Best Free Zone Company Formation Services in Dubai for investors and entrepreneurs
Free zone company formation Dubai
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Free Zone Company
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Dubai Freezones are specially designated areas where foreigners operate their businesses while retaining full ownership of their businesses. It is one of the most lucrative business strategies for expatriates no matter what nationality. Currently, there are more than 45 Free Zones in the UAE including Dubai and these zones have registered more than 8000 companies so far.
The Freezones of UAE has come to be known as the best trading hubs in the world. This came to realization due to the support offered by the UAE government for Free Zone Company Formation. Now, the process is affordable without any unnecessary badgering from the authorities. It is evident from the cost of registration free Free Zone Company Formation at AED 11,900.
Before moving on to the process of Free zone company formation, it is better to have a clear understanding of the phenomenon of Free Zone. For this, an investor needs to understand some key terminology discussed below:
Free Zone
What is a Free Zone License in UAE and Dubai?
A Free Zone license is a legal document that a company gets once it is approved to conduct its business in designated free zone areas. The type of license however depends on the type of business activity. Every free zone has its own license-issuing authority.
Trading license does not restrict an investor to choose only one activity for their business. They may choose many. But. then again this depends on the type of business and the free zone-specific policies. For example. SHAMS free zone allows investors to choose up to 3 business activities without paying any cost.
Free Zone Company
What is a Dubai Free Zone Company?
It is a legal entity with a trading license from a free zone authority to conduct business in the particular zone. There are two main types of companies that can be registered in free zone. but the most common one is Free Zone Establishment (FZE). FZE has only one shareholder.
However, if the number of shareholders exceed one, then a Free Zone Company ( FZC) should be registered.
Importance of Free Zone Company Formation in Dubai
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Benefits
Benefits of Free Zone Company Formation
- Politically the most stable conditions in the world.
- The most secure life condition
- Best law and order situation.
- Tax haeven for businesses.
- 100% Foreign ownership.
- No corporate or Income tax.
- Eligibility to trade globally.
- 2-years investors Visa.
- Eligibility to hire employees (subject to Visa quota).
- No personal income tax.
- Only 9% corporate tax if eligible.
- 5% tax exemption on VAT in certain zones.
Business packages
Low-Cost Business license packages
- Marketing, legal and professionals can obtain license for AED 11, 743 (not including the visa adn other cost).
- A 3-year license for services professional costs AED 32, 712.
Company Formation
Our Free Zone Company Formation Strategy
- Free Zone Company Formation in Dubai.
- Acquiring a trading license.
- Getting you registered with the chamber of commerce.
- Company Bank account.
- Getting the director Visa and family Visa.
- Hiring the administrative staff, bookkeeping and accounting services.
process to register
9-step process to register a company in Dubai Free zones
- Identify the type of legal entity to be registered.
- Obtain Commercial license for trading companies
- Obtain service licenses for services companies.
- Select a trading name
- Know the facilities your particular license offers.
- Apply for an initial license approval
- Sign legal documents for company incorporation.
- Select an office space for the company.
- Acquire pre-approvals, then register your business and acquire the license.
Determine Freezone
Determine the correct type of legal entity for Freezone company formation
- Free Zone Limited Liability Company (FZ. LLC) or otherwise known as Free Zone Company (FZ Co.).
- Free Zone Establishment (FZE).
Requirements
Requirements for Free Zone Company Formation
Capital Requirements
- Following are the capital requirements in 4 of the Freezones:
- In Kizad: to form an LLC, the minimum capital requirement for paid-up capital is AED, 150,000.
- In Dubai Airport Free Zone: you are required to pay share capital in dominations of AED 1000 adding up to a total of AED 1000.
- In DMCC (Dubai Multi Commodities Centre): the minimum capital requirement for a free zone company is AED 50,000 and AED 10,000 for the company and shareholder respectively. But in order to get a General Trading License, a minimum of AED 1 million of share capital is required.
Documents Requirement
- Following are the documents required for Free Zone company formation.
- Passport copy and Visa entry Stamp.
- CV
- Proofs of address
- Application form for the company.
- Bank letter
Q & A
FAQs About Free Zone Company Formation in Dubai
Do I need an office to register a free zone company in Dubai?
Where can I open a Free Zone company bank account?
How many visas will I be allocated?
How much does it cost to open a free zone company in Dubai?
What are the main free zones in Dubai?
The Main Free zones in Dubai include Dubai’s south free zone, Jebel Ali free zone (JAFZA), Dubai Health care city, and Dubai silicon oasis.
