What is the process and cost of starting a business in Dubai?

 Starting a business in Dubai involves several steps and costs, and utilizing a business setup company like Golden Services LLC can streamline the process. Here’s an overview of the process and costs involved:

1. Business Activity Selection: Determine the type of business activity you want to undertake in Dubai. This could be trading, manufacturing, professional services, etc.
2. Legal Structure Selection: Choose the appropriate legal structure for your business, such as a Limited Liability Company (LLC), Free Zone Company, Branch of a Foreign Company, etc.
3. Trade Name Reservation: Reserve a trade name for your business through the Department of Economic Development (DED) or the relevant free zone authority.
4. Memorandum of Association (MOA): Draft and notarize the Memorandum of Association (MOA) outlining the details of your business activities, ownership structure, and other key information.
5. Obtain Initial Approval: Obtain initial approval from the DED or relevant free zone authority for your business setup.
6. Choose Business Location: Select a suitable location for your business, whether it’s within a free zone or in mainland Dubai.
7. Office Space: Depending on your business setup location, you may need to lease office space. Free zones often provide flexible office solutions.
8. License Application: Submit your license application along with all required documents to the DED or relevant free zone authority.
9. Visa Processing: Apply for visas for yourself and any employees or partners. This may involve medical tests and Emirates ID processing.
10. Additional Approvals: Depending on your business activities, you may need additional approvals or permits from other government departments or regulatory bodies.

Costs involved in starting a business in Dubai may include:

• Trade name reservation fee:
• Initial approval fee
• License fee
• Office rent
• Visa fees
• Sponsorship fees (if applicable)
• Legal and documentation fees
• Any other miscellaneous costs related to specific approvals or permits
• Total cost will be Approximately AED 12500

Golden Services LLC can assist with all aspects of the business setup process, from initial consultation to license issuance. While they may be a reputable business setup company in Dubai, it’s essential to conduct your own research and compare services and costs from multiple providers to ensure you’re getting the best value for your investment.

It’s recommended to contact Golden Services LLC directly for a customized quote based on your specific business requirements and to inquire about their services and fees.