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If you're planning to start a business in the United Arab Emirates (UAE) or Saudi Arabia (KSA), one of the first steps you'll need to take is to register your company. However, the cost and category of company registration can vary depending on several factors.
In the UAE, there are three main categories of companies: mainland, free zone, and offshore. Mainland companies can operate anywhere in the UAE and require a local sponsor or partner. Free zone companies operate within a specific free zone and offer 100% ownership to foreign investors. Offshore companies are set up for the purpose of international trade and are not allowed to operate within the UAE.
The cost of company registration in the UAE can range from AED 10,000 to AED 50,000, depending on the type of company and the services required. This includes the cost of trade license fees, registration fees, and other miscellaneous expenses.
In Saudi Arabia, there are two types of companies: Limited Liability Companies (LLC) and Joint Stock Companies (JSC). LLCs are suitable for small to medium-sized businesses and require at least two shareholders, while JSCs are more suitable for larger companies and require a minimum of five shareholders.
The cost of company registration in Saudi Arabia varies depending on the type of company and the services required. However, it generally ranges from SAR 5,000 to SAR 20,000. This includes the cost of trade license fees, registration fees, and other miscellaneous expenses.
In conclusion, the cost and category of company registration in the UAE and Saudi Arabia can vary depending on the type of company and the services required. It's important to research and understand the requirements and costs involved before starting your business in either country.
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