Dubai Company Setup Cost for Germany Residents: All You Need to Know

Being a German resident your first choice would be to set up your business in Germany only. And if you are planning for the same then we would suggest you to go through your business plan in Germany once again and look out for the higher VAT, corporate and income taxes, exceptionally hard legal frameworks and unstable legal systems. 

By incorporating or going through these factors you will end up dumping your idea of starting a business in Germany. But, we don’t want you to dump your idea of starting a business, we only want to dump your idea to start a business in Germany. Instead, set up your business in a place that offers you regulatory, economical, and cultural benefits to run your business fluently. 

One place that can offer your business all these benefits is Dubai. Want to know more about those benefits of business setup in Dubai for Germany residents along with the cost of setup? Make sure to follow this blog till the end. 

Why Consider Setting Up a Business in Dubai? 

Dubai offers several benefits to set up your business as compared to setting up a business in Germany. Some of those strong aspect behind considering setting up a business in Dubai are as follows: 

Dubai offers a diverse amount of economic benefits as it has a number of strong sectors such as tourism, real estate, finance, and trade as well. All these factors will eventually help your business grow economically. 

Dubai has the most strategic location which becomes a plus point for the growth of your business, as it is situated at the crossroads of Europe, Asia, and Africa as well. 

There are various free zones in Dubai that offer tax exemptions, while if we look at the situation of Germany, there are no such free zones. 

This was all about a few reasons to consider setting up business in Dubai. However to set up a business in Dubai you need to understand its business structures, cost breakdown and many more. Let’s learn about those factors in the coming section. 

Types of Business Structures in Dubai

Mainland Company: 

Mainland companies are those businesses that can operate in the local market of UAE and globally as well. The only factor is, your business should have a local sponsor holding of 51%. In this situation a local emirati partner is mandatory, however the agreements can be structured to give the foreign owner their operational control. 

Free Zone Company: 

Under a free zone company structure you can take advantage of a 100% foreign ownership, tax exemption along with no import or export duties. However with this business structure you can’t directly trade in the UAE market. 

Offshore Company: 

If you are an international business who doesn’t want to have a physical office in the UAE, then the offshore business structure is the right option for you.

Cost Breakdown for Setting Up a Business in Dubai for German Residents

Let’s understand the costs involved in planning your business setup in Dubai: 

General Costs: 

The first cost involved in the business setup in Dubai for German residents would be the company registration fees, license fees, along with the Visa costs. 

Cost Elements: 

If you are moving forward with a mainland setup then the cost is going to be a bit higher due to local sponsorship requirements and office rents as well. 

If you are moving with a free zone setup cost then overall cost is generally lower and it comes with office space and visa packages. 

Offshore setup costs are the lowest as it does not involve a lot of physical presence and requirements. 

Additional Costs: 

Till now we have discussed the cost that will be there for everyone, but along with that you can also face some additional costs such as employee visa and insurance cost, marketing and branding costs, and legal and accounting services as well. 

Conclusion

Setting up a business in Dubai offers numerous advantages for German residents, that includes economic benefits, strategic location benefits and many more. Till now we have discussed the costs involved in the overall process of setting up a business in Dubai. However, if you still face an issue, then you can take help from business setup consultants in Dubai, as the overall process will become more efficient for you.