Freezones Company Formation in UAE

DUBAI FREE ZONE | AJMAN FREE ZONE | SHARJAH FREE ZONE | ABU DHABI FREE ZONE | FUJAIRAH FREE ZONE | RAS AL KHAIMAH | UMM AL QUWAIN

Freezones Company Formation in UAEFreezones Company Formation in UAE is not an easy job to pull for a country of many international companies don’t entry certain country because of hard rules and regulation they pose on foreign firms. A number of companies shy away from directing investing in UAE the reason is that they can’t directly invest they need to partner with a UAE national that will hold 51% shares of the company. Business Setup in Freezones Company Formation in UAE has become quite popular among foreign investors because it gives them 100% ownership. Free Zone provides various types of facilities in this particular region company enjoys special tax free status and trading barriers are low compared to other industries where companies can import, export, manufactured, and handled, or reconfigured products without paying customs duty. These zones are situated in strategic geographical locations like national borders, international airports, and major seaports, to maximize trading advantages.

To encourage these initiatives the UAE government has structured several free zones across Emirates each of the,m there unique designs and traits according to the business activity. Non residents individuals and companies enjoy fruitful incentives like no bureaucratic red tape, 100% ownership,Freezones Company Formation in UAE and the convenience of single-window administration. The government has built 44 free Zones all around the United Arab Emirates due to these initiatives more than 200000 companies have invested money and help in the GDP of UAE. Every Free Zone vary from each other there are specific license you need to get in order to setup your business but the basic paperwork for all the Zone is the same.

The main focus of the Free Zone is to provide a boost to the economy of the following region and bring foreign investment, increase growth. In order to setup your business you need to register and obtain a license from the Free Zone Authority which is a government body that takes of the non residents companies.Freezones Company Formation in UAE

The list of Free Zone Established Across the UAE:
Freezones Company Formation in UAE

1. GET A VISA WITH FLEXI-DESK:

While Dubai World Trade Centre Free Zone is home to a large number of multinational corporations, it’s also very popular with smaller businesses – and its flexi-desk package is a big reason. Flexi-desk is Freezones Company Formation in UAE
perfect for entrepreneurs who don’t want to commit to permanent physical office space, but still require the ad-hoc use of office equipment and facilities such as meeting rooms. But the key benefit here is that with DWTC’s flexi-desk package you can apply for multiple visas.Freezones Company Formation in UAE

2. NO NEED TO COMMIT TO OFFICE SPACE:

For those who require more flexibility than a flexi-desk, Dubai World Trade Centre allows you to set up shop without committing to any office space at all – simply register your business in the free zone and work from wherever you wish. If an office is a requirement, however,Freezones company formation in UAE DWTC has you covered here as well. Entrepreneurs have the option of taking permanent office space in DWTC’s business centre – currently located in Sheikh Rashid Tower but soon to move to brand new facilities in the coming months.

3. STRAIGHTFORWARD AND AFFORDABLE SETUP:

Whatever type of business you wish to form, Dubai World Trade Centre company setup is fast, simple and affordable. Starting a Free Zone Establishment (FZE), a Free Zone Company (FZCO) or a branch of an existing business in DWTC can be very reasonable. In fact, for the flexi-desk option it may be as low as AED 41,000. As for the process, all is taken care of through the Dubai Department of Economic Development (DED) special project counter and therefore follows the standard DED company formation process.

4. NO REQUIREMENT FOR NOC FROM A LOCAL SPONSOR:

Another reason why Dubai World Trade Centre Free Zone appeals to smaller businesses is that it does not require entrepreneurs to provide a No Objection Certificate (NOC) from a current employer. This is ideal for first time entrepreneurs wishing to set up side businesses within the free zone while still employed.Freezones company formation in UAE

5. A VARIETY OF BUSINESS TYPES AVAILABLE:

Perhaps the biggest reason why DWTC is one of the UAE’s most bustling business hubs is that it is open to such a wide variety of businesses. Entrepreneurs wishing to set up here can select any DED listed business activity – that’s a choice of over 2,000 from industries as diverse as agriculture, construction and finance.

6. SHARE CAPITAL REQUIREMENTS:

To set up in Dubai World Trade Centre Free Zone you simply deposit AED 300,000 in paid upfront share capital and provide proof that you have done so. While this is certainly a barrier for some, it’s a relatively small cost for setting up in such a prestigious location. If you wish to set up a branch of an existing company, no share capital is required.

7. NO AUDITING OR BOOK KEEPING REQUIRED:

Anything that can lighten the administrative burden can only be a good thing. Fortunately, Dubai World Trade Centre is on hand to help. Not only is there no annual audit for DWTC businesses but there’s also no ongoing book keeping requirements.

8. EASY TO ARRANGE YOUR CORPORATE BANK ACCOUNT:

Another way DWTC can help to reduce admin is by assisting with the opening of your corporate bank account. As well as advising you on the best banks to suit your needs, Dubai World Trade Centre staff can also arrange meetings with your chosen financial institutions should you so wish.

9. EASY TO SPONSOR DEPENDANTS:

As well as making it easy to apply for your own visa, it’s also straightforward for entrepreneurs in Dubai World Trade Centre to sponsor dependants for their residence visas as well. Whether you wish to sponsor a maid, driver or family member, the process is relatively easy – entry permit, status adjustment, medical fitness test, then Emirates ID registration and visa stamping. As this is such an important process, it’s a good idea to get advice from an expert in setting up UAE free zone businesses. This ensures that before you start an application, both you and those you’re hoping to sponsor meet all of the entry criteria.

10. SET UP WITH MULTIPLE SHAREHOLDERS:

Another major draw for large businesses toward Dubai World Trade Centre is that it allows for setup with multiple shareholders – which can be individuals, corporate entities or a combination of the two. Entrepreneurs wishing to set up such a business simply need to register a Free Zone Company.

11. WORLD CLASS LOCATION AND FACILITIES:

Dubai World Trade Centre’s strategic location is yet another factor behind its tremendous popularity. Its transport links include the Dubai Metro and close proximity to Al Maktoum International Airport. Plus, at the heart of its complex is the Dubai International Convention and Exhibition Centre making DWTC the perfect home for entrepreneurs looking to network, collaborate and engage with likeminded professionals from around the world.

12. COMPETITIVE EDGE:

Dubai World Trade Centre’s location, coupled with its low setup costs can offer businesses a real competitive edge. At the heart of Dubai’s financial district, next door to Dubai International Financial Centre, DWTC offers businesses a prestigious office address without the sky-high costs usually associated with the area.

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