Cost of setting up in Dubai
One of the most important steps in creating a viable business plan is understanding the initial costs of setting up a business. Dubaiís tax free nature is attractive to many entrepreneurs, but itís important to keep in mind the fees involved in issuing a new trade licence. The DEDís website offers a useful tool which allows potential business owners to estimate the fees involved in obtaining their trade licences. If you are planning to start a business in one of Dubaiís many free zones, keep in mind that each free zone has different start-up procedures and fees. Many free zones also require that the business owner have a minimum amount of capital if they are establishing the company or enterprise in the free zone as opposed to just opening a branch of an existing company. Another cost of running a business in Dubai or in a free zone is sponsoring your employees and providing them with the necessary visas and paperwork to allow them to reside in the country.