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Free Zone Company Setup
Setting up a business in one of the UAE's free zones is an attractive option for entrepreneurs looking to benefit from tax incentives, full foreign ownership, and streamlined processes. With numerous free zones across the UAE, including Dubai, Abu Dhabi, Sharjah, Ajman, Ras Al Khaimah, and Fujairah, businesses can find the right environment tailored to their industry and growth potential.
Benefits of Free Zone Company Formation :-
- • 100% Foreign Ownership: Unlike mainland companies, free zone entities allow full ownership by foreign investors without the need for a local sponsor.
- • Tax Advantages: Free zone businesses enjoy 0% corporate and personal income tax, as well as exemption from import and export duties, creating a highly tax-efficient environment.
- • No Currency Restrictions: Free zones offer the flexibility to repatriate profits and capital without currency restrictions, making them ideal for international investors and business owners.
- • Full Control Over Profits: Companies established in free zones can retain 100% of their profits without the need to share earnings with a local partner.
- • Fast and Efficient Setup Process: Free zones are designed to facilitate rapid business setup, with minimal bureaucracy and a streamlined process, enabling businesses to start operations quickly.
- • Customs Privileges: Many free zones are strategically located near ports and airports, allowing businesses to benefit from simplified customs procedures and efficient logistics for importing and exporting goods.
- • Industry-Specific Zones: The UAE has a wide variety of free zones catering to different industries, such as technology, media, healthcare, education, and more, allowing businesses to network within a specialized community.
- • Visa and Immigration Support: Free zone authorities often provide support for visa processing, making it easier for companies to sponsor employees.
Steps to Establish a Free Zone Company :-
Choose the Free Zone
Select a free zone based on your business activity and industry. Each free zone has its own specific focus, regulations, and benefits.
Determine Business Activity
Identify the type of business activity you wish to pursue. The free zone authority will issue a license based on this activity.
Select a Company Structure
You can choose between forming a Free Zone Establishment (FZE) for a single shareholder or a Free Zone Company (FZC) for multiple shareholders.
Apply for Initial Approval
Submit an application for initial approval to the relevant free zone authority. You will need to provide personal identification documents and information about your business activity.
Lease Office Space or Flexi-Desk
Depending on your business size and requirements, free zones offer various office solutions, including physical office space or cost-effective flexi-desks.
Submit Documents for License
Once you’ve secured the necessary approvals and office space, submit the required documents, including the business plan, shareholder information, and lease agreement.
Obtain Business License
After approval from the free zone authority, you will receive your business license, allowing you to legally operate within the free zone.
Open a Corporate Bank Account
Once the company is registered, you can open a business bank account in the UAE to manage transactions.
Types of Free Zone Licenses
Trade License
For businesses engaged in importing, exporting, and trading goods.
Service License
For service-based businesses, including consultancies, IT services, and legal firms.
Industrial License
For manufacturing, production, and industrial activities.
E-Commerce License
For businesses operating in online retail and digital commerce.
Why Choose Free Zone Company Setup?
Full Ownership and Control
Unlike mainland companies, you can enjoy 100% ownership of your business without local sponsorship.
Strategic Locations
Many free zones are located near key logistics hubs, making them ideal for businesses reliant on shipping and trade.
Tax Efficiency
Free zones offer 0% corporate and income taxes, providing significant cost savings.
Industry-Specific Ecosystems
Operating in a free zone tailored to your industry ensures access to a relevant network, resources, and support systems.
Post Address
Dubai Silicon Oasis, IFZA Properties, Dubai
General Enquires
Phone: +971 4729835 & Email: [email protected]
Operation Hours
Mon-Satday: 09.00 to 07.00 (Sunday: Closed)
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