Navigating The Economic Free Zones
Strategic Trade Zones
Navigating The Economic Free Zones
Strategic Trade Zones
Economic Free Zones are designated regions that facilitate trade with advantageous tax and customs conditions. These zones were established to encourage global business activities in the area by providing perks like full foreign company ownership. In the UAE, there are more than 50 such zones, with certain ones catering to a broad range of industries, while others are tailored to specific industry sectors.
Advantages of Offshore
The Strategic Edge
Advantages of Offshore
The Strategic Edge
100% Ownership
Foreign investors and entrepreneurs can fully own their business without the need for a local sponsor or partner. This full ownership allows for greater control and decision-making power over the business.
No NOC Requirement
Entrepreneurs do not need a No Objection Certificate (NOC) from their current employer to start a business in a Free Zone.
100% Tax-Free
Businesses benefit from a complete exemption from corporate and personal taxes. This tax-free environment is highly advantageous as it maximizes profit retention
No Paid-Up Share Capital Requirement
Free Zones typically do not mandate a minimum share capital to start a business. This reduces the financial barrier to entry for small businesses and startups.
No Requirement for Physical Office Space
Businesses can be established without the need to rent or purchase physical office space. This can significantly reduce overhead costs, especially beneficial for startups and small businesses.
Incorporation Under Common Law
Some Free Zones allow companies to be incorporated under common law, which is familiar to many international investors and provides a predictable and transparent legal framework.
Steps for Free zone license
Building Your Business: A Guide to Forming Freezone license
Steps for Free zone license
Building Your Business: A Guide to Forming Freezone license
Choose Business Activity
The first step is to identify the specific business activity or activities your company will engage in. This is crucial as it determines the type of license required and the Free Zone that best suits your business needs
Finalise Company Name
need to choose a company name and ensure it adheres to the UAE’s naming conventions.
Incorporation Paperwork
This involves submitting various documents for company registration. These typically include a business plan, passport copies of the shareholders and directors, and application forms.
License Issuance
The Free Zone authority will issue a business license. This license is a legal document that allows you to conduct the business activities specified in your application.
Company Bank Account
With the business license, you can open a corporate bank account. You’ll need to provide the bank with your business license, incorporation documents, and identification documents.
Receive Immigration Card
The immigration card is a necessary document for processing visas and other immigration-related paperwork for you and your employees.
Professional Assistance With Free Zone Company Registration
Choosing 811
Professional Assistance With Free Zone Company Registration
Choosing 811
Confidentiality Assurance
Free Zone authorities ensure utmost confidentiality regarding business assets and operations.
No Trade Barriers
Free zone companies can trade freely within their Free Zone and globally, with no limitations on trade volume.
Tax Exemptions
Free from corporate taxes and import duties, enhancing profitability.
Capital and Profit Repatriation
Total freedom to repatriate all investment and profits to foreign countries.
