Freezone Company Set Up
The UAE government developed special economic zones that are called free zones. The purpose of creating free zones is to attract foreign investors by offering tax-free business opportunities. Free zones are designed for boosting international business by providing complete ownership to foreign investors. Free Zones in Dubai and the UAE are governed pursuant to a special framework of rules and regulations applicable to the concerned free zone. Free zone authority operates and manages the Free zone in Dubai. These free zones operate outside the federal Law or Laws of the Ministry of Labor. Businesses operating in free zones can access the benefit of complete ownership of the companies and they also have other special benefits that other businesses don't have. Normally, if you want to set up a business in the UAE, you need a local sponsor. But in the case of free zone business, you no need of a local sponsor. You can enjoy complete ownership of business if you set up your business in the free zones. A free zone offers 100 % corporate and personal income tax benefits.
Normally, if you want to set up a business in the UAE, you need a local sponsor. But in the case of free zone business, you no need of a local sponsor. You can enjoy complete ownership of business if you set up your business in the free zones. A free zone offers 100 % corporate and personal income tax benefits.
Most of the free zones in Dubai offer the licenses for trading, service, industrial, national industry, and branch to the investors who want their business formation. You are free to set up different types of companies in the free zone as per your requirements.
- Free Zone Establishment (FZE) – Single shareholder
- Free Zone Company ( FZC) – Two or more shareholders
- Branch Company – Branch of local company or branch of foreign company