Freezone License
A free zone company is formed within a special jurisdiction that comes under a particular Emirate. As of now, over 40 Free Zones are operating in the UAE as a whole. Free zone jurisdictions have their own regulations and have a government regulatory body called the Free Zone Authority. The Free Zone Authority is in charge of trade license issuance. A UAE Free Zone is characterized by the benefits of 100% foreign ownership and tax concessions.
Business Entities Formed in Free Zone Jurisdiction
Investors and entrepreneurs can rely on 3 different business entities to form a company in any of the UAE Free Zone jurisdictions. And those entities are:
Free Zone Company (FZC)
A Free Zone company is a business entity that has 2 or more shareholders.
Free Zone Establishment (FZE)
A Free Zone Establishment is a business entity that has a single shareholder.
Branch Office
The investors can also form a business entity that serves as a branch office of a parent concern. The parent concern can be in the UAE or an overseas company.
Benefits of Free Zone Company Formation
-
Free zone companies are ideal for foreign investors who seek 100% foreign ownership
-
Free zone regions have tax exemption benefits. They are devoid of Corporate tax, Income tax, and personal tax
-
Free zone jurisdictions do not have foreign exchange restrictions
-
Hassle-free employee recruitment formalities
-
Investors can enjoy complete repatriation benefits in terms of profit and capital
-
Free zone entities are devoid of export and import charges
-
Enjoy logistic advantage
-
Ideal for start-up ventures small and medium business establishments. Free zone regions are equipped with full-fledged offices and workspaces
-
Well-equipped and ample communication facilities