Formation Country Comparison.
A comparison of the three countries by cost, timeline, residence, tax framework, banking and payment collection channels.
Comparison of the three countries
The country you select is also carried over to the price calculator, so the calculation continues for the same country.
| Criterion | |||
|---|---|---|---|
| Formation decision | |||
| Formation costAmounts are indicative | From $1,200 | From $5,120 | €9,920 · all items included |
| Typical timelineNo fixed timeline commitment | 3-7 days | 5-6 days | 30-40 working days |
| Structure |
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| Suitable for |
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| Residence visa | Company formation does not grant residency | Residence visa through the company | Company formation does not grant residency |
| Services we provide |
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| Main limitation | Company formation does not grant residency | You need to be in the UAE for the visa and biometrics | Not an EU member; not the same country as South Cyprus |
| Tax framework | |||
| Corporate tax | 19%-25%Based on profit: Up to £50,000 at 19%, Above £250,000 at 25%. | 0% up to AED 375,000, 9% aboveCalculated on net profit; free zone companies are also within scope. | 0%For activities directed at companies outside Northern Cyprus and inside the Free Port. |
| VAT | £90,000 thresholdAnnual turnover threshold; below it, voluntary registration is possible. | 5%Registration is mandatory when the annual taxable supplies exceed the AED 375,000 threshold. | NoneA Free Port company is not a VAT payer. |
| Money and collections | |||
| Bank accountAn institution with a banking licence |
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| Bank applicationThe decision to open an account rests with the bank; no approval is promised | Approval rate is low; timelines vary | Application takes 5-10 working days | In-person signature required |
| Payment institutionNot a bank; subject to a different licensing and safeguarding regime |
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| CollectionCollection by card and through platforms |
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| UK Page | Dubai Page | Northern Cyprus Page | |
Amounts are indicative and timelines are typical ranges. The exact amount and schedule are set according to scope. The tax rows reflect the general framework; no individual tax opinion is given through the website.
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