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In this video, Brendan and I discuss everything about setting up a freezone company in Dubai. We talk about the associated costs, timeline, what you need to consider, and whether to choose between a mainland and freezone company setup. We share our own experience of setting up a freezone company for Capture Accounting in 2023, and the reasons why we chose the Meydan Freezone to setup our Dubai branch. If you’re thinking about setting up a business in Dubai and considering using a freezone, reach out to us at Capture Accounting and we’ll support you through the entire process of getting your business setup in Dubai. Book a call with us at: https://www.captureaccounting.com/boo... -- Timestamps 0:00 Introduction 0:40 Difference between a Freezone and Mainland company 1:52 Meydan Freezone 2:20 Do freezone companies pay tax? 4:15 Costs to setup in a freezone 5:35 How to choose a freezone 7:54 Other considerations 8:50 Timescale for business setup 9:50 Why choose a freezone? 11:30 Implications of transferring your existing business to a freezone company 13:14 How to optimise profits 15:40 Penalties for non-compliance 17:10 The benefits of setting up in the UAE