Comparison of UAE freezone entities

Comparison of UAE freezone entities

 RAK onshore companyJumeirah Lake towersDubai airport free zoneJebel Ali free zoneSharjah Airport Free Zone
Our recommendation in order of preference12345
Summary
Total Healy Consultants fees (US$)14,85024,95017,80022,36327,890
Incorporation time2 weeks3 weeks3 weeks3 weeks3 weeks
Yearly office rent estimate (US$)7,75010,0007,7509,5008,000
Yearly warehouse rent estimate (US$)25,00024,50025,00025,00027,000
Share capital estimate (US$) for free zone company41,00013,700 (per shareholder)136,200136,20041,000
Share capital estimate (US$) for free zone establishment40,85013,70027,25027,25041,000
Virtual office allowedYesYesNoNoNo
All shareholders must travel required for company formationYesYesYesYesYes
Legal considerations
Minimum number of shareholders21222
Minimum number of directors21222
Corporate shareholders allowedYesYesYesYesYes
Corporate directors allowedYesYesYesYesYes
100% foreign ownership allowedYesYesYesYesYes
Public register of shareholders and directorsNoNoNoNoNo
Tax considerations
Exempt of corporate tax on profitsYesYesYesYesYes
Annual tax return to be submittedNoNoNoNoNo
Statutory audit requiredYesYesYesYesYes
Access to UAE double tax treatiesYesYesYesYesYes
Can rent office premises outside free zonesNoNoNoNoNo
Allowed to import raw materials?YesYesYesYesYes
Allowed to export goods?YesYesYesYesYes
How long to get work permit approved3-4 weeks3-4 weeks3-4 weeks3-4 weeks3-4 weeks
Free zone work permit fee per person3,9503,9502,9503,9502,300
Draft Invoice

Contact us

For additional information on our UAE company registration services, please email us at email@healyconsultants.com. Alternatively please contact our in-house country expert, Ms. Chrissi Zamora, directly:
client relationship officer - Chrissi