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Freezone Company Formation | Company Set Up In Dubai

September 8, 2021by Maricar Caluracan

Freezone Company Formation – Company Set Up In Dubai

The UAE is becoming increasingly popular for Freezone Company Formation among businessmen around the world every year. Free trade areas in the United Arab Emirates are areas with a 0% tax, customs, and import regime governed by their own regulatory framework. The UAE has several free zones throughout Dubai, including Abu Dhabi, Sharjah, Fujairah, Ajman, Ras al – Khaimah, and Umm al – Quwain. Free zones can be widely classified as free zones for seaports, free zones for airports, and free zones for continents.

Benefits of Freezone Company Formation in UAE

• 100% Foreign ownership of the company
• 100% Exemption from import and export tax
• 100% Capital and Profit Repatriation
• Exemptions from corporate tax for up to 50 years
• No taxes on personal income
• Employment assistance and additional support services, such as sponsorship and housing.

Dubai is quite liberal in terms of its trade rules and regulations and, unlike anywhere else in the world, trade options are also varying in abundance, and so a Company Setup in Dubai would be beneficial. All the free zones subsequently formed work along with the same rules of setting up a free zone in UAE. In addition, one of the notable aspects of these free zones is that they focus in particular on specific companies based on the industry.

Creating a business entity in one of the free zones of the UAE is an attractive option for foreign investors as free zones facilitate business activities and attract businesses that are quickly and easily forming a free zone business setup in the UAE.

Key steps to Freezone Company Formation in UAE

It is relatively easier to set up a business in a free zone. Authorities for the free zone require minimum paperwork and duration.

  • Determine the legal entity type

The type of license you require will be determined by your type of business.

  • Choose a name for your business

Ideally, the name of the company should indicate the nature of the business unless it is another company’s branch.

  • Request a business license
  • Select an office space
  • Get pre-approvals, register and obtain your license

Types of Freezones in UAE

  • Freezone Company Formation UAE
  • ADGM Freezone
  • Ajman Freezone
  • DIFC Freezone
  • Dubai Multi Commodities Freezone (DMCC)
  • Jebel Ali Freezone (JAFZA)
  • RAK Freezone (RAKEZ)
  • Sharjah Freezone (SHAMS)
  • Umm Al Quwain Freezone (UAQFZ)
  • Hamriyah Free Zone
  • Sharjah Airport International Free Zone
  • Dubai World Central Free Zone

Interested in setting up your free zone company in Dubai or in the UAE? Contact our team of corporate consultants, we are always ready to assist you.

Contact us for more details: +971 4 221 2602

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Maricar Caluracan

Senior Business Advisor

*Wincore Advisory Group DMCC is not providing any Legal and Financial Services.

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