Freezone

A free zone company in the UAE is basically a business set up in special areas designated by the government to attract foreign investors. These areas come with certain perks and exemptions to make it easier for international businesses. Here are some key things about these companies:

1. 1. Ownership and Profits: investors can own their companies entirely (100% ownership) and take home all the profits they make.
   2. Tax Breaks: In some cases, companies don’t have to pay certain taxes and duties, which can save them a lot of money, please refer to the fedral tax authority under qualified Freezone Tax Qualification .
   3. Import/Export Ease: Free zones simplify the process of bringing goods in and out of the country, making international trade smoother.
   4. Good Facilities: Free zones offer top-notch facilities like offices and warehouses to support different types of zbusinesses.
   5. No Local Partner Needed: You don’t need a local partner to set up a business in a free zone. This gives you more control.
   6. Easy Setup: Starting a business in a free zone is quick and straightforward, with less paperwork compared to other places.
   7. Specialized Zones: Some free zones focus on specific industries like technology, media or healthcare, attracting businesses with similar interests.
   8. Line of business: can be trading and services or manufacture
   9. Capital Shares: No paid-up share capital requirement 
   10. Bank Account: Ability to open bank account . 

1. Remember, while free zones have great benefits, they also have rules you need to follow. These rules can vary, so it’s important to check the specific regulations of the free zone you’re interested in.

Cons/Drawbacks:

• The Trading company is allowed to bring in and send out goods, but it can’t directly sell or purchase goods within cities in the UAE
• If you need a physical office, it has to be situated within a particular free zone and not outside of it.

Company Setup Package;

  ⇒ Business License

  ⇒ Certificate of Formation/Incorporation

  ⇒ Memorandum Of Association 

  ⇒ Virtual Office Lease Contract

  ⇒ Corporate Tax Registration

  ⇒ Free Consultations and PRO Services as long as the company in active status

 

Price: AED 15000 ( US $ 4087.00 )