Setting up a company in Dubai is an attractive goal for many entrepreneurs worldwide. One of the most popular options is to set up a freezone company. This article looks at the costs and benefits of setting up a freezone company in Dubai with the support of Setupco Consultancy and the experienced management consultant Andreas Schmidt.

What is a freezone company?

A freezone company in Dubai offers numerous benefits specifically tailored to international investors and entrepreneurs. Freezones are special economic areas in the United Arab Emirates (UAE) that are designed to make it easier to start a business and provide foreign investors with access to the market.

The main advantages of a freezone company include:

• 100 % foreign ownershipUnlike mainland companies, which in many cases require a local sponsor, freezone companies can be 100 % foreign-owned.
• Tax exemptionsFreezone companies benefit from exemption from corporation tax and income tax, which makes them particularly attractive for international entrepreneurs.
• Free transfer of capital and profitsThere are no restrictions on the repatriation of profits and capital to the home country.
• Duty freeImport and export of goods into a free zone is exempt from customs duties.

With these advantages in mind, the question arises: What does it cost to set up a free zone company in Dubai?

Costs for setting up a freezone company with Setupco Consultancy

The cost of setting up a freezone company varies depending on the type of company, the desired freezone and the specific requirements of the entrepreneur. Setupco Consultancy, headed by Andreas Schmidt, offers customized solutions to make the start-up process as smooth as possible. Here are the most important cost factors:

1. License fees

Each freezone has its own license requirements depending on the type of business activity. The most common licenses are:

• Trade licenseFor companies that focus on trading in physical products.
• Service licenseFor consultants, freelancers and service providers.
• Industrial licenseFor companies that are active in production or manufacturing.

The license costs usually start at approx. AED 12,000 (approx. EUR 3,000) per year and may be higher depending on the free zone and business activity.

2. Office and workplace costs

Another important cost component is the rent for an office or workspace. Some free zones offer so-called Flexi-Desks which enable a cost-effective start. The prices for Flexi-Desks start at approximately AED 5,000 (approx. EUR 1,250) per year.

Fully equipped offices are also available for companies that require more space. The rental costs for an office start at about AED 10,000 (approx. EUR 2,500) per year, depending on size and location.

3. Visa costs

The granting of work and investor visas is an essential part of the start-up process. The cost of a visa depends on the number of employees you wish to employ. The cost of an investor visa is usually around 4,000 to 5,000 AED (approx. 1,000 to 1,250 EUR) per year. Additional costs of a similar amount are incurred for each additional employee visa.

4. Registration and formation costs

The one-off costs for registering the company in the Freezone and the processing fees are usually around 8,000 to 10,000 AED (approx. 2,000 to 2,500 EUR).

5. Additional services from Setupco Consultancy

Andreas Schmidt and his team at Setupco Consultancy offer comprehensive consulting services in addition to pure company formation to help you choose the best freezone for your business, apply for the right licenses and simplify the entire bureaucratic process.

Setupco's consulting fees vary depending on the scope of services, but generally start at approx. 7,000 AED (approx. 1,750 EUR). This price includes personal advice, support in preparing the necessary documents, dealing with the authorities and registering the company.

Total costs for setting up a freezone company

To summarize, the cost of setting up a freezone company in Dubai with the help of Setupco Consultancy can range between 40,000 and 60,000 AED (approx. 10,000 to 15,000 EUR) lie. This price depends heavily on the individual requirements, the selected free zone and the number of visas required for the company.

Why choose Andreas Schmidt and Setupco Consultancy?

With years of experience in advising entrepreneurs from Germany, Switzerland and Iran Andreas Schmidt has developed an outstanding expertise in setting up companies in Dubai. His extensive network and in-depth knowledge of local conditions make him the ideal partner for international entrepreneurs looking to set up a free zone company in Dubai.

Close cooperation with the relevant authorities and knowledge of the latest legal requirements guarantee a smooth and successful incorporation process. Whether it is the foundation of a Luxury watch businessone Jewelry trading company or one Car rental acts - Andreas Schmidt and his team are at your side to successfully establish your company.

Conclusion

Setting up a free zone company in Dubai is an attractive option for international entrepreneurs who want to benefit from the numerous advantages of the business location. With the services of Setupco Consultancy and the expertise of Andreas Schmidt the entire start-up process is simple, transparent and cost-efficient. The costs vary depending on individual requirements, but a total budget of 10,000 to 15,000 EUR is realistic to achieve a successful business start-up in one of Dubai's many free zones.

For detailed information and individual advice, please contact Setupco Consultancy available at any time.