EXPLORE & LEVERAGEUAE Freezone

The United Arab Emirates Free Zones are jurisdictions to open and operate businesses. They are often specified for a particular industry and permit 100% foreign ownership to the investors and business owners. Free zones were created with the intention of encouraging foreign trade in the area by providing various investment advantages. One that is particularly appealing is a wholly foreign-owned business.

Free Zone in the UAE is a win-win situation for startups. There are more than 37 different types of free zones which enable investors to carry out different business activities including commodities, media, gold, etc. However, every free zone has its set of rules which every business will have to comply with to avoid heavy fines and penalties.

The UAE market provides company owners with a variety of possibilities for free zone business formation. Foreign investors are typically drawn to the most cost-efficient and reasonable free zones including Ajman Media City Free Zone, DMCC Free Zone, RAKEZ Free Zone, SHAMS Free Zone, and more.

For beginning a business in a free zone in Dubai, company creation has become quite popular among investors since it offers hassle-free access to many resources, offers tax benefits, and does much more. The fact that 100% foreign ownership is permitted in Dubai’s free zones has made them very popular with investors across the globe.

• Tax-free jurisdiction.
• The timely and smooth immigration process.
• Simple process for obtaining a company license.
• There are no tariffs imposed on any sort of product.
• There are several options for both buying and renting offices.

• When creating a business in the Dubai-free zone, an investor must follow the above-discussed approach. The government has simplified the outlaid procedure to make it easier and more investor-friendly.The following documents must be submitted by the investor or the owner before a Dubai Free Zone Company setup.
  • Business card.
  • Passport copies.
  • Business plan outlay.
  • Application license form.
  • AOA (Articles of Association).
  • MOA (Memorandum of Association).
  • The License of the partners and banking reference of existing business if required.

• Freezone allows businesses to set up two types of companies. You can determine the type of legal entity your business would take up and establish your company accordingly. The two types are:
  • Free Zone Limited Liability Company (FZ LLC) or Free Zone Company (FZ Co.)
  • Free Zone Establishment (FZE)

  The primary difference between the two types is in the number of shareholders and whether the shareholder is a legal or natural person. Normally, all free zones might not register both company types. Therefore, you must inquire from the individual free zone authorities regarding the type of company that requires to be registered. As for an existing local or foreign company, they may set up a branch of their company in free zones.