CORPORATE SERVICESFreezone Company Formation UAE

A Freezone company set up in UAE can be established without any Emirati partner being required.

A UAE Freezone company set up can be established without any Emirati partner being required, unlike the limited liability companies established outside free zones in the mainland territory with the Department of Economic Development. In addition to all of the benefits of setting up a company in UAE Freezones, these companies are not required to have a service agent to act as liaison with the government authorities.

Freezone Company Formation in UAE is mainly industry focused for companies that fall within their type of business category. There are over 35 free zones in the UAE with different key features, advantages and disadvantages. Each UAE Free zone has its own governing authority and regulations.
Proper planning, Deep knowledge of local culture and legislation norms (federal and free zones ones) are essential at this main and initial stage.

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Preparing and implementing the Business plan, Business registration, Name reservation, licensing procedure and choosing the right UAE free zone requires a deep and sound knowledge of each free zone requirements and advantages to properly structure your plan, reach your goal and target your segment of customers.

Wincore Advisory Group’s structuring team will assist you to determine which UAE free zone and legal structuring will permit you to most efficiently and successfully develop your business concept and enter the targeted market while mitigating sharia law inheritance law and complying with economic substance requirements.

Key Features and Benefits of Starting a Freezone Company In The UAE

  • Depending on the free zone and the chosen activity there could be different share capital requirements
  • Business licenses are issued to companies, allowing them to conduct their activities, depending on the chosen business activity which will also determine the type of legal structures to be used. There are three main classifications: Commercial, Professional and Industrial.
  • Freezone Companies in UAE could be granted tax exemptions, tax residency certificates to the benefit of UAE Tax Conventions avoiding cross borders double taxation and benefiting of bilateral investment protection conventions
  • UAE Free zones are geographically segregated areas subject to their own laws and administrative regulations, under the supervision of an autonomous free zone authority.
  • UAE Freezone Companies could benefit of virtual offices avoiding to rent their own office unlike mainland companies.
  • 100% Foreign ownership
  • 100% tax exemption on personal income
  • 100 % tax exemption on corporate income, for more than renewable 15 to 50 years period
  • 100% free repatriation of capital and dividends
  • 100% tax exemption on capital gains
  • Large network of double tax conventions
  • No withholding taxes
  • No inheritance tax
  • No exit tax
  • No foreign exchange control
  • Exemptions for export and import tax duties
  • 100% transactions confidentiality
  • No public register of Directors and Shareholders
  • Corporate Shareholders allowed
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Selection of right free zone depends on various parameters such as

  • Availability of the proposed activity through the scope of the company’s licenses offered by each free zone.
  • Pricing – the costs of incorporation, renewal of a company/rental of its premises/access to virtual offices will vary from one UAE free zone to another.
  • Reputation of the free zone.
  • Location of the free zone inside or outside Dubai, next to airport / port facilities, factories, laboratories or warehouses areas. Proximity to the targeted client
  • Logistic facilities.
  • Level of support offered.
  • Level of credibility granted by the banks to each free zone when a bank account or financing is required

DMCC

Dubai Multi Commodities Centre (DMCC) is relatively easy and should be strongly considered by entrepreneurs & investors looking to expand in the Middle East. This highly reputed Dubai Free zone issues a different type of Licenses for trading activities, especially in the sectors of commodities, Gold, Diamond, Precious stones, steel, etc.

Types of License & Cost

Trading License import, export, distribution, consolidation, storage or warehousing of goods specified in the license.

General Trading License is required for those who wish to import, export, distribute and store no specific product lines.

Service License allows service providers production, re-production, transformation and distribution of services. Service license includes rendering services as the primary objective and utilizing associated goods to provide those services.

Industrial License this enables the licensee to import raw materials, then production, re-production, manufacture, package the specified products, and finally export.

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Key Benefits of DMCC Freezone

  • 100% Business ownership & sole shareholders are permissible.
  • 100% Capital Repatriation.
  • Ability to purchase premises.
  • No foreign exchange controls to entry.
  • Quick and reasonably priced licensing.
  • Easy Corporate Bank account setup.
  • Located on Sheikh Zayed Road, it’s strategic location and close to ports and major industry is something what every investor & entrepreneur desires
Type of License Fees in AED
Trading & Service License Starting from AED 20,265 
General Trading License Starting from AED 50,265 
Business Centre/ Serviced Office License Starting from AED 50,265 

UAQ

Umm Al Quwain Free Trade Zone is the place for any new business person planning to start a new business, shift company, start sister company or branch of a company located in other countries. Therefore if you are looking for any of these then this is the best location for you. Since thousands of expats assure that Umm Al Quwain Free Trade Zone is the cheapest and nearest trading zone in UAE, every year many new companies are formed. In addition to the cost and ease of transport, the benefits provided by the Umm Al Quwain Free Trade Zone is a bonus.

Types of License & Cost

Consultancy License business professionals providing expert and professional consultancy services across all industries.

Trading License import, export, distribution, consolidation, storage or warehousing of goods specified in the license.

General Trading License this enables the licensee to trade in a wider range of activities and gives the freedom and flexibility to trade in any commodity which is permitted within the UAE.

Premium Consultancy License this license is for service providers. It permits to carry out the services specified on the license within the Free Zone, such as Logistics, Courier Services, Travel Agency, Car Rental etc.

Freelance Permits this License allows an individual to operate as Freelance professional.

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Key Benefits of UAQ Freezone

  • Flexible and easy business environment.
  • Customer friendly and investor friendly place.
  • No restriction for hiring foreign employees.
  • Tremendous growth opportunities are available.
  • Leasing for office space and warehouses are cost efficient.
  • 0% corporate or personal tax.
  • 100% company ownership.
  • 100% restriction of capital and profit.
  • Visa Deposit not required.
  • Registration process is fast and easy.
  • High tech land, warehouses, and office space are available.
  • Concession via UAQ seaport.
License Type No. of  Visa Eligibility Fees in AED
Consultancy License 2 visa Eligibility Starting from AED  20,500 
Trading License 2 visa Eligibility Starting from AED  25,500 
General Trading License 3 visa Eligibility Starting from AED  27,500 
Premium Consultancy License 3 visa Eligibility Starting from AED  32,500
Freelance Permits 1 visa Eligibility Starting from AED  16,500

IFZA

International Freezone Authority Fujairah offers a wide and comprehensive range of business activities including Consultancy, Service, Trading and Industrial options. All licenses are registered with a structure of LLC which is an independent entity whereby the company structure separates the owners and shareholders from the company. With the LLC Company the owners are able to sponsor employees and open bank accounts.

Types of License & Cost

Consultancy License business professionals providing expert and professional consultancy services across all industries.

Service License allows service providers production, re-production, transformation and distribution of services. Service license includes rendering services as the primary objective and utilizing associated goods to provide those services.

Trading License import, export, distribution, consolidation, storage or warehousing of goods specified in the license.

General Trading License this enables the licensee to trade in a wider range of activities and gives the freedom and flexibility to trade in any commodity which is permitted within the UAE.

Industrial License this enables the licensee to import raw materials, then production, re-production, manufacture, package the specified products, and finally export.

Holding License it allows the holding standalone assets and/or shares in other companies. Holding companies are commonly for controlling other companies and entities, property & real estate, stocks, assets, trademarks and patents.

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Key Benefits of IFZA Freezone

  • Cost effective business incorporation solutions
  • Fast & easy incorporation and company management
  • Wide and comprehensive range of business activities including Consultancy, Service and Trading options.
  • 100% foreign ownership
  • Business owners are not required to be physically present during the incorporation process
  • Companies have limited liability
  • 100% exemption from corporate and income taxes
  • Zero foreign currency restrictions
  • Full repatriation of company profits and capital
  • Low set-up costs
  • No physical office requirements
  • No share capital requirement
  • Ability to incorporate holding companies
Visa Eligibility Consultancy & Service License Trading License
Zero Visa Starting from AED 11,500 Starting from AED 13,500
1 Visa License Starting from AED 15,700 Starting from AED 17,500
2 Visa License Starting from AED 17,900 Starting from AED 20,500
3 Visa License Starting from AED 19,700 Starting from AED 23,500

NOTE THAT ALL PACKAGES FOR COMPANY FORMATION:

All application fees charged by the FreeZone Authority are subject to change without prior notice. Please contact our office if you have any question or need further information. Wincore’s fees and any other disbursement fees are to be added in the above pricing.

Start a conversation

Mohammed Rahali

Wincore Advisory Group Managing Partner
M: +971 (0) 55 138 9591
Email

Maricar Caluracan

Wincore Advisory Group Senior Business Advisor
M : +971 (0) 58 105 1553
Email

Chinwe Azikiwe

Wincore Advisory Group Senior Business Advisor
M: +971 (0) 50 630 0821
Email

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