Companies in the Free Zone operate under the licensing and oversight of the Free Zone Authorities. Startups thrive in Free Zones. Starting a business in the UAE Free Zone involves a notably different process from the mainland.
The authority overseeing Business setup in UAE Free Zone differs from that of the UAE Mainland Business or offshore Business, as each Emirate’s free zone authority governs the Free zones independently. Establishing a business in a Free Zone offers a significant advantage: companies benefit from a 0% tax on customs duties and enjoy complete tax exemption on imports and exports. This makes Free Zones an increasingly attractive choice for investors.
Empowering entrepreneurs to establish their businesses with top-notch facilities and benefits is a rewarding challenge, and the UAE authorities are brimming with opportunities for those eager to invest.
ExpressPRO is a distinguished enterprise with extensive experience setting up businesses across all UAE Free Zones. We ensure that our business setup services adhere to all government regulations and comply with every law, delivering you exceptional service every step of the way.
What is a Free Zone Company in UAE?
A Free Zone Company is a legally recognized entity established within one of the 45+ Free Trade Zones in the UAE. The Free Zone Establishment (FZE) stands out as the most prevalent company structure within the Free Trade Zone.
An FZE company consists of a single shareholder. The entity will be classified as a Free Zone Company (FZC) if there are multiple shareholders. With a Free Zone Company in the UAE, investors can effortlessly streamline trade and business operations.
Business setup in UAE Free Zone offers numerous advantages for businesses. It allows investors to select from a range of office spaces tailored to their unique needs. The Free Zones in the UAE provide a variety of attractive company formation packages, making it simple for investors to establish their businesses in the region.
How to Choose a Free Zone for Your Business License?
Free Zones are designated areas in the UAE designed to encourage and facilitate Free Trade. Discover over 46 Free Zones in the UAE, each presenting unique business license packages tailored for global investors. Every Freezone operates under the oversight of a governing authority, adhering to its own distinct set of rules and regulations. Investors frequently face challenges in identifying the appropriate jurisdiction for setting up their company and securing a business license.
The UAE stands out as one of the safest countries for living and working, leading to a significant increase in company registrations and residence visa applications. As a result, the Freezone authorities are actively competing to draw in investors. In a strategic move to attract entrepreneurs, numerous Free Zones have begun offering licenses at minimal costs. Affordable licenses can be ideal for small startups aiming to explore the market.
It’s widely recognized that affordable trade licenses come with certain restrictions. The choice to set up companies in the esteemed Free Zones rests solely with the investor. Starting a company marks just the first step in the entrepreneur’s adventure. There are numerous legal complaints that need to be addressed. Therefore, it is prudent to consult a knowledgeable business advisor with extensive experience in the UAE.
Free Zones & Tax Benefits
Free Zone companies are onshore entities that meet all the necessary criteria to engage in trade or conduct business globally and within the UAE while adhering to the customs regulations governing the movement of goods. With a Free Zone Company Registration, investors receive a 2-year Investor Residence Visa, allowing them to hire employees based on the company’s visa quota, which can be adjusted as needed.
The governance of each Free Trade Zone in the UAE falls under its designated Free Zone Authority. While these Licensing Authorities typically operate under the framework of UAE Law and regulations, they maintain their independence and possess distinct regulations. Their services include issuing Trade Licenses, establishing the ideal business infrastructure, approving employee visa applications, offering guidelines for fair business operations, and much more.
Free Trade Zones in the UAE offer significant advantages for foreign investors, particularly regarding tax savings. The UAE boasts the absence of Personal Income Tax, with a 9% Corporate Tax set to be implemented from June 2023 for qualifying companies. In the UAE, select Free Zones offer exemptions from the 5% VAT (Value-Added Tax) for specific transactions. Overall, UAE Free Zones serve as an ideal Tax Haven for foreign investors, offering significantly lower tax rates than their home countries.
The free zones in the UAE provide investors and business owners with compelling incentives to establish their enterprises in the region. In the UAE, Free Zones offer a range of company licenses tailored to investors’ specific business activities. Identifying the right free zone for your business operations while considering your budget and timeline poses a significant challenge for every investor. ExpressPRO free zone business setup consultants in uae are here to help you select the perfect Free Zone for your business needs.
Low-Cost Business License Packages – Free Zones in UAE
UAE’s Free Zones offer investors an array of affordable business license packages, making it simple to establish a company in the region. The UAE boasts numerous Free Zones that provide affordable Business License Packages. The AED 8,050 business setup cost for a service license from Sharjah Media City presents an enticing opportunity for entrepreneurs and start-ups looking to establish an office in the UAE efficiently and affordably.
A Free Zone License for Consultants, Marketing Professionals, Legal Professionals, Software Professionals, and others costs 5750 AED. Please note that this amount does not include Visa costs and other fees. The price for a 3-year Business License tailored for service professionals in the Free Zone is AED 32,712. The UAE boasts a plethora of competitive offers across its 45+ Free Zones. The cost of setting up a business in a Free Zone varies based on several factors, including the type of business license, the nature of the business activity, necessary pre-approvals, office space requirements, specific location, budget considerations, and more.
Free Zone Company License in Dubai
The Free Zone Company License in Dubai is a favored choice for foreign investors looking to establish their business there. The affordable Company License provided by the Free Trade Zones in Dubai fuels the establishment of new businesses in the city. Dubai’s Free Zones offer investors extensive business activities and a robust infrastructure, enabling companies to drive growth effortlessly.
Business setup in UAE Free Zone and securing a Free Zone Company License in Dubai is seamless. The company formation process is straightforward, allowing for the registration of numerous companies while assisting investors in effortlessly achieving their aspirations of settling, working, and living in the UAE. The cost of a Dubai Free Zone Company License begins at AED 12500 for a Zero Visa Quota. Investors can upgrade should they require additional visas, office space, or other business necessities.
Conclusion
In conclusion, the UAE’s Free Zones offer an exceptional environment for business setup with advantages such as 100% foreign ownership, tax exemptions, streamlined processes, and affordable licensing packages. These zones provide strategic flexibility, helping businesses grow with minimal costs and operational ease.
ExpressPRO, a leading free zone business setup consultants in uae, leverages its extensive experience to guide investors through establishing a Free Zone business, ensuring compliance with all legal requirements and enabling entrepreneurs to thrive in the UAE’s dynamic market.
