Dubai LLC formation cost
Whether you are in the UAE or any country in the world, it is easy for you to carry out your business setup in UAE. There are various options available for your business incorporation in the free zones, Mainland and Offshore jurisdictions, it all depends on the type of business activities you intend to carry out under your new company.
Most companies in the UAE are regarded as Limited Liability Companies (LLC) where the liability of the shareholders is limited to the money or shares which they have invested in. These shareholders can be a minimum of 2 and a maximum of 50 people.
LLC is also the legal entity or prefix used after a company name in some free zones, offshore or Mainland jurisdiction.
When comparing free zones in the UAE, Dubai LLC company formation cost is higher than the free zones in the Northern Emirates in the UAE. The average license for Dubai LLC formation cost is around 15,000 AED. One of the most affordable free zones available in Dubai is in Dubai South, also known as Dubai World Central (DWC)
DWC free zone
It is located next to Al Maktoum Airport and has a high influx of people that come in for business and vacation purposes. It offers office facilities from a flexi desk, which is a shared space in an office, to plots of land.
It also offers a wide range of business activities as well as different licenses such as commercial, service/consulting and manufacturing.
DWC company formation takes around 2 weeks to be completed. It requires the physical presence of the company’s shareholders in the middle of the registration to meet with the free zone authorities to sign the company registration documents and verify their signatures.
However, there is an option to use a Power of Attorney (PoA) which has to be legalized in the UAE embassy and the Ministry of Foreign Affairs in Dubai.
The license which comes with a smart desk facility and is eligible for 2 UAE resident visas costs 30,900 AED. This license is expected to be renewed annually as well as the provision of an annual audit for the company.
Looking at the executive office space, you are eligible for one visa for every 9sqm.
DWC UAE residence visas
The costs of the UAE resident visa in this free zone is affordable and is around 3,700 AED (includes Medicals and Emirates ID). The visa is valid for 3 years for both company owners and employees.
Health insurance is mandatory before your visa is stamped in your passport. Depending on your preference, you can get health insurance for as low as 600-800 AED.
For you to begin the registration in DWC, you need the following:
- 3 options of the company name in order of preference
- Passport copy
- Residential address, email and phone number
- Utility bill as residential address proof
DMCC free zone
Another option to consider if you are looking to incorporate a company in Dubai is in Dubai Multi Commodities Centre (DMCC). DMCC trade license is highly reputable and prestigious, and this makes it one of the most expensive free zones in the UAE.
IFZA free zone
If you don't know how to start a business in Dubai, you should consider registering your company in International Free Zone Authority (IFZA). The company formation takes 2-3 working days to get the license issued. It can be registered remotely and there are no annual audits or capital requirements.
IFZA is an easy LLC formation that offers pocket-friendly fees with hassle-free procedure for the company license registration.
This free zone allows you to combine both service and trading activities in one license for free and they have a broad list of business activities for you to choose from.
They also provide shared office spaces for rent in Dubai.