If you are a foreign citizen looking to establish your business in UAE with 100% ownership, then Freezone is something that you should know about. Allowing foreign citizens to set up their business in UAE along with a local partner and 100% ownership, Freezone is an ideal business setup. There are several free zones in Dubai and the UAE, which are basically isolated lands or installations with unique customs, imports and exports regime, tax, etc. These areas are governed by a specific framework of regulations.
The UAE comprises of plenty of free zones spread across Dubai Abu Dhabi, Sharjah, Ajman, Ras, Fujairah, Ras al Khaimah, and Um Al Quwain. The free zones are primarily divided into seaports free zones, airports free zones, and mainland free zones. The major attraction of a free zone business set up is that each zone has its own body structure and authority, which looks after the management of that zone.
The main aim of these free zones is to encourage people and business enthusiasts to set their foot into the pool of opportunities in the UAE and leverage foreign direct investment into the UAE. Freezone business setup UAE has plenty of benefits that encourage foreign citizens to bring their business to the UAE. These free zones are free to establish their own regulations and laws in a particular area. For instance, the Dubai International Financial Centre, one of the leading financial free zone in Dubai, has its own corporate law, contract law, employment law, and a specific court system as well.
Why Should You Go For Free Zone Business Set Up?
Today, in this competitive business realm that is continuously evolving, free zones are a great way to establish your presence in the UAE business market. Not just enjoying the 100% ownerships, entrepreneurs can also experience some of the amazing business perks that are hardly available in a general business set up in the UAE. Free zone business setup is a business model ideally designed for foreign citizens who are willing to start their business in the UAE. Take a look at benefits you can enjoy when choosing free zone business set up:-
- 100% ownership
- Tax exemption
- 100%repartition of capital and profits
- Exemption from import and export duties
- Quicker set up than incorporating in other areas
- 25 years lease option with warehouse facilities and areas for production and assembling.
- Virtual office and Flexi desk
- 3 years UAE residence visa
What Do You Need To Set Up Free Zone Business?
You need to possess a number of documents translated in English and notarized by the Arab Embassy or Gulf Corporation Council. Take a look at the essential documents:-
- Application form
- Business card
- Your business plan
- Attested and notarized Memorandum of Association and Articles of Association
- Passport Copies of partners and managers
How We Assist You?
Acknowledging all your needs and rightly abiding by your requirements, we help you steer through the entire process of establishing your business in the free zones of the UAE. What we can help you with:-
- Offering strategic input
- Preparing your business plan
- Getting your approved and cleared from the departments of free zones
- Preparing legal documents
- Handling all the documentation formalities.
Get in touch with us now to get your requirements fulfilled and set up your free zone business in the UAE at the earliest!