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Starting a business in Dubai is a very exciting opportunity for the investors and entrepreneurs belonging to different nations. In fact, every year there is a growing influx of foreign entrepreneurs registering their businesses in the city. The reason for this is the perfect business climate that the city offers such as supportive government, tax incentives, well developed infrastructure and so on. However, many seem to hold a misconception that starting a business in such lavish city must be expensive. However, that is not the case. Low cost business setup in Dubai is absolutely possible.
So, for those who want to benefit from the lucrative markets in Dubai can do so with very less investment too. Let us explore some low investment business ideas in Dubai along with the top freezone picks and cost.
Low-cost business setup in Dubai
Let us have a look at some businesses that generally need low investment in Dubai. Here are the 5 such ideas:
E-commerce Business:
If you are looking for a low cost business setup in Dubai without the financial burden of opening a physical store, then an e-commerce business can be a great choice. You can operate virtually through websites, social media, etc. One famous business model is dropshipping, where you do not even need to invest in inventory, warehousing, or shipping. Given the rising popularity of such platforms and high internet usage among the population, e-commerce has grown to be a profitable business in UAE.
Professional Consulting:
Someone with expertise and qualifications in a particular field like finance, education, legal services, IT, etc., can start a consultancy. You can get a professional license in Dubai and serve a huge, diverse clientele. This is a great and affordable business idea for those who want to leverage their skills and start a promising career in Dubai.
Tourism:
Dubai’s tourism sector is growing at a high speed, and the number of tourists seeking services is increasing. Therefore, starting a tourism business is a good idea right now. Additionally, starting such a business does not require a high investment. For example, you can work as a travel guide or start a tour and travel agency. These businesses can be started with minimal investments, but the returns are high.
Cloud Kitchen/Food Truck:
There are more than 200 nationalities living in Dubai. Starting a food business can be done at a low cost, such as setting up a delicious food truck or running a cloud kitchen. These models require fewer funds but demand a passion for serving yummy food, of course!
Cleaning Services:
Residential and commercial spaces in Dubai need to be kept clean, and you can help meet this demand by starting a cleaning services business. With some basic tools and a small team, you can deliver top-notch cleaning services and help the businesses and homes of Dubai stay spotless.
Beauty Salon:
Both women and men in Dubai love pampering themselves. Given the fast-paced lifestyle of the city, who would not want to take some time for self-care, right? You can open your beauty salon and deliver top-notch services to Dubai’s population. The demand is really high, making this a very good option for a low-cost business setup in Dubai.
Top low cost freezone picks
Freezones are special economic zones in Dubai that offers amazing low-cost business setup options for entrepreneurs. Not only do they provide simple and affordable business formation processes but also very low tax rates, top-notch facilities and completely 100% foreign ownership to the businesses. Starting business in Dubai freezones thus remains a very popular choice among those looking to establish themselves in the city. Here are the most affordable freezone options in Dubai and UAE that you can choose from:
Internation Freezone Authority (IFZA):
IFZA is a popular and affordable freezone choice in Dubai for startups. The freezone features modern facilities, simplified setup procedures, and wide options for industries to choose from. The cost of business license in IFZA starts anywhere from around AED 12,900, without visa.
Dubai Silicon Oasis (DSOA):
DSOA currently provides the cheapest trade license in Dubai. It is renowned both as a premier business as well as residency location. This freezone is home to some leading multinationals such as Porche, Henkel, W Motors etc. The trade license here starts at around AED 12,000.
Dubai Media City (DMC):
A hot hub for creative and media businesses, DMC is the perfect freezone for those who are looking for low-cost business setup in Dubai. The investors can even get access to top notch offices, warehouses, commercial spaces at reasonable rent.
Dubai Healthcare Center (DHCC):
DHCC is one of the leading healthcare hubs in Dubai. Those looking for an affordable business setup in the field of medical and health could find many opportunities here. The commercial license here starts at around at AED 15,000.
Dubai Meydan Freezone:
Yet another option for cheapest business setup in dubai Dubai is Meydan freezone. Being the UAE’s one of the most advanced freezones, the zone supports around 2500 business activities and provides bank opening services too.
Sharjah Media City (SHAMS):
The cheapest freezone in Sharjah, SHAMS is a great option for creative businesses on budget. The media license here starts from AED 5,750 which allows up to 5 activities. Along with media, other industries such as wholesale, retail, consultancy is also supported here.
Process for low-cost business setup in UAE
Here are the quick steps you need to follow to establish a low-cost business setup in Dubai:
- Location Selection: Choose between mainland and offshore as the jurisdiction for your business.
- Choose Business Activity: Decide the activity you want to pursue—there are over 2,000 options available.
- Trade Name: Select a unique and lawful name for your business, ensuring it complies with UAE regulations.
- Get Initial Approval: Obtain a No Objection Certificate (NOC) from the Department of Economic Development (DED) or the respective free zone authority.
- Apply for a Business License: Submit your trade license application along with the required documents to the DED or free zone authority.
- Apply for Visas: Get the necessary business visa for yourself, employee visas, and family visas as required.
Minimum cost for business setup in Dubai
You can get the business license in Dubai freezone at a low cost of AED 12,000*. In RAKEZ, you can get it even cheaper for AED 6,000*.
The cheapest business license option in Dubai for your business depends on your operations and specific needs. Ask experts like Dubiz to know the exact amount you will need.
Need advice for business formation in Dubai?
If you wish to start a business in Dubai on a low budget, be assured that the city offers plenty of options where everyone can thrive. However, it is crucial to take care of the legal procedures, requirements, and documentation. Make sure you have the necessary legal documents and approvals to operate your business, and that is it—you are set to flourish! To ensure everything is accurate and hassle-free, consulting experts in the field would be a smart move. Dubiz Business Setup has been a symbol of excellence when it comes to successful business setups in Dubai. They handle the entire process, including legal formalities, licensing and visa processing, and the best part is they offer services that are friendly to your budget. You can even get a free consultation with them to discuss your aspirations. They will provide the best advice tailored to your needs. Reach out to them today!
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