The Free zones or Free Trade Zones in the U.A.E are jurisdictions that are welcoming to foreign investors who desire to have complete ownership of their businesses. The basic idea behind these “Free Zones” is to establish an internationally active model that intends to develop and promote businesses in different countries right from U.A.E as the hub. The Free Zones of the U.A.E offer 100% ownership to the foreign entrepreneurs, zero tax policy and customs privileges to foreign owners. Certainly, these facilities and benefits make the Free Zones in U.A.E. the most conducive location in the Middle East for multinational businesses and international operations.
The difference between an “Establishment” and a “Company” lies in the required number of shareholders. While an “Establishment” is a single-shareholder who could either be a person or even a company, a “Company” is a registered Limited Liability Company and requires 2 or more shareholders. In terms of operational benefits, both offer the same benefits.
Dubai, being the financial hub of the U.A.E offers more than 30 Free Zones that have become points of international trade with non-Emiratis setting up businesses in Dubai with 100% foreign ownership.
The major Free Zones within Dubai are:
- Dubai Airport Free Zone
- Dubai Cars and Automotive Zone (DUCAMZ) (also referred to as Dubai Auto Zone)
- Dubai Design District
- Dubai Healthcare City
- Dubai International Academic City
- Dubai Internet City
- Dubai International Financial Centre
- Dubai Knowledge Village
- Dubai Media City
- Dubai Gold and Diamond Park
- Dubai Multi Commodities Centre (DMCC)
- Dubai Silicon Oasis (DSO)
- International Media Production Zone
- Jebel Ali Free Zone
- Dubai Production City
- Dubai World Central
- Dubai Studio City
Each Free Zone has powers to register companies in its chosen line of business and each such free zone has a distinct set of requirements, cost and legal procedures. Selecting the right jurisdiction depends on one’s choice of objective of the firm and the difference in overall cost.
100% ownership of business for foreigners
100% tax exemption (5% VAT is applied on some of the free zones)
Visas for investors, staff and family members for 3 years
Better growth potential as a result of strategic location
Excellent transport network and robust road connectivity
Affordable cost for skilled labour
Complete repatriation of profits and investments
Facility of opening bank account and maintenance
Warehouse facilities and virtual office facilities at best price
- Support you with strategic ideas on identifying the best suited free zone for your business
- Prepare incorporation documents for the legal formalities
- Help you with all kinds of approvals
- Assist you in opening bank accounts
- Act as your personal advisor in matters related to various authorizations
- Assist you in Audit reports and Book keeping
To conclude, U.A.E. Free Zones as a business hub has exciting investment opportunities for you and all it takes is setting up a business in U.A.E. which we make easier and hassle-free. Whenever and in whatever process you need our assistance, please feel free to contact us!