The
company formation in UAE free zone is not subject to commercial firms Law. Free
Zones in Dubai and UAE are considered to be outside the rule of UAE, and are beneath
the rules and regulations of concerned free zone. The companies under the Dubai
Free Zone are responsible to maintain the rules and regulation of the Dubai
Free Zone Authority.
Dubai
offers excellent business prospects for investors from all over the
place of the world for their Free zone company setup in Dubai. As far as the
rules and regulations are concerned, Dubai offers the most generous working situation
and easy free zone company formation processes. We acts as one of the stop
solutions to the investor thus decreases the troubles to investors and gets
everything complete the fastest possible way.
Types of company registered in Dubai
free zone
Free Zone
Establishment (FZE): This type of company can be open with one individual
or with one corporate shareholder.
Free Zone
Company (FZCO): This type of company can be open with minimum of 2 or more
shareholders. Shareholders can be either individuals or corporate companies
Branch
Office
All these types of firms may not
be offered in every UAE free zone. There will be some change according to the
rules as well as regulations of each free zone authority.
How to start a business in UAE Free
Trade Zone?
There are more than 44 free zones open within the UAE. Every Emirate is
having different free zones authority with different procedures. In Dubai
itself, there are around 33 free trade zones on the market. Among them, the leading
free trade zones are Jebel Ali free zone (JAFZ), Dubai Airport free zones (DAFZ),
DMCC, DCCA and lots of other free zones. Free Trade zones are created to
support the activities. As an example, Dubai Media free zone, Sharjah Media free
zones are completely different media free zones within the UAE.
·
100% foreign possession of the
businesses, and are
·
Exempt from company and
private taxes for a as variety of years.
·
They are most ordinarily used
for import / re-export or for industrial or producing firms.
·
Many service-related firms
conjointly use free zones as their base of operations.
·
The key purpose to notice is
that these entities aren't accredited to try to to business outside of the free
zones.
Type of license available in Dubai free
zone
Normally, Dubai
freezone company formation offer the following types of business licenses:
·
Trading License: This
type of license allows company to carry out trading activities like buying,
import & export and selling of limited number of goods and commodities.
·
General Trading License: This
type of license will allow company to deal with trading of all types of goods
with some exemption on banned goods and products that need special approvals.
·
Service License: This
type of license is issued to companies which deal with consultancy,
accountancy, etc. services.
·
Industrial License: This
type of license allows the company to carryout manufacturing, packaging and
processing in Dubai free zone.
Key benefits of Free Zone Company set
up in Dubai
·
100% Foreign Ownership (no
local partner or sponsor required)
·
No corporate tax for 50 years
and can be renewable for an additional 50 years
·
Easy recruitment procedures,
work permits and Visas
·
Duty free goods importing into
the free zones
·
Facility to own the properties
·
Business confidentiality is
strictly maintained
·
No restriction for doing more
than one activity
·
Renewal fees are
moderate for Business
setup in Dubai free zone
·
Allowed to open bank account
in Dubai
·
Can wind up business at your
discretion
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