Other Freezone

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Other Feezone

Other Feezone

The UAE has set up multiple Free Zones in the various emirates, each designed for specific business activity. These Free Zones offer lucrative facilities to non-resident corporates, like the convenience of single-window administration, no bureaucratic red tape, and 100% ownership. in their focus, setup costs and paperwork needed, but the basic requirements are the same.
The main attractions of establishing an entity in one of the UAE’s Free Zones is that there are no foreign ownership restrictions and companies are governed by an independent Free Zone Authority (FZA), which is responsible for issuing operating licences and regulating the activities of companies within the Free Zone.

Advantages of setting up a business in a UAE Free Zone

  • The main advantage offered by the UAE Free Zones is that foreign investors can retain 100% ownership of their businesses without the need for a local partner.
  • Outside of the Free Zones, non-UAE residents are not allowed a majority stake in the business if that business requires a commercial or industrial licence and must therefore set up with a local partner who takes minimum ownership of 51%.
  • Other financial incentives of the UAE Free Zones include a 0% corporate and income tax rate, no customs duties levied on imports and exports, and the option to repatriate 100% of the profits from the business.
  • Another factor that can present fantastic opportunities to Free Zone companies is that many of the UAE Free Zone are sector specific. This gives its entrepreneurs ready access to a hub of knowledge and expertise from others within their field.
  • Company set up in Free Zones is not subject to the commercial company’s law as these Free Zones are outside the jurisdiction of the UAE and have rules and regulation set by concerned Free Zone Authorities.
  • Free Zones offer an excellent business opportunity for investors from all around the world and provide a liberal working environment and easy company setup procedures.

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Types Of Other Free zones

Types Of Companies

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