If you’re considering setting up a company in Dubai Freezone, then you must be wondering about the costs involved. In this article, we’ll take a closer look at the expenses associated with establishing a business in Dubai Freezone.
What is Dubai Freezone?
Dubai Freezone is a designated geographical area within the United Arab Emirates (UAE) that provides foreign investors and businesses with tax exemptions, 100% ownership of their company, and other benefits to facilitate their operations. It offers excellent infrastructure, world-class facilities and services, and access to global markets.
Types of Companies in Dubai Freezone
There are three types of companies that you can set up in Dubai Freezone:
1. Free Zone Establishment (FZE)
An FZE is a limited liability company established with one shareholder who can be an individual or a corporate entity.
2. Free Zone Company (FZCO)
An FZCO is also a limited liability company that requires at least two shareholders.
3. Branch Office
A branch office is an extension of an existing company located outside of the UAE.
The Cost Breakdown
The cost of setting up a business in Dubai Freezone depends on various factors such as the type of company, the number of shareholders, office space requirements, and more. Here’s a breakdown of the expenses involved:
Registration Fees
The registration fee for setting up an FZE or FZCO starts from AED 10,000 ($2,722) and goes up to AED 25,000 ($6,805).
Licenses
Every business in Dubai Freezone requires a license which costs around AED 8,500 ($2,313) annually.
Office Space
Dubai Freezone offers a range of office spaces to choose from, and the cost varies depending on the size and location. The average cost of renting an office space in Dubai Freezone is around AED 25,000 ($6,805) per year.
Visa Fees
The visa fees for employees in Dubai Freezone are around AED 4,000 ($1,088) per person.
Conclusion
Setting up a company in Dubai Freezone comes with its costs, but the benefits that it offers far outweigh them. With tax exemptions, 100% ownership, access to global markets and world-class infrastructure, Dubai Freezone is an ideal destination for businesses looking to expand their operations.
If you’re considering setting up a business in Dubai Freezone and need help with the process, it’s always advisable to consult with a reliable business setup consultant who can guide you through the entire process.
10 Related Question Answers Found
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Can Freezone Companies Do Business in Dubai? Dubai is a bustling hub for business and commerce, attracting entrepreneurs and investors from all over the world. One of the key features that make Dubai an attractive destination for businesses is its freezone areas.
A Free Zone Area in Dubai is a designated region within the city that offers various benefits and incentives to businesses operating within its boundaries. These zones are designed to attract foreign investment, promote economic growth, and foster innovation. Benefits of Free Zone Areas
There are several key benefits that businesses can enjoy by setting up in a Free Zone Area in Dubai:
100% Foreign Ownership: One of the main advantages is that companies can have full ownership and control over their business without the need for a local sponsor.
What Does Free Zone Mean in Dubai? Dubai is known for its thriving business environment and attractive investment opportunities. One of the key factors contributing to this success is the concept of free zones.
Can a Freezone Company Rent Office in Dubai? Many entrepreneurs and businesses are attracted to Dubai’s freezones due to their numerous benefits, such as 100% foreign ownership, zero corporate tax, and simplified company setup processes. However, one common question that arises is whether a freezone company can rent office space in Dubai.
What Does Free Zone Company Mean in Dubai? Dubai is known for its thriving business environment and attractive investment opportunities. One of the key factors that contribute to this success is the presence of free zones.
Are you considering setting up a business in Dubai? One of the most important decisions you’ll need to make is choosing the right free zone for your company. With over 30 free zones in Dubai, each offering its own unique advantages and benefits, it can be a daunting task to decide which one is the best fit for your business needs.
Dubai is a thriving city that has been attracting people from all over the world for years. It is known for its luxury lifestyle, stunning architecture, and thriving business environment. One of the most attractive features of Dubai is its Free Zone areas.
