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The International Free Zone Authority (IFZA), Dubai is one of the cheapest Freezone in Dubai. IFZA is also one of the most cost-effective Free Zones in UAE. It offers a low-cost company license in Dubai starting from AED 11,900. This is the best Dubai free zone license offer in 2022.
Best answer for this question, which is the cheapest trade license in UAE? ‘ The AED 5,750 license package offered by Sharjah Media City (SHAMS) is currently the cheapest free zone license in the UAE. It is the most cost-effective license in the UAE, however, you ought not to jump into the water merely based on the number.
In this regard, what is the cheapest business license in Dubai? Sharjah Media City, also known as SHAMS, is offering business setup packages starting just AED 5,750 is currently the cheapest free zone license in the UAE. The package includes a professional media license and one of the 13 listed activities. To add more activities one would have to pay AED 1,000 per activity.
Quick Answer, how much does a trading license cost in Dubai? A trade license cost in Dubai will be anywhere between AED 15,000 to AED 50,000 (approx.) or even more.
Subsequently, which is the cheapest Freezone in Dubai?
- Ajman Media City (AMC)
- Sharjah Media City free zone (SHAMS)
- Raz Al Khaimah free zone(RAKEZ)
- International Free zone Authority, Dubai.
There are 3 types of trade licenses that a company or individual can apply for based on the type of trade or business they take forward.
What is a free zone license?
A Free zone license is the foundational document required to do business within our free zone. Free zone licenses entitle companies of all sizes, from startups and SMEs to large multinationals, to enjoy a number of benefits to operate in Dubai.
Which Free Zone is best in UAE?
- Jebel Ali Free Zone Authority (JAFZA)
- Dubai Multi Commodities Centre (DMCC)
- International Free Zone Authority (IFZA)
- Fujairah Creative City Free Zone.
- Sharjah Media City Free Zone (Shams)
- Sharjah Publishing City Free Zone (SPCFZ)
- Ras Al Khaimah Economic Zone (RAKEZ)
Which Free Zone is best in Dubai?
- DMCC. Dubai Multi Commodities City (DMCC) is not only the current winner of the world’s best free zone award 2018 by FDI, but in fact, it is achieving this milestone for the fourth consecutive year (2015 to 2018).
- UAQ FTZ.
- Shams Free Zone.
- RAKEZ.
- Dubai South.
How can I get trade license in UAE?
- 1.Choose a Trade Name and Corporate Entity. Choose an appropriate trade name and legal structure for your company.
- 2.Choose the Business Activity.
- 3.Fill an Application Form.
- 4.Get External Approvals.
- 5.Gather the Documents Required.
- 6.Choose the Location.
- 7.Submit the Application.
- Pay Fees.
How can I open a trade license in Dubai?
- Select Economic Jurisdiction.
- Select Company Structure.
- Select Business Activities.
- Get the Initial Approvals.
- Get an Office Space.
- Prepare the MOA.
- Get the External Approvals.
- Submit the Documents to the DED.
How much does general trading license cost in UAE?
The cost of a General Trading License in Dubai is approximately in the range of AED 28,000 – 40,000. There are several other factors that change the cost of the license like business activity, visa quota, license validity which is different from an investor to an investor.
What is general trading license in Dubai?
A general trading license allows business startups in Dubai to conduct all of their trading activities under one license. With a trade license, your Dubai startup could become a key player in the supplies industry to support businesses with necessary goods across the city.
What is e trader license?
E trader license gives an individual the legal authority to market or sell a product via various online platforms like websites and other social media platforms. Home-based business entrepreneurs get a wonderful opportunity to take part in events and exhibitions and showcase their products and commodities.
How much does it cost to start a business in UAE?
The exact fee will be determined according to the company’s legal structure, and of course, the chosen free zone. The costs for registering a company in a Dubai free zone is not exceptionally varied; it is usually around the range of AED 9,000 to AED 10,000.
How much is a free zone visa?
The visa application fee is AED 4,670. This includes the visa fee, typing fees, medical test, residence visa stamping, and Emirates ID card. An additional fee of AED 920 is due if the visa applicant is in the UAE. A security deposit must be made of AED 2,500 (refundable upon cancellation of the visa).
Can I run a business without trade license?
According to law, it is mandatory for them to get the trade certificate. In case they don’t have a trade license they will be considered as illegal and need to pay penalties in form of massive amount of money according to the type or nature of their business performed.
