Conceptualize Your Business In Dubai On A Shoestring Budget
15 April 2020
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…
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.
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