|
Jurisdiction |
Starting AED |
Approx. INR |
Best For |
|
Freezone |
AED 12,500 |
₹2.87 Lakhs |
Startups, consultants, e-commerce, exporters |
|
Mainland |
AED 15,000 |
₹3.45 Lakhs |
Local UAE trading, retail, services |
|
Offshore |
AED 18,000 |
₹4.14 Lakhs |
Holding company, international trade, asset protection |
These are starting costs for a basic license with one visa. Additional costs include investor visa (AED 3,500–5,000 / approx. ₹80,000–1.15 Lakhs), office space, and bank account opening charges. Contact Flyingcolour for a detailed cost breakdown tailored to your specific business activity.
As an Indian national, you will need the following documents to register a company in the UAE:
Standard documents required from all applicants:
• Valid Indian Passport (minimum 6 months validity — colour scanned copy, all pages)
• Passport-size photograph (white background, recent)
• UAE Visa copy (if you have previously visited the UAE)
• Proof of residential address in India (Aadhaar card, utility bill, or bank statement — not older than 3 months)
• PAN Card copy
Additional documents for Mainland companies:
• No Objection Certificate (NOC) from current employer if applicable
• Educational certificates for professional licenses (e.g. medical, legal, engineering)
• Business plan summary for regulated activities
Additional documents for corporate shareholders (if a company is a shareholder):
• Certificate of Incorporation of the parent company
• Memorandum and Articles of Association (MOA/AOA)
• Board Resolution authorising the UAE company setup
• All documents must be attested by MEA (Ministry of External Affairs, India) and MOFA (UAE Ministry of Foreign Affairs)
Flyingcolour will guide you through the exact document requirements for your specific business activity and jurisdiction. We also assist with MEA and MOFA attestation from India.
Opening a UAE corporate bank account typically requires the account signatory to be physically present in Dubai for KYC (Know Your Customer) verification. Most UAE banks — including Emirates NBD, Mashreq, RAK Bank, and ADCB — require an in-person meeting as part of their compliance process.
However, there are some options available for Indian entrepreneurs who cannot travel immediately:
• Some Freezone-linked digital banks and fintech platforms (e.g. Wio Bank, Mashreq Neo) offer remote or semi-remote account opening for eligible Freezone companies.
• You can complete your company registration from India first, and plan a single trip to Dubai specifically for bank account opening — combining it with signing original documents if required.
• Flyingcolour has strong relationships with multiple UAE banks and can pre-qualify your application, prepare all required documents, and schedule your bank appointment in advance — minimising your time in Dubai to as little as one day.
Bank account approval timelines typically range from 2 to 6 weeks after the in-person meeting, depending on the bank and your business profile.
|
Jurisdiction |
Timeline |
Notes |
|
Freezone |
3–7 working days |
Fastest option. Some freezones (IFZA, RAKEZ) can issue license within 3 days after document submission. |
|
Mainland (Dubai) |
7–15 working days |
Depends on business activity. Regulated activities (healthcare, education) take longer due to additional approvals. |
|
Offshore |
5–10 working days |
RAK ICC typically faster than JAFZA offshore. No physical office inspection needed. |
|
Investor Visa |
+14–20 working days |
Additional to company setup. Includes medical, Emirates ID, and entry permit stages. |
|
Bank Account |
+2–6 weeks |
After company is set up and in-person KYC meeting is completed. |
Yes — as of June 2021, the UAE amended its Commercial Companies Law to allow 100% foreign ownership in most Mainland business activities. This means Indian entrepreneurs no longer need a UAE national as a local sponsor or partner to own a Mainland company in Dubai or any other emirate.
100% foreign ownership for Indians applies across all three jurisdiction types:
• Freezone companies — 100% foreign ownership has always been allowed since UAE freezone inception.
• Mainland companies — 100% foreign ownership now available for most activities under the updated Commercial Companies Law (2021). A small list of strategic activities (oil & gas, utilities, certain defence sectors) still require a UAE national partner.
• Offshore companies (RAK ICC / Jebel Ali) — 100% foreign ownership is permitted. No local sponsor required.
Additionally, the India-UAE CEPA (Comprehensive Economic Partnership Agreement), signed in 2022, further strengthens trade and investment ties between India and the UAE — making it even more advantageous for Indians to set up businesses in the UAE. Flyingcolour can confirm 100% ownership eligibility for your specific business activity before you begin the process.