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Businesses that want to start up in the UAE will have a plan for what they want to do and how they plan to get there. They will also have set aside money to make it happen.
But it’s a whole different story when it comes to running the business. Things change, the market goes up and down, and you may reach a point where you’re headed for trouble if you don’t cut back on your spending. In this article, we’ll talk about how to get a UAE trade license and reduce the cost of registering a business in Dubai.
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You will have several questions in mind before you register for trade licenses in the UAE. Below are some questions that most of our clients ask before incorporating in Dubai or the UAE.
You will be Interested on : Procedure to get Trade License in Dubai
The price of your license will depend on many things, like the size and location of your business, what you plan to do with it, and whether or not you need a visa. Given below are the ways you can save money on business license costs in Dubai, UAE.
You will be Interested on : How to Lower your Business Setup Costs in Dubai
If you stay in Dubai and if you have an Ejari in your name, you can save AED 1,000 by sending your trade license and company documents to that address.
Many business owners, no matter what country they are from, choose English or other foreign names for their companies. Even though this is allowed when forming a company in Dubai, it does cost more. You can save AED 2,000 per year by giving yourself an Arabic or Khaleeji name instead.
Even though it is common to list all of your business partners on your business license, you don’t have to. And you can lower the cost by cutting down on the number of names on your license. In short, the cost of getting a business license goes up the more business partners you list. So, if you can, fill out the form with just your name.
The size of your business space will also affect how much your company license will cost. So, don’t take an office if you don’t need one. You can get UAE trade licenses in many free zones, which have flexi-desks and coworking spaces to help cut costs. Some business licenses can also be applied for with a “virtual office,” which has no physical space.
Keep reading : Cost of Business Setup in Dubai
As a business setup consultant in Dubai, we have helped several clients worldwide set up successful businesses in the UAE. Call us today or fill out the form below if you are looking for a business license in Dubai or the UAE.
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