Of all the Emirates in UAE, Dubai has specialised in providing the best dedicated free zones geared to specific business activities. Examples of these include fast-moving sectors of the economy, such as healthcare, academic services, financial hubs, hi-tech, maritime services, media services, commodity trading and eCommerce support services. In total, there are more than 40 special free zones for you to choose from. It is generally agreed that the best setup company package is in the Dubai free zone for most business purposes, out of the whole UAE.
To help you determine the best Dubai company setup package prices, you should let our team of expert consultants here at GBO assist you in every step. We have the experience and knowledge that will smooth the path from start to finish, ensuring that you get the correct new business in the Dubai free zone at the most affordable cost.
What will a Dubai free zone company setup cost?
Company formation in Dubai – many separate factors contribute to the total cost of a new offshore company in Dubai package . Some of these relate to the type of free zone that best suits your requirements, as well as the need for residence visas for your shareholders. You may also need to apply for residence visas for any employees (which can include a nanny or other domestic staff you may personally bring) or family members.
Other options that influence cost include what type of office space you will opt for (this is a standard requirement for any free zone offshore company package in Dubai). Depending on the choice of free zone and type of your business, you could simply need a flexi-desk, a co-worker space or perhaps a full office. This is an important factor in calculating your total setup cost.
As well as office needs, based on your type of free zone, you may also choose from special locations such as a virtual office, warehouse, business center, physical office, retail shopfront, or perhaps some combinations. These are all factors in the total offshore LLC company formation in Dubai price.
The cost of a free zone company formation in the UAE depends on whether you are providing services exclusively inside the UAE, exclusively outside the UAE, or in some combination.
What are the required steps for the company incorporation package in Dubai?
There are several steps required for offshore company formation in Dubai. It would be best if you let the specialists here at GBO guide you throughout the process so that you get it right the first time. One of the most important decisions, one that will have the biggest impact on your final proposal, and is mandatory, is based on your choice of activity and whether your preferred type of jurisdiction is Free Zones or Mainland.
How to open a free zone company in Dubai?
The process must start with the registration of a new company in Dubai. With our help, you can step smoothly through the necessary steps, which include:
- Deciding between the multiple options based on your planned business activity
- Making sure you have the right visa registrations
- Checking that the choice of the business name is valid and capable of registration (and if not, we can help you find the best match)
- With all these decisions finalized, we can prepare all the necessary papers – and there is a lot!
- We will notify you as soon as the company is registered, and also take you step-by-step through the visa application. Depending on the type of visa (for example, whether you need a trade license (and if you need to apply for an immigration card)
- Finally, with all the necessary work done, we can help you apply for a Dubai company bank account and can even appoint advisors who have good relationships with the banks to promote your business.
GBO supplies all aspects of setting up a new company in Dubai, taking into account the services or business activities you will provide. We can assist with the visa application processes, provide introductions to banks for company account opening, and prepare all the necessary legal documents all at the most competitive and reasonable cost.
There are several free zones in Dubai that offer a range of incentives and benefits for businesses, including tax-free operations, 100% foreign ownership, and a range of facilities and support services. The cost of setting up a company in a Dubai free zone depends on a number of factors, including the type of business, the size of the company, and the location of the free zone.
Some of the main costs associated with setting up a company in a Dubai free zone include:
- Registration fees: There are fees for registering a company in a Dubai free zone, which vary depending on the type of business and the free zone.
- License fees: Businesses operating in a Dubai free zone need to obtain a license, which typically costs a few thousand dollars.
- Office space: Most free zones require businesses to rent office space, which can vary in price depending on the size and location of the office.
- Other costs: There may be additional costs associated with setting up a company in a Dubai free zone, such as legal fees, accounting fees, and insurance.
It is important to note that the costs of Dubai offshore company formation can vary widely and that it is always a good idea to do your own research and contact the free zone directly for more specific and up-to-date information on costs.
If you are planning to set up a company in Dubai and need to open a bank account, there are a few steps you can follow to ensure that the process goes smoothly:
- Choose a business structure: The first step in setting up a company in Dubai is to choose the right business structure for your needs. Options include sole proprietorship, partnership, limited liability company (LLC), and free zone company.
- Register your company: Once you have chosen a business structure, you will need to register your company with the relevant authorities. This process typically involves submitting company documents, such as articles of association and memorandum of association, and obtaining a trade license.
- Choose a bank: Once your company is registered, you can start looking for a bank to open an account with. It is a good idea to compare different banks and consider factors such as fees, interest rates, and customer service before choosing one.
- Gather documents: To open a bank account for your company, you will need to provide a range of documents, including company documents (such as articles of association and memorandum of association) and personal documents (such as your passport and residence visa).
- Submit your application: Once you have gathered all the necessary documents, you can submit your application to the bank. The bank will review your application and may ask for additional information or documents before approving or denying your request.
It is always a good idea to do your own research and contact the bank directly to ask about their specific requirements and processes for opening a bank account for a company in Dubai.
A free zone bank account is a bank account that is opened for a company that is registered in a free zone. Free zones are designated areas in countries that offer a range of incentives and benefits for businesses, such as tax-free operations, 100% foreign ownership, and a range of facilities and support services.
Free zone bank accounts are typically offered by banks that operate within the free zone or have a presence in the surrounding area. These accounts are typically designed to meet the needs of businesses operating in the free zone and may offer special features or benefits, such as lower fees and more flexible terms.
To open a free zone bank account, you will typically need to provide the following documents and information:
- Company documents: You will need to provide copies of your company’s articles of association, memorandum of association, and trade license.
- Personal documents: You will need to provide copies of your passport, residence visa, and Emirates ID.
- Company information: You will need to provide information about your company, including its name, registration number, and contact details.
- Banking information: You will need to provide information about the type of bank account you want to open and any other banking services you may need, such as online banking or credit card facilities.
It is always a good idea to contact the bank directly and ask about their specific requirements and processes for opening a free zone bank account. It is also advisable to compare different banks and consider factors such as fees, interest rates, and customer service before choosing a bank.
What are the benefits of offshore company formation in Dubai freezone?
There are several benefits to forming a corporation in Dubai, including:
- Dubai’s strategic position between Europe, Asia, and Africa makes it an attractive corporate and commercial center.
- company formation in Dubai provides a tax-free environment for enterprises, allowing them to retain full ownership and repatriate revenues without having to pay corporate or individual taxes.
- Infrastructure: Dubai’s infrastructure is world-class, with contemporary transportation, communication, and technology facilities that facilitate commercial operations.
- Dubai offers a business-friendly climate that supports innovation, entrepreneurship, and expansion. The administration is devoted to facilitating the establishment and operation of enterprises in the city.
- Access to talent: Dubai’s workforce is multinational and diversified, with talent from all over the globe. This makes it easy for firms to locate the appropriate people to meet their demands.
- Dubai is recognized for its great quality of life, which makes it an appealing location for companies and their workers. The city provides a contemporary and cosmopolitan way of life, with outstanding healthcare, education, and entertainment possibilities.
- Dubai is in close proximity to several rising markets in the Middle East, Africa, and Asia, making it simpler for enterprises to enter these markets.
- Overall, company formation in Dubai may provide businesses with a variety of benefits, making it a desirable location for enterprises seeking to extend their operations or create a new presence in the area.
FAQ
What kind of services can a Dubai offshore free zone consultant like ours provide?
When starting your Dubai Freezone company formation, you can ask our team here at GBO to help you with all of the necessary steps. These include opening your bank account, setting up accounting and compliance services, arranging health insurance, providing VAT & tax consultation, engaging IT and legal services, and providing mail management along with a virtual receptionist service. When required, we can organize tourist and golden visas and second citizenship.
What is the cost for Dubai freezone company formation
The company setup costs vary significantly depending on which free zone you are selecting. It can range from as little as 250 EUR to 250,000 EUR just as the company’s issued capital, and then variables depending on the type of business activity chosen and the necessary licences.
In Dubai, the Meydan free zone offers the cheapest business licence, and is available with no visa.
What is the likely cost of an offshore company in Dubai?
There are many independent factors that will have an effect on the total cost. That is why letting experts like our team here at GBO handle the whole process on your behalf makes such good sense. Your options are very wide, starting right from the very beginning where you can choose between the forty Dubai specialist free zones, and at which point a mistake can spoil the whole journey.
what is the cost of free zone company in UAE
