Company Formation in Dubai Free Zones

UAE economy is clearly divided between the ‘onshore’ sector, dominated by local business interests, with restrictions on foreign ownership, and the ‘offshore’ sector which consists of a number of Free zones.

There are no taxes to speak of, on or offshore, but 100% foreign ownership and customs privileges make the free zones the most favorable locations in the Middle East for international operations. We offer our professional services and expertise in the formation of companies in all free zones of Dubai including following:

  • Dubai Airport Free Zone
  • Jebel Ali Free Zone
  • Dubai Internet City
  • Dubai Media City
  • Dubai Auto Zone
  • Dubai Biotechnology & Research Park
  • Dubai Flower Centre
  • Dubai Gold and Diamond Park
  • Dubai Healthcare City
  • Dubai International Financial Centre
  • Dubai Knowledge Village
  • Dubai International Academic City
  • Dubai Logistics City
  • Dubai Maritime City
  • Dubai Multi Commodity Centre
  • Dubai Outsource Zone
  • Dubai Silicon Oasis
  • Dubai Studio City
  • ZonesCorp
  • International Media Production Zone
  • Intl. Humanitarian City
  • Technopark
Free Zones offer the following incentives
to investors:
  • 100% foreign ownership
  • No corporate taxation for 50 years; renewable for an additional 50 years
  • Freedom to repatriate capital and income
  • No personal income tax
  • Full exemption from import duties
  • No currency restrictions
  • No bureaucratic red-tapism
  • No recruitment problems
  • Modern efficient communication
  • State of the art infrastructure
  • Abundant Energy

 

Key Benefits Investors Enjoy by Setting
up a Business in Dubai Freezone:
  • 100% Foreign Ownership
  • 100% Repatriation of Capital and Profits
  • 0% Corporate, Personal Tax
  • Exemption from all Import and Export Duties
  • Free Zone Company Formation is Quicker than Incorporation outside of the Free Zones
  • Inexpensive Workforce and Easy Recruitment Procedures
  • Typically, no restrictions on recruiting labour
  • ‘One-stop-shop’ for Administration Services
  • On-site Customs Inspection
Free Zone Limitations
A Free Zone Company is not allowed to trade directly with the UAE market. The Free Zone Company can undertake the local business only through locally appointed distributors. Custom Duty of 5% is applicable for the local business. Even though all free zones provide many attractive schemes for the benefit of the investors, not all are the same when we consider the facilities offered by them. Therefore it will be worth while to have a glance over the facilities offered by each, one by one. The details mentioned below are for the guidance of the investors, and the facilities may be subject to change from time to time when such decisions are being taken by the Free Zone Authorities. It is important that new investors get in touch EMN Chartered’s consultants for latest details before they plan a business setup in UAE Free Zone.
UAE is the only country in the Middle East where a big number of Free Trade Zones and Free Industrial Zones are available for investors who wish to gain more from their investment. The first Free Zone formed was Jebel Ali, Dubai, in 1985 which witnessed a tremendous growth in the years to come by way of increased number of investors. Many have established their offices, factories or warehouses and invested millions which in turn had given them huge returns from the UAE Free Zones. That is precisely the reason why even more foreign investors are being attracted nowadays to the UAE Free Zones. Currently, over 12.000 companies, many of which being major brands, operate under the UAE Free Zones Authority.
Documents Required for Registering a Business in the UAE Free Zones

There are some similar formalities to be completed with regards to the documents which are submitted to each free zone depending upon the type of business an investor chooses. In general, the following are the main options:

 

  • Free Zone Establishment (FZE) (One individual share holder).
  • Free Zone Company (FZCO) (More than one member).
  • Branch Office

All of the above types may not be available to every free zone, therefore an investor should seek the advice of a consultant to finally arrive at whether his choice is possible in the concerned free zone and also to know about the details of documents needed. However for the advantage of the investors, descriptions of documents commonly needed are being listed below:

FREE ZONE ESTABLISHMENT (FZE)

Application form duly filled
Business profile of the owner
Passport copy of the owner
Original bankers reference

FREE ZONE COMPANY (FZC)

Business profile of individuals
Passport copy of owners
Original bankers reference
Board Resolution
Manager’s valid passport copy
Specimen signature of the manager
Original FZCO application

BRANCH

Certificate of Registration
Memorandum and Articles of Association
Board Resolution
Manager’s passport copy and his attested signature
Parent company‘s profile

Note: Application for license, Passport copy & Bank reference of each individual, Project summary and Application for registration are common for any business set-up.

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