A business setup in Dubai can be a lucrative opportunity to make profits, grow internationally, and create a reputed brand name. At BCM Corporate Services LLC, we have years of experience nurturing businesses across all scales and industries for a hassle-free establishment in Dubai.
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The Dubai Free zone Licenses are issued based on the particular business activity of the company. Certain new free zone regions are under construction and therefore the total number of Free zone Company Setup would rise in the coming years. Free Zone Authority (FZA) is the governing body in charge of the activities related to a Free Zone company like license issuance and operation.
The Commercial laws governing the UAE mainland companies are not applicable to the Free zone companies. One of the greatest benefits of business set up in Dubai Free zone is that foreign investors can enjoy 100% ownership.
Apart from complete ownership benefits, monetary benefits like complete tax exemptions, 100% repatriation benefits, absence of foreign exchange restrictions are the added benefits of Dubai Free zone company formation.
Apart from complete ownership benefits, monetary benefits like complete tax exemptions, 100% repatriation benefits, absence of foreign exchange restrictions are the added benefits of Dubai Free zone company formation.
When your company is approved for the Free zone business, it is given any of the Dubai Free zone licenses such as Trade License, Industrial License, Service License, or National Industrial License by the Free Zone Authority. These Free zone Company Setups can be renewed annually as long as the lease agreement is in force.
You are supposed to select your desired free zone jurisdiction based on the type of business. Your business activity should match the category of the preferred Free zone. Even though offshore companies share some of the benefits of Freezone companies in Dubai, they are not identification
In order to provide them with proper assistance in an easy Company Registration Business Setup in Dubai, we are always there to serve them. Today, Dubai is flourishing with a variety of new and different sectors of business organizations. It has all been possible because there are large numbers of companies all around the world coming here to establish their business.
We are the best in establishing foreign businesses here and in this field the most successful company in Dubai, UAE. So, if someone is planning for a Free zone Company Setup then contact us and we will guide you with all the necessary guidance that you need.
There are currently 45 free zones across the UAE.
Over the years, the UAE’s free zones have evolved to offer ever-increasing advantages to the businesses within them. Many free zones cater to specific industries or business types – for example, Dubai Healthcare City serves those in the healthcare industry while JAFZA Free Zone Authority is directly linked to the largest port in the region and is therefore favored by those in the import/export trade.
The UAE has long been an attractive destination for entrepreneurs the world over. Offering low tax, a strategic location at the heart of the world’s largest and fastest emerging markets, and a government committed to nurturing and supporting business, it’s not hard to see why. But while these may be the factors that get the headlines, there’s another major reason why so many flock to the UAE’s shores to do business – free zones. So what is a free zone?
There are around 40 Free Zones operating in the UAE, with more under construction. Each Free Zone is designed around one or more commercial categories and only offers licenses to companies within those categories.
The main attraction 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.
The UAE is now a major business hub and ideal for setting up a business or a representative office, there are now over 40 different “Free Trade Zones” in the UAE so identifying the best Free Zone through which to conduct business in the region can be a tedious task. It is also a common misconception that a Free Zone Company is an offshore company, however, in spite of their similarities; they do also have very differing characteristics.
If you’re looking to set up a company in the UAE, there are plenty of reasons to choose a free zone.
Easy setup: The Free zone Company setup process in most free zones is incredibly straightforward. The exact application process will depend on your business activity and chosen free zone but in many cases, you are only required to provide some basic documentation such as passport copies and business paperwork. The whole process often takes just a week or two. Many free zones also offer Flexi-desk and virtual packages allowing you to make use of the free zone address and facilities on an ad-hoc basis.
Tax and duty: This is perhaps the most compelling reason to choose a free zone: the tax regime. Set up in a free zone and as well as benefiting from 0% corporate and personal tax, your business will also be exempt from VAT, currently at 5%. And that’s not all. Free zone businesses are exempt from import and export tax too and can trade with no currency restrictions.
The nature of the business activity that you intend to carry out will have a big influence on selecting the Free Zone to meet your requirements. The principal Free Zones and their license activities include:
Investors can either register a new company in the form of a Free Zone Establishment (FZE) or a Free Zone Company (FZC) – an FZE has one shareholder and an FZC has two or more – or simply establish a branch or representative office of their existing or parent company based within the UAE or abroad. An FZE or FZC is a limited liability company governed by the rules and regulations of the Free Zone in which it is established. The provisions of the UAE Commercial Companies Law (CCL) do not apply.