Comparison of UAE freezone entities in 2022

  RAKEZ Free Zone Dubai Multi Commodities Center Dubai airport free zone Jebel Ali free zone Sharjah Airport Free Zone
Our recommendation in order of preference 1 2 3 4 5
Summary
Total Healy Consultants fees (US$) 21,800 28,786 22,063 26,245 29,890
Incorporation time 3 months 3 months 3 months 3 months 3 months
Cheapest yearly office rent estimate (US$) 2,000 6,000 10,700 16,500 12,500
Yearly warehouse rent estimate (US$) 25,000 24,500 25,000 25,000 27,000
Paid up share capital estimate for free zone company (US$) 0 14,000 272 (per shareholder) 0 41,000
Paid up share capital estimate for free zone establishment (US$) 0 14,000 0 0 41,000
Virtual office allowed Yes Yes No No No
All shareholders must travel required for company formation No No No No No
Legal considerations
Minimum number of shareholders 1 1 1 1 1
Minimum number of directors 1 1 1 1 1
Corporate shareholders allowed Yes Yes Yes Yes Yes
Corporate directors allowed No No No No No
100% foreign ownership allowed Yes Yes Yes Yes Yes
Public register of shareholders and directors No No No No No
Tax considerations
Exempt of corporate tax on profits Yes Yes Yes Yes Yes
Annual tax return to be submitted No No No No No
Statutory audit required Yes Yes Yes Yes Yes
Access to UAE double tax treaties Yes Yes Yes Yes Yes
Can rent office premises outside free zones No No No No No
Allowed to import raw materials? Yes Yes Yes Yes Yes
Allowed to export goods? Yes Yes Yes Yes Yes
How long to get work permit approved 4 weeks 4 weeks 4 weeks 4 weeks 4 weeks
Free zone work permit fee per person (US$) 4,950 4,950 4,950 4,950 4,950
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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