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]

why dont you wanna keep this all in hong︀ kong?

 

[HeinzKetchup69]

It's being Impossible to open proper Bank Accounts.

 

[JackAlabama]

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

 

[Legal]

HK is the best option with proper EMI.

 

[HeinzKetchup69]

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 another︀ set up which is by far better than HK and UAE, in fact my current︁ set up (which i'm not going to share) is absolutely and legally zero tax on︂ a corporate level, the only issue is that it's also virtually impossible to open bank︃ accounts unless you have millions, and I'm relying on EMIs which can close your account︄ at anytime. Hence why I'm looking to relocate to the UAE.

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

 

[JackAlabama]

ok then. 😉

 

[EliasIT]

What bank⁠ are you working with ?