Free Zone Company Setup

WHAT IS A FREE ZONE IN DUBAI

The modern metropolis of UAE shows rapid development through its business-friendly rules and commercial advantages at its convenient location. All global businesses gravitate toward the urban center thanks to multiple free zones which account for the city’s achievement story.

Free Zones bring unique regulatory frameworks to separate economic areas which provide investors both taxation advantages along with customs duty-related benefits. These facilities function to enable foreign investment through complete ownership by all nationalities while simultaneously reducing start-up procedures and simplifying labor and immigration protocols.

Free Zones

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Dubai Free Zone Company Setup: Features and Requirements

Typically, a free zone company works inside its borders. The business is sometimes referred to as a limited liability company and has two or more shareholders. The UAE free zone authorities should receive the audited financial accounts from free zone businesses in Dubai or the UAE. After the fiscal year ends, they should submit the paperwork every three months. At least two directors and a secretary should be part of the organization. An individual may hold the positions of secretary and director together.

100% ownership in the company by foreign subscribers

Obtain license for operating business in the Emirates

Obtaining resident visa for employees and owners

Customs and tax exemptions

Report requirements

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Benefits of Choosing NovaZone Business for PRO Services

By incorporating your company in a UAE Free Zone, you may access facilities and possibilities and benefit from a host of advantages. These free zones include, among others:

International Free Zone Authority (IFZA)

One of Dubai's most prominent free zones is IFZA. It is the UAE's sole free zone devoted to business-to-business (B2B) transactions. A simple business setup procedure, first-rate infrastructure, and scalable business solutions are all provided by company formation in IFZA. Shuraa is able to provide you with the fastest and most affordable business setup in IFZA, Dubai, thanks to our cooperation with IFZA. From our Dubai office, we can assist you with business formation in more than 1,000 trade, service, and consulting-related activities in IFZA.

Sharjah Publishing City Free Zone (SCP)

A division of the Sharjah Book Authority, Sharjah Publishing City Free Zone is a one-stop platform for entrepreneurs that offers a wide range of business support services in a customer-focused setting in addition to a quick and customized company setup service.

Ras Al Khaimah Economic Zone (RAKEZ)

One of the top free zones in the United Arab Emirates, RAKEZ provides contemporary infrastructure, ease of company setup, and assistance for more than 1,000 trade, service, and consulting operations. RAKEZ is a great alternative for enterprises since it offers 100% foreign ownership, tax exemptions, profit repatriation, and choices for both free zone and non-free zone firms. Our collaboration with RAKEZ guarantees economical and effective business establishment services.

Meydan Free Zone

Meydan Free Zone is a key business hub in Dubai, offering streamlined company formation processes, excellent infrastructure, and a prime location. Through our partnership with Meydan Free Zone, we provide efficient and cost-effective business setup services, supporting a wide range of activities in trade, services, and consultancy from our Dubai office.

Shams Free Zone

Shams Free Zone serves as a dynamic free economic zone located in Sharjah, United Arab Emirates known for its strategic business orientation and superior geography. Shams Free Zone delivers up-to-date infrastructure combined with diverse business solutions through quick setup processes that support creativity and entrepreneurial operations. As a Shams Free Zone partner we provide budget-friendly business setup services from our Sharjah office to help organizations in trade services and consulting activities.

Sharjah Research Technology and Innovation Park (SRTIP)

SRTI Park Free Zone stands as one of the foremost research technology and innovation centers located in Sharjah, United Arab Emirates. SRTI Park has established itself as a facility with leading-edge services alongside a supportive operational environment. The facility offers contemporary infrastructure built for creative operations which also streamlines business establishment procedures. Through our partnership with SRTI Park we provide business setup services that deliver both effective solutions and reasonable prices to clients to establish different research technology and innovation projects.

Government Departments

We can help you with the processes in the following government departments

Free Zone Company Formation Requirements

We will need the following paperwork and due diligence from each and every shareholder or director of the proposed new company before we can start the process of establishing a Free Zone Company:

Certified Passport Copy and UAE Visa/UAE entry stamp (if non-resident)

2 x Proofs of Address (dated within 3 months)

Bank or Professional Reference Letter

Curriculum Vitae (summary of professional history)

Company Application Form (which we will provide)

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Business Setup in Dubai Free Zone

As a solo entrepreneur who operates as the sole business owner should establish a Sole Establishment for business registration. This form of incorporation aligns exactly with Sole Proprietorship rules. Businesses that have two or more owners should be formed as Limited Liability Company (LLC) rather than other options. A Limited Liability Company needs to maintain between two and 50 owners for operation. Your business needs to operate under Private Limited Company status when the shareholder number exceeds 50.

Free zones grant exclusive rights for limited liability companies as the only possible entity for registration. Proficient consultants specializing in UAE business establishment can help you locate your best business location between mainland operations and free zone facilities. They will also provide strategic advice for choosing optimal company formations. Every business faces advantages when operating from a free zone and from directly on the mainland. Identifying the advantages of free zones and mainland operations will lead you to the right business selection.

Need Professional Assistance with Company Registration in Dubai?

NovaZone staff members have accumulated an extensive wealth of knowledge in UAE company establishment operations. The NovaZone team specialized in business setup activities operates to provide expertise throughout the entire business establishment process for UAE. The team comes from diverse fields like Legal, Financial and Management background and shows enthusiasm for steering you toward the best approach for UAE business establishment. They facilitate complete documentation assistance to achieve smooth company registration in UAE for new businesses.

NovaZone serves as your best choice among affordable business setup consultants in the UAE. NovaZone provides guidance to customers who wish to establish their business operation in UAE. NovaZone provides complete business establishment assistance in Dubai which leads to establishing companies in UAE without complications. Any other consultant should not be your selection when establishing a company in Dubai.

Most preferred businesses in the UAE Freezone

How Much Does It Cost to Set Up a Company in Dubai Freezone?

In UAE, there are about thirty free zones. Each free zone has different startup expenses. This relates to the fact that a firm may have as many as 50 stockholders, all of whom would be qualified for a visa. Each person, including employees for whom work visas are applied, must pay the application expenses separately. Then there are the costs of renting an office; these vary depending on the free zone. Charges are based on your choice, which ranges from a huge enclosed office to a single desk in a co-working area.

How To Set Up a Business in Free Zone

Our team is here to make the exciting journey of setting up a business in a free zone smooth and stress-free. We accompany you every step of the way, providing support and help whenever needed.

Select the Perfect Free Zone

We assist you in determining which Free Zone is best for your company's operations based on your market, industry, and expansion goals.

Choose the Right Legal Structure

Our professionals will help you choose the right course of action for your business, whether you require a Free Zone Establishment, Free Zone Company, or Branch. However, LLCs make up the majority of businesses in Freezone.

Name Reservation and Initial Approvals

Our Dubai free zone company setup consultants help you get the required basic government approvals and secure your business name.

Streamlined Documentation

Let us handle the paperwork! We take care of all the paperwork, ensuring that you fulfill all legal obligations.

Effortless Application and Approvals

We expedite the application procedure and quickly secure the necessary approvals thanks to our vast knowledge.

Opening a Corporate Bank Account

To make your financial transactions easier, our professionals walk you through the process of obtaining a corporate bank account.

Comprehensive Solutions

Establishing a business in the Dubai Free Zone is only the first step. You can access a full range of services with Shuraa Business Setup, such as office space rental, PRO services, immigration support, and licensing.

How NovaZone Support UAE Free Zone Formation?

By using its experience in creating internationally renowned businesses within UAE free zones, NovaZone aids in the creation of UAE free zones. We offer full incorporation services that are customized for different company jurisdictions, legal entities, and business structures. We provide thorough information and professional advice on choosing the best business form when starting a business in a free zone. We provide accounting assistance, business license, paperwork filing, and bank account opening assistance. NovaZone is dedicated to providing the most affordable company creation solutions in the United Arab Emirates.

FAQ

What are the benefits of setting up business in a UAE Free Zone?

Significant benefits include:

100% Foreign Ownership: Complete control of the company without requiring a local sponsor.

Tax Exemptions: Exemptions from import/export taxes, personal income taxes, and corporation taxes.

Easy Setup: Simplified business license and registration processes make setup easier.

Repatriation of Profits: Complete capital and profit repatriation.

Top-Notch Infrastructure: Availability of contemporary amenities, such as offices, warehouses, and logistics centers.

Visa Eligibility: Employees and dependents who qualify for residence visas.

No Currency Restrictions: Exchange of currencies is unrestricted in free zones.

What types of business activities can be conducted in a Free Zone?

Free zones usually permit the following types of business operations:

Trading: Import, export, and re-export of goods.

Manufacturing: Creating and putting together products inside the Free Zone.

Services: Providing expert services in areas including marketing, IT, and consulting.

Publishing and Media: Publishing, advertising, and media production.

Technology: innovative companies, software development, and IT services.

Logistics: Distribution, transportation, and warehousing services.

How do I choose the right Free Zone for my business in the UAE?

To choose a Free Zone properly consider these essential factors:

Business Activity: Businesses need to check if the Free Zone allows them to operate their intended business activities.

Location: The distance of important markets along with ports and airports and cities to your planned business will impact your choice of location.

Cost: The analysis of operational expenses for free zone operations includes the comparison between rental and licensing fees throughout different locations.

Facilities: A variety of facilities including office rooms and warehouses together with operational facilities exist that support your business needs.

Reputation: The reputation of certain Free Zones varies in different industries because specific zones have built an established reputation.

What are some of the most popular Free Zones in the UAE?

Among the most well-known Free Zones are the following:

Jebel Ali Free Zone (JAFZA): This stands among Dubai's largest and most recognizable free zones because it serves businesses involved in manufacturing and logistics together with trade activities.

Dubai Multi Commodities Centre (DMCC): Focuses on trading commodities, such as tea, diamonds, and gold.

Dubai Internet City (DIC): IT and technology companies are the main focus.

Dubai Media City (DMC): Made for the creative and media sectors.

Abu Dhabi Global Market (ADGM): A financial free zone serving the insurance, banking, and finance industries.

Ras Al Khaimah Economic Zone (RAKEZ): RAKEZ Free Zone is recognized for its affordability and adaptability in a range of commercial endeavors.

Sharjah Airport International Free Zone (SAIF Zone): Provides first-rate logistical assistance and is close to Sharjah International Airport.

What is the process for setting up a business in a UAE Free Zone?

The overall procedure entails:

Choose a Free Zone: Choose the Free Zone that best meets your company's requirements.

Decide on a Business Activity: Choose the kind of business operations your organization will carry out.

Select Your Business Structure: Choose your company's legal structure (e.g., Free Zone Establishment (FZE), Free Zone Company (FZC), Branch).

Send in your documents and application: Present the required paperwork, such as copies of your passport, your company plan, and your proof of address.

Pay Fees: Cover the cost of the rental, licensing, and registration.

Obtain License: After being accepted, you will be granted a business license and be able to begin operations.

Open Bank Account: Create a business bank account in the UAE

Apply for Visas: Submit applications for dependents' and employees' residency visas.

ENTREPRENEURSHIP IN THE UAE THE NovaZone WAY

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