How Much Does It Really Cost to Open a Business in the UAE?
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Frequently Asked Questions
What makes GenZone different from other business setup companies in Dubai?
Most setup companies hand you a package and disappear. GenZone is built differently - our founders relocated themselves, so every process we run has been lived, not just learned.
We handle the full picture: licensing, structuring, residency, and banking, with real consultants, direct free zone relationships, and transparent pricing. No hidden fees, no upsells, no guesswork.
How long does it take to set up a company in Dubai?
Most clients are fully operational within 7-10 business days. That includes the trade license, residency visa, Emirates ID, and corporate bank account.
The exact timeline depends on your chosen free zone and document turnaround, but we give you a realistic breakdown from day one.
Do I need to travel to Dubai to get started?
No. The majority of the process is handled remotely - passport copy and a few details are all we need to get going.
You will need to visit Dubai briefly (typically 2-3 days) for your visa medical, biometrics, and bank account opening. Many clients combine this into one efficient trip.
Free zone or mainland - which is right for me?
Free zones offer 100% foreign ownership, 0% corporate tax, and faster setup - ideal for online businesses, consultants, coaches, e-commerce brands, and international traders. Mainland licenses are better suited if you plan to trade directly within the UAE local market.
During your consultation, we'll recommend the right structure for your specific business.
Is there really 0% tax in Dubai?
For qualifying Free Zone companies, yes - and it's fully legal. Personal income tax is 0% in the UAE. While the UAE introduced a 9% corporate tax in 2023, Free Zone businesses that meet the qualifying conditions continue to benefit from 0% corporate tax on eligible income.
During your consultation, we'll advise on whether your business qualifies and how to structure it correctly.
Can I open a UAE corporate bank account as a non-resident?
Yes, but physical presence in Dubai is required to open your corporate bank account - this is a UAE banking requirement, not a GenZone limitation.
We have strong relationships with multiple UAE banks including Emirates NBD, Mashreq, and Wio, and guide you through the entire process to significantly increase your approval rate.
How much does it cost to set up a company with GenZone?
Costs depend on your business activity, license type, and number of visas. Our all-inclusive free zone packages with one visa typically start from around $8,500.
We provide a full cost breakdown - including ongoing annual fees - on your free strategy call, so there are no surprises.
What are the ongoing annual costs after setup?
The main recurring cost is your trade license renewal, which varies by free zone (typically $1,500-$5,000/year depending on your activities and free zone). Residency visas renew every two years.
We walk you through all projected costs upfront so you can plan with confidence.
Can I sponsor my family for UAE residency?
Yes. Once you hold a UAE residency visa, you can sponsor your spouse and dependent children for their own UAE residency visas. GenZone manages the full family visa process as part of our premium package.
What happens after my company is set up - do you offer ongoing support?
Yes. We stay by your side beyond setup. GenZone provides ongoing compliance support, license renewals, visa renewals, additional banking assistance, and advisory services.
We're not a one-transaction agency - many clients have been with us for years.