A business trade license in Dubai will cost you anywhere around 15,000 AED to 50,000 AED (approx.) or even more!
A general trade license in Dubai costs around AED 30,000 to AED 40,000, depending upon several factors. It can also be used as legal holding structure within the UAE and other licensing authorities.
Limited Liability Company
List of 30 Profitable Business Ideas In Dubai With Low Investment
- #1. Advertising. Dubai is a very potential market for advertising professionals.
- #2. Apparel. Dubai is famous for fashion apparels.
- #3. Arts & Crafts Making.
- #4. Automobile.
- #5. Beauty.
- #6. Bookkeeping.
- #7. Computer Related Businesses.
- #8. Consulting.
20 Best Small Business Ideas for UAE
- Restaurant/Cafe:
- Home Cooked Food Delivery:
- Luxury Travel Deals & Discounts:
- Property Management:
- Recruitment Agency:
- Day care/Childcare Business:
- Maids & Cleaning Services:
- Handyman Services:
How to Apply for an LLC
- Choose a business name.
- Check the availability of your business name.
- Register a DBA name (optional).
- File your LLC's articles of organization.
- Designate a registered agent.
- Draft an operating agreement.
- Publication Requirement.
- Obtain business permits and licenses.
Foreigner investors can either setup LLC or a branch company in a free zone. Companies with only 1 shareholder can register as a free zone establishment (FZE). Companies with 2 to 5 shareholders can register as a Free Zone Company (FZC). Most free zones in Dubai need at least 2 shareholders.
Free zone jurisdictions do not permit companies registered under free zone authorities to do business in Dubai Mainland. Apart from this, free zone companies may do business in Dubai Mainland through a civil work company, limited liability company or establish a branch office.
Since the 19th century, there have generally been three forms of business entities: Sole proprietorship. Corporation. Partnership.
A limited liability company (LLC) is a corporate structure in the United States whereby the owners are not personally liable for the company's debts or liabilities. Limited liability companies are hybrid entities that combine the characteristics of a corporation with those of a partnership or sole proprietorship.
How to Choose an LLC Name
- Make It Legal. The most important thing when you're choosing an LLC name is to make sure it's legal.
- Make It Memorable. You want your LLC name to be something people can remember.
- Make It Meaningful.
- Make It Original.
- Make It Distinctive.
- Make It Domain Name Ready.
- Make It Social Media Friendly.
One of the main purposes of an LLC is to provide liability protection for the members and managers. Unlike some other business structures, such as a sole proprietorship, an LLC structure protects the personal assets of the owners from business liability.
Probably the most obvious advantage to forming an LLC is protecting your personal assets by limiting the liability to the resources of the business itself. In most cases, the LLC will protect your personal assets from claims against the business, including lawsuits. There is also the tax benefit to an LLC.
A limited liability company (LLC) structure is the simplest form of legal business structure for business operations. In this LLC setup, the owner would designate persons as officers and directors of the firm. An LLC acts in a way that offers advantages to a company for taxes, profits and losses for its owners.
Small Business Limited Liability Company (LLC)
LLC is short for Limited Liability Company. It's a type of legal business entity that was developed to provide business owners with a lower level of liability. According to the IRS, LLC owners face significantly lower caps on company actions and debts.Co. is an abbreviation for company, a catchall phrase for an association of people working together in a commercial or industrial enterprise, such as in a sole proprietorship, limited liability company or corporation.
Google LLC is an American multinational technology company that specializes in Internet-related services and products, which include online advertising technologies, search engine, cloud computing, software, and hardware. It is considered one of the Big Four technology companies, alongside Amazon, Apple, and Facebook.
UAE Free Zone Residence Visa
The Free Zone is the sponsor of the UAE Residence Visa. This makes the process much more straight forward but means that Freezone visas do not strictly allow the individuals to work outside the Free Zone (i.e. Onshore) as they do not have a full UAE Labour contract.A free trade zone is a geographical area within a country and can be designated or located anywhere within a country. Equally, a company could move their production facilities to another country and import the resulting goods to the free zone without paying customs duties or tax.
Here are the key steps to set up a business in a free zone.
- Determine the type of legal entity.
- Choose a trade name.
- Apply for a business licence.
- Choose an office space.
- Get pre-approvals, register your business and get your licence.
Zone Limited Liability Company (FZ-LLC) Home > Setup Your Business > Free Zone Limited Liability Company (FZ-LLC) This is a company formed as an independent legal entity with its own shareholders. The minimum capital requirement for incorporation depends on the business activity.
In pictures: Top 20 UAE free zones
- Dubai Wholesale City (DWSC)
- RAK Free Trade Zone (RAK FTZ)
- Dubai Silicon Oasis (DSO)
- TwoFour54.
- Fujairah Free Zone.
- Sharjah Airport International Free Zone (SAIF-ZONE)
- Ajman Free Zone (AFZ)
- Dubai International Financial Centre.
Difference between FZE and FZCO:
Free zone Establishments have single shareholder. Whereas a Free zone Company are similar to limited liability company. A free zone company has 2 or more shareholders.A mainland company is an onshore company licensed by the Department of Economic Development (DED) of the related emirate which is allowed to do business in the local market as well as outside UAE without any restriction.
The main difference between Employment visa in Mainland and Free Zone is that Mainland visa is valid for Two Years while the free zone visa is valid for Three Years. While the other things remain the same such as medical, stamping and all, the employment visa.
The cafeteria license cost in Dubai is AED 140,000 to AED 200,000 approximately. Trade license renewal in Dubai can be done yearly from the DED.
To open a grocery store in Dubai or Sharjah, You should have at least AED 35000. These are the charges to get a trade license and Local Sponsor royalty is included. This will be less in Sharjah. Moreover, you have to pay for the shop rent and you need employee visas who will work in your grocery.
Costs to consider when opening a restaurant
However, the average cost of opening a small, independent, restaurant ranges from AED500,000 to AED1. 25mn depending on the size of the restaurant and lease costs. This is based on restaurant space ranging from 500sqm to 1,200sqm.Business Ideas in Dubai: Reach a Plenteous Entrepreneurship
- Restaurant Business. Dubai is a hub for people gathering from all over the world.
- Real Estate.
- Employment Recruitment Agency.
- Courier Business.
- Landscaping Business.
- Security and Personal Protection Agency.
- Transportation Business.
- Travel Agency.
DMCC Free Zone is the largest free zone in the UAE, with more than 15,000 registered members as of 2018. In 2018, DMCC was named number one global free zone for a fourth consecutive year by the Financial Times FDi magazine.
Dubai is investor friendly and starting a business in Dubai is not very difficult. Moreover, when compared to the rest of the world, Dubai is safe, both for residents and investors, which makes it one of the favorite places for investment. The world-famous Dubai metro connects the length and breadth of the Emirate.
Skill Levels
| Company Category | Skilled (Degree Certificate Required Profession) | Unskilled (Secondary and below level Profession) |
|---|
| 1 | 300 AED (81 USD) | 300 AED (81 USD) |
| 2-A | 500 AED (136 USD) | 1200 AED (326 USD) |
| 2-B | 1000 AED (272 USD) | 2200 AED (600 USD) |
| 2-C | 1500 AED (408 USD) | 2700 AED (735 USD) |
Here are the most important steps of starting a business in the United Arab Emirates:
- Select a Business Activity.
- Select the Jurisdiction.
- Decide the Company Structure.
- Name and Activity Approval.
- License your Company.
- Register your Company.
- Find a UAE Local Partner / Sponsor.
- Get your External Approvals.
