Free Zone Company Formation in Dubai

Free Zone Company Formation in UAE is a natural choice for foreign businesses and entrepreneurs. 100% foreign ownership, 0% taxes, no import and export duties, no restrictions on hiring expatriate work force……. Free Zones in Dubai and elsewhere in UAE offer the perfect packages for your foreign expansion.

UAE Free Zone Company Incorporation.

Businesses wishing to operate in UAE should be aware that several zones, known as Free Zones, have been established in most of the emirates such as Dubai, Sharjah, Ajman, Ras Al Khaimah and Fujairah. The purpose of these Free Zones is to ease foreign investment in UAE. However, a company registered in UAE Free Zones are restricted over the types of dealings they may conduct outside the designated free zones. Businesses wishing to conduct business in the mainland UAE must comply with the requirements of the Companies Law and other relevant laws applicable to the respective industry.

Companies incorporated and operating within the free zones are not subject to many of the restrictions imposed by the Companies Law and other UAE laws and regulations.

There are around 30 free zones in Dubai and around 40 Free Zones in UAE. The commercial activity, logistics, cost of business formation, operational aspects etc normally dictate which free zone should be used.

Each free zone is governed by an independent free zone authority, which, among other things, is responsible for drafting and implementing the zone’s regulations, policies and strategies and for issuing the necessary operating licenses for operation within the zone.

UAE Free Zone Company is treated as being offshore or outside the UAE for legal purposes.

Below is an overview of the most popular methods used by foreign companies to operate in UAE within a free zone.

A Free Zone Company Formation in UAE can be achieved in the following ways:

• A branch of an existing company.
• Foreign Branch – A foreign affiliate that is legally a part of a firm residing outside of the UAE.
• Local Branch – A domestic affiliate that is legally a part of a firm residing in the UAE
• Free Zone Company (FZCO or FZ LLC) – A new business entity which is owned by 2 or more than 5 partners.
• Free Zone Establishment (FZE) – A new business entity with a sole business owner.

Such companies can be owned 100% by foreign investor with no involvement of local partner or sponsor.

A Free Zone company formation in UAE offers the following incentives to investors:

• 100% foreign ownership.
• No corporate taxation for 50 years – a concession that’s renewable.
• Freedom to repatriate capital and income in totality.
• No personal income tax.
• Full exemption from import duties.
• No currency restrictions.
• No bureaucratic red-tape.
• No recruitment problems.
• Modern efficient communication.
• State of the art infrastructure.
• Abundant energy.
• Attractive working environment.
• Owned premises on leased land can be mortgaged.

Free Zone Company Formation in UAE: Services by Cross Border Business Consultants.

• Assistance to make a business plan.
• Free Zone Company Formation in UAE.
• Complete documentation to obtain the licence.
• Arranging meeting with bank officials.
• Bank account opening.
• Assistance in choosing appropriate partner(s).
• Coordinating between the investor and the Government authorities.
• Visiting various sites for the requirements of the clients (on the request of the client).
• Locating the office space as per the clients requirements etc.