The UAE government has set up multiple free zones in the Emirates, each designed for specific business activity. Most of the UAE Emirates have set up free zones to boost the economy in the region, promote foreign investment, and drive growth. A freezone is a jurisdiction designated specifically so that the company that is setup inside of it can be can completely owned by the foreign entity. Free Zone Authority is the government body that registers and issues business licenses to non-resident companies in UAE free zones.
Free Zone Corporate Entities are Mainly Two:
- Free Zone Establishment
- Free Zone Company
1. Free Zone Establishment (FZE)
This type of company can be registered with 1 individual or corporate shareholder.
2. Free Zone Company (FZC)
This type company can be registered with 2 or more shareholders. A shareholder can be an individual or a company.
Benefits of Business Setup in a Free Zone
- 100% Ownership
- 100% Tax-Free
- Import/Export
- Strategic Locations
- State of the art infrastructure
- High-Quality Labour
- Complete Repatriation of Investments and profits
- Bank Account Opening
- Virtual Office and Warehouse Opening
You will be able to avail these three license types
Commercial License: It covers all kinds of trading activities
Professional License: Covering all professional services, PR, consultancy, and other services
Industrial License: Manufacturing businesses, processing goods, packaging products
Role of Exsolution in the Dubai Free Zone Company Formation
- We can give you strategic insights that will help you identify the perfect zone for your business type
- Get the necessary documents that will help you incorporate
- Approvals from government and others
- Bank Account Opening
- A lot more can be provided through our business consultants
Depending on your business activities, the most important choice you will make is selecting the free zone that will be the best for enhancing your enterprise. This is why we always suggest reaching out to specialists that will help you make the wisest choice.
