fbpx
Search Icon Search Icon
Calculator
Book Appointment
Calculator

FAQs

Got Questions? We got Answers !

Introducing Set Hub

Start your Story!

Why is Business Incorporation Zone FZ LLC changing its name to Set Hub FZ LLC?

We are committed to ensuring a seamless transition with no disruption to our services. Our team is prepared to guide you through any changes and provide the exceptional service you’ve come to expect.

Our core services of esteemed business setup will remain the same, but with enhanced capabilities across additional emirates, including Dubai, Sharjah, and Abu Dhabi, and improved service timelines.

Set Hub FZ LLC represents specialized expertise, a culture of dynamic evolution and constant improvement, a humanly connected approach to client relationships, and delivering impactful value with competitive pricing and seamless customer experience.

No, your point of contact remains the same, and you can expect the same level of dedicated support.

Please visit our office to exchange any post-dated cheques you have with ones made out to Set Hub FZ LLC.

Yes, please note our updated banking details for any forthcoming payments, including the new account name Set Hub FZ LLC, bank details, IBAN, and SWIFT code as mentioned in the email.

Yes, our email domain has been updated to sethub.ae. Please update your records and direct all future correspondence to this new domain.

Our revamped website is scheduled to launch in December. We will keep you informed on the exact date and any developments.

For any queries, feel free to reach out at our toll-free number 800-SETHUB (738482), direct line +97142222565, or email [email protected].

It’s advisable to view the calculator’s estimate as a starting point. The actual cost may be influenced by factors not accounted for in the initial estimate, and it’s recommended to consult directly for a more precise quote.

Cost Calculator

The tool offers only indicative cost estimates for business setup in the UAE. The actual costs may vary based on various factors unique to each business situation. 
What types of business activities can I calculate costs for using this tool? 
The tool covers a wide range of activities including consulting, trading, IT, legal, educational support, event management, and more. However, the actual list of business activities provided by the authorities is much larger to suit most business setup needs. 
Yes, the tool allows you to specify whether you need a physical office or space. However, the tool doesn’t take into consideration the actual leasing cost of office space. 
The tool provides options to select the number of shareholders, which can impact the cost estimate. 
Yes, the tool includes an option to select the number of visas required, which will be factored into the cost. However, the cost of visa addition varies from one authority to the other. 
Yes, the tool asks about your primary goal, including options like turning a hobby into a business or expanding an existing business. 
Yes, the tool includes a diverse range of business activities and industries, accommodating various business types. However, the actual list of business activities provided by the authorities is much larger to suit most business setup needs. 
The tool offers only indicative cost estimates for business setup in the UAE. The actual costs may vary based on various factors unique to each business situation. 
While the tool aims to provide a close estimate, actual costs can differ due to factors like specific business requirements, additional services, and authority of choice. 
No, the pricing estimates are subject to change, especially due to updates or changes in government policies and fees in the UAE.
It’s advisable to view the calculator’s estimate as a starting point. The actual cost may be influenced by factors not accounted for in the initial estimate, and it’s recommended to consult directly for a more precise quote.

Corporate Tax Calculator

Calculate your Corporate Tax with our tax calculator. Enter basic details about your business and estimate your taxable cost.
What is the purpose of the Corporate Tax Calculator? 
The tool covers a wide range of activities including consulting, trading, IT, legal, educational support, event management, and more. However, the actual list of business activities provided by the authorities is much larger to suit most business setup needs. 
The calculator asks whether your company is registered in the UAE, the company’s name, whether it’s a freezone or mainland company, estimated annual revenue, cost of sales, employee-related expenses, entertainment expenses, and other expenses. 
Yes, after collecting data for the corporate tax estimate, it also gathers information for VAT before sending you the estimate. 
It inquires if your company is registered for corporate tax and VAT, how you manage bookkeeping, whether your company undergoes an annual audit, and some personal details to send the tax estimate. 

The calculator provides an estimated figure. The actual tax liability may vary based on specific company details and current tax regulations. 

Yes, tax estimates are subject to change due to updates in tax laws and regulations by UAE government authorities. 
The calculator considers factors like whether the company is registered in the UAE, the nature of the company (Freezone or Mainland), annual revenue, cost of sales, employee-related expenses, entertainment expenses, and other expenses.
Freezone companies may be eligible for a 0% UAE Corporate Tax (CT) rate on qualifying income, while income not qualifying would be taxed at the standard rate. Mainland companies are subject to the standard tax rates. 
This law, effective for financial years starting on or after 1 June 2023, aligns with international best practices and is expected to have a minimal compliance burden. It introduces specific rules for taxable persons and bases, and tax calculations will be aligned with these provisions. 
Yes, the UAE CT Law allows for certain exemptions like dividends and other profit distributions under specific conditions. It also allows businesses to offset tax losses against taxable income in subsequent periods, but with limitations.

UAE group entities may elect to form a Tax Group, which allows them to file a single tax return for the group and potentially streamline tax administration and liabilities. 

The UAE CT regime uses accounting net profit or loss as reported in financial statements prepared according to accepted UAE accounting standards as the starting point for determining taxable income. Certain expenses may be deductible, but the law also restricts the deduction of some expenses. 

The UAE does not apply corporate tax to personal income, except for business income earned by individuals who hold a commercial license or permit. 

Every taxable person must register electronically for UAE CT, obtain a Tax Registration Number, and file tax returns electronically within prescribed timelines. This requirement applies even if the person is already registered for Value Added Tax. 

The CT Law introduces transfer pricing rules that require transactions between related parties to adhere to the arm’s length standard. This means transactions must be undertaken as if carried out between independent parties under similar circumstances. 

Golden Visa Eligibility Checker

The Golden Visa is an exclusive opportunity for top-tier professionals, talents, and investors in the UAE. Secure a 5 or 10-year renewable residency with our expert guidance.
What is the UAE Golden Visa? 
The UAE Golden Visa is a long-term residency program introduced in 2019 by the UAE government. It aims to attract highly skilled individuals, investors, and entrepreneurs to live and work in the UAE for an extended period. The visa is renewable for either 5 or 10 years, depending on the eligibility category. 
The Golden Visa provides long-term residency, valid for 5 or 10 years, offering stability and allowing individuals to plan for their future in terms of careers, businesses, and investments. It also opens up business opportunities and access to education and healthcare, and offers family sponsorship. 
The tool asks if you have a monthly salary more than AED 30,000, own property in the UAE worth AED 2 Million or more, or have a minimum of AED 2 Million fixed deposit in your bank account. 
After providing your eligibility details, you are required to share your contact information. The tool then informs you whether you are eligible to acquire the UAE Golden Visa based on the information provided. 
white-space-collapse: preserve;”>The tool provides an initial assessment based on the information you input. However, it is advisable to contact our team for a more detailed and conclusive determination of eligibility.
Passport copy, passport size photographs, valid UAE visa, Emirates ID copy, proof of eligibility and other documents may be required.
Eligibility extends to investors, entrepreneurs, scientists, outstanding students and graduates, humanitarian pioneers, frontline heroes, and specialized talents such as doctors, scientists, artists, inventors, and executives. 
Investors need to meet certain financial criteria, like investing in a UAE-accredited investment fund, having a minimum deposit, or owning capital in a business within the UAE. They must also provide proof of medical insurance for themselves and their family. 
Specialized talents in fields such as medicine, science, art, engineering, and sports are eligible. This includes professionals in areas like epidemiology, artificial intelligence, big data, and various engineering and scientific disciplines. 
High school students who are national-level toppers and university students with high GPAs from top-rated universities are eligible. The visa duration for students is 5 or 10 years and may be extended based on certain conditions. 
Individuals engaged in humanitarian work, including those who have worked with international organizations, civil associations, and those who have received awards for their humanitarian efforts, are eligible. Funders of humanitarian work are also eligible under certain conditions. 
Yes, frontline heroes who have shown extraordinary effort in crises, like the COVID-19 pandemic, are eligible for the Golden Visa. This category includes nurses, medical assistants, lab technicians, and other approved cadres. 

Bank Account Opening

Banking and Finance in the UAE offer many options for expat entrepreneurs. With its robust and advanced financial infrastructure, the UAE provides a favorable environment for business endeavors.
What is the purpose of the Corporate Bank Account Opening Eligibility Checker? 
The tool is designed to help businesses determine their eligibility for opening a corporate bank account in the UAE. 
The tool asks for your nationality, details about your existing or planned business in the UAE, including the business type and timeline for setting up your business. 
Upon submitting the information, the tool either informs you of your eligibility for opening a corporate bank account or, if ineligible, indicates that your application cannot proceed as per current regulations. 
Yes, the tool mentions the possibility of applying for different types of accounts, such as a Digital Bank Account or a Regular Bank Account, based on your eligibility. 
If eligible, the tool prompts you to share your contact information so that one of our business setup advisor can contact you directly to assist with the account opening process. 
While there are no explicit nationality restrictions, banks in the UAE have stringent Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. This may make account opening more challenging for non-residents, foreign companies, and businesses from certain countries. 
To open a corporate bank account, you’ll need to submit various documents related to your identity, business, and residency. This includes a passport copy, UAE visa, reference letter from a bank in your home country or another country, recent bank statements, and relevant business documents. Compliance with KYC norms and Central Bank of UAE regulations is also required. 
Most banks in the UAE accept account applications from non-residents, though there may be certain limitations. For example, non-residents might only be able to open savings accounts and may not be issued cheque books. They also need to maintain a minimum account balance to avoid penalties and charges. 
Banks may have minimum balance requirements for corporate accounts, which can be quite high, and failure to maintain this may result in fees. It’s important to be aware of all potential charges, including transaction fees and international transfer charges. Online banking services, customer service quality, the bank’s network and international presence, currency options, credit facilities, and the bank’s reputation are also crucial factors to consider. 
Business Support Services 
ECommerce License Costs In UAE General Trading License Cost In UAE

ABOUT US

Set Hub, established in 2009, is a leading business setup consultancy in the UAE, known for nurturing successful entrepreneurial ventures.

FEATURED
COMMUNITY

CONTACT US

OTHER

© 2024 Set hub. All rights reserved.

Download your guide book

    Full name
    Email address
    Phone number

    By Submitting this form, you agree to the Privacy Policy and Terms & Conditions of Set hub. I consent to Set hub, collecting my name, email, address and phone number also for contacting me either by email address or the number supplied.

    Our team will contact you in just 60 seconds.

      Full name
      Email address
      Phone number

      By Submitting this form, you agree to the Privacy Policy and Terms & Conditions of Set hub. I consent to Set hub, collecting my name, email, address and phone number also for contacting me either by email address or the number supplied.

      Our team will contact you in just 60 seconds.

        Full name
        Email address
        Phone number
        What can we help you with?