Everything you need to
know about setting up a
Freezone company
Start your own business in UAE from AED 5,750
Freezone Company Setup Zero Visa
AED 5,750
- Freezone License
- Zero Visa Allocation
- 100% ownership of the company
- Free Company Stamp
- Free 5 Business Email with Domain & Hosting
- Free Wio Business Bank Account Assistance
- Free Business Setup Consultation
- Complete Documentation
T & C Apply*
Business Setup In Free Zones
Setting up a business in the free zones of the UAE offers numerous advantages that make it an attractive option for entrepreneurs. Free zones are designated areas where foreign investors can establish their companies with 100% ownership and enjoy tax exemptions. These zones provide state-of-the-art infrastructure, advanced communication systems, reliable transportation links, and streamlined processes, making it easier for businesses to operate smoothly.
Additionally, free zone companies benefit from simplified licensing procedures and quick company registration processes. They have access to a wide range of support services such as banking facilities, legal assistance, visa processing, and recruitment services. Moreover, free zones offer their residents duty-free imports and exports and provide them with a cosmopolitan environment conducive to networking opportunities and collaboration.
There are over 40 free zones across the UAE catering to various industries like technology, finance, media, logistics, healthcare, manufacturing, and more. Each free zone has its specific regulations pertaining to business activities allowed within its boundaries. Choosing the right free zone depends on factors such as the nature of the business and target market.
The process of setting up a business in a UAE free zone typically involves tasks like selecting a suitable legal entity structure (Free Zone Company or Free Zone Establishment), choosing an appropriate trade name for the company, submitting necessary documents such as passport copies, business plans, etc., obtaining an initial approval from the authorities, finalizing the lease agreement for office space or warehouse facilities within the chosen free zone area.
It is important to note that while free zone companies enjoy benefits like full foreign ownership and tax exemptions within the free zone jurisdiction itself; conducting business outside these designated areas would require partnering with local agents or distributors who shall hold at least 51% of shares if involvement in certain commercial activities requires UAE nationals’ participation.
The Benefits Of Setting up a Freezone Company
Setting up a freezone company can provide numerous benefits for businesses of all sizes. One major advantage is the ability to enjoy 100% ownership of the business, as opposed to the requirement of having a local partner in mainland companies. Additionally, freezones usually offer abundant resources and state-of-the-art infrastructure, providing companies with a conducive environment to flourish.
Freezone companies also benefit from exemption from corporate taxes for extended periods, allowing them to retain more profits and reinvest in their growth strategies. Moreover, they often receive advantages such as fast-track visa processes, making it easier to attract skilled talent from around the world.
Another significant advantage is that freezones allow for seamless import and export activities without customs duties or tariffs between countries within the freezone network. This enables international trade opportunities without cumbersome bureaucratic procedures or additional costs.
Furthermore, operating in a freezone provides access to an extensive network of potential clients and suppliers, as numerous businesses choose to establish their operations within these areas. This proximity fosters collaboration and partnerships, enabling companies to tap into a vibrant ecosystem that facilitates growth and innovation.
In terms of ease of setup, starting a business in a freezone is relatively straightforward and streamlined compared to other locations. The process is designed to be efficient and supportive with simplified administrative procedures while offering guidance through each step.
Lastly, by establishing their presence in a recognized freezone hub such as Dubai or Singapore, companies gain reputational credibility and access to global markets. These hubs are seen as global economic powerhouses attracting investors and creating cross-border opportunities.
In conclusion, setting up a freezone company presents various advantages including full ownership rights, tax savings, simplified import/export processes, access to an extensive network of partners and suppliers, ease of setup procedures, and enhanced global market visibility. Businesses considering expanding their operations should seriously consider incorporating entities within these strategic zones.
Unique Features of Freezone Company
The Freezone Company offers several unique features that set it apart from other companies. Firstly, it provides a tax-free environment for businesses operating within its jurisdiction. This allows companies to maximize their profits and reinvest them into further growth and development. Additionally, the Freezone Company also offers 100% foreign ownership, meaning that investors from all around the world can fully own and control their businesses without any local partnership requirements.
Another significant feature is that the Freezone Company facilitates easy company setup procedures with minimal bureaucratic hurdles. It offers streamlined registration processes, simplifying the process for entrepreneurs to start their businesses quickly and efficiently. Moreover, the Freezone Company provides state-of-the-art infrastructure and facilities that are specifically designed to meet the unique needs of different industries.
Furthermore, this company fosters a supportive business community by encouraging collaboration among its members. It organizes networking events and forums where entrepreneurs can connect with one another, exchange ideas, and potentially form mutually beneficial partnerships. The Freezone Company also offers access to a wide range of business services such as legal consulting, marketing support, and assistance with visa applications.
In addition to these features, there are various incentives offered by the Freezone Company to attract investments. These include customs duty exemptions on imports and exports, no currency restrictions or exchange controls, as well as simplified labor regulations.
Overall, the unique features provided by the Freezone Company make it an attractive destination for businesses seeking a favorable operating environment with numerous benefits and opportunities for growth.
The Process Of Setting Up a FreeZone Company
Setting up a free zone company involves several steps that need to be carefully undertaken. Firstly, an entrepreneur must choose the right free zone authority for their business and obtain an initial approval. This approval will give them access to apply for a trade license within the chosen free zone.
Next, the entrepreneur needs to gather all required documents and submit them along with the completed application form. These documents typically include a detailed business plan, passport copies of shareholders and managers, financial statements, and proof of address.
Once the application is submitted, it goes through a thorough review process by the free zone authority. If approved, the entrepreneur receives an approval letter which allows them to proceed with other necessary processes like registering a company name and obtaining a physical office or warehouse space within the designated free zone area.
After completing these steps successfully, the entrepreneur can now apply for licenses specific to their business activities. These licenses may include trading licenses, service licenses, industrial licenses, or professional licenses depending on the nature of their operations.
Upon obtaining all necessary licenses, the entrepreneur needs to open a corporate bank account in order to conduct financial transactions related to their business operations.
Throughout this entire process, it is highly recommended that entrepreneurs seek guidance from experienced consultants specialized in setting up companies within free zones as it can be complex and varies depending on each specific jurisdiction. Their expertise can aid in navigating legal procedures smoothly while saving time and resources.
Expert Assistance
Positive Zone Business Services is a leading service provider that specializes in helping entrepreneurs and companies set up their businesses in free zones in the United Arab Emirates (UAE). Our experienced team of professionals has extensive knowledge of the various free zones available across the UAE and can guide and assist you in selecting the most suitable one for your business needs.
We understand that navigating through the complexities of government regulations, licensing procedures, and paperwork can be overwhelming for individuals unfamiliar with the UAE business environment. That’s why we offer comprehensive services to ease your burden and streamline the entire process.
Our range of services include conducting feasibility studies, advising on legal requirements, obtaining licenses and permits, assisting with visa applications, facilitating company registration, opening bank accounts, providing office space solutions, arranging sponsorships, and much more. We tailor our services to meet your specific requirements, ensuring a hassle-free experience from start to finish.
By leveraging our expertise and network in the industry, we aim to not only simplify the setup process but also help you make informed decisions about your business venture. We will guide you through drafting business plans, developing marketing strategies, and understanding market demographics to maximize your chances of success in the UAE.
With Positive Zone Business Services by your side, you can rest assured that every aspect of setting up your business in a free zone will be handled efficiently and professionally. Focus on what you do best – running your business – while we take care of all the necessary steps to establish operations swiftly. Contact us today to discuss how we can assist you in tapping into the lucrative opportunities offered by free zones in the UAE.
Our Services
Why are we here?
Customized
Services
Consultants with
experience
Effortless
Procedure
Various Payment
Methods
Send Us Your
Inquiry
Send Us Your Inquiry
Our headquaters
Office Number 306, White Crown Building, Trade Center 1- Sheikh Zayed Rd - Dubai
call
+971 55 625 4752
