UAE Free Zones- The Best Jurisdictions to do Business

UAE Free Zones Business Setup

UAE free zones are the most successful model for socio-economic development, providing all aspects of an administered, integrated, and dedicated business operating environment. Forward-thinking businesses choose free zones company formation to tap into the talent and opportunity of expansive markets like the Middle East. UAE free zones foster innovation, create opportunities, and connect with the global network of professionals to empower great ideas that drive progress.

Free Zones - Become an Ever-Popular Business Jurisdiction

"Grow faster, succeed bigger, and build the future of business in a UAE-free zone." As a result, there are greater flexibility and variety in today's workforce. More top-tier professionals have upped their careers to agile work; that's why UAE is a perfect place for these people.

Henceforth, make yourself more flexible and enhance your career by choosing free zones in UAE. Choosing a free zone is healthier when compared with your business health. Take your firm to the subsequent level in a free zone, and it helps you by providing a wide range of incentives and flexibility. 

Things that Attract Entrepreneurs to Choose UAE Free Zones

UAE is one of the most attractive free zones in the region due to its political and social stability. As home to diverse and vibrant communities, the UAE plays an integral role as an important part of the global community. 

Typically, the number of people choosing UAE free zones as a preferred business location over traditional options has decreased operational costs and better investment returns. Whether an aspiring entrepreneur or an established business, UAE free zones offers you global connectivity with customized support. As a result, establishing your business in UAE free zone is easier than ever.

The Pros and Wellness of UAE Free Zones Company Formation

Unlocking business opportunities and registering a foreign company in UAE-free zones has not been more accessible. Establish a global presence and access a diverse range of markets by taking advantage of the business-friendly environment in the United Arab Emirates. Knowing the company formation in UAE benefits you in every business aspect. 

  • 100% foreign ownership
  • Exempted from import and export tax
  • Free from income and corporate taxes
  • 100% Repatriation of capital and profits

UAE Free Zones Company Formation- Shines with Bolstering Results

Doing business in the UAE is one of the best decisions you could ever make. UAE offers the most outstanding business opportunities in the region, making it the ideal place to set up a global business. 

The free zones in UAE are a gateway to world-class business and technology infrastructure in uae. It offers the perfect setting for international businesses, and with a legacy of over 50 years, the country's free zones have attracted more than 6,000 strategic investors worldwide.  

In the UAE Free Zones, foreign companies can freely set up and run businesses in terms of legal entity and the nature of business, subject to the approval of the relevant license. However, this is not only limited by the free zone law but also by other existing UAE laws and regulations.

A Detailed Depiction of the UAE Free Zone Business Setup

Many international companies have set up their companies in UAE-free zones. If you want to be one among them, then explore the detailed procedures to learn more about the business setup in UAE. 

a) Choose the Business Activity

When wishing to start a business in any of the UAE-free zones, the first thing one should remember is to select a business activity.

b) Draft a Trading Name

After selecting a business activity, you should know the terms and conditions for drafting a company name.

  • Do not violate any rules
  • Do not repeat the same word
  • Don't use any offensive terms

c) Select a Business Entity

Once you are done with finalizing the trade name, the next thing you should consider is selecting a legal structure.

The free zone companies in UAE fall under these legal structures.

  • Free Zone Company (FZC)
  • Free Zone Establishments (FZE)
  • Branch Office

d) Find a Strategic Location

After selecting the legal structure, find a strategic location. Depending upon your business activity, thoroughly research the market stability and focus on your business. The location you chose would determine what activity you are up to.

e) Obtain a License

If you think proceeding with the further steps, the next step is to obtain a business license. There are different business licenses one should opt for while starting a business.

  • General Trading License
  • Trade/Commercial License
  • Service License 
  • Industrial License 
  • Warehousing Permit
  • Manufacturing License

After analysing the different types of licenses, have thorough market research on what type of business licenses suits your business the most. Once you are ready to apply for the business license, submit the respective documents to the free zone authorities.

f) Open a Bank Account

The final thing is to open a free zone bank account. To open an account, you must submit the necessary documents to the respective free zone authority.

  • Trade license
  • Memorandum of Association (MOA)
  • Latest six months’ bank statement
  • Invoice 3 credit and three debit
  • Residency utility bill (last two months)
  • Office Ejari or Tenancy
  • Office pictures with the company board
  • Passport (all shareholders)
  • Visa (all shareholders)
  • Emirates id (all shareholders)

Along with the documentation process, it would be beneficial if you explore the corporate bank account opening in Dubai-UAE.

Documents Required to Obtain a Free Zone License UAE

Getting the best business license for your needs will vary depending on the types of activity you choose. 

Here are a few requirements one should be aware of while obtaining a license.

  • Duly filled application license form
  • Business card of the contact person
  • Business plan copy
  • Passport copies of the partners and managers
  • Notarised and attested Memorandum of Association (MOA) and Articles of Association (AOA)
  • Original bank reference letter
  • Existing company profile

An Approximate Range of UAE Company Formation Cost

The cost of company setup varies depending upon each jurisdiction. To get a clear idea, have a word with a business consultant.

S. No Freezones in UAE Cost Starts From
1 Dubai Free Zone AED 6000
2 Sharjah Free Zone AED 4,950
3 Abu Dhabi Free Zone AED 4,500
4 Ajman Free Zone AED 6,500
5 RAK Free Zone AED 8,200
6 UAQ Free Zone AED 8000

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