Set Up a Business in UAE Free Zone
100% Foreign Ownership Affordable Packages
UAE Free Zone Companies
In the UAE, there are approximately 40 free zones in operation, with more on the way. Each Free Zone is based on one or more commercial sectors, and licences are only available to businesses that fall into those categories.
The main advantage of forming a company in one of the UAE’s Free Zones is that there are no restrictions on foreign ownership, and companies are governed by an independent Free Zone Authority (FZA), which is in charge of issuing operating licences and regulating the activities of companies within the Free Zone.
The UAE has evolved into a significant business hub that is excellent for establishing a company or a representative office. With over 40 different “Free Trade Zones” in the UAE, determining the right Free Zone through which to conduct business in the region can be difficult. A widespread misunderstanding is that a Free Zone Firm is the same as an offshore company; nevertheless, despite their similarities, they have significantly different characteristics.
The Advantages of Starting a Business in a Free Zone:
- 100% Foreign Ownership is allowed
- 100% Repatriation of capital and profits
- 100% Exemption from Corporate, Personal and Income Taxes
- Efficient communication procedures and single-window administration
- Flexibility to operate 24/7
- Freehold offices available for lease
- No restriction on hiring expatriate
- There is no minimum capital requirements for the formation
- There is no need for UAE National Partner/ Service Agent in the License
UAE Freezones
Dubai Multi Commodities Centre (DMCC) – Commodities Trade and Exchanges.
Jebel Ali Free Zone (JAFZA) – Trading, General Trading, Service, Logistics and Industrial.
Dubai International Financial Centre (DIFC) – Banking, Financial Services and Legal.
Dubai World Central (DWC) – Aviation, Logistics, Light industry, and Ancillary Services.
Dubai Knowledge Park (DKP) – Human Resources Management, Training, and Personal Development.
Dubai Internet City (DIC) – Internet and Communications Technology.
Dubai Media City (DMC) – Media related activities.
Dubai Silicon Oasis (DSO) – Information Technology, Telecom, Electronic, and Engineering
Dubai Healthcare City (DHCC) – Healthcare, Medical Education and Research, Pharmaceuticals and Medical Equipment.
Rask Al-Kaihma (RAK) – Trading, General trading, Service, Industrial and Educational.
Fujairah Creative City (FCC) – Media, Consulting, Communications, Design, and Technology.
Requirements for establishing a business in the UAE Free Zone
Investors can either create a new firm as a Free Zone Establishment (FZE) or a Free Zone Company (FZC) – a FZE has one shareholder, while a FZC has two or more – or simply open a branch or representative office of their current or parent company in the UAE or elsewhere
We will need the following documentation and due diligence from all shareholders/directors of the proposed new company before we can start the process of setting up a Free Zone Company:
- Certified Passport Copy and UAE Visa/UAE entry stamp (if non-resident)
- 2 x Proofs of Address (dated within 3 months)
- Bank or Professional Reference Letter
- Curriculum Vitae (summary of professional history)
Book a consultation with one of our Business Experts
Why AlFahad Tax Consultancies
What our Clients say?
AlFahad Tax Consultancies made the process of forming our company in the UAE go smoothly. Their employees are extremely informed, competent, and experienced, ensuring that we receive high-quality service at a reasonable price.
Juliet rose
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