What is the cost of free zone company setup in Dubai?

You are a businssman and planning to setup a business in UAE. We all know that the first questions that comes to mind before anything else is, “How much money I need to successfully start a business in Dubai?”. That’s why in this article, we will be explaining in brief the costs and things to consider for free zone company setup in Dubai.

Various factors can influence the cost of setting up a free zone company in Dubai. Primarily, the cost may vary based on the size of the business, with larger companies incurring higher fees. Moreover, the free zone of your choice can also impact the cost, with some free zones imposing higher fees than others. Thus, prior research on the appropriate free zone can help you save costs.

Office space is another cost to consider when setting up a free zone company in Dubai. For example, a range of office space solutions are available in Dubai South Free Zone, catering to various business needs and budgets. Estimated prices for office space in Dubai South Free Zone are as follows:

• Virtual offices: AED 8,000 to AED 12,000 per year
• Co-working spaces: AED 12,000 to AED 15,000 per year
• Serviced offices: AED 25,000 to AED 35,000 per year
• Independent offices: AED 40,000 to AED 60,000 per year

Bear in mind that these prices are estimates and may change based on the office space provider’s size, location, and facilities. So, always research about any changes in rates and compare them to at least 2 to 3 options before making a final decision.

Furthermore, it is also important to note that annual renewal fees for free zones are applicable, ranging from AED 10,000 to AED 30,000, depending on the license type and free zone selected.

Finally, take note that hiring a local agent is mandatory for foreign businesses in Dubai, As such, Skwer Group, a trusted business setup local partner in Dubai, acts as a liaison between the company and the government, assisting with paperwork, approvals, and legal matters. Although the cost of hiring a local agent may vary, so again do your research first.

Key Takeaway

In conclusion, setting up a free zone company in Dubai can be a wise and lucrative business decision. Effective management of costs can be achieved with the right planning and preparation.