Frequently Asked Question
Mainland
What Is Mainland Company In Dubai?
Mainland companies in Dubai are also known as onshore companies; their license is issued by the Department of Economic Development, Dubai. Under Mainland company formation in Dubai, one can sell products all over UAE & also can export goods to other countries
How Do I Start A Company In Mainland Dubai?
If you need a mainland license in Dubai, All you have to do is to contact Radiantbiz and we will help you in company formation in Mainland Dubai. And yes, Physical presence of Directors/Shareholders is required in Dubai.
How Long Will It Take To Obtain Our Mainland License In UAE?
If your documentation gets approved and verified by the concerned authorities, you will receive your license within 2 working days.
Can I Own 100% Ownership In Dubai Mainland?
Yes, As per new amendments made to the company’s commercial law. Foreigners can now own 100% ownership in Dubai mainland.
Can I Change From Freezone License To Mainland Business License In UAE?
Free zone setup is considered one of the best options for those who are starting fresh. However, the restriction on trade in terms of the boundary makes business here a little stagnant. In cases like these, it is important to switch to a mainland company. With the right knowledge, you can get this process done easily. Follow the steps for a mainland company set up or contact a business set up consultant.
Why Do You Need A Local Sponsor In The UAE?
If you want to start any business which doesn’t allow foreigners to have 100% ownership then you need a local sponsor. Finalizing a local sponsor is also a big task and Radiantbiz helps clients in finalizing the best local sponsor for mainland company formation in the UAE.
How Long Does It Take To Set Up A Business In Dubai?
If you want to start any business which doesn’t allow foreigners to have 100% ownership then you need a local sponsor. Finalizing a local sponsor is also a big task and Radiantbiz helps clients in finalizing the best local sponsor for mainland company formation in the UAE.
What Are The Documents Required For Company Formation In The Mainland?
Passport copy of Directors/ Shareholders, Company Name & Passport size photograph of all the shareholders/Directors are required for company formation in Mainland.
What Are The Advantages Of A Mainland Company Formation In Dubai?
Flexibility to do business in any part of the UAE with local and government authorities. No limit on number of visas (depending on the size of the office space). Office premises anywhere in mainland Dubai.More options on business activities.
FreeZone
What Are Free Zones In Dubai?
A free zone is a designated area where foreign companies can establish business and benefit from advantages including tax exemptions, customs benefits, and simplified processes.
What Kind Of Permits Are Offered In The Free Zones In Dubai?
Depending on the nature of your organisation, there are many licensing categories available, including commercial, industrial, and service licenses.
Can You Rent Office Space In A Free Zone In Dubai?
Yes! The majority of free zones provide a range of workplace choices, including fully equipped offices and flexi- desks.
Which Is The Cheapest Free Zone Company Setup In The UAE?
The cheapest freezone in Dubai is called DAFZA; it is situated in the Emirate of Dubai and provides cost-effective packages for companies of all sizes, as well as the least expensive trade licence in Dubai. The annual cost of the Dubai Free Zone Licence ranged from 10,000 to 50,000 AED.
Is The Dubai Free Zone Tax Free?
Yes, according to the latest amendments by the Ministry of Finance, A 0% tax rate will apply to qualifying firms in the UAE’s more than 30 free zones, which export tens of billions of dollars’ worth of goods to neighbouring states.
How do I establish a business in a Dubai free zone?
1. Determine your legal structure.
2. Choose a business name.
3. Apply for the license.
4. Choose your office type.
5. File the company and obtain approvals.
What is the expense of setting up a business in a Dubai free zone?
The expenditures start from AED 12,900, depending on the zone and services selected
How Long Does It Take To Establish A Company In A Free Zone In Dubai?
It can take anywhere between one and two weeks, depending on the kind of business you’re starting and the free zone you choose.
Can a free zone company do business in the Dubai mainland?
No, free zone companies cannot directly conduct business in the mainland unless they either have a local distributor or a mainland branch.
What Is The Cost Of A Freezone Visa In The UAE?
Yes, according to the latest amendments by the Ministry of Finance, A 0% tax rate will apply to qualifying firms in the UAE’s more than 30 free zones, which export tens of billions of dollars’ worth of goods to neighbouring states.
How do I choose a free zone in Dubai?
Make a decision based on:
1. Business activity.
2. Office requirements.
3. Number of employees.
4. Proximity to customers or logistics.
Offshore
What Is Offshore License?
An offshore license is the license that enables you to open an offshore company. By opening an offshore company, you get to trade outside the city you are setup in and maintain privacy as well.
Are Offshore Accounts Ethical?
When you follow the rules, offshore banking is perfectly legal, and it gives you the means to better protect your assets against economic and government turmoil while giving you a higher level of currency diversification and financial strength.
What Is Offshore Company Formation?
An offshore company is one that is incorporated in a jurisdiction other than the jurisdiction that constitutes its main place of operations or where the company's principal investors reside. In a broader sense, offshore simply means a jurisdiction other than your own.
What Are The Benefits Of An Offshore Company?
1. Privacy.
2. Asset protection.
3. Reduced tax liability.
4. Protection against lawsuits.
5. Flexible business laws.
6. Ease of operation.
7.Confidentiality.
Is It Possible To Receive UAE Residency Visa Over Dubai Offshore Company?
No. This is one of the main differences of Dubai Offshore company to onshore company. Offshore companies do not provide the possibility to receive residency visas over such companies.
How do I form an offshore company in the UAE?
Steps include:
1. Choose a name and legal structure.
2. Submit application and documents.
3. Draft MOA & AOA.
4. Open an offshore bank account
How Much Does It Cost To Open Offshore Company In UAE?
Wondering about the cost of opening an offshore company in the UAE? Prices vary based on the type of company and additional services. Contact us for a personalized quote today.
What Is The Difference Between Freezone And Offshore Company In UAE?
A Freezone company offers onshore benefits with foreign ownership, while an offshore company provides tax advantages and privacy, best suited for international operations.
What Are The Different Types Of Offshore Companies In Dubai?
RAK Offshore and JAFZA Offshore each offer unique benefits. RAK is more cost-effective, while JAFZA is the only offshore company legally permitted to own property in Dubai. It is important to note that UAE Offshore Companies are distinct from UAE Free Zone Companies.
Does an offshore company need to file for VAT in the UAE?
No. Offshore companies are not eligible for VAT, since they don't conduct business in the UAE.
