Let’s analyse the cheapest way to open a company in Dubai
We have already discussed in a previous article how to connect with other entrepreneurs in Dubai. Find it here: article. However, being an entrepreneur means you probably have a company. If you do not have one yet, you are reading the right article. In fact, let’s talk about which is the cheapest way to open a company in Dubai!
Let’s start dividing 2 main concepts about having a company in Dubai. You can be the owner of a mainland company or the owner of a freezone company.
For as much as we could talk about the difference, let’s just summarize it. Leaving the discussion for another article.
Mainland company is a company founded in UAE and without a specific geographic limitation. The company can conduct business in all UAE and it is subject to UAE laws. The company has to be owned for its 51% by an Emirati citizen. Just to clarify, a citizen is a person who owns the passport of UAE. Having a VISA means you are a resident and not a citizen, therefore it is not enough.
Why to open a mainland company?
Having a mainland company allows you to conduct business in all UAE areas (except for the freezones). It is useful if you have a physical business such as a restaurant or shop. It is also useful if you want to open an office in an area of the city which is not in a freezone. For Example Dubai Marina or Downtown.
On the other hand, Freezones company are companies you can found in a specific area. There are multiple freezones spread around UAE. Every FreeZone has its main activity of business. For example you have Media City freezone focused on Media. Dubai World Central freezone is focused on shipping. There is internet city focused on internet. You got the idea.
Why to open a Freezone company?
Freezones are under UAE laws but they also benefit from specific status and specific laws. Therefore it might be easier to deal with a problem in a free zone. Moreover, freezones companies can be owned 100% by a foreign person. However, having a freezone company means that you can run your business only within the physical borders of the freezone. Which, if you are a digital company is okay to do, but if you need an office in the city center might be a problem.
Moreover, mainland companies are way more expensive both to be founded and to maintain them every year. Bureaucracy is also more complex and you need to find the Emirati partner.
The cheapest way to open a company in Dubai is to open a Freezone company.
There are multiple freezones and different requirements to be answered to in order to open one. However, they are really cheap if you can access to the right promo.
Opening a Freezones company starts from 7.500aed.
You don’t need to pay more than that a part the case in which you need a complex setup or a licence to run a specific business. We have partnered with SHAMS media city directly. Therefore you do not need to pay the commission to strange consultans or companies that only want to monetize you.
You can get the special price clicking here and leaving your details: APPLY HERE. A member of Shams will call you in 24 hours directly.