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Offshore & Free zone company setup

Free Zones are specialized areas set up to boost business and economic activities. Some Free Zones offer  Offshore Compasnies structures setup. Free Zones usually offer a wide range of investment and business solutions; tax exemptions and advantageous customs regulations, to help investors enact their business plan, and create a powerful presence in the region.

UAE as well as Dubai offer flouring business platforms and markets ready to expand and grow - for, towards and with your business and investments.

There are multiple Free zone areas around the globe that offer a lot of possibilities for business opening and economical activities, with flexible rules and regulations and at a much lesser expense then in any mainland areas or country, but none of the free zone areas is up to the competition with the UAE free zone’s growth, reputability and productivity.

There are 38 active free zones on the territory of UAE, of which 18 are activating on the territory of Dubai. On top of that, Dubai has another 14 free zones that are at the current state of under development or planned to be opened in near future. hree UAE FZ districts offer possibility of Offshore Company Setup. The transparent economical policies and extremely well thought procedures for business opening in the free zone areas will permit you in a short time period and at a much lesser effort become a foreign investor on the territory of UAE, and have a well reputable environment for your investments.

Offshore companies with good reputation around the world and high bank credibility are a unique opportuity in the UAE.

The free zones offering such offshore companies registration in UAE are: Jebel Ali FZ; Ajman FZ and Ras al Khaimah FZ. The formation price differs from one another, but the final package and business offer si rather similar.

Offshore company setup process is rather transparent and efficient, in most cases, a maximum of 7 working days is required for the completion of the process.

  • Offshore companies in Dubai and UAE do not offer residency or investor visas possibility as they come with no obligations of an office rent and the physical presence/PO BOX number is attributed by the offshore company formation agent.
  • Only registered agents with the offshore disctricts are allowed to process formation and ammendments to the UAE offshore companies documents.

Why open a company in a UAE free zone/Offshore District? Free zone company creation

  • You own 100% of the business (No local sponsor requirements)
  • No charges in form of income Tax
  • No capital Tax charges
  • No restrictions for currency
  • Operational Low cost
  • Well developed infrastructure
  • Professional, productive and reliable support services
  • Repatriation of profits and capital in 100% proportion

Free Zones in Dubai and UAE offer multiple facilities for running the business operations:

  • Fast-Track company formation and licensing.
  • Opportunities to rent land for development.
  • Accommodation for personnel on the Free zone territory.
  • Smart desk facilities (Having an offshore company that meets the minimum requirements and expenses for opening and owning it, no office or other units rent needed.)
  • Office/Factory/Warehouse units for lease.
  • Low cost energy expenses.
  • Well-developed transportation links (By road, sea, air).
  • Enticing work environment.

Dubai is offering a wide range of free zones, each of them designed with its unique regulations in order to facilitate a specific industry or business.

Contact us and find out more. We are ready to assist you in your offshore and free zone opportunities research, and advise what best suits your needs.

 

Comparative Chart - Free Zone Company Establishment Fees and Regulations / Dubai; UAE Free Zones.

No.

Parameters of Comparison

Jebel Ali
Free Zone (JAFZA)

Dubai International Financial Center (DIFC)

Dubai World Central (DWC)

Dubai Airport
Free Zone (DAFZ)

Ras Al Khaimah
Free Trade Zone
(RAK FTZ)

Ras Al Khaimah Investment Authority (RAKIA)

Sharjah Airport
Free Zone

DMCC
Free Zone

Hamriyah
Free Zone

1

Types of License Allowed

General Trading. Trading, Service, Industrial, National Industrial.

NB: General Trading license allows the holder to import, export, re-export, distribute and store the products.

Commercial License,

Professional License

General Trading License,

Specific Trading License, Service License,

Logistics License, Aviation License

Trading (Import, export, distribution and storage off Specific Items)

Service, Industrial.

NB: General Trading License is not issued, however in Special situations it can be obtained only with the DAFZA authorities approval.

General Trading,

Industrial License,

Commercial License,

Service License.

Consultancy/Service License,

Trading License,

General Trading License,

Commercial License,

Industrial License.

General Trading,

Industrial License,

Commercial License,

Service License.

Commercial License,

Services License,

Industrial License

General Trading,

Industrial License,

Commercial License,

Service License.

2

License Annual Fee

General Trading - 30.000 AED/ US$ 8175 per year;

Service – 8000 AED/USD 2180 per year;

Others – 5500 AED/USD 1499 per year.

 

 

Up to 12000 US $/ 44100 AED

General Trading – 20.000 AED/ US$ 5442

All other licenses – 10.000 AED/ US$ 2721

Starting from AED 10,000

General Trading- 12,000AED/ US$ 3270,

Other Licenses – 2750 AED/US$ 750.

Initial obtaining fees:

General Trading – 24.500 AED

Services/Media – 19.500 AED

Industrial-26.000 AED,

Commercial – 16.000 AED

NB: Annual renewal fees are in the range of 17.000-24.000 AED.

General Trading – 15.000 AED / US$ 408,

Other Licenses – 7500 AED/ US$ 2044.

20.010 AED/ US$ 5445

General Trading- 12000 AED/ US$ 3270;

Other Licenses- 2750 AED/ US$ 750.

3

Processing Fee

500 AED/USD 137 –Non-refundable processing fee.

500 US $/ 1837 AED

200 AED per Document

N/A

N.A

N/A

N.A

Pre approval – 1000 AED/US$ 272

N.A

4

Facilities Available

Offices, Showrooms, Plots of land, Warehouses, Business Park, On-site Residence.

Third Party Offices Rental (from local developers)

Retail spaces, Showrooms, On-site residence.

Offices, Smart Desk offices, Smart desk, Plots of Land, Warehouses, Business Park.

Offices,

LIU (Light Industrial Units), Land Plots.

Offices,

Warehouse, Plot of Land for developments.

Industrial Land, Warehouse, Executive Office, Standard Office, Cubicle Office.

Offices, Warehouse, Plots of Land

Flexi Desk, Flexi Offices, Offices for Rent, Retail Spaces.

Offices,

Warehouse, Plot of Land.

5

Director/

Secretary requirements

The Director should be a resident of UAE, can be appointed in the position of a Manager and Secretary.

The Director can be assigned in the position of Manager and keeps the full responsibility for the company's libilities.

The Director can be assigned in the position of Manager and secretary

(Minimum of one person)

The Director should be a resident of UAE, can be appointed in the position of a Manager and Secretary.

The Director can be assigned in the position of Manager and secretary

(Minimum of one person)

The Director can be assigned in the position of Manager and secretary

(Minimum of one person)

The Director can be assigned in the position of Manager and keeps the full responsibility for the company's libilities.

The Director can be assigned in the position of Manager and secretary

(Minimum of one person)

The Director can be assigned in the position of Manager and keeps the full responsibility for the company's libilities.

6

No. Of Visas Issued.

Offices – 1 visa per 9sqm.

Offices – 1 visa per 10sqm.

Smart Desk – 2 Visas per company from the start;

Smart Offices – 3 visas;

Business Park – 1visa per 8sqm

Industrial – 2visas initially and up to 20 visas in total. (In accordance with the warehouse size)

Smart Offices – 2 visas;

Light Industrial – 2 visas initially then number increasing in dependance with the industrial business size.

Offices – 1 visa per 10sqm.

Offices – 1 visa per 10sqm.

Plot of Land - 3 visas for the managing team then labor visas 1 per 10 built sqm.

Offices – 1 visa per 10sqm.

Industrial – 13-15 visas depending on total size.

NB: No visas offered without office rent facilities.

Offices – 1 visa per 10sqm.

Plot of Land - 3 visas for the managing team then labor visas 1 per 10 built sqm.

Offices for rent – 1 visa per 9,29 sqm

 

Flexi desk – 3 visas.

 

6

Insurance Fees

4 AED / US$ 1.10 per sqm.

Property, Third Party, Employee Insurance taken by the Company.

 

Property, Third Party, Employee Insurance taken by the Company.

Property, Third Party, Employee Insurance taken by the Company.

Property, Third Party, Employee Insurance taken by the Company.

Third Party Liability – 1500 AED / US$ 409.

Property, Third Party, Employee Insurance taken by the Company.

Property, Third Party, Employee Insurance taken by the Company.

7

Signboard/

Name Plate Fee

AED 500/ US$136

Name reserving fee 800US$/ 2940 AED (optional)

 

Included in Overall Cost

Included in Overall Cost

Included in Overall Cost

300 AED / US$ 82

 

Included in Overall Cost

8

Company Types Permitted

FZE (only 1 Shareholder), FZCO (2-5 Shareholders), Branch Company,

Offshore Company.

Limited Liability Partners, Limited Liability Company, Special purpose company, Non-Profit Incorporated Organization

Newly established LLC-FZE, FZCO, and Branch of existing company.

 

NB: Holding not allowed

FZE (only 1 Shareholder), FZCO (2-50 shareholders), Foreign Company Branch .

FZE (only 1 Shareholder), FZCO (2-5 shareholders), Foreign Company Branch , Branch Company.

FZE (only 1 Shareholder), FZCO (2-5 shareholders),

Free Zone Branch

 

Non Free Zone Establishment

Non Free Zone LLC

Non Free Zone Branch

FZE (only 1 Shareholder), FZCO (2-5 shareholders), Foreign Company Branch , Branch Company.

Newly established LLC-FZE, FZCO, and Branch of existing company.

 

FZE (only 1 Shareholder), FZCO (2-5 shareholders), Foreign Company Branch , Branch Company.

9

Registration One Time Fee for FZE

AED 10,000/US$ 2725 +(MoA, AoA attestation – AED 200 + Specimen signature AED 50, +Board Resolution AED 200.

4000 US$ / 14700 AED

2000 AED/ 544 US$

10,000 AED / US$ 2721

7000 AED/ US$ 1905

5000 AED/ US$ 1360 +

MoA -2500 AED/US$ 680

10.000 AED / US$ 2721

9010 AED / US$ 2451 +

MoA -2010 AED/US$ 547

9000 AED/ US$ 2460

10

FZE Share Capital

AED 1,000,000/ US$272109 -Minimum.

Minimum 50.000 US$/ 183.750 AED

300.000 AED/ 81.632 US$

 

Minimum of AED 1000000 is required. Each Share should be in denomination of AED 1000

Minimum of 100.000 AED/ US$ 27250.

Industrial – 150.000 AED/US$ 40.816

General Trading – 1.000.000 AED/US$ 272109

Others not mandatory.

Minimum of 150.000 AED/ US$ 40816.

50.000 AEd / US$ 13606 minimum per company and 10.000 AED / US$ 2721 minimum per shareholder.

A minimum of 150.000 AED/ US$ 40.870.

11

FZCO Shared Capital

AED 500,000/ US$ 136250.

 

Minimum 50.000 US$/ 183.750 AED

300.000 AED / 81.632 US$

 

500.000 AED/US$ 136250 and each share has to be of 100.000 AED

Minimum of 100.000 AED/ US$ 27250.

Industrial – 200.000 AED/US$ 54.421

General Trading – 1.000.000 AED/US$ 272109

Services/Consulting – 150.000 AED/US$ 40.816

Minimum of 150.000 AED/ US$ 40816.

50.000 AEd / US$ 13606 minimum per company and 10.000 AED / US$ 2721 minimum per shareholder.

A minimum of 150.000 AED/ US$ 40.870.

12

Registration One Time Fee for FZCO

AED 15,000/US$ 4087.

+(MoA, AoA attestation – AED 200 + Specimen signature AED 50, +Board Resolution AED 200.

8000 US$ / 28400 AED

3500 AED/ 952 US$

15,000 AED/US$ 4087

7000 AED / US$ 1907

5000 AED/ US$ 1360 +

MoA -2500 AED/US$ 680

10.000 AED / US$ 2721

9010 AED / US$ 2451+

MoA -2010 AED/US$ 547

9000 AED/ US$ 2460

13

Security Deposit

10% annual rentals.

N.A

N.A

30,000 AED/US$ 8175

3000 AED/ US$ 817

20 % of the first year rentals.

3500 AED / US$ 954

3000 AED/ US$ 816

2500 AED / US$ 682

14

PO. Box Charges.

AED 800/ US$ 218.

300 AED

100 AED + actual

 

N.A

N.A

820 AED/ US$ 225

No fixed price, the process and pricing is in accordance with Dubai PO Box authority.

350 AED / USD 96