Starting a business in Dubai can be a cost-effective option for entrepreneurs as the city offers a variety of benefits for foreign investors and has a tax-friendly system. However, the cost of setting up a business in Dubai depends on a number of factors, including the type of business, location, and legal and regulatory requirements.
One of the most important costs to consider when setting up a business in Dubai is the cost of acquiring a business license. These fees may vary depending on the type of business and the specific requirements of the Dubai Economic Department (DED). For example, the cost of obtaining a trade license for a small business can range from AED 7,500 to AED 15,000.
Another important expense to consider is the cost of renting commercial space. The cost of renting commercial space depends on factors such as location, size and type of space. Renting a small office in a popular location like Business Bay can cost around AED 45,000 per year, while renting a coworking space can cost around AED 12,000 per year (Property Finder).
ENDB can help you calculate the exact cost of setting up a business in Dubai. Request a free consultation at https://endb.co.uk/