Question 1

What is the difference between Mainland, Offshore, and Freezone business setups in Dubai?

Accepted Answer

• Mainland: Allows you to operate anywhere in the UAE market with a local sponsor.
 • Offshore: Registered outside the UAE, used for international business and asset protection, but cannot operate within the UAE.
 • Freezone: 100% foreign ownership, tax exemptions, and typically limited to operating within the Freezone or internationally.
How DBS can help:
DBS provides consultancy services to help determine the best business setup based on your needs and objectives, guiding you through the process for each jurisdiction and ensuring compliance with local regulations.

Question 2

What are the benefits of setting up a business in a Dubai Freezone?

Accepted Answer

• 100% foreign ownership.
 • Full tax exemptions and no import/export duties.
 • Simple setup process with flexible office options.
 • Ideal for international trade and niche industries.
How DBS can help:
DBS offers tailored solutions to help you select the right Freezone based on your business activity. We assist with all steps of the process, from paperwork to securing office space and obtaining your business license.

Question 3

What are the requirements for setting up a Mainland business in Dubai?

Accepted Answer

• Local sponsor (UAE national) required for most activities.
 • Physical office space in the UAE.
 • Trade license from the Department of Economic Development (DED).
How DBS can help:
DBS will help you navigate the legal requirements for Mainland setups, including finding a reliable local sponsor and assisting with the office lease and trade license applications.

Question 4

Can I open a bank account for my business in Dubai?

Accepted Answer

Yes, businesses in all jurisdictions (Mainland, Freezone, Offshore) can open corporate bank accounts. Requirements vary by bank and business setup.
How DBS can help:
DBS simplifies the process of opening a business bank account by advising on the best banks and helping you gather the necessary documents for a smooth account setup.

Question 5

How long does it take to set up a business in Dubai?

Accepted Answer

• Mainland: 2 to 4 weeks.
 • Freezone: 1 to 3 weeks.
 • Offshore: 1 to 2 weeks.
How DBS can help:
DBS accelerates the setup process by providing expert guidance, handling documentation, and coordinating with government authorities to ensure timely completion of all steps involved in registering your business.

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