Willing to start a business in Dubai?

But having low-budget

This is one of the main issues faced by entrepreneurs who are looking forward to creating a stir in the market, with their business idea, but due to low finances, they are unable to kick-start the business.

There are multiple factors that are associated with starting with a business, and if you want to make it successful, then you need to consider a few of the facts, that are going to be covered in this post.

Take a look at this post further…

Free zone

Yes, not many of us know that there are two major zones; free zone or mainland setup.

When you decide to proceed ahead with the business set-up and here free zone setups will make it a much cost-effective option for you. In the free-zone, there are other advantages as well, that cannot be ignored.

Here, you will get the prime benefit of the UAE’s zero percent tax rate, and you can also take advantage of full customs tax exemption. Also, there are no currency restrictions as well.

Select a local sponsor, a UAE national for local business startup

You must know when you are planning to start a business in Dubai getting a local sponsor, will be the best choice.

With a local company, you experience the freedom to locate the business anywhere in the city. You get a sponsor, that must be paid a yearly fee that can be negotiated.

International Free Zone Authority (IFZA)

The International Free Zone Authority (IFZA) is the cheapest general trading company license in the UAE. It is the free zone and lets you experience the fastest global investment hub.

It is a cost-effective business incorporation solution

You get a fast & easy incorporation and company management

Provides a massive range of business activities including consultancy, service, and trading options

Does not require any sort of physical presence in the UAE

Brings 100% exemption from corporate and income taxes

No need to share capital requirement

Brings the ability to incorporate holding companies

With IFZA, you get the support the business sustainability as part of its main focuses

Let’s you practice the most environmental-friendly practices, that further encourage the entrepreneurs to sustain in a safe, green community.

Also, with this very free zone, it becomes ideal for those with inclination to a sustainable lifestyle.

Sharjah Media City (Shams)

Shams- Sharjah Media City, was established in 2017, and today it is one of the fastest-growing media free zones in the UAE. With Sharjah Media City, you get multiple benefits such as:

You receive a massive range of business activities available on one business license

Helps you attain the company documents issued within days

It doesn’t require any physical presence

Let’s you relish the allocation of up to 6 visas on shared desk facility

You get the opportunity to appoint corporate directors and corporate managers for your company

It is only at a distance of 15 minutes away from Sharjah International Airport and 30 minutes from Dubai International Airport

With Shams, you experience a thriving ecosystem for the entrepreneurs

You can set up the low-cost business setup solutions for startups

Ras-Al Khaimah Economic Zone (RAKEZ)

Ras-Al Khaimah Economic Zone (RAKEZ)is a cost-effective body in the UAE. That covers both free zone and non-free zone business setup. There are multiple benefits to be attained from them, such as:

Provides access to logistical hubs and highways

Let’s you expand via an international spread of regional offices

You can reach to the customer portal

Expedites the business setup process

Various options and facilities available

Gives you an option to register free zone and non-free zone companies

With RAKEZ, you get some pf the most advanced facilities and infrastructures

You get a vast community of freelancers, startups, SMEs, multinational companies, and capitalists from the Middle East, Africa, Europe, and Asia.

More tips to start your low-cost business in Dubai

You should know that the cost of business setup in Dubai eventually differs on the basis of different factors. However, if you have got a shoestring budget, then it is not impossible to be achieved.

Be smart enough to process your application;

Any wrong or error in the application can lead to delay or rejection;

Let the company formation expert to learn about the basic documentation;

Manage your license and visa applications, communicating with all relevant departments and authorities.

Techugo- a Best Mobile Application Development Company in Dubai, UAE, helps you to gain a phenomenal hold in the industry, with an efficient app solution.

Give us a call to help you understand how a mobile app can let your startup venture to grow and flourish effortlessly.