What types of business activities can I calculate costs for using this tool?
The tool covers a wide range of activities including consulting, trading, IT, legal, educational support, event management, and more. However, the actual list of business activities provided by the authorities is much larger to suit most business setup needs.
Can the calculator estimate costs for businesses requiring physical office space?
Yes, the tool allows you to specify whether you need a physical office or space. However, the tool doesn’t take into consideration the actual leasing cost of office space.
How does the number of shareholders affect the cost calculation?
The tool provides options to select the number of shareholders, which can impact the cost estimate.
Is it possible to calculate costs for a business needing multiple visas?
Yes, the tool includes an option to select the number of visas required, which will be factored into the cost. However, the cost of visa addition varies from one authority to the other.
Can the tool help me estimate costs for turning a hobby into a business or for business expansion?
Yes, the tool asks about your primary goal, including options like turning a hobby into a business or expanding an existing business.
Does the tool cater to a wide range of industries and business types?
Yes, the tool includes a diverse range of business activities and industries, accommodating various business types. However, the actual list of business activities provided by the authorities is much larger to suit most business setup needs.
Does the calculator provide exact costs or only estimates for business setup in the UAE?
The tool offers only indicative cost estimates for business setup in the UAE. The actual costs may vary based on various factors unique to each business situation.
How accurate are the cost estimates provided by the tool?
While the tool aims to provide a close estimate, actual costs can differ due to factors like specific business requirements, additional services, and authority of choice.
Are the costs provided by the calculator final and unchanging?
No, the pricing estimates are subject to change, especially due to updates or changes in government policies and fees in the UAE.
Should I consider the calculator's estimate as the final cost for my business setup?
It’s advisable to view the calculator’s estimate as a starting point. The actual cost may be influenced by factors not accounted for in the initial estimate, and it’s recommended to consult directly for a more precise quote.
Set Hub, established in 2009, is a leading business setup consultancy in the UAE, known for nurturing successful entrepreneurial ventures.