Dubai has always been known as the investor’s heaven. This is the reason why hundreds and thousands of investors from all over the globe make up their mind to start their ventures in this land of unending opportunities.

We are aware that a number of investors like to invest in mainland companies; likewise, a large majority of people choose the option of free zone companies just to give themselves the freedom and heaps of benefits associated with the free zone companies.

Main benefits of free zone companies

Business Setup in Dubai Free Zones

Dubai Free zones are referred to as those economic zones that provide tax free and 100% investor ownership (no local partner required). Other than this, business setup in dubai free zones also offers free customs duty to expats. The recruitment process in Free Zones is also extremely convenient.

These main benefits combined with a number of others make free zones the ideal locations for conducting businesses.

Forming a company in any free zone area isn’t subject to commercial companies’ law. In fact, free zones in the entire UAE are taken as outside the jurisdiction of UAE.

The companies operating in any free zone come under the rules and regulation of their respective free zone. For instance, companies operating in Dubai Media City are obliged to abide by the rules and regulations of Dubai Media City Free Zone Authority.

What type of company you can register in Dubai Free Zones?

FZE of Free Zone Establishment

FZE is registered with one individual or corporate shareholder.

FZCO of Free Zone Company

FZCO is registered with two or more shareholders. The shareholders involved in the registration can be individual as well as corporate companies.

Branch Office

The facility of branch offices isn’t available in all free zones of UAE. Each free zone authority operates with different rules and regulations.

Other main benefits

Other benefits of setting up a company in Dubai free zones include:

Business Setup

  • Complete investor or foreign ownership
  • No corporate tax for 50 years
  • Bank account facility in Dubai
  • Convenient visa, work permit and recruitment process
  • Investor can own properties in UAE
  • Low renewal fees
  • Strict maintaining of business confidentiality
  • Importing of duty free goods in free zones
  • Expats can stop business and move to any other worldwide location at any time
  • Investors can be involved in more than one business activity.

Source: business-setup.ae