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Incorporation of FreeZone Business in UAE

WHAT IS DUBAI FREE ZONE?

Get access to the highest advanced infrastructure, demonstrative sites, telecommunications, very affordable resources and many more in UAE free zones to invest for a successful business setup. We at EMARAAT, are excited to help you setting up a victorious business in Dubai Freezone.

Freezone or Free Economic Zone

Do you want a business setup in UAE with complete ownership freedom? Welcome to the freezone UAE complete guide. After reading this information package you will be able to make a solid decision for setting up your business in UAE.

There are two main sectors working behind the UAE economy: “onshore” and “offshore”. Free economic zones are designated by relevant authorities where companies can be 100% owned by the foreigners and they do not require a 51% local partner. If you are willing to setup a business and you are a foreigner, we recommend you to go for one of provided Dubai freezone.

Free economic zones allowed companies to work in UAE and run their operations with freedom staying in their freezone where their company is registered. The first UAE free zone company became apparent in 1985.

Free Zones development was a brilliant concept to promote, grow and develop new businesses. This is an appreciable concept in the international business community. This is the best ideal option for trade and export.

Freezone UAE

There are three categories of free zones: seaport free zones, airport free zones, and mainland free zones. There are so many freezones across Dubai, Abu Dhabi, Sharjah, Fujairah, Ajman, Ras al-Khaimah and Umm al-Quwain. Dubai alone has more than 30 free zones.

The objective of free trade zones or economic zones is to offer tax concessions and custom duty benefits to attract the foreign investors.

Free zone advantages

Free Zones are a big appeal to the foreign investors. The purpose behind the existence of Free Zones is the same; to entice the big and small both business entities from various industries to invest inside the UAE.

The successful establishment of Free Zones encouraged Authorities to create more Free Zones to facilitate foreign investors as well as to improve UAE’s economy. Therefore, new free zones are being declared every year.

All Free Zones rely on same rules regulations but the environment and services they offer are slightly different. Here are some advantages and services that Free Zones usually offer:

  • Ownership: You own your company 100%
  • Freedom: No Taxation
  • Sponsorship: No sponsorship of a UAE citizen is required
  • Custom Duties: your imports and exports both are duty free
  • Residency Visa: Business partners or shareholders and employees can have UAE residency visas
  • Workforce: Very affordable workforce availability
  • Work Timing: Free Zone company can operate its functions 24 hours
  • No personal income tax, capital gain tax and corporate tax
  • Restriction free money transaction
  • Easiest and fastest procedure to register a business or company
  • Setting up business at low cost is possible
  • Employees visas process is easy and restrictions free
  • Clear and Secure rules regulations
  • Affordable skilled professionals availability
  • A complete infrastructure with unquestionable communication system
  • Business support and other additional services available
  • Best working locations and perfect working environments

Free zone visa

In general all Dubai Freezone has a unique officious and may have different requirements in terms of business regulations. You need a preliminary research before final decision to set up a business in UAE.

Dubai Freezone visa process is basically very easy but only for those who are professionally expert in this field. This is very important to choose a proper platform for your business so you will be able to establish a successful entity.

You need an authorized company registration agent or professional business consultants in UAE to guide you through the whole process.

Documents Required For new Incorporation

  • Application Form
  • Passport Copy Of All Partners / Shareholders
  • Three Proposed Company Names

Required Documents For Freezone or Branch Registration

  • When you are trying to start a new Free Zone business or company in UAE, the first and quite difficult step is to gather particular documentations. Luckily, as compared to the other countries in the world, required documentations for company formation process in UAE are not so much complicated   .

    Different type of business needs different set of documentations to be approved by the relevant authority. So, the documentations rely on business activity, business partnership type, and the site.

    Typically, the required documents to form your company in UAE are as follows:

    Copy of the Passport

    First of all you need a copy of your passport. It must be a clear color copy not black and white one.

    Photograph

    You will be asked to provide a clear recent photograph with white background.

    UAE Entry Stamp

    You will need to provide a clear copy of your Latest UAE entry stamp or a copy of UAE residency visa.

    Note: – Authorities can ask you for additional documents for some particular cases. These documents are usually as: birth certificate, educational degree, bank letter etc.

    Whether you are willing to form a subsidiary of a foreign entity or a branch of a company, you need following documents to start the license application.

    Mother Company License

    A copy of Mother Company license attested by a Notary is needed at first step.

    Mother Company MOA

    You will need to show a copy of Mother Company MOA (Memorandum of association) attested by a Notary.

    Mother company board resolution

    Provide a copy of mother company board resolution attested by a Notary.

    Director’s Passport

    A clear copy of the passport of the company’s director would be needed to provide.

    Photograph

    A clear copy of the photograph of the company’s director with white background would be needed to provide.

    UAE Entry Stamp

    You will need to provide a clear color copy of director’s Latest UAE entry stamp or a copy of UAE residency visa.

    Note: – Authorities can ask you for additional documents for some particular cases. These documents are usually as: birth certificate, educational degree, bank letter etc.