Category: Accounting

The 17-Storey Skyscraper Powering Dubai’s Web3 Revolution Dubai is making yet another gigantic leap into decentralised technology with the opening of the DMCC Crypto Tower, an innovative and internationally pioneering real estate building; this will change how Web3 companies work, develop, and create. The DMCC Crypto Tower is the world’s first blockchain-enabled commercial tower, with 17 floors of 150,000 square feet in Jumeirah Lakes Towers (JLT). It will be a focal point for crypto startups, AI innovators, NFT creators, and blockchain investors. This is not just a standard skyscraper. This is a purpose-built hub for crypto-native companies, focused on smart contracts, ecosystems for investors, and Web3 utilities, with built-in compliance. As Dubai establishes its range as a global player in blockchain and digital assets, the DMCC Crypto Tower is the place for entrepreneurs and tech innovators to establish their presence. If you are setting up a new DAO, building decentralised platforms or ecosystems, or simply managing your NFT portfolio, the DMCC Crypto Tower is a hallmark of opportunity – DubaiSetupNow is your gateway to the future of business and commerce in the DMCC Crypto Tower Centre. Welcome to the Future: DMCC Crypto Tower Dubai’s emergence as a global powerhouse for crypto and blockchain is no accident – and no project embodies this ambition better than the new DMCC Crypto Tower by DMCC. Launched as a flagship extension of the DMCC Crypto Tower Centre, the 17-storey, 150,000 sq. ft. DMCC Crypto Tower will accommodate everything from blockchain incubators to NFT galleries, AI labs and crypto venture capital firms. So, what makes this project such a big deal? And why is everyone—from Web3 founders to global investors—paying so much attention to DMCC more than ever? What Is the Crypto Tower? Located in Jumeirah Lakes Towers (JLT), the Crypto Tower is designed to be the world’s first blockchain-native commercial real estate project, meaning: All tenancy and facility management will be processed on-chain using smart contracts Nine floors will be dedicated solely to crypto, blockchain, and AI firms Shared spaces include: Event auditoriums NFT art exhibitions Venture capital lounges Showrooms for high-end tech & luxury brands   Project Highlights: Feature Details Floors 17 Size 150,000 sq. ft. Focus Crypto, AI, Web3, Blockchain, NFTs Location Jumeirah Lakes Towers (DMCC) Expected Completion Q1 2027 Key Partners REIT Development, Chatoshi.ai Tenancy Contracts Fully processed via smart contracts Why This Project Is Booming   Designed for Web3 Corporations There have been 500+ diverse crypto and blockchain firms operating out of DMCC since the Crypto Centre started. This tower offers them a unique space built on an ecosystem-driven model. Blockchain-Enabled Building Management Every aspect of the tenant experience is managed by blockchain – everything from leasing to renewals to access. It’s the first of its kind in the world. Supported by a Growing Free Zone DMCC is the #1 Free Zone in the world with 24,000+ businesses, so we have a strong pedigree supporting tech startups. Capital Attractor The tower brings capital to NYC as much as companies, with integrated incubators, VC floors, and Web3 community and supportive events. What It Means for Founders & Investors Whether you’re starting a DAO, launching a blockchain payment platform, or working on AI applications, the Crypto Tower offers: Prestige address in Dubai’s top innovation zone On-chain credibility—clients and partners know you’re serious about Web3 Access to funding, mentorship, and global visibility At DubaiSetupNow, we expect this tower to become the “Silicon Valley building” of the UAE—a must-have address for every top-tier Web3 startup in the region. Can You Set Up a Business in the Crypto Tower? Yes—but space will be limited. Applications are expected to open closer to 2026. But you can set up your company with DMCC Crypto Centre now and potentially move into the tower when it launches. DubaiSetupNow can assist you with: Company registration with DMCC (Crypto/AI/Tech license) Residency visa + corporate bank account setup VAT registration, accounting, and renewals Office space and co-working solutions until tower availability Final Thoughts: Crypto Tower Is Just the Beginning The Crypto Tower shows that Dubai is not just surfing the Web3 wave but is actually building the wave. From the world’s first blockchain-run building, to an entire ecosystem for decentralised businesses-this is your chance to get involved and experience history. And best of all, with a reliable partner like DubaiSetupNow, we made your set up easier than ever. Launching at DMCC’s Crypto Tower? The world’s first blockchain-native commercial tower is forever changing how Web3 businesses build. Smart contract tenancy. NFT gallery. VC lounges. A prestige address in the #1 Free Zone on the planet. At DubaiSetupNow we help you set up in  this next-gen tower: from company formation in the DMCC, crypto licenses, banking, visa support, and compliance support. Collaborate with the Global Web3 elite and ensure you are set up compliant, future-proof, and globally respected. Schedule your FREE consultation NOW! Go to dubaisetupnow and get started today

Introduction: Why the UAE Is the Smartest Place to Start Your Business Starting a business in the UAE Free Zone , particularly within a free zone, has become one of the most attractive and practical moves for entrepreneurs, startups, and global investors. With benefits like 100% foreign ownership, zero income tax, and fast-track licensing, the UAE’s free zones have created a business-friendly environment that’s hard to match anywhere else in the world. If you’re wondering how to set up a free zone company in Dubai, curious about cheapest free zones in the UAE, or simply looking for a straightforward guide, this article breaks it down step-by-step — using language that’s easy to understand, with SEO-rich insights to help you rank higher and reach your goals faster. What Is a Free Zone and Why It Matters ? A free zone in the UAE is a designated economic area where businesses can operate under more relaxed commercial laws. These zones are governed by independent authorities and are designed to attract foreign investment. The biggest draw? You get 100% foreign ownership, zero corporate or personal income tax, and complete repatriation of profits — no local sponsor or partnership required. Popular examples include: DMCC Free Zone (Dubai) Meydan Free Zone RAKEZ (Ras Al Khaimah Economic Zone) Shams Free Zone (Sharjah Media City) SPC Free Zone (Sharjah Publishing City) Ajman Free Zone KIZAD (Abu Dhabi) Each of these zones supports different industries, from tech startups and consultants to e-commerce stores, manufacturing, and media agencies. Step-by-Step Guide to Setting Up Your Free Zone Business Step 1: Choose the Right Free Zone Location The UAE has over 40 free zones, each catering to specific industries and business types. For example, Meydan Free Zone in Dubai is great for e-commerce and digital startups, while Hamriyah Free Zone and RAKEZ are perfect for industrial operations or logistics. Use tools like “free zone company setup Dubai” or “business license in Abu Dhabi” in your research to compare benefits, prices, and turnaround times. Step 2: Select Your Business Activity Each zone has a list of permitted activities. You must select one or more that match your business. Examples include: IT consultancy Digital marketing Trading and logistics Educational services Manufacturing Media production Make sure your choice aligns with the free zone business activities list of the specific zone. Step 3: Choose a Legal Structure Common options include: FZE – Free Zone Establishment (1 shareholder) FZCO – Free Zone Company (2 or more shareholders) Branch – For existing foreign or UAE companies expanding into the zone Step 4: Register Your Trade Name Pick a unique name following UAE guidelines — avoid religious terms, global brand names, and offensive language. Step 5: Apply for the License Once your documents are ready, submit your application. Depending on the zone, you can do this: Online via the zone’s portal Through a registered business consultant In-person if required Step 6: Choose Your Office Type Options range from: Virtual office Flexi-desk/shared space Dedicated office or warehouse Many free zones don’t require physical space if you operate a remote or digital business. Step 7: Obtain Your License and Open a Bank Account Once approved, you’ll receive your business license, after which you can: Apply for investor/employee visas Open a UAE corporate bank account Begin business operations legally and securely Free Zone vs Mainland: Which One’s Right for You? Mainland versus Free Zone Company in Dubai – Licenses and Visa Differences As we plan to setup a company in Dubai, deciding whether to establish the company in the mainland or a Free Zone jurisdiction is one of the first choices to be made. The differences between mainland and free zone jurisdictions include the following legal, operational and visa implications that can have an affect on your business, who you can service and how many employees you are able to sponsor. Visa Eligibility Comparison Mainland: In Mainland, there is no limit to the number of visas a company can apply for. The only issue is generally the size of your physical office (Ejari contract), along with any other types of commercial lease. Entrepreneurs and investors can straightforwardly apply for an investor visa and then later sponsor their family’s visa. Visas are processed through the General Directorate of Residency and Foreigners Affairs (GDRFA) in Dubai. This is ideal for companies needing larger teams or offices to operate in the UAE. Free Zone: Visa quotas are restricted, but this generally correlates to the business package. As a norm you would have a 0 visas or 1-visa package available in free zones. There are instances where free zones allow upgrades to additional visas, but usually at a cost, or more space which comes at a cost. The whole visa process is carried out by the Free Zone Authority. This is faster and easier than going through GDRFA. This is great for startups, solo entrepreneurs, and remote businesses requiring a small team. Licensing Scope and Business Activities Mainland: Mainland licensed businesses can operate freely throughout the UAE, and deal with local clients or suppliers and government authorities directly. A broader range of business activities are allowed for a mainland license, including those associated with construction, hospitality and retail. Mainland companies can bid for government contracts and are not subject to geographical restrictions within the UAE.  A physical office space is required, and costs will be higher for mainland companies because of location restrictions. Free Zone: Free Zone companies can only operate within their free zone, or for the international business. They cannot deal directly with the UAE mainland market unless they appoint a local distributor or open a branch of the free zone in the mainland (i.e. Dubai). Licences are typically cheaper than those for a mainland especially if you are established as a digital business, consultancy or e-commerce. There are a number of flexi-desk or virtual office option, limiting your need for a physical office space. Which One Is for You?  Choose Mainland if you: Are looking to transact in the UAE local..