Setting up a mainland company in Dubai is a strategic move for entrepreneurs looking to tap into the vibrant market and enjoy the city's numerous business opportunities. However, understanding the costs involved in mainland company formation is crucial for effective planning and budgeting. This blog provides a detailed overview of the mainland company setup cost in Dubai, highlighting the key factors that influence these expenses.
Mainland Company Setup Cost in Dubai
The cost of mainland company formation in Dubai generally ranges between AED 15,000 and AED 35,000. However, these costs can vary based on several factors, including the type of business license, the size and nature of the business, the specific business activities, and other related requirements. Below is a breakdown of the typical costs associated with setting up a mainland company in Dubai:
1. Business License Fees
The type of business license you need depends on your business activities. The Department of Economic Development (DED) in Dubai issues various types of licenses, including commercial, industrial, professional, and tourism licenses. The cost of obtaining a business license typically ranges from AED 10,000 to AED 15,000.
2. Initial Approval and Name Reservation Fees
The initial approval and name reservation fees usually amount to around AED 1,000 to AED 3,000. These are required to secure your business name and get initial approval from the DED.
3. Memorandum of Association (MOA) Drafting and Notarization
Drafting and notarizing the Memorandum of Association (MOA) can cost between AED 2,000 and AED 3,000. The MOA outlines the company's structure and ownership details.
4. Office Space Rent
Renting an office space is a mandatory requirement for mainland companies in Dubai. The cost of office space varies significantly based on the location, size, and type of office. On average, you can expect to spend between AED 5,000 and AED 100,000 annually for a small to medium-sized office.
5. Local Sponsor Fees
For some business Activities requiring a local sponsor, the annual sponsorship fees range from AED 5,000 to AED 25,000. This fee is paid to the local Emirati who holds 0 to 51% of the company shares.
6. Government and Administrative Fees
Additional government and administrative fees may apply, including trade name registration, attestation, and initial approval fees. These can add up to AED 3,000 to AED 10,000.
Factors Influencing Mainland Company Setup Costs
Several factors can influence the total cost of setting up a mainland company in Dubai:
Business Activity: Specific activities may require special approvals or additional licensing, affecting the overall cost.
Office Location: Prime locations or larger office spaces can increase rental expenses.
Company Size: Larger companies with more shareholders or employees may incur higher setup and operational costs.
Visa Requirements: The number of visas required for employees and shareholders can impact the total cost, including visa fees and processing charges.
Comprehensive Business Setup Services
At Amazon Attestation and Documents Clearing, we offer end-to-end solutions to streamline your business setup process in Dubai. Our services include:
Business License Acquisition: We assist in obtaining the necessary business licenses for your specific activities.
Office Space Solutions: We help you find suitable office spaces that meet DED requirements.
Local Sponsor Arrangements: We provide reliable local sponsor services to ensure compliance with UAE regulations.
Bank Account Opening: We facilitate the process of opening a corporate bank account for your business.
Document Clearing and Attestation: Our team handles all necessary document clearing and attestation to ensure a smooth setup process.
Why Choose Us?
As Dubai's leading business setup service provider, we ensure a hassle-free experience for entrepreneurs and businesses looking to establish a presence in Dubai Mainland. Our expert team offers personalized support and comprehensive solutions tailored to your business needs.
For more information or to get started with your mainland company setup, contact us today:
Call: +97143300011
Email: info@uaeadc.com
Conclusion
Understanding the costs involved in setting up a mainland company in Dubai is essential for effective financial planning. By partnering with a reliable business setup service like Amazon Attestation and Documents Clearing, you can ensure a smooth and efficient process, allowing you to focus on growing your business in Dubai’s dynamic market.
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