When starting a new business in the UAE, one of the most important considerations is the cost of company formation. This is especially true in the competitive UAE market, where it is important to keep costs low while still achieving the desired outcome.
MFI Group of companies is a UAE-based firm that specializes in company formations and business services. They provide expert advice and assistance to help businesses set up operations in the UAE. The cost of registering a micro-credit/finance company under section 8 registration with professional utilities is Rs. 50,000 only all-inclusive.
This covers the cost of registering the company with the relevant authorities, obtaining a business license, and other services. Furthermore, the company may require additional services such as legal advice and of companies, which will be charged separately. The cost of setting up a local business outside of Dubai emirates may be lower, at AED 40,000 – AED 50,000 or USD 10,960 – USD 13,700. Additionally, the company may require additional services such as legal advice and investors, which will be charged separately. MFI Group of companies are committed to providing businesses with the best advice and support to ensure their success in the UAE market.
if you would like to get a more specific quote on everything that you need then get in touch and one of our specialists will guide you through the process
Service prices can vary on the service you require and within each service there are so many variables and hidden extras,
So for example if you require a company formation you would need:
Description | Estimated Time | Estimated cost | Other Cost | Comments |
Government Fees for Registration & License Fee (Every Year)(Trade License will be valid only for a year and must be renewed on or before the license ends) (amount may Increase / Decrease upon Government Charges) | 1 week | |||
OFFICE AND EJARI (my rent) ( for one year ) | 3500-4000 | according to business requirements | ||
Trade Name Reservation (1time Procedure) | 1-day | 105-120 | ||
Trade Name Reservation Submission | 1-day | 636-700 | 2000 | IF REQUIRED ENGLISH NAME 2,000 |
Initial Approval (1 time Procedure ) | 500-550 | |||
Memorandum of Association (1 time Procedure) lays down the essential details of the company | 575-600 | |||
sponser Fees | ||||
Immigration card company (in case partner visa required) | 600-650 | |||
Final Submission | 500-550 | |||
Muncipality Fee/Tourisam Dept Fee | 1-day | |||
Licence FEE (avg fee voucher change based on office tenance) | 1-day | 14000 | AROUND 14,000 OR MORE OR LESS | |
Company Labour Card | 1-3 days | 2000-2200 | ||
PARTNERS VISA | 1 week | 4200-4400 | EACH PARTNER VISA COST | |
PRO Services | more or less 1 week | 500 |
There will also be fees depending on the services needed above is just a typical example of costs (costs can also vary as time moves on or for specific needs like speed of opening)
To get an idea of the type of company you would like to form checkout our Business Setup page
NOTE: ALL THE FEESES ARE PAID AND RECIPT WILL BE AVAILBLE FOR THE SAME SOME MINOR CHANGES CAN BE ACCORD BASED ON TIME TO TIME BASIS ANY CHANGES COMES ON FEESES.
FIVE WORKING DAY ALL PROCESS CAN BE FINISHED SUBJECT TO NOT ANY TECHNICAL HURDLE COME.
LICENSE IN WITHIN TWO DAYS SUBJECT NOT ANY SPECIAL APPROVAL REQUIRED
Terms & Conditions
Payment for Services.Services Fees are invoiced in full upon
receipt of an order with payment terms.