If you are thinking about setting up a business in UAE Free Zones, here are 9 reasons why it is the perfect place for your business.
Free zones in the UAE offer 100% foreign ownership, meaning entrepreneurs can have full control over their business without requiring a local partner or sponsor.
Free zones provide a streamlined process for business setup, including a one-stop shop for all necessary permits and licenses, allowing businesses to start operations quickly.
Free zones offer state-of-the-art infrastructure and facilities, including office spaces, warehouses, and logistics services.
Companies operating in free zones can repatriate all their profits and capital without restrictions.
Free zones offer tax exemptions on corporate and personal income taxes and zero customs duties on imports and exports.
Follow these steps to establish a business and register your company in the UAE free zone:
Select a free zone that aligns with your business needs and offers the desired benefits.
Choose the business activity that aligns with your niche, ensuring it is permitted in your selected free zone.
Decide on the company type, such as a Limited Liability Company (LLC) or a Free Zone Establishment (FZE).
Register your unique trade name with the relevant authorities.
Apply for a license from the relevant regulatory authority, such as the Department of Economic Development (DED) or the relevant free zone authority.
Prepare and submit the necessary documents, such as a Memorandum of Association, Articles of Association, and other required documents.
Lease office space, virtual office or coworking space, depending on your business needs and budget.
Open a Free Zone bank account to conduct business transactions.
If required, apply for a free zone visa for you and your employees.
Obtain any additional approvals required for specific business activities, such as approvals from the Ministry of Health or the Central Bank.
There are more than 45+ Free Zones in the UAE. You can select any free zone from the following list depending on your preferred location.
A free zone in Dubai refers to a designated geographical area that allows foreign investors to set up their businesses with 100% ownership and enjoy tax exemptions and other benefits.
There are more than 45 free zones in the UAE.
There are currently 25+ free zones in Dubai.
The documents required for the formation of a free zone company in Dubai, UAE, vary depending on the free zone, but typically include passport copies, business plans, and application forms.
