Company Registration and Work Permit

Consisting of 7 emirates, the UAE is one of the largest economic hubs of the Middle East. Those considering setting up a company in the UAE should keep in mind that they can do it in one of the United Arab Emirates’ special FZs. They should also be mindful of the fact that they will be provided with comprehensive support on the part of the UAE government.
Today, more than half of the country’s income (or 69%) is generated in the oil sector. The second most profitable sector is banking. There are no taxes on income, therefore, obtaining a business license in UAE is an absolute must for entrepreneurs seeking to multiply their capital. Please note that renewing a license costs $5,000 a year.
The total number of Free Zones or Free Economic Zones is 46.
  • Enjoy your full income with the UAE’s 0% income tax scheme.
  • Send back 100% of your capital and profits to your home country.
  • Tap into the growing market demand brought by the Expo 2020.
  • Get exemption from customs duties on imports and exports.
  • Leasing an office space is not required (depending on the free zone).
  • Minimum paperwork and auditing required.
  • Access new markets in the Middle East, Africa, Europe and Asia.
  • Benefit from 110+ global Double Taxation Agreements.

Both residents and non-residents can open a company in the UAE.

Requirements to setup a company:

✅ Determine where you want to setup
✅ Determine appropriate business license based on economic activities
✅ Reserve a company name
✅ Obtain business license
✅ Open a local bank account
✅ Set-up and operate

Documents required to register a company:

✅ Registration certificate
✅ Photocopies of shareholders’ passports
✅ Name in the Register
✅ Bank statement

📝 Registration in IFZA Company in UAE including the professional trade license of the company. 
All documents preparation and submission of all re-requisite original documents to IFZA free zone authority. Follow-up until company incorporated.

📝 Formation of IFZA Zone Company incl initial application, registration fee, MOA fee, virtual office, etc. Government Fee: $ 3,200
Free zone authority, license is required update on annual basis

🏦 Corporate Bank Account - 4 weeks 

Emirates NBD or Mashreq Bank


🤝 Residency - Working Visa - 1 month 

Including immigration approval, medical, ID, Visa, contracts, etc.


✅ 1 year employment contract
✅ Health Insurance
✅ Accommodation *rent contract & Bills


✅ Passport
✅ Working contract
✅ Rental Contract

🏦 Personal Bank account - 2 weeks 

🏦 Tenancy contract only for bank purpose. $ 1,000 (associate fees - one time). Requirements from Bank to open a bank account. This cost may be avoided if the client can arrange a letter from family or friend living in UAE (address is needed) and ID card


✅ Legal Status in UAE - Residency
✅ Accommodation


✅ Residency & Passport
✅ Rent agreement + Bills

🏦 Additional Expenses:

  1. Approximate accommodation budget $1,500 - $3,000 per month payable directly to a landlord + utility bills.