Free Zone Company | Mainland Company | |
Ownership | 100% foreign ownership | 100% foreign ownership for most activities. Certain activities may have a requirement of a Local Sponsor or Local Service Agent |
License Issuing Authority | The free zone authority | The Department of Economic Development |
Visa Quota | Visa quota depends on the package selected and is subject to the free zone authority | Visa quota allocated based on the office size |
Audit Requirements | Audit requirements depend on the free zone where it is incorporated | Yearly financial audits are mandatory |
Business Activities | Can undertake activities permitted by the free zone authority. Certain free zones are industry-specific. For instance, you can mostly undertake financial activities in a financial free zone. | Can choose from over 2000 activities permitted by the DED. |
Frequently Asked Questions
The registration fee for a Dubai company varies from one jurisdiction to another.
Starting a venture in Dubai involves a series of steps and paperwork to obtain the necessary approvals from the authorities. It is highly recommended to acquire the services of a business setup service provider in Dubai.
As a leading business hub, Dubai is an ideal location to start almost any type of business. However, the most profitable businesses as per the latest trends are F&B, digital marketing, IT, construction, consultancy, tourism, and so on. For setting up a new business in Dubai, we would advise you to choose a business activity that specifically interests you or something that you specialize in.
Yes, foreign nationals can start their business in Dubai. It is not necessary that an individual needs to hold UAE citizenship to undertake entrepreneurship here.
Free zones in Dubai allow 100% ownership for foreign nationals. On the other hand, mainland businesses are permitted 100% foreign ownership for most activities. Certain activities still require you to partner up with a UAE national for ownership.
Here are some of the naming conventions to be followed during the registration process for a company in a Dubai free zone. The business name must:
This would depend on the free zone authority in question. For example, IFZA allows you to virtually register a company in Dubai. This essentially means, the shareholders need not be physically present in the UAE.
InZone is a leading corporate service provider with experienced business setup consultants in Dubai offering you complete guidance to obtain a Dubai Trade license.
Business setup in Dubai can be an overwhelming process if done without professional assistance. Since it involves substantial paperwork and complex procedures, it is advisable to hire a consultant for company registration in Dubai.
Among all the free zones in Dubai, Meydan FZ emerges as your cheapest option to open a company in Dubai.
Just like Dubai, you can choose from free zone and mainland jurisdictions in the rest of UAE for launching a venture. It is necessary to carefully evaluate each available option before you set up a company in the UAE. Get in touch with our experts for comprehensive guidance on all the available alternatives.
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