Can I set up a business in the UAE within AED 5000?

Yes, you can set up a business in the UAE within AED 5,000 (approximately 1.15 lakhs INR); however, it can be challenging as the budget of AED 5,000 will not be sufficient to cover all the expenses. It is possible to set up a business in the UAE for under AED 5,000 in the Free Zone areas, such as Ajman, RAKEZ, as they provide low-cost licenses and flexible virtual setups. The AED 5,000 budget is suitable for entry-level services and is not ideal for LLCs that require at least AED 20,000-30,000, as well as other specific free zones, which may require an investment of around AED 10,000-50,000.

With a fund of AED 5000, you can set up freelancing ventures like digital marketing, online services, and other freelancing services. Drop shipping and delivery services have massive potential in the UAE free zone, offering low initial fees and comparatively lower capital investment. If you are considering setting up a business in the UAE with an initial investment of AED 5,000, it is advisable to opt for freelancing services or free-zone packages for service-based activities to minimize your overall initial costs.
 

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What does AED 5,000 cover while establishing a business in the UAE?

When setting up a business in the UAE with AED 5,000, it is essential to consider that the amount is sufficient for the basic establishment, such as legal registration; however, additional investments are required for a complex operational setup.

Below is a list of charges that you can cover within AED 5,000 during a business setup in the UAE:

• Legal registration for a business name.
• Basic freelance permit and approval to operate remotely.
• A mainland license serves as a legal recognition to operate in the UAE.
• Digital documentation for the trade license and the company registration certificate
• 100% foreign ownership to operate independently in the UAE.
• Basic compliance support for initial application and document submission.

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Low-Cost Business Ideas for the UAE

The following are some of the low-cost business ideas that you can establish in the UAE within AED 5000:

• Freelancing engagement: Social media management, email marketing, SEO optimisation (Search Engine Optimisation), online advertising, copywriting, content writing, SMEs (Subject Matter Expert).
• Creative service: Graphic designing, brand logo designer, video editing, social media creatives, UI/UX design.
• E-commerce and drop shipping services: Online trading (without inventory), or partnered delivery services.
• Online consultancy firm: Business consultancy, career coaching, financial consultancy, HR and finance advisory.
• IT/Software Support: Web Development, App Support, IT Consultation, Software Testing.
• Virtual assistants: Email and calendar manager, data entry, customer support, and online research.

*Are you looking for step-by-step assistance with UAE immigration? Contact Y-Axis, the world’s No. 1 overseas immigration consultancy, for end-to-end assistance!