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BizSmarrt
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BizSmarrt
Setup your UAE Business and 2x
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FREQUENTLY ASKED QUESTIONS
GETTING YOUR UAE BUSINESS LICENCE
The online application itself is quick however, behind the scenes, if the application has errors, if documents are missing or if the information supplied is questionable, then compliance will stall the process. A backlog of qued-up applications may also cause delays.
This is why it is important to choose your representative agent wisely. Do your research before you decide to proceed.
The last thing you want is to use an unprofessional agency that fails to guide you correctly to ensure you understand what is involved and to ensure a smooth transition from start to end.
The fees charged for your licence, will vary depending on a number of factors such as your activity type and classification, how many activities you require, which emirates you are applying, how many employees or visa quota’s you require amongst other things.
The issuing governing body decides upon the fees, and reserves the right to change their fees frequently which is why is it not possible to provide an instant quote.
Always speak to an agency consultant who can provide you with the latest up-to-date information on this matter.
For guidance only you should typically expect to budget (on the minimum side) around the 15-25K mark for a one-year business licence, (inclusive of all other government fees). Please note: the Freezone location you choose, the activity and whether you include a physical office will all affect the price and impact the pricing as well.
If you see such quotations, then know that the licence fee portion is only being advertised.
Other essential fees have not been included and you will need to pay all required fees to process all the components, in order to get your approved legal documents for your business set up.
Other fees include your medicals, biometrics, various other department fees, Visa and Emirates ID processing fees which are all separate bills or charged as a promotion one-off bundle fee.
The government licencing offices commonly release frequent promotions and offers with limited special prices throughout the year.
Fees are taken at the start when applying. This is dictated by the government who will request payments immediately once you begin your application. The government licencing body also has time limitations set for processing and for this reason, it is best to have your funds in place before embarking on your set-up journey, to avoid delays and late payment government charges.
The process is complex when there are queries and issues raised by the governing body.
And yes, the process has many steps and the best way to ensure you get your licence without any hick-ups is to provide all the requested information by following our guidance. We will support you all the way and manage the process smoothly for you in order to ensure you get your business licence set up without any issues or blockages.
However, please note, due to the complexity of the internal governmental process, we as an agent cannot be held responsible for delay because the governing licencing department has its own regulatory compliance rules and regulation procedures to follow, and we have no control over how long they may take to actions things on their end.
Assuming there are no issues or concerns, clients can expect to get the processing aspect done in a week, with documents ready and the Emirates ID, to be received via the post.
Yes absolutely, a foreigner can start a business in Dubai quite easily and with attractive tax and vat rates, many do. Majority of the population – around 80% is expatriate, with many of foreigners owning their own businesses. Dubai and rather regions in the UAE actively welcome investors and business owners from overseas and are highly supportive and have made it comfortable for new investors to set up smoothly.
The cheapest Visa cost can be as low as 7000 AED, but this is the fee of a business license only. However, you must bear in mind, the true cost of your visa will depend on a number of factors such as your activity, how many activities, how many partners, if you want a main land or a freezone license, which emirate you want to be based in etc. It’s best t to speak to a trusted agent to know your best options and what promotions are currently on offer.
Generally speaking, yes and no. It basically comes down to who are you using, and whether you trust them enough to assure you they are the right agents to get the job done for you. It’s necessary for you to know how well-connected your agent is within the industry, how strong are their government or banking relationships and how thorough are they. Though setting up a business in Dubai can be a complex and demanding and stressful process especially if something goes wrong or if any mistakes are made during the application and processing phases. Because we are very aware of all the combinations of issues and situations that can go wrong – BizSmarrt are meticulous at ensuring every aspect of your application is done vigilantly. Having peace of mind using a professional business setup consulting firm that understands the intricate challenges entrepreneurs face when establishing their businesses in Dubai is key if you want to navigate the system whilst being hand held.
Yes, a refund is possible but only in the first phase of the process. If for whatever reason your license application gets rejected for then you can get your total government fees (minus an agent fee portion). Typically 90% of your fees are refundable.
Yes we can.
If you are processing your license and immigration with BizSmarrt, we can arrange a priority UAE Bank Opening Concierge Service at a a fee, to ensure you get your UAE Business Bank open within a week.