| Registry | Free Zone Company in the Emirate of Dubai registered with the Registry of Meydan located in the district of Meydan. |
| Authorized activities | The company may engage in any activity except banking, insurance and financial activities (such as currency exchange). The management of funds for third parties is not allowed. |
| Minimum capital | Minimum AED 100,000. |
| Manager | Minimum one. It can be either a natural person or a legal entity (in which case, a natural person Manager must also be appointed). |
| Partner(s) | Any natural person (individual – minimum 21 years old) or legal entity (company), regardless of nationality. No nominee partners. |
| Local sponsor / Agent | Not required. |
| Accounting | Mandatory. |
| Audit | Mandatory. |
| Registration timeline | 2 weeks max. |
Timeframe to anticipate
Here are the anticipated timeframes:
– 3 business days to prepare the registration documents for your company upon receiving your payment. The document signing is electronic, so there is nothing to send back via mail.
– A maximum of 7 business days to receive the Certificate of Registration for your company.
– For the residence visa, you have two options:
— Case #1: If you are present in Dubai for 3 weeks (from Monday morning to Thursday evening, two weeks later) to obtain your visa.
or
— Case #2: If we submit your application to the Immigration Services 3 weeks BEFORE your arrival in Dubai. In this case, you will need to be present for only 6 business days in Dubai (from Wednesday morning to the following Wednesday evening) to obtain your visa (pink sticker affixed to your passport).
– If applicable, visas for your spouse/spouse/child(ren): Once you have obtained your residence visa and have rented/purchased real estate in Dubai, we can submit visa applications for your spouse/spouse and children (see the required documents on page 15 attached).
– Emirates ID (credit card-sized identity card): It is now required to schedule an appointment with the authorities to undergo fingerprinting. Currently, the wait time for an appointment is 3 weeks. To make this appointment, you need to be present in Dubai and have already undergone the medical examination. A maximum of 2 hours is required to complete the fingerprinting process (we will also accompany you, of course). The Emirates ID will then be received at our P.O. Box, at least 7 business days after fingerprinting (your presence is not required to receive it; we will keep it for you if you are no longer present).
– UAE driving license: As soon as we receive your Emirates ID, we can assist you with obtaining your UAE driver’s license in 2 hours on-site (note that you can no longer drive with a foreign license once you have obtained a residence visa).
– Personal bank account: Once your Emirates ID is obtained, we can meet with the bank to open your personal bank account. It takes 5 business days to obtain it.
– For a professional bank account, you have two options (both are possible, of course!):
— Online bank: Opening is possible as soon as the company is registered, and it takes a maximum of 5 days to receive your account number.
AND (both options are possible without additional cost!)
— Local bank in Dubai: Opening is possible as soon as you have obtained your residence visa, and it takes approximately 3 weeks to receive your bank account number with a local bank in Dubai.
RATES FOR THE COMPANY AND RESIDENCE VISAS
Company Set Up Packages
Here are the rates for the company:
Please note:
– The disbursements (fees charged by the Authorities) include the company’s license fee (the cost of which depends on the number of eligible visas), the Dubai Government fee (Knowledge & Innovation fee of AED 20) and, from 1 visa onwards, the Establishment Card fee (company identification card which is also compulsory, of AED 2,000 in the first year and AED 2,200 per year from the second year onwards). It should be noted that the Establishment Card fee is AED 200 higher from the second year onwards (to be added to the above amounts). This fee also includes a co-working shared desk of AED 375 per year to house the company’s headquarters.
– The number of eligible visas indicated is for partners and employees only, not for their families (husband, wife, children).
– Visa fees are not included in the above rates (see Residence Packages below).
– It is possible to have up to 3 activities per license. Above 3 activities, the Registry charges AED 1000 per year for each additional activity.
– There is no additional cost if you have a consulting activity AND a merchandise selling activity within the same company.
Residency Package
Here are the rates for the residence:
Please note:
– If a residence visa is requested while you are present in the UAE on a tourist visa, there is an additional cost of AED 1,600 to change your status to a residence visa.
– Local medical insurance is required for any residence visa (starting from AED 800 per year, please contact us for details).
– The visas listed below are automatically canceled if the holder spends more than 6 consecutive months outside the UAE. For an investor visa, the consecutive time outside the country is 12 months.
– Exchange Driving License: If applicable, for AED 1,055, it is possible to exchange a foreign driver’s license with a UAE driver’s license. This amount is payable on-site (we provide free assistance for this exchange). Please note: for some countries (such as France, Belgium, etc.), the original driver’s license is returned to you with the new UAE driver’s license.
– For family visas (spouse/children) sponsored by an investor visa holder, a deposit of AED 3,000 per visa is required (refundable upon visa cancellation).
