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
Total Healy Consultants fees (US$)16,85026,95017,80023,36327,890
Incorporation time3 months3 months3 months3 months3 months
Yearly office rent estimate (US$)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 approved4 weeks4 weeks4 weeks4 weeks4 weeks
Free zone work permit fee per person3,9503,9502,9503,9502,300
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client relationship officer - Chrissi