Business setup in UAE Free Zone function under the regulation and supervision of the Free Zone Authorities. Free Zones are the breeding grounds for startup success. Launching a business in the UAE Free Zone presents a distinctly unique process compared to the mainland.
The governing body for business setup in UAE Free Zones operates differently from that of UAE Mainland or offshore businesses, as each Emirate’s free zone authority independently manages its respective Free Zones. Starting a business in a Free Zone presents a remarkable opportunity: companies can take advantage of a 0% tax on customs duties and enjoy total tax exemption on both imports and exports. Free Zones are becoming a more appealing option for investors.
Helping entrepreneurs launch their businesses with exceptional facilities and advantages is a fulfilling endeavor, and the UAE authorities are overflowing with opportunities for those ready to invest.
ExpressPRO stands out as a premier enterprise, boasting a wealth of experience in establishing businesses throughout all UAE Free Zones. Our business setup services are meticulously crafted to meet all government regulations and legal requirements, guaranteeing you outstanding service at every stage of the process.
What is a Free Zone Company in UAE?
A Free Zone Company is an officially recognized entity set up in one of the 45+ Free Trade Zones located in the UAE. The Free Zone Establishment (FZE) is recognized as the leading company structure in the Free Trade Zone.
An FZE company is characterized by having a sole shareholder. If there are multiple shareholders, the entity will be designated as a Free Zone Company (FZC). Establishing a Free Zone Company in the UAE allows investors to simplify their trade and business operations with ease.
Establishing a business in a UAE Free Zone presents a wealth of benefits for entrepreneurs. Investors can choose from a variety of office spaces designed to meet their specific requirements. The Free Zones in the UAE offer a range of appealing company formation packages, streamlining the process for investors to set up their businesses in the area.
How to Choose a Free Zone for Your Business License?
Free Zones in the UAE are specially designated areas aimed at promoting and simplifying Free Trade. Explore more than 46 Free Zones in the UAE, each offering distinctive business license packages designed specifically for global investors. Each Freezone functions under the supervision of a governing body, following its unique regulations and guidelines. Investors often encounter hurdles when it comes to pinpointing the right jurisdiction for establishing their company and obtaining a business license.
The UAE is recognized as one of the safest countries for living and working, resulting in a notable surge in company registrations and residence visa applications. The Freezone authorities are in a fierce competition to attract investors. To entice entrepreneurs, many Free Zones are now providing licenses at remarkably low costs. Budget-friendly licenses are perfect for small startups looking to navigate the market.
It’s well understood that budget-friendly trade licenses carry specific limitations. The decision to establish businesses in the prestigious Free Zones is entirely in the hands of the investor. Launching a company is merely the beginning of an entrepreneur’s exciting journey. A multitude of legal complaints awaits resolution. It’s wise to seek guidance from a seasoned business advisor who has in-depth experience in the UAE.
Free Zones & Tax Benefits
Free Zone companies are onshore entities that fulfill all required criteria to trade or conduct business internationally and within the UAE, while complying with the customs regulations that oversee the movement of goods. Registering a Free Zone Company grants investors a 2-year Investor Residence Visa, empowering them to hire employees according to the company’s visa quota, which can be modified as required.
Each Free Trade Zone in the UAE is governed by its specific Free Zone Authority. Although these Licensing Authorities generally function within the parameters of UAE Law and regulations, they uphold their autonomy and have unique regulations of their own. They provide a comprehensive range of services, including the issuance of Trade Licenses, the establishment of optimal business infrastructure, the approval of employee visa applications, guidance for equitable business practices, and a host of additional offerings.
The UAE’s Free Trade Zones present remarkable benefits for foreign investors, especially in terms of tax savings. The UAE offers a unique advantage with no Personal Income Tax, while a 9% Corporate Tax will be introduced in June 2023 for eligible companies. In the UAE, certain Free Zones provide exemptions from the 5% VAT (Value-Added Tax) for designated transactions. UAE Free Zones present a prime opportunity for foreign investors, featuring remarkably lower tax rates compared to their home nations.
The UAE’s free zones offer enticing incentives for investors and business owners looking to set up their ventures in the region. In the UAE, Free Zones provide a variety of company licenses designed to meet the unique needs of investors based on their specific business activities. Finding the ideal free zone for your business operations, all while keeping your budget and timeline in mind, presents a considerable challenge for every investor. Discover the ideal Free Zone for your business with the expert guidance of ExpressPRO free zone business setup consultants in the UAE.
Low-Cost Business License Packages – Free Zones in UAE
Business setup in UAE Free Zone presents investors with a variety of cost-effective business license packages, streamlining the process of setting up a company in the region. The UAE offers a variety of Free Zones featuring cost-effective Business License Packages. With a business setup cost of AED 8,050 for a service license from Sharjah Media City, entrepreneurs and start-ups can seize an attractive opportunity to establish their office in the UAE in a cost-effective and streamlined manner.
The cost for a Free Zone License tailored for Consultants, Marketing Professionals, Legal Professionals, Software Professionals, and more is set at 5750 AED. Kindly be aware that this total excludes Visa fees and any additional charges. The cost of a 3-year Business License designed specifically for service professionals in the Free Zone is AED 32,712. The UAE features an abundance of enticing opportunities within its 45+ Free Zones. Establishing a business in a Free Zone comes with varying costs influenced by multiple factors. These include the type of business license, the nature of the business activity, required pre-approvals, office space needs, specific location, budget considerations, and additional elements.
Free Zone Company License in Dubai
In Dubai, the Free Zone Company License stands out as a top option for international investors eager to set up their business. The cost-effective Company License offered by the Free Trade Zones in Dubai drives the growth of new businesses in the city. Dubai’s Free Zones present investors with a wealth of business opportunities and a strong infrastructure, empowering companies to accelerate their growth with ease.
Establishing a business in a UAE Free Zone and obtaining a Free Zone Company License in Dubai is a smooth and straightforward process. Establishing a company is a seamless journey, enabling the registration of multiple businesses while guiding investors to effortlessly realize their dreams of settling, working, and thriving in the UAE. Starting at AED 12,500, you can secure a Dubai Free Zone Company License with a Zero Visa Quota. Investors have the opportunity to enhance their experience by acquiring additional visas, office space, or other essential business resources as needed.
Conclusion
To sum up, business setup in UAE Free Zone provide an outstanding landscape for establishing a business, featuring benefits like complete foreign ownership, tax breaks, efficient procedures, and cost-effective licensing options. These zones offer strategic advantages, enabling businesses to expand efficiently while keeping costs low and operations smooth.
ExpressPRO stands out as a premier consultant for free zone business setups in the UAE, utilizing its vast expertise to assist investors in launching their Free Zone ventures. We ensure adherence to all legal standards, empowering entrepreneurs to flourish in the vibrant UAE market.
