Free zones in the UAE now total more than 40s and home to around 20,000 companies. The most important advantage of company formation in free zone is that compared to onshore companies, a free zone company will not require a local UAE National partner. Free zones offer the most fertile ground for setting up businesses, equipped with state-of-the-art infrastructure, duty and tax exemptions, world-class business amenities, flexible government policies, and unmatched facilities.
100% tax exemption on personal or corporate income or gains
100% ownership for investors regardless of their nationality and domicile
100% repatriation of capital and profits
No capital required
Exclusion from all import and export duties
Exemption from corporate tax for 15 years, with an additional renewal option for 15 years
Free zones across Dubai & the UAE have made it easy to start your own business with many perks. Based on your requirements, you can choose from more than 50 free zones in the UAE. Being a foreign investor, having your business set up in Dubai Free zone could be the most lucrative option for you.
There's a lot you need to know for the successful implementation of your business idea. While these free zones offer you a dynamic environment and endless great opportunities, choosing one from the many free zones in UAE becomes quite a task. At Future Vision, we guide you towards the best choices based on your business type, requirements, and expectations.
Introduced to encourage foreign investments, free zones across the UAE have lifted various import-export duties, mainland taxes and employment restrictions. All these will change your view of conducting business in Dubai, UAE.
Conducting business in a foreign country could be daunting as you may not be aware of rules and regulations abiding by business operations. Free zones across the different Emirates make everything more effortless than ever.
To complete the process of company incorporation in Dubai free zones, we suggest you plan things well. A planned procedure would take around 1 to 4 weeks for completion. When shortened, there are three significant steps: getting your trade license, obtaining your UAE residence visa, and opening a corporate bank account. The steps are explained below:
Every free zone has a different set of rules for activities that you can have in one license. However, no commercial activities can be mixed with service activities into a standard license as per the general rule.
Each free zone has a list of activities that can be performed specifically in its area. Visa quotas and facilities offered also vary for different free zones. Choosing the best free zone in UAE would require you to seek help from us.
You can select from several corporate structures: a Subsidiary Company with corporate shareholders, a new company with individual shareholders, a joint venture with both individual and corporate shareholders, or a branch of a local or foreign company. Some activities are restricted only to branch companies; you should therefore check before proceeding any further.
You need to decide on a name for your company and prepare documents according to your chosen free zone. You would be required to submit three name proposals in order of preference along with required documents, including passport, visa, NOC, EID, professional CV, and proof of residential address to the free zone authority. If your Free zone company is a branch company, you must also submit a few additional documents.
You need to get approval for the chosen business activity, company name, and corporate structure.
Further, you will be required to meet the free zone representative or provide notarized documents and power of attorney. Passports of the shareholders will be verified, and you would have to sign the Board Resolution, AOA, and specimen signature form.
Before you move over to the final stage, you need to find a commercial property for your company within the free zone. Sign your tenancy contract and other documents and submit the same to the Free zone authority so the license can be issued based on those details. You may need some additional documents to complete the procedure.
Once you sign all documents, get approvals and make payments, your trade license and other corporate documents will be released.
To set up a business in a new place can be a daunting task. Although Dubai free zone company setup is considerably easy, it may be difficult for you to complete these procedures all by yourself. However, as long as you have us by your side, you don't need to worry. At Future Vision, we come up with the best solutions and services for you.
We understand the importance of this business setup and make sure that all necessary details are shared. Along with that, while you may be a foreign investor in Dubai, we try our best to keep you from juggling amid any confusions.
Our services are based on a transparent process and straightforward suggestions to help you with each step of the incorporation process. Based on your trade license activity, we let you select the best free zone and company name. We guide you through all the paperwork required to help you get your trade license.
From beginning to end, we help you complete all the procedures involved in incorporation. While doing it alone may seem complicated and time-consuming, you don't have to do it yourself. With our detailed services, we simplify and manage everything on your behalf.
Every business is different and needs different solutions. We give enough time to understand your requirements and expectations before starting the actual work. You can ask us questions and get a clear idea of how things work.
The UAE has set new global corporate standards with world-class business facilities. While entrepreneurs from all over the world endeavor to have a company in the UAE, the various free zones situated across the seven emirates offer great opportunities. Since the choice of free zones determines the business setup cost, you must take some time to know them.
Dubai is the leading of all emirates when it comes to free zone areas. It is one of the most prestigious places around the world to start a business. With a global business community and integrated business solutions, Dubai remains the highlight of the Middle East. More than 30 Free Zones offer an excellent location, well-integrated facilities, comprehensive services, tax exemptions, and numerous investment incentives. Some of the best free zones in Dubai are:
Abu Dhabi is the largest trading ports that link the East and the West. Free zones here have a significant role to play in the economic diversification across the UAE. Business activities generally include light companies, logistics, medium, and heavy industries. While Abu Dhabi remains a Centre of attraction for the world, foreign investors are often interested in setting up their business. List of some of the best free zones are:
Sharjah is the third largest emirate of UAE and its industrial backbone. 40% of all industries in the UAE are based in Sharjah. Earlier known to be the country's shipping sector, Sharjah now has an expansive business activity profile. Some common industries here include leather, textile, petrochemicals, raw non-metal and food. Along with traditional and cultural projects, you can also find commercial and administrative centres here. Here's a list of free zones in Sharjah:
Ajman is the smallest and most developed free zones in UAE, established in 1988. Ajman Free Zone is the Arabian Gulf's doorway with four seaports and two international airports to connect with places worldwide. Being a cost-effective and strategic location, Ajman has attracted numerous foreign investments, leading to a significant manufacturing sector expansion. There are two free zones authorities in Ajman:
Ras Al Khaimah is highly significant to the business sector in the UAE. It is the fourth-largest emirate offering great opportunities to local and foreign investors. The free zones here keep up their international standards and world-class facilities to support various businesses with all necessary commercial advantages. It is home to some major cement companies and the biggest pharmaceutical companies in the MENA region. The best free zones in Ras Al Khaimah are:
Fujairah, among the seven emirates, has its coastline only on the Gulf of Oman. It offers a business-friendly environment and comfortable logistic support, making it an anchor for trading ships from the Persian Gulf. Its location is perfect for ship services. There are two free zone authorities here:
Umm Al Quwain free trade zone was established in the year 1987. However, it became popular only after 2014. It is having primary seaports near Dubai International Airport and Sharjah International Airport. Despite being the smallest of all emirates, it's progressive, prestigious and business-friendly. It is one of the best free zones in the UAE to conduct business with the utmost ease. UAQFTZ offers cheap business licenses in UAE and numerous growth opportunities.
While free zones across the Emirates have made business setup considerably easy, the process's cost and beyond remains a concern. You are likely to want to establish the cheapest free zone company in UAE, but that would need extensive research. Various factors determine the cost-effectiveness of free zones across the country. The type of business license you require is a significant direct expense here. International Free Zone Authority in Dubai, Ras Al Khaimah Economic Free zone (RAKEZ), Umm Al Quwain Free Trade Zone and Ajman Media City Free Zone are among the most cost-effective free zones, offering the cheapest free zone license in UAE. As per your requirement, we guide you towards the most viable solutions.