FREEZONE COMPANY FORMATION
Overview of Freezone Company Formation
Since its inception in 1985, the Freezones has been offering new investors the objective of full ownership, low-tax-free, and free customs duty benefits. This ideal investment hub provides facilities for the successful launch of new businesses and the expansion of existing ones. The UAE offers more than 40 multi-disciplinary Freezones to investors and each zone is characterized by highly efficient infrastructure and other distinct services that accelerate smooth and timely workflows.
About Freezone License
To register your business in an FZE or FZCO, the Freezone license is a primary requirement. All businesses under their licenses are eligible for certain tax exemptions. Freezones are the biggest contributor to the GDP of this economy. They offer prominent business freedom and unlimited trade choices to investors.
Benefits of Business Set-up in Freezone
- 100% business ownership
- 0% personal income tax
- Availability of modern and sophisticated infrastructure
- Advanced transport system with low freight charges
- 100% exemption from import and export duties
- Low operational cost
- Freedom to recruit expats
- Freehold offices on lease or sale
- Free transfer of funds and no foreign exchange control
Some Major UAE Freezone
- Dubai Multi Commodities Centre (DMCC)
- Dubai Airport Freezone Authority (DAFZA)
- Jebel Ali Freezone Authority (JAFZA)
- International Freezone Authority (IFZA)
- Dubai International Financial Centre (DIFC)
- Sharjah Media City (SHAMS)
- Meydan Freezone (MFZ)
- Hamriya Freezone (HFZ)
- Sharjah Airport International Freezone (SAIF)
- Khalifa Industrial Zone Abu Dhabi (KIZAD)
- Abu Dhabi Global Market (ADGM)
- Abu Dhabi Airport Freezone (ADAFZ)
Freezone Legal Entities
There are many Freezones in the UAE and most of them are in the Emirate of Dubai. Foreign companies are allowed to build fully owned branches in any of these Freezones. Each Freezones has its own rules and requirements that do not fall within the Federal Law, and hence, the involvement of a local sponsor is not required.
Free Zone Establishment(FZE):
Single partner, which may be an individual or a legal entity
Free Zone Company (FZC):
Minimum of two partners or shareholders
Branch or foreign company office:
Associate of an already existing parent firm in UAE or overseas
How to Start a Freezone Company?
Trade name registration:
Once the client has decided on the legal entity of the company, they must register their trade name under the approval of the UAE Freezone Authority. As per the norms, the trade name should not be related to the name of a country, religion, or any government body.
Obtain a business license:
Acquiring a trade license is a top mandate to carry out various activities in the Emirate. The UAE Freezone Authority issues the business license after submitting the application, paying the license fee, and receiving the initial approval. Once the shareholder receives the license, they can open a corporate bank account in or outside the UAE.
How can INCORP help you?
Company Formation Specialists
Expert Advice and Consulting
Hassle-free Methods
No Extra Costs
Licensing Support
Our Services
MAINLAND COMPANY SETUP
Setting up your office in Dubai Mainland promises thriving investment opportunities. We are specifically offering you the most sought-after business environment, to actively reach the multicultural audience and expand to the local UAE market.
FREEZONE COMPANY SETUP
A modern economic boost to both aspiring entrepreneurs and established multinational corporations. With world-class amenities and commercial benefits, we are here to assist new clients set up their dream companies in their aspired Freezones.
OFF SHORE COMPANY SETUP
The best option for safeguarding your assets in a tax-exempted environment. With tremendous opportunities for international trade, the Offshores offer hassle-free government regulations and a robust business financing infrastructure.
OFF SHORE COMPANY SETUP
The best option for safeguarding your assets in a tax-exempted environment. With tremendous opportunities for international trade, the Offshores offer hassle-free government regulations and a robust business financing infrastructure.
BUSINESS SETUP ADVISORY
Indulge in the most effortless and non-complex procedure of closing your company with incorp. We manage all the legal formalities and make the process easier for you with our proficiency.
COMPANY LIQUIDATION
Indulge in the most effortless and non-complex procedure of closing your company with incorp. We manage all the legal formalities and make the process easier for you with our proficiency.
COMPANY LIQUIDATION
Indulge in the most effortless and non-complex procedure of closing your company with incorp. We manage all the legal formalities and make the process easier for you with our proficiency.
tax residency certifictae (trc)
Safeguard your tax status in the UAE with the aid of a TRC. Collaborate with Incorp to avail the numerous lucrative advantages of how a TRC can help to avoid being doubly taxed in different nations.
PRO SERVICES
A successful business can only operate efficiently with professional PRO services. We provide unconstrained and versatile services for the smooth initiation and transparency of your business plan.
MAINLAND COMPANY SETUP
Setting up your office in Dubai Mainland promises thriving investment opportunities. We are specifically offering you the most sought-after business environment, to actively reach the multicultural audience and expand to the local UAE market.
FREEZONE COMPANY SETUP
A modern economic boost to both aspiring entrepreneurs and established multinational corporations. With world-class amenities and commercial benefits, we are here to assist new clients set up their dream companies in their aspired Freezones.
OFF SHORE COMPANY SETUP
The best option for safeguarding your assets in a tax-exempted environment. With tremendous opportunities for international trade, the Offshores offer hassle-free government regulations and a robust business financing infrastructure.
BUSINESS SETUP ADVISORY
Indulge in the most effortless and non-complex procedure of closing your company with incorp. We manage all the legal formalities and make the process easier for you with our proficiency.
COMPANY LIQUIDATION
Indulge in the most effortless and non-complex procedure of closing your company with incorp. We manage all the legal formalities and make the process easier for you with our proficiency.
tax residency certifictae (trc)
Safeguard your tax status in the UAE with the aid of a TRC. Collaborate with Incorp to avail the numerous lucrative advantages of how a TRC can help to avoid being doubly taxed in different nations.
PRO SERVICES
A successful business can only operate efficiently with professional PRO services. We provide unconstrained and versatile services for the smooth initiation and transparency of your business plan.
Frequently Asked Questions
In the UAE, a Freezone is a special economic zone where a new company can enjoy the benefits of 100% ownership of the business (without the involvement of a local sponsor), 100% repatriation of capital and profits, and tax exemptions.
There are more than 50 Freezones operating in the UAE. Each zone is characterized by its infrastructure, and each zone is designed around one or more commercial categories.
Step 1: Choose a business activity
Step 2: Choose a legal entity (FZ LLC or FZE)
Step 3: Name your business
Step 4: Acquire a business license
Step 5: Setup an office space
Step 6: Obtain all the necessary approvals from the concerned authorities
All Freezone companies are only permitted to set up an office in their designated locations.
Yes, a Freezone company can easily carry out business with the mainland, on fulfilling certain conditions.
In the UAE, we can set up a company in different Freezones with a cost as low as AED 5,000. The cost always varies according to the choice of Freezone, business activities, visa requirements, and office spaces.
