup so that you can proceed with your dream business setup.

What are the steps of using the RadiantBiz cost calculator?

The RadiantBiz cost calculator can be used by following a few easy steps. These are as follows-

  1. Choose your business activity
  2. Select the number of residence visas that you would require for your business setup
  3. Provide your information to calculate the cost of your business setup
  4. Plan your budgets and funds
  5. Get started with your business setup

How can RadiantBiz help?

RadiantBiz can help you set up your business in a Dubai freezone with the help of our 12+years of experience and 100+ successful business setups. Our experts will help in giving you the best business setup services. We understand that every business and every entrepreneur is unique and thus provides a tailor made solution and strategy for your business setup in the UAE. We ensure that you do not leave any process incomplete and thus help you spend less. Our experts ensure that your business setup process is taken care of and allow you to focus on the more important and interesting parts of your business. Contact us to get started with your free zone company setup.