Freezone VS Mainland Dubai company in 2024: What differences?

[HeinzKetchup69]

My business is in the Ecommerce industry, customers are 100% outside of the UAE and I plan on living 9 months a year in Dubai.
Since right now there is a 9% Tax on all companies, would it make sense to set up a regular mainland UAE Dubai company rather than a Freezone?

I heard with mainland it's easier to set up a bank account and overall the set up is cheaper, can someone correct me and highlight the pros and cons of a
Freezone VS mainland company today in 2024?

 

[JackAlabama]

HeinzKetchup69 said:
My business is in the Ecommerce industry, customers are 100% outside of the UAE and I plan on living 9 months a year in Dubai.
Since right now there is a 9% Tax on all companies, would it make sense to set up a regular mainland UAE Dubai company rather than a Freezone?

I heard with mainland it's easier to set up a bank account and overall the set up is cheaper, can someone correct me and highlight the pros and cons of a
Freezone VS mainland company today in 2024?
Click to expand...

why dont you wanna keep this all in hong kong?

 

[HeinzKetchup69]

JackAlabama said:
why dont you wanna keep this all in hong kong?
Click to expand...

It's being Impossible to open proper Bank Accounts.

 

[JackAlabama]

HeinzKetchup69 said:
It's being Impossible to open proper Bank Accounts.
Click to expand...

well dubai isnt easy either (documented here broadly). Why cant you use an emi?

 

[Legal]

HK is the best option with proper EMI.

 

[HeinzKetchup69]

JackAlabama said:
well dubai isnt easy either (documented here broadly). Why cant you use an emi?
Click to expand...

Why would it be hard to open a local bank account in Dubai for a local company for a white hat business with long track history?
Opening HK bank accounts for companies that don't have any physical presence with Directors based outside of HK is pretty much impossible unless you have good cash to input in.

Legal said:
HK is the best option with proper EMI.
Click to expand...

EMIs are not reliable, and I don't even use a HK company right now, i'm using another set up which is by far better than HK and UAE, in fact my current set up (which i'm not going to share) is absolutely and legally zero tax on a corporate level, the only issue is that it's also virtually impossible to open bank accounts unless you have millions, and I'm relying on EMIs which can close your account at anytime. Hence why I'm looking to relocate to the UAE.

Banks in the UAE like in many other countries are not going to close your account over a $300,000 deposit from a single sale if it's all legit. EMIs can, and they did it before to my business.

 

[JackAlabama]

HeinzKetchup69 said:
Why would it be hard to open a local bank account in Dubai for a local company for a white hat business with long track history?
Opening HK bank accounts for companies that don't have any physical presence with Directors based outside of HK is pretty much impossible unless you have good cash to input in.


EMIs are not reliable, and I don't even use a HK company right now, i'm using another set up which is by far better than HK and UAE, in fact my current set up (which i'm not going to share) is absolutely and legally zero tax on a corporate level, the only issue is that it's also virtually impossible to open bank accounts unless you have millions, and I'm relying on EMIs which can close your account at anytime. Hence why I'm looking to relocate to the UAE.

Banks in the UAE like in many other countries are not going to close your account over a $300,000 deposit from a single sale if it's all legit. EMIs can, and they did it before to my business.
Click to expand...

ok then. 😉

 

[EliasIT]

HeinzKetchup69 said:
Banks in the UAE like in many other countries are not going to close your account over a $300,000 deposit from a single sale if it's all legit. EMIs can, and they did it before to my business.
Click to expand...

What bank are you working with ?

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