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United Arab Emirates – DWC Free Zone Companies
The Free Zones are designed to encourage foreign investment with easier start-up processes as well as lower overhead cost. Each free zone has its own authority and its own rules, which are applicable to investors looking to set up firm in those zones.
Dubai World Central (DWC) Free Zone is defined as a particular selected area within the United Arab Emirates (UAE) where you are able to establish specific entities once they meet specific regulations. Dubai World Central (DWC) is a top-notch city that revolves around Al Maktoum International Airport, governed by the Dubai Aviation City Corporation entity, which is a government authority of Dubai. Establishing a business within the DWC carries a variety of benefits like trading outside the UAE, the company is not a subject to taxes in the UEA, stable environment, etc.
The official language is Arabic and the currency is UAE dirham (AED).
Company Incorporation and local Requirements
| Status | Limited Liability |
| Minimum share capital | AED 10.000 – 1.000.000 depending from zone to zone |
| Bearer shares allowed | No |
| Minimum number of shareholders | 1 |
| Government register of shareholders | Yes |
| Local directors | Yes |
| Minimum number of directors | 1-2 depending from zone to zone |
| Government register of directors | Yes |
| Corporate directors permitted | No |
| Physical company secretary required | Yes |
| Local secretary | No |
| Local meetings | Yes |
| Registered office / agent | RA not required however tenancy agreement on physical premises/virtual office facilities is required |
COMPANIES FEE SCHEDULE
Basic package
New company – 5.000 USD
Annual fees
Renewal fee – 3.000 USD
Annual license fee for standard authorized capital – 3.020 USD
Company Secretary (optional) – 2.000 USD
Registered office, DWC flexi desk rental for 1 year – 4.636 USD
Confidential package
Physical shareholder – From 5.000 USD
Corporate shareholder – From 3.000 USD
Physical director – 8.000 USD
COMPANY RELATED COSTS
Issue of a Power of Attorney – 500 USD
Legalization of a Power of Attorney (PoA) or PoA with the Dubai Court Notary Public including drafting legal Arabic translation – 300 USD per PoA
United Arab Emirates – Ras Al Khaimah – RAK Offshore
Ras Al Khaimah is one of seven emirates that form the UAE. The Emirate is also known as the ‘Rising Emirate’, having gained a reputation for its recent economic growth and emerging business opportunities.
RAK Offshore (formerly a part of RAK Investment Authority) is part of the RAK International Corporate Centre that is consolidation of two company registries in Ras Al Khaimah. RAK International Corporate Centre (RAKICC) is a Corporate Registry operating in Ras Al Khaimah, United Arab Emirates. Ras Al Khaimah’s business-friendly policies provide an excellent environment for business investments. The 0% tax rate on profits and dividends, fast incorporation and other advantages ensure a brisk increase in foreign investments.
The official language is Arabic and the currency is UAE dirham (AED).
Company Incorporation and local Requirements
| Status | Offshore Limited Liability |
| Minimum Share Capital | No minimum |
| Bearer Shares Allowed | No |
| Minimum Number of Shareholders | One |
| Government Register of Shareholders | Yes |
| Corporate Directors Permitted | Yes |
| Local Directors | No |
| Minimum Number of Directors | One |
| Government Register of Directors | Yes |
| Company Secretary Required | Yes |
| Local Secretary | No |
| Local Meetings | No |
| Registered Office / Agent | Yes |
COMPANIES FEE SCHEDULE
Basic package
COMPANY REGISTRATION COSTS (Formation fees including Government incorporation fees for the first year) – 4.500 EUR
Annual fees
Registered Office – 900 EUR
Registered Agent – 700 EUR
Company secretary – 300 EUR
Confidential package
Corporate directors (each) – 500 EUR
Physical directors (each) – 1.750 EUR
Corporate trustee shareholders (each) – 350 EUR
Physical trustee shareholders (each) – 1.250 EUR
COMPANY RELATED COSTS
Certification of Documents by Registered Agent (per document) – 350 EUR
Certification as true Copy, Notarisation and Apostille in Cyprus (per document) – 100 EUR
Certification as true Copy, Notarisation and Apostille in Cyprus (set) – 400 EUR
United Arab Emirates – Jebel Ali – Dubai
Jebel Ali is a port town 35 kilometres southwest of Dubai. Jebel Ali Free Zone (Jafza) is a free economic zone located in the Jebel Ali area at the far western end of Dubai, United Arab Emirates, near Abu Dhabi. In 1985, the JAFZA was created, an industrial area surrounding the port. International companies that relocate there enjoy the special privileges of the free zone. These include exemption from corporate tax for 50 years, no personal income tax and no import or re-export duties, no restriction on currency, and easy labour recruitment. It is the world’s largest free zone.
The official language is Arabic and the currency is UAE dirham (AED).
Company Incorporation and local Requirements
| Status | Limited Liability |
| Minimum Share Capital | No minimum |
| Bearer Shares Allowed | No |
| Minimum Number of Shareholders | One |
| Government Register of Shareholders | Yes |
| Corporate Directors Permitted | No |
| Local Directors | No |
| Minimum Number of Directors | Two |
| Government Register of Directors | Yes |
| Registered Office / Agent | Yes |
| Local Secretary | No |
| Physical Company Secretary Required | Yes |
| Local Meetings | No |
COMPANIES FEE SCHEDULE
Basic package
Total setup costs – 7.950 EUR
Annual fees
Annual Government Fees – 650 EUR
Registered Office / Agent – 2.000 EUR
Physical secretary – 400 EUR
Confidential package
Physical directors (each) – 1.750 EUR
Corporate trustee shareholders (each) – 350 EUR
Physical trustee shareholder (each) – 1.250 EUR