Factors Influencing Business Licence Cost In Dubai – A Detailed Guide
Extending your business at national and international level is not an easy task. For this you have to face a number of problems and let down all these barriers. To get a business license you have to pass through many processes. And the Business Licence Cost In Dubai is increasing day by day due to enhanced focus on business setups.
Moreover, when you are running a business setup, especially small business, you have to focus on each and every point. The cost of business licenses fluctuated due to many factors. So, when you are going to get your company registered you should keep this in mind that you have to enhance your budget limits.
Key Factors Affecting The Business License Cost In Dubai
If you are a businessman then you should be aware of the cost of business licenses. But if you are interested in knowing the reason behind the difference between the different types of the licenses then read this article till the end.
Let’s get started!
Business Activity
The first thing that is going to put a huge impact on the license’s cost is the type of business you are running. If you will take a look at the licensing you will get to know that they categorise it on behalf of the activity of the business. Like if you are an owner of an industry then you will be charged accordingly.
Additionally, the prices of the licenses of commercial, finance, healthcare and education are higher than the others because they demand more strict regulatory requirements. That’s why they are slightly expensive to get.
Business Location
While getting a business license in Dubai, the location is one of the most crucial points. Dubai is divided into two different parts on the basis of some specifications. If you want to get a license in the mainland then it will be a little more expensive then the other part which is called free zone.
In different locations the cost of license varies because of numerous reasons. Like if you will see the mainland then you will take the wider border flexibility as a reason behind the higher costs of business licenses.
Visa Requirements
The cost of the vise automatically increases when you will add more services to like. Like if you want visas for not only yourselves but for your employees too then it will also increase the overall cost of the licensing.
Moreover, the type of visa is also very important because the fees of different visas are different and it will add money to your license accordingly. So, before going to anywhere you have to figure out each and everyth ing that you want to add in your
Legal Status
The legal status of the company also matters a lot when you decide to have a business license for it. Basically in Dubai it depends on many factors whether you are a local business owner or a foreigner. Also it is affected whether you are demanding sole proprietorship or partnership.
Furthermore, simply we can say that while registering your company you should be very clear about exactly what you want. Every legal structure will offer you a different budget requirement.
When you go with any legal structure you have to pay accordingly because they require dissimilar administrative procedures, documentations. That’s why the cost increases with these distinct legal processes.
Additional Services
Some specific categories of business demand extra approvals from different government regulatory bodies. That’s why when you follow such a procedure they will definitely demand more fees and raise your budget.
Additionally, many businesses will demand more than one licence like if you have a trading company then you will require import and export permit, and trade license etc.
Wrap Up
Understanding the breakdown of the cost of various business licenses is very important especially for the new entrepreneurs. Because they will help them to cut down the expenditure of the money on getting their company registered.
If you want a proper guide of Business licence Cost In Dubai, then you can consult Abu Nahyan. They will never disappoint you and understand your queries and solve them wisely.
FAQs
Is getting a business license in Dubai easy or not?
If you are in the right direction and you have a proper research then nobody can stop you from having a business license in minimum time possible. So if you want a licence then first consult with any experienced or PRO for cost effectiveness.
What is the average cost of a business license in Dubai?
Although the cost of the business license varies from type to type and also on the basis of location, the average amount that you need is almost 10 to 50 thousand AED. So be prepared if you want to get a business license.
Can you operate without being physically present in Dubai?
Yes, you can get a license for any of your business that is working in Dubai even without being physically present there by using their virtual office. They will give 24/7 availability and outstanding services with reasonable pricing.
How long does it take for the license to arrive?
The business license typically takes some time. So you should be patient in the whole process. On average it will take 1 to 2 weeks and a maximum of 3 weeks. So, don’t put yourself under pressure and create hustle.
