Free Zone Company Formation
The main attractions of establishing an entity in one of the UAE’s Free Zones is that there are no foreign ownership restrictions and companies are governed by an independent Free Zone Authority (FZA), which is responsible for issuing operating licenses and regulating the activities of companies within the Free Zone.
Free trade zones are generally located in strategic geographical locations like national borders, international airports and major seaports, to maximize trading advantages.
Some examples include media free zones, such as Sharjah Media City, Dubai Media City and Fujairah Creative City and technology and IT free zones, like Dubai Silicon Oasis.
A free zone company cannot physically trade directly with the UAE market. However, the company can undertake local business through a locally appointed distribution agent and will incur a custom duty of 5%. Free zones cannot participate in government tenders
Free Zone Licenses
Commercial License
Requires Commercial License for all trading activities.
Industrial License
Requires Industrial License for conducting manufacturing activities
Professional License
Requires Professional License which covers professions, services, craftsmen and artisans.
Documents Required
- Visa Page Copy
- Passport Copy
- 3 Trade Names are required for your Business
- NOC ( If, you are on another visa in UAE)
- CV for each Shareholder
- Reference Letter for each Shareholder
Set Up a Free Zone Company
Type Of Company
Determine which type of company you want to set up in any of the free zones. The capital requirement for such company depends upon that particular free zone where you want to setup a company.
Trade Name
After deciding the type of company, choose a trade name for your company you have to cross-check with the free zone department about the permitted trade names
Business License
After registering a trade name in the free zone authority, you have to apply for a trade license. The type of trade license depends on the activity of your business. You need to submit the valid documents while applying for the trade license.
Office
Free zone authorities give numerous options when it comes to choosing office space.You can buy or lease office in free trade zones.
Get The License
After getting the initial approval and name approval, register your company at the online portal, and get your trade license. It will only take 1-2 weeks to complete the process. Once you get the trade license, you are good to start your business activities.
Benefits
- 100% foreign ownership (no requirement for a local partner/sponsor);
- 100% repatriation of capital and profits;
- 100% corporate and personal income tax exemption;
- Absence of currency restrictions;
- Wide variety of licensable activities;
- Abundant and inexpensive energy;
- Modern, efficient communications;
- Logistic efficiencies due to business cluster effect;
- Serviced desks and offices for SMEs and start-ups;
- Excellent support services.
Free Zone Company
Legal Structure
— Free Zone Establishment, with a single shareholder (FZE)
— Free Zone LLC
— Subsidiary
— Branch
— Representative Office
— Holding Company
Free Zone Company Setup Process
01. Select your business activity
02. Choose your business legal Structure
03. Get approval for both business activity and Trade name
04. Apply for initial License approval
05. Apply for E-Channel
06.Get License Approved
07.Getting an establishment card and apply for visa
08. Open Company’s Bank Account
Government Departments
We Work Closely with all Government Departments
