Fee for the initial set up:
- Registration fee – AED 10,010 / (one-off payment)
- Trade License fee AED 10,010/- ( This covers one activity only)
- Virtual office fee AED 6,000 /-– renewable every year
Required Documents for all shareholders are:
- Business plan ( At least for 3 years).
- Original Bank reference letter or 6 months bank statements (stamped by the bank).
- Proof of Address ( Ex. Lease agreement or title deed.)
- CV of the shareholders.
- Passport copies and visa page copies of the shareholders.
- Registration & Licensing Application Form.
- Memorandum of Association ( to be signed at MFZ office).
- Articles of Association( to be signed at MFZ office).
- Specimen signature form (to be signed at MFZ office).
- 3 options for name reservation.
- Minimum share Capital requirement is AED 100,000/- Authorized capital (in principle only)
- Renewal cost is AED 16,000 only (lowest among all free zones in Dubai)
- Visa costs will be around AED 7-8k
- Suited for Management Consultancy Licenses, only flexi office available at present.