Free Zone Company Formation Cost Many expatriates come to Dubai following their dreams and to have better lives. Whether you’ve just moved or you have been here for years and you want to venture out into the business world, then there are many factors worth considering before you decide to start your own company. The preliminary costs for free zone company formation are the major deciding factors whether you’ll be able to take on onto this new challenge. To make it easy for you, we have put together a list of some of the main costs you’ll have to add to your overall expenses. Do keep in mind that the fees mentioned below are only an approximation and gives you an idea. The costs also will vary a lot depending on many factors, including the type of company, the business itself, its location and the overall needs of the business. There are always some extra small fees that will ultimately add up. Setting up a business in the Free Zone has many benefits and these include having 100% ownership and all exemptions from the import duties. The UAE has over 35 free zones spread over seven emirates, with Dubai being the most prominent among them. Some free zones are specialist free zones and act as clusters of companies that engage in similar activities. Examples of such free zones are the Dubai Internet City, DIFC and Dubai Knowledge Park. Other free zones are trade-intensive, such as JAFZA. Some generalist free zones like DMCC, DWC, and DWTC allow for a range of activities, from commercial trading to consultancy services.
Startup Capital One-time cost - Varies Most free zones do not require actual capital to be deposited in a bank account in the name of the company, during the formation process. Some exceptions are DMCC, TECOM Free Zones, and KIZAD. However, in all cases, the money, even if deposited, can be withdrawn and used as working capital.