UAE Free Zones
UAE free zones are fascinating places for new foreign investors who want to start a business with 100 % of its ownership. These zones offer 100% ownership along with zero taxes and many other benefits for the company owners. This makes free zones the most suitable location for international investors.
Hence, a Business Setup in Freezone needs a license, and the FreezoneLicenses in UAE are allotted based on the particular trade activity of the company. This is where you can get professional assistance from Alqudra. We help you establish Free zone Business Setup in Dubai without any hassle and quickly.
What Are Free Zones?
Free zones are important economic regions or places that issue and approve operating licenses for business formations, and they also give financial and tax exemptions. Overall, there are over 40 Free zones in the 7 Emirates of UAE.
Free zones are important economic regions or places that issue and approve operating licenses for business formations, and they also give financial and tax exemptions. Overall, there are over 40 Free zones in the 7 Emirates of UAE.
Some Benefits Of UAE Free Zone Company Registration
- 100% tax exemption
- 3 years visas for the investors themselves along with their family and staff
- Low cost for high-quality labor
- More chances of growth due to ideal location
- 100% ownership of the business
- Separate and independent opening up of bank account and its safe working
- Transport networks and roads are developed in a modern manner
- Greater opportunities for import and export
- Virtual office facilities are also available
- Much fewer restrictions related to staff recruitment
- 100% repatriation of capital and profits
- Most significant quality infrastructure
- Additional services, such as housing and sponsorship
Alqudra Services For UAE Free Zone
While Company Registration in UAE free zone, Alqudra’s support and guidance can help you to avoid the complexity of the procedure and can be time-saving. Services offered by Alqudra are:
- Providing the best guidance and strategic ideals while selecting a suitable free zone company for you.
- Help in preparing all sorts of documents and handling all of the paperwork.
- We assist you in selecting the trade name for your company and further make its approval very easy for you.
- Assistance in government approval.
- Thorough guidance for bank account opening.
- Our experts give you professional guidance regarding the registration process and its continuity.
- We help you by making this process easy for you and reducing the time duration of this procedure.
If you are planning to Start a Business in Dubai or any other state of the UAE, you just need to seek advice only from an individual who works in the field of business, as during this difficult and complex process, you have to deal with legal issues and complicated norms.
Alqudra consultants have always appeared to be the best while providing expert suggestions when it comes to Business Setup in Dubai, Abu Dhabi, or any other emirate of the UAE. Our highly professional business startup specialists give you all the support and services to help you with Company Formation in Dubai and all other services in this regard.
Requirements For A Free zone
Company Formation In UAE
Share Capital
The share capital of various free zones also varies from one another. Some free zone companies do not require any sort of capital, while there are others that require minimum capital.
Trading
Trading is freely allowed among all the free zones in UAE, and all the activities of import and export are carried out without any sort of tax which is a great advantage for investors.
Duty on Goods
Except for the free zone, it will be mandatory for you to pay a duty of 5% if you are setting up your business in UAE Mainland. Any sort of trade activity is only possible through some service agent or distributor.
Selection of Appropriate Free Zone
A very important and main step while Free zone Company Formationis the selection of the right free zone according to your requirements. Few of these free zone companies support some particular type of business, but there are others that support businesses on a broad scale.
Rules and Regulations of Free Zone
There are different free zones, and every free zone has its own rules and regulations for starting up a business. Documentation of different free zones can also be very different from each other depending upon the type of your business. We help you figure out the type you need
Types Of Free Zone Entities
There are two main types of free zone corporate entities:
- Free zone Establishment (FZE)
- Free Zone Company (FZC)
The significant difference between both companies lies in the number of shareholders requires.
Establishment
An establishment is a single shareholder either and that single shareholder can either be a single person or a company.
Company
A company is basically an LLC, and it requires two or more shareholders who give the same benefits.
Each of these free zone entities has to get registration in the companies of their own side of the business and each of them has a different cost, structure, goals, aims, and requirements.
Branch Office
It is another legal structure available in most free zones. A branch office is one where the shareholder is the parent company registered outside the region of a free zone. It can either be outside UAE or outside the UAE-based company.
Frequently Asked Questions
- What the cost of the UAE free zone license?
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The type of free zone license has a direct implication on the total cost. It will be different based on types such as Commercial, Industrial, service, and General Trading. You can get a Free Zone license in UAE for about AED 10K to 50K.
- Is it necessary to reside in UAE for a free zone company registration?
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No, it is not mandatory for the business owner of the foreign investor to live in the UAE as a Free Zone company that has 100% foreign ownership. But, at the same time, while setting up a free zone company, you must keep in mind that the general manager of the company is required to be a resident of the UAE.
- What the cost of the commercial and office space in free zone company?
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While setting up a free zone company in UAE, you need to select from several office spaces, such as those that are Flexi-desk, fully furnished office, serviced office space, and much more. It is best to go for the commercial space based on your business type, trade activity, duration of the business, and similar other factors. It can cost you about AED 20K.
