Free Zones Company Formation
Many businesses shy away from investing in the UAE due to the compulsion of having a UAE national as a partner with 51% shares owned by them. Because of this, free zones have become a popular form of business registration in the UAE, where 100% foreign ownership is allowed. A free zone, or free trade zone, is an area with special tax-free status and low trade barriers where goods can be manufactured, imported/exported, handled, or reconfigured without paying any customs duty. Free trade zones are generally located in strategic geographical locations like national borders, international airports and major seaports, to maximize trading advantages.
The UAE government has set up multiple free zones in the Emirates, each designed for a specific business activity. UAE free trade zones offer lucrative facilities to non-resident corporates, like the convenience of single-window administration, no bureaucratic red tape, and 100% ownership. There are about 44 free zones situated all over United Arab Emirates that have attracted foreign direct investment in the form of 200,000 companies contributing to the GDP growth. The free trade zones vary in their focus, setup costs and paperwork needed, but the basic requirements are the same.
Company Formation
Financial Consultation
Project Management
Legal Consultation
Free Zones Company Formation
Many businesses shy away from investing in the UAE due to the compulsion of having a UAE national as a partner with 51% shares owned by them. Because of this, free zones have become a popular form of business registration in the UAE, where 100% foreign ownership is allowed. A free zone, or free trade zone, is an area with special tax-free status and low trade barriers where goods can be manufactured, imported/exported, handled, or reconfigured without paying any customs duty. Free trade zones are generally located in strategic geographical locations like national borders, international airports and major seaports, to maximize trading advantages.
The UAE government has set up multiple free zones in the Emirates, each designed for a specific business activity. UAE free trade zones offer lucrative facilities to non-resident corporates, like the convenience of single-window administration, no bureaucratic red tape, and 100% ownership. There are about 44 free zones situated all over United Arab Emirates that have attracted foreign direct investment in the form of 200,000 companies contributing to the GDP growth. The free trade zones vary in their focus, setup costs and paperwork needed, but the basic requirements are the same.