Mainland company: more expensive, requires more fees, taxed at 9% starting in 2023, allows for doing business in UAE, easier to get a bank account and rent offices, faster incorporation process, can own property in the company's name, requires an agent to establish the company
Free zone company: cheaper, tax-free, limited to doing business within the free zone, slower incorporation process, harder to get a bank account and rent offices
Instructions:
Determine if you need a mainland or free zone company based on your business needs and goals.
If you need to do business in the UAE, rent an office, and have better relationships with banks, choose a mainland company. Be prepared for higher costs, taxes starting in 2023, and the need for an agent to establish the company.
If you only need to do business within the free zone and don't require a bank account or office, choose a free zone company. Be prepared for a slower incorporation process and limited business opportunities.
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