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company formation in UAE free zone

The company formation in UAE free zone is not subject to commercial firms Law. Free Zones in Dubai and UAE are considered to be outside the rule of UAE, and are beneath the rules and regulations of concerned free zone. The companies under the Dubai Free Zone are responsible to maintain the rules and regulation of the Dubai Free Zone Authority.

Free Zones in Dubai are special economic zones offering tax free, 100% foreign ownership and free customs duty benefits to expat investors. This makes the free zones the most promising places in the Middle East for worldwide operations and fascinates many in Free zone company formation in Dubai. As a leading business consultancy, Business Link specializes in free zone company incorporation in Dubai & UAE free zones. Our free trade zone company formation service and business setup in UAE free zones includes A to Z processes done in professional way at minimal costs.

Dubai offers excellent business prospects for investors from all over the place of the world for their Free zone company setup in Dubai. As far as the rules and regulations are concerned, Dubai offers the most generous working situation and easy free zone company formation processes. We acts as one of the stop solutions to the investor thus decreases the troubles to investors and gets everything complete the fastest possible way.

Types of company registered in Dubai free zone

Free Zone Establishment (FZE): This type of company can be open with one individual or with one corporate shareholder.

Free Zone Company (FZCO): This type of company can be open with minimum of 2 or more shareholders. Shareholders can be either individuals or corporate companies

Branch Office

All these types of firms may not be offered in every UAE free zone. There will be some change according to the rules as well as regulations of each free zone authority.

How to start a business in UAE Free Trade Zone?

There are more than 44 free zones open within the UAE. Every Emirate is having different free zones authority with different procedures. In Dubai itself, there are around 33 free trade zones on the market. Among them, the leading free trade zones are Jebel Ali free zone (JAFZ), Dubai Airport free zones (DAFZ), DMCC, DCCA and lots of other free zones. Free Trade zones are created to support the activities. As an example, Dubai Media free zone, Sharjah Media free zones are completely different media free zones within the UAE.

  • 100% foreign possession of the businesses, and are
  • Exempt from company and private taxes for a as variety of years.
  • They are most ordinarily used for import / re-export or for industrial or producing firms.
  • Many service-related firms conjointly use free zones as their base of operations.
  • The key purpose to notice is that these entities aren't accredited to try to to business outside of the free zones.

Type of license available in Dubai free zone

  • Trading License: This type of license allows company to carry out trading activities like buying, import & export and selling of limited number of goods and commodities.
  • General Trading License: This type of license will allow company to deal with trading of all types of goods with some exemption on banned goods and products that need special approvals.
  • Service License: This type of license is issued to companies which deal with consultancy, accountancy, etc. services.
  • Industrial License: This type of license allows the company to carryout manufacturing, packaging and processing in Dubai free zone.

Key benefits of Free Zone Company set up in Dubai

  • 100% Foreign Ownership (no local partner or sponsor required)
  • No corporate tax for 50 years and can be renewable for an additional 50 years
  • Easy recruitment proceduresFree Reprint Articles, work permits and Visas
  • Duty free goods importing into the free zones
  • Facility to own the properties
  • Business confidentiality is strictly maintained
  • No restriction for doing more than one activity
  • Renewal fees are moderate for Business setup in Dubai free zone
  • Allowed to open bank account in Dubai
  • Can wind up business at your discretion

Source: Free Articles from ArticlesFactory.com

ABOUT THE AUTHOR


Normally, Dubai freezone company formation offer the 4 type of business license and we can assist you for all these 4 licenses.



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