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Do you want to apply for a business license in the United Arab Emirates? You may acquire one for as little as Dh1,000.
Low-Cost Business Set-up in UAE
Yes, that’s correct. The UAE’s free zones have implemented some of the most aggressive pricing plans to attract a new wave of enterprises looking to set up a business or operate in the country. The message from the country’s numerous free zone authorities is clear: “All startups are welcome.”
Targeting a New Generation of Business Owners
The CEO of a Dubai-based firm emphasized that these new packages “target a new generation of businesses.” By lowering the entry barriers as far as possible, the authorities are focusing on two new types of business owners.
Two Key Categories of Business Owners
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Businesses Outside the UAE:
Entrepreneurs based outside the country can now establish a business in the UAE market. Examples include online sales, technology solutions, and gaming services. These businesses need a license to operate but typically do not require a visa, at least initially. -
Freelancers in the UAE:
Additionally, those already employed in the UAE and seeking to offer freelance services during their off-duty hours are also benefiting from the low-cost business licenses available.
Multiple Activities with a Single License
Masdar City in Abu Dhabi proclaimed its intentions loud and clear on Monday, offering three business licensing packages, the least expensive of which is set at Dh1,000.
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Package A allows a registered business owner to combine two operations under one license and spend only Dh1,000 to get started. However, this does not include a visa.
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The other two packages are priced at Dh7,000 and Dh12,000, respectively, and the licenses allow for four and five activities. These do include visa requirements.
Abdulla Balalaa, Executive Director of Masdar City, highlighted the economic diversification efforts and support for global talent. “Abu Dhabi’s position as an attractive global hub is further reinforced with the recent government notice to ease the business environment.”
Impact of COVID-19 on Business Licensing
“COVID-19 has changed the way businesses operate,” said Robin Philip, Director for Assurance and Business Advisory at A&A Associates. “We’ve seen a huge spike in e-commerce licenses—over 50% of the licenses we’re applying for right now are for e-commerce establishments.”
The Government has also made it easier for people to start businesses in the UAE. For example, businesses no longer need a commercial office or physical address for the first year. They can operate without one, and the Ejari certificate (rental contract) is only required for license renewal after a year.
Parker Russell UAE Business Set-up in the UAE
Parker Russell UAE assists in setting up Free Zone and Offshore Companies in Abu Dhabi, Dubai, and Sharjah. We help with obtaining trade licenses and registration with relevant free zones. Additionally, we provide a wide range of advisory and consultancy services related to Free Zones in the UAE.
Our Business Set-Up Services: