Free Zones Company Formation in UAE
Business Setup is not an easy job to pull for a country of many international companies don’t entry certain country because of hard rules and regulation they pose on foreign firms. A number of companies shy away from directing investing in UAE the reason is that they can’t directly invest they need to partner with a UAE national that will hold 51% shares of the company. Business Setup in Free Zones has become quite popular among foreign investors because it gives them 100% ownership. Free Zone provides various types of facilities in this particular region company enjoys special tax free status and trading barriers are low compared to other industries where companies can import, export, manufactured, and handled, or reconfigured products without paying customs duty. These zones are situated in strategic geographical locations like national borders, international airports, and major seaports, to maximize trading advantages.
To encourage these initiatives the UAE government has structured several free zones across Emirates each of the,m there unique designs and traits according to the business activity. Non residents individuals and companies enjoy fruitful incentives like no bureaucratic red tape, 100% ownership, and the convenience of single-window administration. The government has built 44 free Zones all around the United Arab Emirates due to these initiatives more than 200000 companies have invested money and help in the GDP of UAE. Every Free Zone vary from each other there are specific license you need to get in order to setup your business but the basic paperwork for all the Zone is the same.
The main focus of the Free Zone is to provide a boost to the economy of the following region and bring foreign investment, increase growth. In order to setup your business you need to register and obtain a license from the Free Zone Authority which is a government body that takes of the non residents companies.