Following that, we’ll offer you a quick rundown of a company setup cost in Dubai. We specifically state that these are simply estimates, as government fees may vary. Furthermore, the government has recently made significant improvements to the process of business setup in Dubai, considerably simplifying the procedure and lowering startup expenses. Dubai is rapidly becoming a business city, with many companies preferring to transfer their operations or establish industries here not only for tax reasons but also to enjoy the laid-back lifestyle.
COSTS FREE ZONE COMPANY
FROM *AED 12,500 – 0 VISA LICENCE
The cost of business setup in Dubai and operating a Freezone business in Dubai is determined by visa allocations as well as the Freezone itself. There are significant price disparities amongst Freezones. In the UAE, there are 45 free zones, however, most of them have similar activity lists and provide similar packages. As a result, choosing the ideal Freezone for a new business setup in Dubai is tough.
We’ve dealt with the majority of Freezones and make sure the cost of setting up a business in Dubai is one that provides the best value for money and the fastest processing time. Our many years of experience will be beneficial to you. The establishment of a bank account is another crucial component. It will be nearly impossible to register a corporate account with many Freezone companies.
FREE ZONE COMPANY SETUP COST IN DUBAI IS NOW CHEAPER
There is some encouraging news to report. The Freezone company setup cost used to be cheaper in one of the neighboring Emirates, such as Sharjah, Fujairah, or Ajman. This is no longer essential because Dubai Freezone company setup cost have been modified, and having a distinguished Dubai Freezone is only slightly more expensive. We strongly advise you to establish your new company in Dubai. It is not only easier to create a business bank account for a Dubai Freezone (5 days vs. 21 days in Sharjah), but it also has a lot shorter visa processing period (5 days vs. 21 days in Sharjah). A freezone company establishment in Dubai will cost AED12,500 (0 Visa License + office lease agreement+ 3 business activity). In other Emirates, for the Zero visa company, the price start AED5,750 for the similar service.
COSTS of OFFSHORE COMPANY/International Business Company-IBC in Dubai
From 15,000 AED
If you plan to initiate an Offshore Company setup in Dubai, you should be aware that obtaining a corporate bank account with this company model is a challenging job but StratEdge Advisors will assist you for this also.
Opening a bank account for an offshore company or IBC is difficult because some people misuse this structure, and banks receive compliance notices.
In recent years, the UAE government and the Central Bank have tightened controls to curb financial misconduct and money laundering. Banks now avoid opening accounts for non-residents and prefer clients with at least one UAE residence visa under their company. This creates a key difference between Offshore and Free Zone companies. An Offshore company cannot secure a UAE residence visa, while a Free Zone company can.
You can get the UAE residence visa under Free zone or Mainland companies. You can get a visa under Jafza Offshore, but it costs more than a normal free zone company. Now Government also issuing the silver and golden visa on the basis of investment in real estate.
Some agencies still claim that opening a bank account is easy if you submit acceptable documents. However, if the requirements aren’t met, the bank may reject the application.
StratEdge Advisors offers services to help and assist foreign investors who are willing to start new ventures in the UAE. Our expert team helps customers at every step to ensure a smooth and successful business setup in Dubai.