How long does it take to set up a company in Dubai?+
Most free zone companies are licensed within 2–5 working days. Mainland setups typically take 5–10 working days depending on the business activity and government approvals required.
Can foreigners own 100% of a business in Dubai?+
Yes. Foreigners can fully own businesses in all UAE free zones. On the mainland, 100% foreign ownership is permitted for most activities following the 2021 Commercial Companies Law amendment.
What is the minimum cost to set up a business in Dubai?+
Free zone companies can start from AED 8,999 with Nova Axis packages. Mainland setups start from AED 18,500. The exact cost depends on the jurisdiction, activity, and visa requirements.
What documents do I need to start a company in Dubai?+
Typically: valid passport, Emirates ID (if resident), No Objection Certificate (if employed), passport-size photo, and completed application form. Nova Axis prepares all documents on your behalf.
What is the difference between Mainland and Free Zone?+
Mainland companies can trade anywhere in the UAE and take government contracts. Free zone companies offer full tax benefits and 100% ownership but cannot trade directly within the UAE mainland without a distributor.
Do I need a physical office for a mainland company?+
Yes. A valid Ejari (tenancy contract) is required for mainland license applications. Flexi-desk options are available at lower cost for certain activities.
Which is the cheapest free zone in Dubai?+
IFZA, Meydan Free Zone, SHAMS (Sharjah), and RAKEZ are among the most affordable. Nova Axis recommends the best option based on your activity and budget.
Can a free zone company trade in the UAE mainland?+
Free zone companies cannot directly trade within the UAE mainland. They can appoint a mainland distributor or open a mainland branch for local trading.
What is a flexi desk?+
A flexi desk is a shared workspace arrangement that satisfies the office space requirement for free zone license registration, at a fraction of a full office cost.
How do I get an investor visa in Dubai?+
You can apply for an investor visa by establishing a company in Dubai. The visa allows multiple entry, residence for up to 3 years, and can be renewed. Nova Axis handles the complete process.
What is the UAE Golden Visa and who qualifies?+
The Golden Visa is a 10-year UAE residency for investors (AED 2M+ property/business), entrepreneurs, skilled professionals, and outstanding students. It includes family sponsorship and no local sponsor requirement.
How long does a UAE visa take to process?+
New investor/employee visas typically take 5–15 working days from document submission to stamp. Medical and biometric steps are included in this timeline.
How long does it take to open a UAE corporate bank account?+
Traditional UAE banks typically take 4–8 weeks due to KYC and compliance checks. Digital banks like Wio or Mashreq Neo can activate within days. Nova Axis assists with both.
Which UAE bank is best for a new business?+
Emirates NBD, ADCB, and Mashreq are popular for established businesses. RAKBANK and FAB are known for startup-friendly requirements. Nova Axis recommends the right bank for your profile.
Do I need to register for VAT in the UAE?+
VAT registration is mandatory if your annual taxable turnover exceeds AED 375,000. Voluntary registration is available from AED 187,500. The VAT rate is 5%.
What is the UAE Corporate Tax rate?+
The UAE Corporate Tax rate is 9% on taxable profits above AED 375,000 per year. Most qualifying free zone businesses can benefit from a 0% rate on qualifying income.