E-Office
GLOBAL OFFICE is specialising on company formation in all UAE Free Zones. Our services range from E-Office set ups for individuals and small companies to full set ups in Dubai for mid to large sized companies. We provide all the services necessary to get legally established as a business in the UAE.
Contact: co@globaloffice24.biz
Mobile +971-50-8462421
For comprehensive information on Free Zone
set ups we recommend our
UAE Fast Track Setup Guide (USD 29,90).
Northern Emirates Free Zones in UAE are the only Free Zones that offer a cost-effective E-Office Business Set up solution with full business license, 3-year residence visa and the option to open a corporate bank account.
Northern Emirates set up costs are a fraction of what businesses have to spend to set up a company in a Dubai or Abu Dhabi Free Zone. Therefore, this minimal business set up is becoming increasingly attractive for small companies, freelancers and investors who just want to test the waters without spending a huge budget upfront.
The E-Office set up provides full business license, residence visa and the option to open personal as well as corporate bank accounts with any UAE bank. E-Office comes, however, without any office space facility. The investor can work from anywhere in the UAE (and/or abroad) with this license and operate the bank account through online banking. For those individuals who do require physical office space, the free zones offer a “hot-desk or flexi-desk” solution, which includes a desk in a business centre along with phone, fax and PO box facilities.
Important note: The E-Office set up through a Free Zone is usually for Service companies. E-Office Trading Licenses can also be applied for. Min. cost start at AED 35,000 p.a. (excl. warehouse space) but only selected free zones provide E-Office trading licenses.
E-Office Advantage: The E-Office set up can be done with a relatively small budget. As soon as the company name approval is
given, the actual formation can be completed in 2-3 weeks. This type of set up enables the investor to open corporate and private bank accounts at any bank in the UAE.
Registration costs: for the entire first year vary from AED 20,000 (USD 5,435) to AED 48,000 (USD 13,050) plus proof of share capital.
Share capital: varying from AED 100,000 / USD 27,174 to AED 184,000 / USD 50,000. The funds are blocked for 1-3 weeks depending on how fast the formalities with the free zone can be completed. After that it can be either used for operating the business or transferred outside the UAE. Due to increasing competition among the currently approx. 35 active free zones some FZ have already started to waive share capital requirements.
Visa: With the E-Office set up usually only one residence visa will be granted (owner can sponsor his family). Some free zones offer 2 or 3 visa. Only 1 free zone currently offers 5 visa for an Virtual Office set up.
Residence: can be taken in any of the 7 emirates of the UAE (Dubai, Abu Dhabi, Ajman, Sharjah, Umm Al Quwain, Fujeirah, Ras Al Khaimah).
Benefits: The Free Zones guarantee complete tax exemption for min. 15 years, unlimited capital repatriation.
Audit: With exception of 1 free zone, meanwhile all Northern Emirates Free Zones request to submit audited records after the first year of operation in order to be able to renew the license.
Distance to Dubai: varies from 180 km to only 55 km and can be conveniently travelled on the new Emirates Road connecting Dubai with the Northern Emirates.
Investment Benefits of UAE Free Zones in general
• 100% ownership for the investor and free capital / profit repatriation
• Tax exemption for up to 15 years, some FZ go up to 25+ years (with respect to potential implementation of taxes as repeatedly requested by IMF and World Bank, incl. VAT in the UAE in a couple of years this represents a very attractive solution for the investor)
• Low energy costs & competitive labour costs (working hours per week: 46 – 48 h)
• No trade barriers, no foreign exchange controls
• Fixed exchange rate (AED: US$ 1 = Dh 3,6725)
