#cost of business

[theprivatewolf]

Cost Of Starting A Business In Dubai

Dubai has emerged as a favored location for entrepreneurs and investors globally. Renowned as the commercial nucleus of the Middle East, Dubai is acclaimed for its superior global connectivity and business-friendly legal framework, making it an attractive destination for new ventures. The demographic benefits further enhance its profitability. However, grasping the financial requirements for establishing a company in Dubai is crucial, as insufficient knowledge might lead to extra costs.

Mainland business setup / LLC company formation costs

Experts advise that the fees for company incorporation in Dubai are subject to change. Therefore, engaging with a knowledgeable and cost-effective business consultancy in Dubai is recommended. These professionals assist in understanding early-stage fees, keep clients informed about changes in legal and government fees, and offer advice on minimizing unnecessary expenses.

The investment for starting a business in Dubai varies based on the business type, chosen jurisdiction, required approvals, and certifications. To simplify, Shuraa Business Setup has compiled a recent list of standard business setup costs in Dubai, categorized into Mainland, Free Zone, and Offshore.

Costs Involved in Mainland LLC Business Formation in Dubai, UAE:

Initial Approval from DED: The Department of Economic Development (DED) grants initial permits for commencing business activities. A nominal charge is levied for a period of six months, allowing time for further documentation. This is a one-off cost in the business startup process.

Trade Name Approval: The trade name represents your business identity. Costs may vary depending on the chosen name and include reservation fees, commercial name fees, foreign company name fees, among others. This is also a one-time expense.

Office Space Rental for LLC: For a mainland business in Dubai, renting an office space is compulsory, facilitating legitimate operation checks and adherence to immigration laws. This cost can be annual or for a specified term.

Attestation of MoA: The attestation of a Limited Liability Company’s Memorandum of Association, involving partners or shareholders, varies based on share capital but is a one-time fee.

Drafting LLC Contract in Arabic and English: The LLC agreement, drafted in both Arabic and English, requires mutual agreement of partners. Translation costs may be additional. This is a one-time expense.

DED Charges: The Ministry of Economy charges a one-time registration fee for LLCs, with additional annual fees varying per business.

Mainland Trade License Fee: Acquiring a trade license involves a one-time fee, which can vary based on business activity. A security deposit may also be required.

Commercial License Fee / Tejari: This annual fee is mandatory for commercial activities.

Dubai Chamber of Commerce Fee: An annual fee for general trading companies, with varying rates for industrial or manufacturing businesses.

Commercial Services Improvement Fee: An annual fee for governmental department improvements.

Administrative Services Fee: A one-time charge for paperwork processing.

Additional Costs:

One-time fee for general trading company setup.

One-time contracting license fee.

Real estate broker company fee charged by the Economic Department.

Government levy on rented premises (5% for office or shop, 20% for warehouse).

Additional fees depending on business nature.

Free zone company formation cost

The UAE’s free zones operate under unique regulations and procedures, leading to varying costs for company setup. Commonalities include local sponsorship, rental, and visa fees, but differences arise in areas like smart desks, office units, warehouses, license fees, registration fees, share capital requirements, and bank guarantees, which depend on the chosen free zone.

Notable Free Zone Licensing Costs in Dubai (as per Private Wolf experts):

International Free Zone Authority (IFZA): AED 17,900 (including one investor visa) or AED 11,900 (without visa). Prices vary by company type (e.g., FZE or branch office).

Components of Dubai Free Zone Business Setup Costs:

Free Zone Company Registration Fee: A one-time fee paid to the free zone authority when registering a business, varying based on the company type.

Free Zone License Fee: An annual charge for all companies within a free zone, applicable to trading, service, and industrial companies. It’s included in the company registration and handled through a single-window procedure by the respective free zone authority.

Rental Cost: Office rent is a primary expense in free zone business setup, offering 100% ownership of assets and liabilities. Rental costs, which can be monthly or yearly, depend on the free zone and type of space rented. The rental size also influences the number of visas available and permissible business activities.

Rental Options in Free Zone Setups:

Smart Desk: A cost-effective option, typically a single desk, ideal for freelancers and small businesses.

Office Units: Small, self-contained office spaces; costs vary by area.

Permanent Offices/Warehouses: Larger, full-fledged office spaces or warehouses, offering more benefits but at a higher cost.

Share Capital Requirements: Free zone companies must have a specified share capital, either divided among shareholders or as a total company investment. Most UAE free zones mandate a minimum share capital for company formation.

Free Zone Visa Fee: Limited employment visas are available based on office size, with annual renewal fees. Additional costs for new employees include residency stamps, medical fitness certificates, and ID cards, varying if the employee is inside or outside the UAE.

Bank Guarantee for Free Zones: Companies must provide a bank guarantee for each employee.

Registered Agent Fee: A local agent is required for governmental procedures in free zones, with fees applicable at initial stages and during license renewals.

Other Key Expenses in Free Zone Company Formation:

Name approval charges

Notarization fees

Insurance costs

Premium bank account setup in Dubai

Typing and shipping fees

Medical checks

Police clearance

Emirates ID card

For specific free zone choices, these costs may vary.

Offshore company formation costs

M.Hussnain Private Wolf | facebook | Instagram | Twitter | Linkedin

[yutamayo]

Toji: $20 for an hour

[ilta222]

commissions open! reblogs super appreciated <3

[starryfictionalgirl]

Watcher announcing they’re leaving YouTube and putting all their new content behind a paywall via a new streaming service in a nutshell:

[yo-yo-yoshiko]

Icarus but not at all, you know what i'm saying? Does that make any sense? Do you see him? Take my hand, we're watching him fall.

Also a bonus little alternate that I drew first but wasn't satisfied with the emotional choices at ALL. and an alt color of that lol cause you know i'm gonna abuse the hell outta that green color as much as possible lol

[unpretty]

Sorry for being an egg-no-ra-moose, but what's the deal with cookies and the Matt/Lowtax post??

before he got outed lowtax ran multiple impromptu fundraisers claiming he was losing too much money running an internet forum that costs $10 to join and $5 to change your avatar and $10 to change someone else's avatar, because of the many medical bills incurred by his fucked-up spine (did getting punched by uwe boll destroy his spine? unclear)

it would later come out that he was actually spending all the donations and patreon money renting a mansion and leasing a GTR and buying $80 boxes of cookies. also he staged the pictures of himself in the hospital i guess.

the goldbelly cookies were the least of his crimes but there's something emblematically pathetic about spending that much money on fucking cookies of all things while pretending to be on the brink of homelessness due to medical debt

[unproduciblesmackdown]

always enjoyed the Chess Set In The Foreground perspective framing used here

now also noting like, huh, a chess set in a general store just visited by marigold competitors who killed one of their guys and are now on the way back from their rendezvous point w/suppliers

[chirpsythismorning]

Yeah a teaser dropping on ST day would be cool. But can we agree that a DNA board reveal would be infinitely better?

[lumiereswig]

I'm still seeing a lot of angry takes in the tags about how excessive Watcher's current costs are and how all fans really want, apparently, is "just shane and ryan sitting in a basement" back again. While I do think Watcher is probably spending over budget and that's a real issue, a lot of the takes I'm seeing show a fundamental misunderstanding of how video production works and where costs actually lie. So a few quick things that I just keep seeing that are bothering me:

It was never just Shane and Ryan in a basement. BFU did a great job selling that conceit and making sure you never saw anyone beyond them and maybe TJ, but they absolutely had other crew members with them on ghost hunts and they didn't do all the work on BFU themselves. This Q&A from Season 2 lists 36 people on staff for Buzzfeed Unsolved. It's fair to make arguments that Watcher may or may not need 25 people, but those arguments should not be coming from a place of "before it was just Shane and Ryan and nobody else."

If you don't know how many people are needed to make a professional video from a TV/film standpoint, you will not have a reasonable grasp of why Watcher wants to keep 25 people on staff. Sure, some YouTubers get by with a ring light and a contracted editor. The Watcher team have stated repeatedly that they do not want to work as just YouTubers and see themselves more as a production studio—so why do people keep referencing the YouTube model to understand their business? This is like asking the local shake shop why it doesn't function like the kids' lemonade stand down the block. The item category is similar but they're not trying for the same products or process.

The "gold dusted food" is not the big budget sink you think it is. On most TV shows I've worked on it's normal to partner with businesses that are shown onscreen and work out a deal where the price of the product (in this case the gold food) is reduced or eliminated in exchange for the free publicity. Watcher very likely made a deal with every restaurant it worked with to make the Korea trip affordable for the company. The real budget spends are on things you're probably not seeing but that still matter: camera and lighting equipment is expensive, insurance for that equipment is expensive, business overhead and paying your staff are expensive. So again—it's fine to critique Watcher for the streaming plan and the perceived budgetary issues, but go into this knowing the costs might not be coming from the things you see onscreen.

My source is that I work in TV and film and actually have a clue on how the industry functions. Again, 36 people worked on Unsolved (and those were the people mention in Season 2—who knows how big the team blew up past that in later seasons). Entertainment work is real work, and demands decent equipment, competent staff, and the same types of business and budget problems you'd find in any other business (overhead, staffing, etc.). Feel free to critique Watcher's business model, but first try to understand where that model is coming from and what goals it's attempting to serve.

[theprivatewolf]

Move To Dubai From UK: A Complete Guide

Embracing a life in Dubai, especially for UK residents seeking both career growth and a fulfilling lifestyle, presents an intriguing blend of opportunities. Dubai’s inviting business landscape and vibrant setting stand out as a prime choice for aspiring business founders. Its robust economic climate offers an ideal setting for both investors and entrepreneurs to delve into diverse business prospects. This guide aims to simplify the transition and business establishment process in Dubai, a city renowned as a global financial center, ready to offer a dynamic and prosperous future for those embarking on this exhilarating journey.

Business Setup in Dubai: Understanding the Strategic Importance Dubai’s pivotal geographical positioning at the nexus of Europe, Asia, and Africa positions it as a premier destination for global business endeavors. For those in the UK considering a move or initiating a business in Dubai, comprehending the procedural and legal aspects is crucial.

Identifying Your Business Niche The initial step in forming a business in Dubai involves identifying your business’s nature and its suitability for the Dubai market. Undertake thorough market research to identify opportunities and assess the demand for your offerings. Given Dubai’s varied economic landscape, it’s important to make a well-informed choice that aligns with your expertise and market dynamics.

Selecting a Business Structure Dubai offers various business structures, each with distinct advantages and stipulations:

Free Zone Company: These zones are advantageous for international businesses, offering complete ownership, tax exemptions, and streamlined import/export procedures.

Mainland Company: Suitable for conducting business across Dubai and engaging with the local market, including government contracts. Typically, a local Emirati sponsor or partner is required.

Offshore Company: Ideal for businesses seeking a Dubai presence without local commercial activities. Often used for asset holding or international trade.

Trade Name Registration Once your business activity and structure are determined, select an appropriate trade name. Ensure it reflects your business type and adheres to the Department of Economic Development (DED) guidelines. The licensing process begins with an application submission and, upon approval, leads to obtaining necessary documentation.

Understanding Costs and Licensing Fees Establishing a business in Dubai involves various financial aspects:

Trade License Fees: These vary based on your company’s structure and activities. Free zone licenses often have fixed rates, while mainland licenses might incur additional costs.

Office Rental: Office space rental costs depend on your business type, with prices varying by location and size.

Employee Visa Expenses: Necessary for staffing, visa costs are influenced by your business nature and office space.

Effective budgeting and financial planning are essential, considering these costs can vary between free zones and mainland areas.

M.Hussnain Private Wolf | facebook | Instagram | Twitter | Linkedin

[mnemosyne-xiv]

I'm sorry but his smile is just so--lord give me strength

[somecunttookmyurl]

someone (blocked immediately for total lack of reading comprehension) in my notes proclaiming they make jewellery with "real gemstones" in that they can't even get people to "pay the cost of the stones" on because that would be $200-300 and i have never read a bigger load of bullshit in my life

ma'am if your supplier is charging you two hundred fucking dollars for enough gemstones to make one piece of jewellery you are a victim of the biggest scam since ea nasir. you can go and buy fully made fine jewellery for less than that and deconstruct it.

[heuldoch7b]

just when you think things are going so well

[tsunanami17]

The magic is broken like chocolate melts

[xander-wolk]

*cries in European*

[the-girl-down-the-street]

‘average fangirl’ oh sorry i didn’t realise i wasn’t allowed to feel bad for a driver after they just had a really bad crash and their team principle has gone straight to the media saying how all of their (ILLEGAL!!!) upgrades have been ruined because of him instead of saying the driver is okay and not even a day after it happened there’s talks of replacing him