Dubai is one of the core spots in the UAE to attract investors. Apart from being known for its architecture, Dubai is known for its opportunistic business environment. Dubai’s location, tax benefits, free zones, developing economy are few factors that attract foreign investors and foreign investments. So what business should you start? What is the cheapest business plan? How much will it cost to set up the cheapest business? Let's find out below.
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1. Set up company in the mainland for AED 675/- The activity is not a constraint but you can choose anything you wish to kick start. General Trading company is issued under the name of local in the emirates of Abu Dhabi for 2 years. Essentially, we pay only less than 350 AED for a year. This is called the Tajer Abu Dhabi license. This has full provisions available such as we can set up bank accounts, immigration files, RTA files, and labor files. The attraction doesn’t need any physical office. Professional activities are directly issued to all ex-pats.
2. Business set up in Dubai mainland for an amount of AED 15,000/-This is same as Abu Dhabi, a venture initiated by the Govt. of Dubai to have the opportunity for everyone to do any sort of business and make a good impact in the economy. Professional activities are directly done or given to all expats but commercial activities are vested with local nationals. This is a good idea for E-commerce.
3. E-commerce license for AED 10,000 in the mainland of Dubai. This is an opportunity for everyone to become part of a growing industry. This is eligible and fit to make a bank account also.
4. Ajman media city free zone provides a license for one year for 6500 AED. This is 100% owned by expat and considered as one of the cheapest free zones providing licenses in the emirates. This company has full potential.
5. SAIF Zone, a renowned free zone provides business set-up opportunities for everyone at the cost of 10300/- which covers provision to apply for visa, office, and other corporate facilities. Ideal to start the business. Visa restrictions are not reported so far. Security check is applicable to investors from Arab countries, and sanctioned countries.
6. Business set up in Dubai, bank account, VAT certificate, Correspondence address, local sponsor for representation, inspection facilities, etc available for an amount of AED 20,000/-
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