Dubai Freezone Company Overview

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Dubai Freezone Company Overview

Free Zone Company

Free Trade Zones are areas in the United Arab Emirates (UAE) that are entitled to certain tax, customs, and imports regime. Each Free Zone caters to a particular commercial category of business and licenses to companies within those categories. These zones offer the benefit of full ownership to entrepreneurs. These areas are of special economic importance and can exercise their authority, and can freely work under their own regulations.

An FZE or FZC can also be a limited liability company (LLC) governed by the rules and regulations of the Free Zone in which it is established. It is exempted from the provisions of the UAE Commercial Companies Law (CCL). With more than 40 Free Zones, the UAE has become the ideal business hub for foreign investors. You are free to open offices in any of the UAE free zones across Dubai, Abu Dhabi, Sharjah, Fujairah, Ras Al Khaimah, and Umm Al Quwain.

A Free zone offers a host of advantages. The prominent among these are:

100% Foreign Ownership
Freedom to open multi-currency Corporate bank accounts
100% Repatriation of Capital and Profits
100% Corporate and Personal Income Tax Exemption
Absence of currency restrictions
Freedom to undertake a range of licensable activities
Abundant and inexpensive energy
Modern and efficient communication
Ability to leverage logistic efficiencies due to business cluster effect
Serviced desks and offices for SMEs and start-ups
Excellent support services
Robust Start-up processes, labor, and immigration procedures

Requirements to Set up a Free Zone Company

You have the option to set up a Free Zone Establishment (FZE) or Free Zone Company (FZC). The only distinction between an FZE and FZC is the number of shareholders. FZE can be formed with a single shareholder while FZC can have two or more shareholders. You can establish a Branch or Representative Office of your existing Parent Company based within the UAE or abroad.

International Free Zone Authority

International Free Zone Authority (IFZA) commenced its operations in 2018 in Fujairah. IFZA inked a deal with Dubai Silicon Oasis Authority (DSOA) in 2020 for facilitating flexibility and ease of doing business. Based on the dynamic business and commercial hubs of the UAE, IFZA has a lot to offer. Its location is both favorable and strategic. The International Free Zone Authority in Dubai offers a multitude of business activities that range from over 1000. You can take advantage of their competitive packages and flexible business setup solutions. The authority gets you covered for 360-degree solutions for all the business setup requirements. If you wish to set up an IFZA Free Zone Company in Dubai, you can bank on Al Shamil Services’s reliable Company Formation Services.

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