Business Setup in UAE Free Zones

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13/05/2019 By admin 0 Comment

Free Zone Business Setup:

UAE has been globally recognized as one of the leading locations for investors to kick start their business, be it a startup or an existing business moving to UAE. Business Setup in UAE has become extremely easy with the wave of startup friendly initiative by the UAE Government like encouragement for women and young entrepreneurs through various programs, extended five year visas for experienced professionals, 100% foreign ownership of companies in certain sectors and ten year visas for industry experts.

Although business setup in Dubai Mainland remains a very popular choice with the investors due to many benefits, but business setup in UAE Free zones is certainly gaining popularity since the past few years.

For a particular business, there is always a more suitable free zone option as compared to others. The best free zone jurisdiction depends on your business activity, the number of shareholders, the number of employees required and the office facilities required as (office, warehouse, port availability, etc)

Free Zone Company Benefits

100% foreign ownership
100% repatriation of capital and profits
100% exemption from corporate, personal and income taxes
100% free transfer of funds, and no foreign exchange controls
Exemption from all import and export duties
Low freight charges
Inexpensive workforce, and easy recruitment procedures
Efficient communication procedures and single-window administration
Liberal government policies and legal framework
The timely and streamlined immigration process
Sponsorship and visas for an affordable skilled workforce
Freehold offices available for sale or lease
Ready to move offices, factories, and warehouses
Flexibility to operate 24/7
Easy business setup and licensing procedures
Unique industry clustering and purpose-built infrastructure
3-Year residence visa in UAE
No restrictions on hiring employees

Types of Entities in order to do business setup in UAE Free Zone

Branch of a foreign or local company
Free Zone Establishment (FZE), with a single shareholder
Free Zone Company (FZC), with 2 to 5 shareholders

Steps to consider for Business setup in UAE Free Zone

Determine the type of legal entity (FZC / FZE)
Determine the suitable Free Zone jurisdiction
Choose a trade name
Apply for a business license
Choose an office space or flexi-desk
Get pre-approvals, register your business and get your license

UAE is made of 7 Emirates, each having different free zones and each free zone is designed to serve some specific business activities. Please refer below to understand.