UAE FREE ZONE COMPANY SETUP

Company Formation In Free Zones Across United Arab Emirates

Dubai Freezone business setup

In the past two decades, Dubai has grown to become more renowned for its tourism and real estate sectors, but this wasn’t true two decades ago. The city’s diverse business model drives the economy and has made Dubai a global city and a significant business hub in the region. Free zones have been set up in the emirates in order to attract foreign investment and boost the economy by offering lucrative incentives to foreign entrepreneurs.
The Free Zone Authority handles registration formalities in Dubai and issues business licenses to non-resident companies or foreign-owned businesses for company formation in free zones. A Dubai free zone business setup offers endless opportunities for networking, collaboration, and substantial growth in the business. Dubai is the nation most preferred by investors for company formation due to its tax regime and numerous incentives offered by the free zone authorities.

Benefits of Setting up a Business in Dubai Free Zone

  • 100% ownership to investors, regardless of nationality
  • 100% tax exemption on personal or corporate income or gains
  • 100% repatriation of capital and profits
  • Exclusion from all import and export duties
  • Handy office and warehouse facilities
  • Option for a company set up by an individual
  • Exemption on corporate tax for 15 years, renewable for another 15 years
  • Complete secrecy of operations
  • Flexibility to engage in international business
  • Fewer renewal charges
  • Flexibility to hold properties, participate in multiple activities, and open a bank account in Dubai
  • The option of liquidating anytime
  • Assistance in housing facilities, staff visas, and other support services

For a business license:

  1. Colour copy of shareholder(s)’ passport and visa, if applicable
  2. Application form
  3. Business plan
  4. Board resolution
  5. Memorandum and Articles of Association (MAA)

For opening a bank account:

  1. A corporate account opening form
  2. A board of directors’ resolution sanctioning the opening of the account, and the signatories to the account
  3. A copy of your company’s certificate of incorporation
  4. A copy of your share certificate
  5. A copy of the company’s Memorandum and Articles of Association
  6. Copies of passports for all partners in the company

Notes:

In the past two decades, Dubai has grown to become more renowned for its tourism and real estate sectors, but this wasn’t true two decades ago. The city’s diverse business model drives the economy and has made Dubai a global city and a significant business hub in the region. Free zones have been set up in the emirates in order to attract foreign investment and boost the economy by offering lucrative incentives to foreign entrepreneurs.

Scroll to Top