UAE: How you can set up your own business for less than Dh12,500

Total ownership, visas, virtual office space: Benefits of setting up a mainland company

Last updated: September 02, 2020 | 19:18

Huda Tabrez, Living in UAE Editor

3 MIN READ

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Still on the hunt for your dream job? Why not create it?

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Sole establishments are a cost-effective way to go the entrepreneurial route.

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It also allows 100 per cent ownership, as opposed to an LLC.

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Sole proprietorship is becoming a popular option for start-ups.

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Sirajudeen Ummer, a Public Relations Officer with Dubai-based First Gate Business Services

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It is a cost-effective option, which gives you 100 per cent ownership.

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It is a good option if you are offering professional services.

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You would not need an Emirati sponsor but a local service agent is required.

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The local service agent is paid a lump sum, which can vary based on the agent.

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Which business activities are permitted under a professional licence?

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Consultancies, professional services and carpentry and artisanal services are permitted.

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Technical services are also allowed.

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Mainland companies can conduct business anywhere in the UAE.

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You also do not need to have a physical office if it is a small enterprise.

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Estidama offers virtual Ejari options for small businesses.

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Contact a few business centres to get the best price, which can determine how much you pay at the end of the day.

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Total cost of sole establishment trade licence.

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Document required to apply.

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A sole establishment also makes sense for people who may be struggling with renewing their residence visas due to job loss, as you can sponsor dependents.

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