Cost of companies in the UAE differs significantly depending on the type of company.
Official registration of the company in the UAE starts with selection and reservation of company name. After receiving trade name, it is necessary to enter into lease agreement or purchase of office or other business premises. For some onshore companies in FTZ virtual address is acceptable.
For offshore companies in the UAE registered address is enough.
Then onshore companies need approval of its business activities from the economics department or administration of FTZ as well as to obtain preliminary approval.
After that it is possible to submit all documents on onshore company and obtain a license.
In most cases, registration of the company may be completed in 3-5 working days, for some types of companies this time can be significantly longer.
In this case, an offshore company in the UAE, if registered in express mode, can be registered within just 48 hours.
If a company in the UAE is onshore it should have a license. The cost of a relevant license depends primarily on the activity of the company and in average is about 15 to 25 thousand dirhams. For some types of activities the license may be either the above mentioned figure and below.
To register a company in the UAE if there is a need to pay share capital, there is no need to block the share capital on the account of the company, and after completion of registration this capital can be freely used for needs of the business.
When considering the total costs of registration and maintenance of the company in the UAE it is necessary to consider main components such as:
- Direct costs on registration itself in the UAE;
- Costs of additional permits - if any;
- Expenses for office – if any;
- Follow-up support and maintenance of the company;
- Costs of documents shipment.
- Costs of audit - if the company falls under the type of companies that needs audit.
Given the large number of input parameters and the type of company, the cost of the company can start from just USD 2.000 - and go up to the amount several times higher.
