UAE Freezone
Dubai Freezone Business setup
Sharjah Freezone Business setup
Abu Dhabi Freezone Business setup
Ajman Freezone Business setup
Benefits UAE Freezone Company Formation
- 100% Foreign Ownership with complete ownership rights to foreign investors.
- Attractive tax incentives, including exemption from corporate and personal income taxes for a specified period.
- Customs Duty Exemption allowing for easier movement of goods and reducing operational costs for businesses engaged in trading and manufacturing activities.
- Repatriate 100% of your capital and profits without any restrictions allowing full control of financial resources and maximize ROI.
- Free zones have simplified and efficient company registration processes, reducing bureaucratic red tape and accelerating the setup timeline.
- World-Class Infrastructure, offering modern office spaces, warehouses, logistics facilities, and advanced technology.
- Access to Global Markets and excellent connectivity to key markets in the Middle East, Africa, and Asia.
- Sector-Specific Clusters help foster collaborations, knowledge sharing, and networking opportunities, which can lead to partnerships, and business growth.
- Allows you to tap into the talent pool of skilled professionals who can contribute to the success of your business.
- Flexibility in terms of business activities permitted allowing you to pursue your specific business interests.
Process For Business Setup In UAE Freezone
Application Form
Fill out the application form provided by the chosen free zone authority. The form typically requires details about the company structure, shareholders, business activities, and other relevant information.
Business Plan
Prepare a comprehensive business plan that outlines your company's objectives, market analysis, financial projections, and growth strategies. The business plan helps demonstrate the viability and potential of your business to the free zone authority.
Company Type
Determine the type of company you wish to establish, such as a Free Zone Company (FZCO), Free Zone Establishment (FZE), Branch Office, or Representative Office. Each entity type has specific requirements and regulations.
Shareholder(s) and Director(s)
Provide passport copies and relevant personal details of shareholders and directors. Some free zones may require additional documentation, such as educational certificates and experience letters.
Share Capital
Determine the minimum share capital requirement for your chosen company type. This amount must be deposited in a bank account and proof of capital injection must be provided during the setup process.
Office Space
Choose an appropriate office or warehouse space within the free zone. The size and type of space required may vary based on the nature of your business activities.
Trade Name Reservation
Propose a unique trade name for your company and submit it for approval. The free zone authority will check the availability of the name and ensure it complies with naming guidelines.
Legal Documentation
Prepare and submit the required legal documents, which may include Memorandum and Articles of Association, shareholders' agreement, lease agreement, and board resolutions. These documents define the company structure, shareholding, management, and other important aspects.
Licensing
Apply for the necessary licenses and permits related to your business activities. The specific licenses required will depend on the nature of your operations, such as trading, manufacturing, services, or consulting.
Visas and Labor Approvals
If you plan to hire employees, apply for employment visas and labor approvals for yourself and your staff members. This involves submitting passport copies, photographs, medical tests, and employment contracts to the relevant authorities.
Bank Account
Open a corporate bank account with a UAE bank. Provide the necessary documentation, such as the trade license, legal documents, shareholder information, and proof of address.
Frequently Asked Questions
The UAE offers several types of business entities that you can establish, including mainland companies, free zone companies, and offshore companies.
- The requirements for obtaining a business license in the UAE may vary depending on the business activity and the jurisdiction in which you plan to establish your company. Generally, you will need to submit the necessary documents such as passport copies, business plan, lease agreement, and company registration forms.
- Yes, in certain jurisdictions such as free zones, you can have 100% ownership of your business. Free zones in the UAE offer foreign investors the advantage of complete ownership without the need for a local sponsor or partner.
The process of setting up a business in the UAE typically involves the following steps:
- Determine the business activity and legal structure
- Choose the appropriate jurisdiction and obtain initial approvals
- Reserve a trade name and prepare the necessary documentation
- Apply for the business license and obtain necessary permits
- Arrange for office space and other infrastructure requirements
- Open a corporate bank account
- Complete the registration process with relevant authorities
- Fulfill any additional post-registration requirements