Dubai, UAE is the dream place for foreign investors and entrepreneurs to open their new businesses. Not only that, well-established firms and ventures always target Dubai to expand their business. There are countless reasons for choosing Dubai, UAE to set up a new company and people now are aware of it. Some of them include easy business licensing, legal support from the authorities, business-friendly policies, and more.
But there is a little problem, You need a trade license to run your company in Dubai and the cost you have to pay for it is not as affordable as in other parts of the world. In general, people have to raise a good chunk of investment before they can set up a company.
But fret not, there are multiple economical options for new entrepreneurs who have a tight budget. The country has numerous inexpensive economical regions that offer some of the cheapest trade licenses in Dubai, UAE.
This guide will take you through all the affordable business licenses along with their requirements and other relevant details. Read on to find out more information about them and run your company at a relatively low cost.
Table of Contents
Comparison Between Cheapest Trade Licenses in the UAE
|Emirates||Free Zone Name||Cost of Trade License||Why it is Special?|
|Dubai||Meydan Free Zone (without visa)
Dubai Silicon Oasis – IFZA (with visa)
|AED 10, 000 – AED 13,000
AED 10,000 – AED 13,000
Modern IT infrastructure
|Sharjah||Sharjah Media City||AED 4,000 – AED 10,000||Creative Media Center’s Mecca|
|Ras al Khaimah||Rakez||AED 10,000 – AED 12,000||Blessed with a strategic location|
|Jebel Ali||JAFZA||AED 12,000 – AED 14,000||Exclusive industrial and business parks|
Cheapest Trade License in Dubai, UAE
Meydan Free Zone’s license is the cheapest trade license in Dubai with no visa. The price of the license varies from case to case. In general, you can get this license for AED 10, 000 to AED 13,000. You can also get it on monthly interest-free payments for AED 800 – AED 1,100.
The Meydan Free Zone offers more than 1,500 company ventures for investors to choose from, all of which may be created economically, easily, and in no time. Foreign investors find the free zone to be the perfect site because of its close proximity to the Meydan Hotel and the Meydan Racecourse. More significantly, this free zone enables business owners to network and interact while they work.
Cheapest Free Zones in Dubai
For international investors, Dubai’s free trade zones provide a variety of company formation options.
The economical free zones in Dubai offer investors a wealth of commercial infrastructure. Therefore, starting a business in Dubai is a great option because there are cheaper fees for setting up a startup.
Below-mentioned free trade zones in Dubai will give prospective investors all the necessary business infrastructure.
International Free Zone Authority (IFZA)
The cheapest free zone in Dubai is International Free Zone Authority (IFZA). It provides a free Flexi desk for a year and a free-for-life resident visa. The free zone also provides a cheap company license in Dubai that doesn’t require visas. This is currently one of the top-of-the-line and most affordable free zone license options in Dubai.
The investors are exposed to a variety of latest office options that meet international standards. There is a warehousing facility in this free zone that was constructed to the best logistical standards followed worldwide. For investors who want to keep their operational costs to a minimum, IFZA also provides Flexi-desk and flexible renting alternatives. It is one of the most well-liked free zones and is anticipated based on foreign investor preferences.
Dubai Meydan Free Zone
The next affordable yet modern free zones of Dubai is Meydan free zone. This economical zone is one of the best places to find inexpensive office space in Dubai. A No Objection Certificate to open an office space anywhere in Dubai, UAE is also offered by the free zone.
International investors benefit greatly from the abundance of inexpensive office spaces on the UAE mainland. They can select their office space based on the needs of their budget and unique business requirements.
This free zone is the ideal hub for foreign investors due to its location inside the Meydan Hotel and next to the Meydan Racecourse. Above all, Meydan free zone provides cheap licenses of different types and a variety of commercial activities to foreign investors. Whatsmore, business executives can network and interact with others in this open space while working together on the projects.
Dubai CommerCity trade zone in the United Arab Emirates is also a new economic zone. It offers business owners first-class amenities and a great number of commercial infrastructure. The free zone is close to the Dubai International Airport. It serves as a hub for global trading firms. Whatsmore, it is perfect for companies whose operations depend heavily on logistics.
Additionally, Dubai CommerCity provides multi-year business license packages for 2, 3, and 5 years. It gives foreign investors above 2000 different business activities to choose from for their firm. Investors can readily scale up their business initiatives with the assistance and services provided in this free zone.
Cheapest Trade License in UAE
The Sharjah Publishing City Free Zone in Sharjah offers the most low-cost trade license in the UAE that requires a visa as well. For only a small amount, they offer a trade license with one visa allocation. Memorandum of Association (MOA), the business license, Share Certificate, Business Activity Certificate, and Certificate of Formation are all part of the setup package. In this package, up to three business activities and five shareholders are permitted.
The SPC free zone is the simpler, wiser, and more expedient choice for entrepreneurs seeking to launch their companies in the UAE. Located in the heart of Sharjah, this free zone offers a variety of modern infrastructure amenities such as commercial offices, coworking, storage, retail, etc. in a supportive regulatory environment. In addition to that, it offers a full business environment with many measures in place to encourage the growth and success of firms. Participants in the industry have a wide range of opportunities because of the economic zone’s connections with prominent commercial and governmental organizations.
What Makes Free Zones of Dubai so Popular with Investors?
Investors can take advantage of a variety of benefits of free zones in Dubai. The popularity of a free zone in the UAE is determined by a number of factors. The most crucial and beneficial features of free zones in Dubai are:
- Cheap free zone licenses
- Availability of visas
- 100 percent ownership of the business entity
- Instant and effortless business setup
- Profit repatriation
- Secure banking system
- Zero tax environment
- Top-class infrastructure
The most popular and cheap free zones in Dubai are the number one option for service industries, general trading, consulting, and the list goes on. Additionally, investors see Dubai as the hub of every operation of their company. The location of the Dubai International Airport is a major hook for businesses that offer consulting and services. Setting up your firm in Dubai also directly benefits your freedom to travel the world.
Free Zones in Dubai are undoubtedly expensive to set up a business. But Dubai’s cost-effective free zones provide affordable trade licenses and superior business establishment options to help you launch your dream business.
The least expensive company formation in Dubai starts at a little fee. In Dubai right now, the Dubai Meydan Free Zone is the best location to start a cheap business.
Which is the Cheapest Free Zone in the UAE?
When choosing the cheapest free zone in the UAE to start a business, there are many things that you should take into account. Some of these factors are as follows:
- Requirements for office space
- Free zone’s location
- Your business activities, etc.
Sharjah Media City is the UAE’s least expensive free zone at the moment. A media license is required to conduct business here. It is available from Sharjah Media City for a reasonable amount.
In general, investors are constantly searching for ways to reduce the startup costs of a company. Investors in the UAE’s free zones can have access to a wide range of commercial activities and kinds of licenses. The least expensive business license in the UAE is available to investors for establishing a firm in the Free Trade Zones in the Northern Emirates. Free Zones in Dubai, Ajman, and Sharjah are offering the cheapest company license.
FAQs – Frequently Asked Questions
Which is the cheapest trade license in Dubai?
Meydan Free Zone’s license is the cheapest trade license in Dubai with no visa. Sharjah Media City offers the cheapest trade license in the UAE with a visa.
What is the cost of a trade license in Dubai?
The cost of a trade license in Dubai varies from one free zone to another. It is also different in different mainlands. You should get in touch with a business setup consultant such as Riz and Mona to get the exact cost of a trade license in Dubai.
Which Free Zone is the cheapest in UAE?
Sharjah Media City is the cheapest free zone in the UAE right now. There are many cheap free zones in Dubai, and Ajman as well.
How much does a general trading license cost in UAE?
A general trading license cost in Dubai, UAE ranges from AED 30,000 to AED 40,000. The cost of the license is dependent on a number of factors. It can be used as an official holding structure within the United Arab Emirates and tons of other legal licensing authority bodies.
What is the cheapest license in UAE?
AMC and Sharjah free zones offer the cheapest license in the UAE. Although the cost of the license depends on different factors, their licenses are known to be the most affordable ones in the UAE.
To summarize, some trade licenses require a visa, and others don’t. The cheapest trade license in UAE that doesn’t require a visa is Meydan’s free zone license and the one that does require a visa is International Free Zone Authority (IFZA).
For more information about the costs of trade licenses in the free zones of Dubai or other Emirates of the UAE, you can contact us. Riz and Mona not only offer a complete cost breakdown of every free zone but also help with the process of acquiring any trading license. So, waste no more time, book your free slot now and seek guidance from experts to obtain your business license without any trouble.