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  Aurion acts as single window professional service provider for investors worldwide, to incorporate their new / branch / subsidiary companies in ....   We offer Public Relation services (PRO),with respect to various UAE freezones / immigration / ministries / government departments there by saving time and money...   Aurion is working in tandem with corporate SME division of several Banks in UAE to provide a wide range of assistance to Freezone companies....   We offer world class ISO certification consulting services in United Arab Emirates (UAE) which guarentees ISO certifications from various recognised certificate bodies..  
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UAE Freezones

 

FAQs - UAE Freezone Company Formation

 
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Why AURION?

AURION has young professional experts with indepth and up-to-date knowledge to guide investors on all matters starting from finding the right location to set up business, legal structure of company, registration with Freezone or Mainland, registration with Chamber of Commerce, obtaining Visas under new company etc. We have tie-ups with leading Banks in UAE to facilitate the investors a hassle-free opening & operation of Company Bank Account. 

Whats the difference in setting up business in Freezone compared to Mainland?

In a Free zone, foreigners can hold up to 100% share in company and in Mainland, local partner should hold 51% shares and foreign partner 49%. A Freezone Company cannot open office outside Freezone. Inorder to do business outside Freezones, company has to be registered with Economic Department of respective Emirates. Company Bank account can be opened & operated solely by expatriate in a Free zone company.

What is the difference between a Freezone company and Offshore Company?


Freezone Company Offshore Company
Freezone companies are resident Onshore companies located within specifically demarcated Freezone Jurisdiction. Offshore companies are non-resident International Business Companies (IBC).
Freezone companies can take Chamber of Commerce registration or Import Export code and they can trade within UAE. Offshore companies cannot take Chamber of Commerce registration or Import Export code from UAE.
Anonymity of Freezone companies are not fully guaranteed. Normally Freezones don’t disclose any information. Offshore company information is not on Public record and there is high degree of anonymity about its constitution and details.
Freezone company enjoys full fledged resident status and hence they can avail facilities like office, warehouse etc and obtain Visas under it. There is no visa, offices, warehouse etc for offshore companies.
Freezone companies can open and operate multi-currency bank account with online banking facility. Offshore companies can open and operate multi-currency bank account with online banking facility, but cheque books are not issued to this account.
A Freezone company is issued with Trade License, Incorporation Certificate, Memorandum of Association & Share Certificates. Offshore company gets Incorporation Certificate, Memorandum of association and Share certificates.

Which Free zone is more economical to setup a company?

Reply to above depend upon several factors including the following:-

  • Nature and size of the operations.
  • Activity & Facility required (E-Office/ Furnished Office/Warehouse/Land)
  • Visa required(depending upon the rent and size of the office)
  • Location and space required

Can a Freezone company do trading with Mainland?

Freezone company can do trading with mainland companies by exporting goods from freezone to mainland & vice versa. They have to comply with the Customs procedures and pay relevant levies applicable.

What are the things to be taken care of along with the company formation?

  • Along with incorporation of company, Company Bank Account has to be opened.
  • PO Box has to be obtained.
  • Telephone & Fax connection has to be applied.
  • Visas can be obtained if required

What will be the time span for completion of process & obtaining Trade License and other Legal documents of Company?

Time for obtaining Trade License depends on various factors. Normally for Dubai & AbuDhabi Freezones, the time to obtain Trade License varies from 7 days to 15 days. For Northern Emirates Freezones, it takes only 2 days to get the Trade License.


Can a foreigner entrust the whole formation of company and relevant matters including the obtaining of Visas, to a consultant?

Yes, here comes the relevance of Aurion.We are experts in giving a single window solution to all the above. Moreover we are accepting annual retainership whereby all the matters of Company including the renewal of license will be taken care of at a fixed annual cost and upon Retainership Agreement.

Should the Owners visit UAE to set up Company?

To set up a freezone company, owners should visit UAE for one day (working days- Sunday to Thursday). The same day we will get the documents signed for Immigration Card, Residency Visa and Bank account opening.

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