Free zone company set up in Dubai
Essentially free zone company can be set up anywhere in UAE and can operate from anywhere in the country. The biggest advantage is that, it can use any address and bank to correspondence.
What is the minimum fee to register a free zone company?
An: The minimum fee of setting up a free zone will be AED 11,500 where visa facility is not available.
Which free zone is best free zone?
An: This question is irrelevant because the it depends the purpose of formation of the company. Investors may look at infrastructure, distance, easiness of process, hassle free transactions, friendly staff and multiple other parameters. All free zone companies have its own salient features.
Can free zone company open bank account?
An: Legally speaking, a free zone company or any entity registered legally is eligible to open the bank account. In reality, although it is legally registered, you have to hold a visa along with other essentials such as proper address, track of business, transaction history etc to cover the bank’s requirements.
What is the cost of a free zone Visa?
An: The cost of free zone visa including, issuance of visa, medical fitness certificate, National ID, status change and stamping of visa in the passport together cost you a minimum of $ 3672 where a refundable fee of $1967 will be paid to govt. In reality these are costs.
Is bank account opening cost?
An: It is absolutely free
Is free zone company an ideal solution for the bank account or a mainland company?
An: Of course, mainland company is the best solution as which have unlimited freedom and comparatively the cost is more or less same, easy to form and bank account gets opened in 4 working days. The cost of setting up of a mainland company is $ 10,000/-for one year. Free zone company have to have an office, telephone connected in office, secretary in office, all together it is tough job to go through. The only one advantage for the free zone company is to hold 100% shares of the company.
Is there any solution to open bank account for free zone company without Visa and in a easier way?
An: Yes, there is. We can help you to do the same under nominated directors on board which will satisfies the regulatory requirements of bank.
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