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UAE free zone company formation

Located along the coast of the Arabian Gulf, Dubai was earlier renowned largely for its oil industry, but the scenario has changed in the last 2 decades. Dubai is now a global city and a popular business hub at par with western nations, due to its diverse business model that drives the economy in the region. In order to attract foreign investment and empower the economy, free zones have been set up in Dubai that rewards foreign nationals with lucrative incentives for setting up their business in the Emirates. Coffee shop license in Dubai

The Free Zone Authority in Dubai is the government organization that handles registration formalities and issues business licenses to non-resident companies or foreign-owned businesses for company formation in Dubai free zones. Business setup in Dubai free zone brings a sea of opportunities for networking, collaborating and extensive growth in the business. The appealing tax regime and many incentives offered by the free zone authorities make Dubai the most preferred nation by an investor for IFZA business setup.

Benefits of Setting up a Business in Dubai Free Zone

Free zones are the most favorable locations for business setup equipped with state-of-the-art infrastructure, duty and tax exemptions, world-class business amenities, flexible government policies, and unmatched facilities.

These are not the only factors that drive Dubai free zone company formation; there are many more benefits of forming a company in Sharjah media city free zone, like:

  • 100% ownership for investors, regardless of their nationality and country of origin
  • 100% tax exemption on personal or corporate income or gains
  • 100% repatriation of capital and profits
  • Exclusion from all import and export duties
  • Handy office and warehouse facilities
  • Option for a company set up by an individual
  • Exemption on corporate tax for 15 years, renewable for another 15 years
  • Complete secrecy of operations
  • Flexibility to engage in international business
  • Fewer renewal charges
  • Flexibility to hold properties, participate in multiple activities, and open a bank account in Dubai
  • The option of liquidating anytime
  • Assistance in housing facilities, staff visas, and other support services

Types of Licenses Available for Business Setup in Dubai Free Zone

It is important to be aware of the various incentives that free zones in Dubai provide for license holders like Dubai Airport Free zone is allowing a dual license for its investors. The following licenses are offered by free zone authorities for Umm Al Quwain company registration:

1. Trading License

This type of license, if acquired, allows one to carry out trading activities like buying, import & export, and selling of a limited number of commodities.

2. General Trading Activities

One can deal with the trading of all types of goods, with an exemption on a few banned products which need special approval with this license.

3. Service License

Companies that want to deal with activities like consulting, accountancy, etc. can acquire this license.

4. Industrial License

A company can carry out manufacturing, packaging and processing activities after obtaining this license.

Types of Business Entities Allowed in Dubai Free Zone

1. Free Zone Establishment (FZE)

This type of company can be registered with 1 individual or corporate shareholder.

2. Free Zone Company (FZC)

This type of company can be registered with 2 or more shareholders. A shareholder can be an individual or a company.

3. Branch Office

A business that has a company in the UAE or a foreign land can have a branch in one of the free zones of Dubai. You can also check our other services Health supplement registration in Dubai, and Will registration in Dubai

How to Open a Company in Dubai Free Zone?

Dubai offers rewarding options for company formation to investors, to set up their business anywhere in the Emirates depending on the type of their business, location (free zones, mainland or offshore), budget, ownership preferences (100% ownership or local sponsorship), and other such factors. There are certain formalities and procedures to be completed in order to set up a business in Dubai free zones. These need acute planning, knowledge of local culture and government norms, and elaborate decision making, through different business setup phases. PRO services company in Dubai

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