Business Setup
We believe in our startups and are committed to assisting them in graduating and growing. We understand how difficult it is to bring your idea to life, which is why we have made the entry procedure into our incubator extremely easy with a simplified business set up process at exceptionally affordable rates. Post graduating from our programme, our startups are eligible for special rates in any of the business districts affiliated to us, if they wish to relocate.
Why join in5
Simplified
business setup
Creative co-working spaces
and specialised facilities
Workshops and
networking events
Mentorship
Investor access
Pricing
Subsidized License and Lease Pricing during in5 Incubation
The Licensing Authority for a business setup is Dubai Development Authority and the Legal Structure offered to in5 companies is a Free Zone Limited Liability Company (FZ-LLC). A BVI/Offshore company can be a 100% shareholder of a Startup FZ-LLC Company. View the permitted business activities.
| Lease Price at Subsidized Price (AED) | Year 1 | Year 2 | Year 3 |
|---|---|---|---|
| License* | 1,000 | 1,000 | 1,000 |
| Co-Working Desk at in5 Buildings** | 12,000 | 15,000 | 18,000 |
| Dedicate Office at in5 Buildings | 30,000 | 35,000 | 40,000 |
| Lease discounts are considered for Commercial offices at TECOM Group. | |||
Visa/Establishment Card Pricing
| Establishment Card*** | AED 2,000 | Issuance Authority GDRFA |
| Personnel Sponsorship Agreement | AED 2,500/person | Waived up to 4 visas for first 3 years of company incorporation. |
| Visa/Person (Out of Country)**** | AED 1,630/person | Cost includes Emirates ID Card and Medical Test |
| Visa/Person (In-Country)**** | AED3,130/person |
*Full license pricing of AED 15,000/annum is applicable after in5 incubation tenure.
**As part of TECOM Occupancy Agreement, Appendix B Clause 4.2.2, it is mandatory to submit third party public liability insurance. Click here for details.
***An Establishment Card is mandatory to apply for a visa. Establishment Card expiry date is matched with license expiry date. The Establishment Card is exempted for companies not applying for visas or work permits under their sponsorship.
****Validity of visa and prices are subject to change by 3rd party service providers GDRFA, EIDA & DHA. Please refer to AXS for the full visa pricing list.
How to Apply ?
Follow the steps to join the dynamic success driven world of in5.
1
SUBMISSION
Founders and entrepreneurs apply to the incubation program submitting an online application , including relevant material and information about their concept and business model.
2
VALIDATION
The in5 team shortlists candidates based on various eligibility criteria & invites selected candidates to present.
3
PRESENTATION
Shortlisted start-ups present their venture to a committee consisting of various industry experts and seasoned entrepreneurs, and answer the committee’s questions.
4
INCUBATION
The steering committee selects start-ups and admits them to the incubator. During their incubation period, startups access to various benefits that span the incubation value chain.
5
GRADUATION
On completion of the incubation phase, start-ups graduate and become part of the in5 alumni network.