Freezone

Free Zones

COMPNAY FORMATION

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.