Business setup in Dubai - Mainland, Freezone, or Offshore!
April 24, 2023
Confused! Where to start your business in Dubai? Mainland, Freezone, or Offshore. Which is the right choice? Contact NHBC business setup consultants!
Where to start your business in Dubai? Mainland, Freezone, or Offshore!
Dubai is a spectacular space to launch your business. The tax-freestatus, geographical location, and endless opportunities turn Dubai into ahaven for investors. It’s a huge space to experiment with a lot of new andexciting business opportunities. Several businesses consider Dubai in theirexpansion plan. For start-ups or existing businesses, it’s essential to understandthe business setup rules and regulations in the UAE.
The UAE provides three different jurisdictions mainland, freezone, and offshore. Each jurisdiction has its business opportunities andrestrictions. The business operation and registration process varies accordingto the jurisdiction. The company set up depends on the nature of your business.
Check out the comparison between these jurisdictions, so you candecide the best choice for your business,
Mainland company setup
Mainland companies have access to the local market and outside the UAE. To start your company on the mainland, you should get approval from the DED or Department of economic development of the concerned Emirates.
As per the commercialcompanies' law, UAE allows complete ownership to mainland companies. This lawcame into effect on June 1st, 2021. Earlier, mainland companies could own only 49% of shares and theremaining shares were owned by a UAE national
Mainland company has norestrictions. They are free to start their business anywhere in the Emirates.
Business setup cost
Mainland business setup iscostly. You have to pay the license fees, office rent, approval fees fromvarious departments, registration fees, and sponsorship fees.
Office space is mandatory while running a business on the mainland. Businesses need a minimum of 200 Sqft of office space as per the DED regulations.
Mainland companies have novisa limitations. The residence visa depends on the leased office space orbusiness facility. Business owners get 1 visa per 80 Sqft.
Freezone company setup
Free zones are unique jurisdictions with their governing bodies and regulations. Business owners engage in trading or other activities within the Freezone or outside Dubai. Freezone allows complete ownership and the perfect ecosystem to scale up your business.
Freezone companies have100% ownership. Business owners don’t need a service agent or localsponsor to start their business in Freezone.
Freezone companies are notallowed to operate on the mainland.
Business setup cost
Freezone is an affordablebusiness setup option. The cost varies according to the free zone. But mostlyall the free zones charge registration fees, share capital, office fee, andlicense fee.
Free zones offer a varietyof office spaces ranging from flexi-desks to virtual desks.
The number of visas dependson the office size and space. Usually, free zones allow 3 to 6 visas
Offshore company setup
Offshore companies don’toperate in the UAE directly. The company has an international location andfollows the regulations of that particular country. Although, there can be ashareholder of any free zone company or mainland firm allowing them to enterthe market and operate the business activities.
Offshore companies havecomplete ownership but they don’t hold a physical presence in the UAE.
Offshore companies can dobusiness in the free zone or mainland.
Business setup cost
Offshore is the cheapestcompany setup option. You don’t have to pay any capital deposits or spend anycost for visas or office space.
Offshore companies don’t need a physical space in the UAE. An offshore company is located outside the country.
Offshore companies are notallowed to issue resident visas.
Kick off your business anywhere in Dubai with NHBC consultants!
Hope you got an idea regarding the jurisdictions and their uniquefeatures. Now, let the countdown begin to launch your business in Dubai.
NHBC business Setup Company is a legal choice to start yourcompany in the UAE. Our team of experts advises in choosing the bestjurisdiction based on your business. We include technology-infused services anddigital registration process to ensure a competitive advantage. We boost yourbusiness with expert decision-making and smooth processing.
Freezone, mainland, or offshore, we confirm ultimate supervision and leadership in setting up your business without any hassle.
please call us at +971 58 500 8643 or email us at email@example.com and we will get back to you at the earliest.