Free Zone Company Registration in UAE
UAE is renowned for it successful Freezones. Freezones are well-defined areas within UAE that are governed by Free Zone Authorities with power to issue Business Licenses. As the name envisages, an entrepreneur is free to grow without any hindrance from Authorities while doing business. At Freezone, an entrepreneur can precisely estimate the cost of running his company.
Each Free zone is a hub of huge number of multi-national companies from all countries in the world. This multi-national and multi-cultural business environment in Freezones make it look like the typical cross section of the world.
UAE Free Zones are the designated areas in UAE, where the expatriates can fully own and operate their business. Free Zone Company Registration in UAE is a prospective business investment for expatriates from all over the world.
The Free Zones of UAE has become the major trading hub of the region due to the business support initiatives offered by the UAE Government and the Free Zone Authorities. Anyone can setup a Free Zone Company in UAE in a hassle-free way with affordable company registration fee. The minimum cost of opening a free zone company in Dubai is AED 11,900.
Foreign investors choose UAE for establishing a company due to the stable political conditions, secured life, efficient law and order, tax haven status, and many more business benefits. There are more than 45 Free Zones in the UAE and each of the major Free zones hosts more than 8000+ companies. The features such as business freedom and no tax jurisdiction make UAE free zones unique and prime spot to set up companies.
AURION is a team of professional experts who can handle the complete assignment of Free Zone Company Registration in UAE. We act as a single-window solution for the investors to reduces the hassles of free zone company formation in UAE and get everything done the fastest possible way.
Our team is proficient in the successful execution of the following company setup related services.
- Setting up a UAE Freezone Company
- Obtaining a Trade License,
- Chamber of Commerce registration,
- Opening of Bank Account,
- Getting Director Visa under company and family visa,
- Arranging office staff, accounting services, and all requirements associated with the company.
AURION also acts as a Retainer Consultant for companies at a fixed fee agreeable between parties.
List of top freezones in UAE
What is a Free Zone License in UAE?
A Free Zone License in UAE is a legal company document that allows the investor to conduct trade or any other business activity in the designated area. Depending on the specific business activity, the entrepreneur can apply for the specific Free Zone License.
The Free Zone License is issued by the respective Free Zone Authority to the investor after registering the company. It is important to choose the right business activity for the company formation. There are many business benefits to registering a company with the Free Trade Zones in UAE.
The Trade License will be having the list of business activities selected by the investor. The company is legally entitled to carry out only those business activities listed under its Free Zone License in UAE. Investors can choose up to 10 business activities under a single trade license. However, depending on the specific Free Trade Zone, the activity selection and number of activities vary.
For example, in SHAMS Free Zone, the investor gets to choose up to three business activities free of cost. Investors can add additional activities to the trade license by paying a fee to the specific Free Zone. AURION will guide the investors on the right way to obtain the Free Zone License in UAE in the most hassle-free way.
What is a Free Zone Company in UAE?
A Free Zone Company is a legal entity that is registered in any of the 45 plus Free Trade Zones of the UAE. The Free Zone Establishment (FZE) is the most common company structure in the Free Trade Zone.
In an FZE company, there will be only one shareholder. On the other hand, if there are more than one shareholders it will be registered as a Free Zone Company (FZC). Using the Free Zone Company in UAE the investors can facilitate trade and other business operations without any hassle.
A Free Zone Company in UAE has many business benefits and the investor can choose from various office spaces that suit their specific business requirement. The Free Zones in UAE offer a host of competitive company formation packages for investors to easily set up a company in the region.
How to select a Free Zone for your Business License?
Free Zones are specially demarcated areas within the UAE to promote Free Trade. There are more than 45 Free Zones in UAE that are offering different business license packages for global investors. Each Freezone is regulated by an authority under separate rules and regulations. Investors often get confused to find the right authority for establishing their company and obtaining a business license.
Being one of the safest countries to live and work, there is a huge surge in the registration of companies and obtaining residence Visas in the UAE. Precisely due to this, the Freezone authorities are engaged in fierce competition to attract investors. To lure businessmen, several Freezones have started issuing licenses at nominal fees. Such cheap licenses may be suitable for small startups which are launched to test the market.
As everyone knows cheap trade licenses have its limitation. Ultimately it is the decision of the investor whether to establish their companies in the highly reputed Free Zones or not. Establishing a company is only the beginning of the entrepreneur’s journey. There are a lot of legal compliances to be taken care. Hence it is wise to seek the advice of a seasoned business consultant with good experience in the UAE.
Free Zones & Tax Benefits
Free Zone companies are onshore companies that fulfill all the eligibility to trade or liaise worldwide and also within the UAE, subject to customs laws applicable to the transit of goods. Under a Free Zone Company Registration, an investor is issued a 2-year Investor Residence Visa and is allowed to hire employees under the company depending on the visa quota (can be added as per requirement).
Each of the Free Trade Zones in the UAE is governed by its respective Free Zone Authority. Though these Licensing Authorities are generally within the ambit of UAE Law and regulations, they are independent and have separate regulations. They issue the Trade License, provide the right business infrastructure, approve employee visa applications, provide guidelines for fair functioning of business, and more.
Also, Free Trade Zones in UAE are beneficial for foreign investors in terms of Tax Savings. There is no Personal Income Tax in UAE and only a 9% Corporate Tax will be levied starting from June 2023 for companies meeting certain criteria. There are a few designated Free Zones in UAE where the 5% VAT (Value-Added-Tax) is exempted for certain transactions. Thus, overall UAE Free Zones are a perfect Tax Haven for foreign investors with minimal tax amounts when compared to their home country.
Free zones in UAE offer the investors and business owners a multi-level incentive to set up their businesses in the country. Free Zones in UAE provide various company licenses to the investors based on their desired business activity. Finding a suitable free zone for the business activity based on the budget and the time frame is a challenge for every investor. That's is where AURION will assist in choosing the right Free Zone for your business.
Low-Cost Business License Packages – Free Zones in UAE
Free Zones in UAE offer investors a host of Low-Cost Business License Packages to easily set up a company in UAE. There are several Free Zones in the UAE offering a Low-Cost Business License Package. The business setup cost of AED 8,050 for a service license from Sharjah Media City is an attractive offer for entrepreneurs and start-ups to set up an office in UAE in the most cost-effective way.
For Consultants, Marketing Professionals, Legal Professionals, Software Professionals, etc., Free Zone License Cost is AED 11,743 (Visa Cost & Other fees not included). Also, for a 3-Year Business License for service professionals, the Free Zone license cost is AED 32,712. There are many such competitive offers from the 45 plus Free Zones of UAE. Business Setup Cost of Free Zone depends on various factors such as the business license type, nature of the business activity, pre-approvals, office space, specific location, budget, and more.
Free Zone Company License in Dubai
Free Zone Company License in Dubai is a popular business license category among foreign investors. The cost-effective Company License offered by the Free Trade Zones in Dubai powers the new company formation in Dubai. The Free Zones in Dubai provides the investors with a wide variety of business activities and robust business infrastructure for the company to easily achieve business growth.
The company formation process and obtaining a Free Zone Company License in Dubai is straightforward. It follows an easy company formation process to register a maximum number of companies and helps investors to easily realize their goals of settling, working, and living in UAE. Dubai Free Zone Company License cost starts from AED 11,900 for a Zero Visa Quota. Also, investors can opt for an upgrade in case of more visas, office, and other business requirements.
Key Highlights – Free Zone Company Formation in UAE
The Free Zone Company in the UAE remains the most sought after company structure among foreign investors due to several investor benefits such as:
- 100% Foreign Ownership
- Tax-free Income – No Corporate or Income Tax
- 100% profit repatriation and capital transfer
- Easy and quick Business Setup with minimum documentation requirements
- 3-Year Residence Visa and Multi-Year License
- Few Free Zones in UAE are VAT exempted Free Zones – No VAT Applicable for business transactions within the Free Zone
- Access to world-class infrastructure facilities (Fully- Furnished Office Spaces, 24/7 access, security, and more)
- Most of the Free Zones in UAE are gated and have an in-house Customs Checkpoint allowing easy transit of goods
- No Customs Duty on imports to the Free Zones. Perfect choice for Trading Companies operating locally as well as in international markets
- World-Class Warehousing facilities for storage, packaging & light manufacturing
- Proximity to one of the busiest Airports and Seaports of the world
- Global Connectivity – Direct Connection via Airport, Seaports to more than 180 Countries of the world
- Easily scale-up business by leveraging the enormous business opportunities through networking, meeting, events at the Free Zones
The Free Zone company can be registered with or without an office. The company must be registered with the Chamber of Commerce and it should obtain Import Export code to facilitate imports and exports. After one year of incorporation of the company, a Tax Residency Certificate can be obtained from UAE. Investors can take advantage of the Double Taxation Avoidance Agreement (DTAA) and save taxes in their home country.
Also, Free zone company bank account can be opened in any of the banks in UAE with an active online banking facility, debit card, credit card, checkbook, and other trade facilities.
In short, UAE free zone company formation is the most feasible method to promote business in the Middle East and North African region.
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