Which is the cheapest trade license in the UAE?
The UAE has numerous free zone regions that offer cheap trade licences. With guidance from our team of specialists at GBO, we will take you through all the details of how to get the right business licence along with the requirements and all other relevant details.
The International Free Zone Authority (IFZA) is the cheapest free zone in Dubai that does require visas.. We can help you set up a virtual office space Flexi desk for a year in one of the inexpensive office spaces on the UAE mainland, based on the needs of your budget and business requirements. IFZA provides a wide choice of commercial activities to foreign investors. It offers business owners first-class amenities and a great number of commercial infrastructures.
It serves as a hub for global trading firms whose operations depend on logistics. It gives foreign investors more than two thousand different business activities to choose from for their operations. You can also easily scale-up your business scope with the services provided in this free zone.
What is the cheapest free zone in the UAE?
Choosing the right free zone is the most important first step when you are setting up a business in the UAE. It’s important not to choose just on the basis of cost, because other factors will make a difference when it comes to the success of your enterprise. For example, the Sharjah Publishing City Free Zone offers the cheapest trade licence in the UAE, but it requires a visa as well.
Other specific documentation like the company’s Memorandum of Association, Business Activity Certificate and Certificate of Formation have to be drawn up as well, adding to the total cost. Also, only three specific business activities are permitted for the operations, and only five shareholders can hold a stake in the company.
The IFZA is a more expedient choice for entrepreneurs seeking to launch their companies in the UAE. Located in the heart of Dubai, it provides all the modern infrastructures required, like commercial offices, coworking space, warehouse storage facilities, retail space and more along with a supportive regulatory environment. It offers many measures that encourage the growth and success of companies.
Investors can take advantage of a variety of benefits of free zones in Dubai, such as
- Cheap free zone licenses
- Availability of visas
- 100 percent ownership of the business entity
- Fast business setup
- Full profit repatriation without personal tax
What is the best free zone in the UAE?
To choose the best free zone in the UAE to start a business, you should take into account all of the specific requirements of your own business.
Some of the are as follows:
- Requirements for office space
- The free zone’s location
- Your own business activities
Investors are searching for ways to reduce the startup costs of their enterprise. The UAE’s free zones can have access to a wide range of commercial activities and kinds of licences. The least expensive business licence in the UAE is available to investors in Dubai. Other free zones in Ajman, and Sharjah were also offering the cheapest free zone licence in UAE in 2023.
How do you set up a free zone company in the UAE?
When we apply on your behalf, we require you to supply the following:
- A copy of the passport of each shareholder
- The business licences to operate in Dubai issued by the Dubai Department of Economic Development (DED). They have approved more than 2,000 industries
- Documentation of the selected business name. The UAE has very specific rules for naming a business, like the name of your Dubai must not contain any derogatory, offensive, or blasphemous words, or make any religious reference to Islam.
The cost of a commercial license in the United Arab Emirates can vary based on a number of factors, including the type of business activity, the emirate in which the business is located, and the size of the business. However, there are a few generalizations that can be made regarding the cost of a UAE trade license.
First, the cost of a commercial license in the United Arab Emirates is typically lower for smaller businesses. A sole proprietorship or a small LLC with a few employees, for instance, will typically pay less for a business license than a large corporation with hundreds of employees.
In certain free zones, the cost of a trade license in the UAE may be lower. Free zones are zones designated for the operation of businesses with favorable tax and regulatory conditions. Some free zones offer reduced trade license fees, making them an attractive alternative for businesses seeking to cut expenses.
Last but not least, it is important to note that while a cheaper trade license may save you money in the short term, there may be other costs associated with doing business in the UAE that you will need to consider, such as visa fees, office space rental, and employee salaries. Before deciding to start a business in the UAE, it is always prudent to conduct research and speak with a knowledgeable advisor.
FAQ
Which is the cheapest trade license in Dubai?
In the whole of the UAE, Meydan has the cheapest trade licence, with no visa. In Dubai, the International Free Zone Authority (IFZA) has the cheapest trade licence in the UAE and requires a visa.
What is the cost of a trade licence in Dubai?
A general trading licence in Dubai will cost between 7,000 to 10,000 euros, depending on a number of factors, such as the location of the free zone, the corporate structure (sole trader, partnership or LLC) etc.. A company like this can operate anywhere in the United Arab Emirates.
Which is the cheapest free zone licence in the UAE 2023
Free zone licence costs vary widely across all of the emirates, and also between individual free zones within a single emirate. For example, in Dubai, there are more than 40 separate free zones, and the costs vary by hundreds of percent. The most important choice for an investor to make is whether the free zone suits the company’s needs, in terms of the areas of business you are allowed to operate in, the facilities offered by the free zone, the visa requirements and much more.
