Business Setup in Dubai and UAE Freezone LLC Offshore
Setting up a business in the UAE can be very complicated and time consuming. Maybe you need an offshore entity to protect your assets, or a Freezone entity to import and export, either way it’s better to evaluate all your options with reliable business setup consultants in Dubai. Profits Pluss Consultants can help you find the right solution.
Select the right jurisdiction. Are you looking to setup a company in Dubai or within one of the Freezones in the UAE? Maybe you need an offshore entity to protect your assets. With over 40 freezones in the UAE how can you ever make the right decision on which zone to select for your business? Our experts can help you!
Work with Experts. There are many business setup companies in Dubai that claim to be experts in setting up offshore and freezones companies around the UAE but not many of them provide the level of service expected from professionals today. We strongly recommend that you ask questions like – what is their level of experience? or even if they have a solid application form.
Consider Dubai. Many people dismiss Dubai DED over Freezones but our business setup consultants strongly recommend that companies consider comparing the costs of setting up inside Dubai to the costs of setting up in the Freezones. We have spoken to so many individuals that are now trapped in extortionate costs of Freezone offices if they want to increase their staff visas.
How much does it cost to start a business in Dubai?
Compared to other countries, the cost of setting up business in Dubai is high. The total cost varies depending on the company you are registering and whether you are opening an offshore or onshore company. For setting up a business in onshore free zones, the starting cost is AED 15,000.
For a Limited Liability Company, you can expect the registration cost within the range of AED 22,000 to AED 24,000, excluding trading license fees and other assorted expenditures.
The one-time company registration fee payment to be paid to the free zone authority lies between AED 9,000 and AED 10,000.
The recurring licence fee is approx. AED 10,000 to AED 50,000 annually.
Renting office space in a free zone in Dubai is worth AED 15,000 to AED 20,000. The minimum share capital amount range from AED 1,000 to AED 1,000,000.
Is it mandatory to live in Dubai to set up a business?
No, the business owner is not obliged to have a full-time residency in the U.A.E. while running a business or establishing a company.
Which free zones are the cheapest in UAE?
- Sharjah Media City free zone (SHAMS)
- Ras Al Khaimah free zone (RAKEZ)
- Sharjah Media City free zone (SHAMS)
- International Free Zone Authority (IFZA)
- Ajman Media City (AMC)
What are the most profitable business ideas for Dubai?
- Real Estate Agency, Construction & Manufacturing sector
- E-Commerce & Digital Marketing
- Travel & Tourism
- Beauty salon
- Healthcare & speciality clinics
- Restaurants & hotels
- Consultancy service
- Retail business
Is Dubai a tax-free zone?
Yes, Dubai has specifically defined zones where authorities are not allowed to collect any income or corporate tax money. No tax and no dividend for companies or individuals in free zones!
Nevertheless, you must pay municipal tax to the local authorities on your properties in this country.
What business can you start without money in Dubai?
- Teach yoga
- Start tutoring
- Pet sitting
- Provide digital marketing services
- Start writing/blogging business
- Build websites
How to set up a business in Dubai? How do I start a startup in Dubai?
- Find your business activity from more than 2,100 choices from different groups available on the DED website (industrial, commercial, professional, tourism, etc.) and apply for the license.
- Pick your free zone from 30 zones available in Dubai to gain 100% ownership and enjoy 0% taxation.
- Decide your company’s name by keeping the UAE’s strict naming rules in mind.
- Apply online and get initial approval from DED (Department of Economic Development)
- After receiving approval, it’s time to open a corporate bank account in either a local or international bank.
- Choose your company’s physical address.
- Forward an application with important legal documents to government entities for final approval. Don’t forget to apply for licensing approval.
Can I open a company in Dubai without a residence visa?
Yes, but in some instances of company nature and nationality, the answer might be no!
Typically, a non-resident (individual without a resident visa) is free to set up a business in Dubai as an offshore company will not require any physical location and the government grants a resident visa based on the office space size.