Uae Freezones

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    Free Zone Company Setup

    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.

    There are 2 types of Free-Zone corporate entities:

    1. FREE ZONE ESTABLISHMENT (FZE)
    2. FREE ZONE COMPANY (FZC)

    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.

    Common benefits offered by all Free Zones in UAE:

    100% ownership of business for foreigners
    100% tax exemption (5% VAT is applied on some of the free zones)
    Import/Export activities
    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

    Requirements

    • Choosing the right free zone in accordance to your requirements is a major step in regards to company setup in Dubai. Few of the free zones in U.A.E. support businesses on wider scale while others prefer specific types of business activities within their jurisdiction.
    • In regards to starting a business, the rules and regulations are different for different Free Zones. The required documents may also vary with the type of business activity the company is involved in
    • The share capital required also varies for different free zones.
    • There’s exemption of tax in trading between different free zones

    Type of Licenses

    • Commercial license covers all kinds of trading activities
    • Professional license covers professional services along with other services including management consultancy and public relations
    • Industrial license covers all manufacturing businesses and operations that involve processing of goods and packaging of products for sale

    How do we help you?

    • 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!

    How to Set Up a Company in Dubai

    For more details call us at +971 523604925 or e-mail at info@wembleybusinessmen.com

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