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Business Setup in UAE

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  • November 7, 2022
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Business Setup In UAE

Free Zone Company Setup in UAE

UAE free zones are tax-exempt zones located in the UAE that are renowned for offering enticing opportunities and the ease of business operations to foreign investors. These free zones are located across the seven Emirates – Dubai, Abu Dhabi, Sharjah, Ras Al Khaimah, Ajman, Umm Al Quwain, and Fujairah. Each of these free zones has a government authority that regulates all the business activities that are carried out within its specific zone.

No matter how many advantages getting a free zone visa Dubai has, the rules and regulations to apply for it vary from one free zone to another. UAE free zone authorities are recognized as pro-business license issuing authorities that offer flexible business startup packages, cost-effective investment preferences, and a growing business network of companies that are registered from across the globe. Each offers the below-mentioned benefits that make them a lucrative place to conduct the business. With globalization and the opening of the marketplace, UAE is positioning itself as a global hub for setting up the industries.

Benefits of Registering a Company in UAE Free Zones

  • 100% foreign business ownership
  • 0% personal & corporate income tax
  • 100% repatriation of profits and capital
  • 100% exemption on import and export taxes
  • No restrictions on currency
  • Adept business solutions for license registration
  • Investor-friendly legal structure
  • Vibrant business centers
  • Strategically located within each Emirate
  • Multiple services provided under one roof
  • Flexibility for upgrading or downgrading licenses
  • Enhanced smart platform for all services
  • Easy availability of labor and power
  • Quick processing and approval process
  • Convenient location
  • No currency restrictions
  • Warehouse and office spaces
  • Sponsorship facilities
  • Quick visa processing and approval
  • Easy renewals

List of
UAE Free Zones

  • Dubai Airport Free Zone Authority
  • Jebel Ali Free Zone Authority
  • Dubai World Central/Dubai South
  • Dubai Multi Commodities Centre
  • Dubai Healthcare City
  • Dubai International Financial Centre
  • International Free Zone Authority
  • Tecom
  • Ras Al Khaimah Economic Zone
  • Umm Al Quwain Free Trade Zone Authority
  • Creative City Free Zone
  • Ajman Media City Free Zone
  • Ajman Free Zone
  • Sharjah Media City Free Zone
  • Sharjah Airport International Free Zone Authority
  • Twofour54
  • Khalifa Industrial Zone Abu Dhabi

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Procedures and Requirements to Set Up a Company in the Free Zone

The procedure to set up a Dubai freezone companies  is relatively simple and easy. Whether you are going for the business setup in Sharjah free zone, ifza, rakez and shams or Ajman free zone business setup, it’s hassle-free. Even though it can be done by the investors, taking professional help sure speeds up the process with the best results.

The documents required for setting up a company in the free zone include



License
form



Memorandum / Articles of Association



Local sponsor in case of a mainland company



Legal
approval



Shareholders
certificate



Trade
Name etc

Deciding the nature of business you wish to undertake

Finalizing the trade name

Selecting the right free zone & Finalizing the workforce

Determining the right infrastructure

Fulfilling the capital requirements

Licensing process & Final signing in front of the authorities.

Processing of Dubai free zone visa cost payments

The requirements for setting up a business in the free zone include



Deciding the nature of business you wish to undertake



Finalizing
the trade
name



Selecting the right free zone & Finalizing the workforce



Determining
the right
infrastructure



Fulfilling
the capital
requirements



Licensing process &
Final signing in front of the authorities.



Processing of Dubai
free zone visa cost
payments

 


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