The office is an integral part of every business. The modern inventions like messaging apps, video services, and cloud computing have reduced the need for a physical office for small businesses. But the rules in UAE have made it mandatory for companies in both mainland and free zones to rent an office. The only way you can avoid this necessity is by setting up an offshore company as office space is not required in this case. It is one of several advantages for the UAE offshore company.
Though, this requirement of office space will increase the cost of startup business but surviving this slightly difficult period increases the chances for growth of your business. You will be able to get tax free profits and other incentives provided by the UAE for foreign entrepreneurs.
In different emirates of UAE, you can rent offices of various prices according to your requirements. In general, the prices of offices in major cities of UAE are less as compared to most of the other developed cities in the world like London, New York, Tokyo, Beijing, Singapore, and Mumbai.
Types of offices in UAE:
You can choose an office for your new company in UAE based on factors like company registration in a free zone or mainland, time of lease for a room, a specific location, size of the room and others. You will only need a ‘smart desk’ in case of your company in a free zone but renting a bigger office space is required if you want to expand your business. The following are the main types of offices that you can acquire in the UAE for a new company.
This office is owned and managed by a third party. You will get all the requirements of your business (like phone, desks, internet access, etc.) immediately after renting the office and the cost of these services will be adjusted on a monthly rent.
These premises provide affordable options for perfect office space and the environment for a new company. These serviced offices are easily available for rent and you can open your company in such offices in just a few days.
You can have other benefits of such offices as most of these serviced offices are owned by international chains and members of all these offices can use their other premises in different parts of the world. If you are setting up your business in mainland UAE and want to reduce your initial costs then these serviced offices are best for you.
You can have other office options if you are setting up your business in mainland UAE. These onshore companies can use sublets, mixed-used buildings (both residential and commercial use) and shell & core (offices that require decoration and fitting) for office purposes. A benefit for onshore offices is that you can use these offices for longer rental periods whereas you are required to sign a minimum length of contract in other offices. You can even get discounts on rent for an agreement of longer periods in these onshore offices.
But it should be remembered that bills for services are the most important part of rents and you have to pay them in the first occurrence on most of the occasions. Most of the time, you will require decoration and furnishing of your onshore office. In the case of longer agreements, you may also suffer higher fines for early termination of rent.
Serviced offices are good for those who want to pay a fixed rent for a longer period of the lease.
Free Zone Offices:
These offices are present inside free zones. There are rules in these free zones that you may require a minimum amount of space in case of employees and you are required to rent an office according to your license jurisdiction, visa, and business activity. Different free zones allow specific types of business. Few of these specific free zones are media-free zones (Dubai Media City, Shams, etc.), health free zones (Dubai Health City) and others. These free zones offices provide the best option for you if your business is in a free zone and they will provide appropriate office space and facilities for you according to your business requirement.
These are the major types of offices that you can find in UAE for your new company. Details of all these offices are given above through which you can select the office according to your requirements and expenditure you can afford. For further queries, you can communicate with Riz & Mona Consultancy that provides business advisory for every type of business in UAE. You can call our WhatsApp # +971-4-5586339.
This post is fantastic and so much to know about office requirements for new company. Great work keep it up.