Comparison of UAE freezone entities in 2023

RAKEZ Free ZoneDubai Multi Commodities CenterDubai airport free zoneJebel Ali free zoneSharjah Airport Free Zone
Our recommendation in order of preference12345
Total Healy Consultants fees (US$)21,80028,78622,06326,24529,890
Incorporation time3 months3 months3 months3 months3 months
Cheapest yearly office rent estimate (US$)2,0006,00010,70016,50012,500
Yearly warehouse rent estimate (US$)25,00024,50025,00025,00027,000
Paid up share capital estimate for free zone company (US$)014,000272 (per shareholder)041,000
Paid up share capital estimate for free zone establishment (US$)014,0000041,000
Virtual office allowedYesYesNoNoNo
All shareholders must travel required for company formationNoNoNoNoNo
Legal considerations
Minimum number of shareholders11111
Minimum number of directors11111
Corporate shareholders allowedYesYesYesYesYes
Corporate directors allowedNoNoNoNoNo
100% foreign ownership allowedYesYesYesYesYes
Public register of shareholders and directorsNoNoNoNoNo
Tax considerations
Exempt of corporate tax on profitsYesYesYesYesYes
Annual tax return to be submittedNoNoNoNoNo
Statutory audit requiredYesYesYesYesYes
Access to UAE double tax treatiesYesYesYesYesYes
Can rent office premises outside free zonesNoNoNoNoNo
Allowed to import raw materials?YesYesYesYesYes
Allowed to export goods?YesYesYesYesYes
How long to get work permit approved4 weeks4 weeks4 weeks4 weeks4 weeks
Free zone work permit fee per person (US$)4,9504,9504,9504,9504,950
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For additional information on our UAE company registration services, please contact our in-house country expert, Ms. Chrissi Zamora, directly:
client relationship officer - Chrissi