The registration of a company in a Free Zone in the United Arab Emirates is subject to the rules and regulations of the free zone in which it was established, in contrast to the formation of a company outside it.
Investing in free zones in the United Arab Emirates:
Registering a company in a free zone in the UAE makes any company subject to the rules and regulations of the free zone in which it is located, which is different from Establish a company Abroad. Apart from obtaining Emirati citizenship in the UAE, the provisions of the Commercial Companies Law (CCL) do not apply to free zone companies, provided that the free zone enjoys the appropriate conditions.
What is free area?
Free Zone is a geographically defined area within the United Arab Emirates that allows 100% foreign ownership. The filing areas were established in China because the UAE supports the strategic transformation of key industries. For example, the Dubai International Financial Center attracts companies operating in the financial services industry, such as insurance and financial services companies. Additionally, you may find that Dubai Media City - a free zone in the Emirate of Dubai that has infrastructure and permits has its own rules and conditions to cater to the needs of the media industry.
You'll also find the Dubai Airport Free Zone, an important business hub in the midst of the world's most famous and commercial district. Due to its strategic location and proximity to one of the world's busiest international airports, Dubai Airport Free Zone is the ideal gateway to the market. It is the region connecting Europe, the Indian subcontinent, and the Far East. Therefore, each free zone has its own requirements in terms of minimum capital, office or warehouse space, and permitted activities. Each of them has the relevant licenses and adequate legislation for their customs industries to flourish.
Advantages of establishing a free zone company in Dubai
The main advantage of free zone companies is the 100% ownership right regardless of the country of incorporation. And according to the rules of the free zones, no local assistant or agent is needed for the services of the Emirati citizen. UAE free zone properties usually have a structure of product quality and environmental efficiency. There are a lot of government subsidies for entrepreneurs and investors in the participating regions, and then more profits are passed on to the companies operating in the participating regions. For example, we can compare the physical infrastructure of the Dubai International Financial Center to international standards:
- Free Zone companies are 100% tax-exempt. Depending on the free zone and the work done in it, the exemption period can last for years and this exemption is renewable.
- Companies in free zones in Dubai may open bank accounts in Dubai and conduct international business.
- The company in the free zone can also be liquidated according to its laws at any time, and you can keep the property in the name of the company after the company is liquidated in accordance with the laws of the UAE free zone.
- The number of free zones is increasing in addition to the Dubai International Financial Center, and thus the free zones cover a variety of industries, making the establishment of companies very easy.
There is a large multicultural workforce, which makes it easy to attract international workers, as all free zones offer a range of services for obtaining work visas.
United Arab Emirates Investment Free Zone:
Building projects within free zones in Dubai is one of the best options for foreign investors who are constantly looking to take advantage of the unique advantages of free zones in Dubai. It is one of the best ways to encourage investors to invest in its local economy.
Free Zone Investment:
Investments in free zones in Dubai are subject to a number of laws regulating them, while investments in free zones are subject to the authorities that manage the free zones. Therefore, in order to invest in a free zone, you must follow those steps that will help you set up your project in a free zone in Dubai, which includes defining the type of activity, allowing you to determine the type of commercial license that you want to obtain in order to invest in the free zone. Investing in a free zone is a must, so you must determine whether the company is a local company and an existing company that you want to establish additional branches for in the free zone, or whether it is a new company. Moreover, in order to invest in the free zone, the capital must be determined, depending on the region in which it is located, and the activities that will be carried out in the free zone.
Establishing a company in the free zone:
Setting up a free zone company makes you the sole person in charge of the entire company, and you don't need to work with a local partner to help you set up a free zone company. Also, the advantage of setting up a free zone company is that you can see all the cost data. Also, offering these amounts is one of the most important features of the free zone at Dubai Airport, as it helps you to establish a company in the free zone from 3 different types of companies, each with many different advantages and options to suit all your needs. A company established in a free zone can be a type of private establishment in The free zone, which consists of only one shareholder, and the company can be a branch of a local company in a free zone.
Costs of establishing a company in the free zone:
To find out the cost of forming a company in the free zone, you must first know that each free zone in Dubai has specific incorporation fees that differ from one free zone to another.
The business owner must have a minimum total capital, in contrast to opening a branch of a company that already exists, and the costs of establishing a company in the free zone also include those costs associated with supporting contractors and issuing the required visas, as well as some costs of establishing a company in the free zone such as Costs of importing goods into the country and costs of Dubai Customs.
Conditions for establishing a company in the free zone:
There are many conditions for carrying out any activities related to finance or education, as well as the possibility of carrying out these activities related to hospitality, media and other industries that are allowed to be established in the free zone.
In addition, one of the conditions for establishing a company in the free zone is to refer to the competent authority in the free zone to find out what activities are permitted to be practiced in the free zone. Companies in the free zone present special requirements. The capital varies according to the type of activity to be established and as determined by the competent authorities in the free zone.
In order to establish a company in a private free zone in a free zone in Dubai, this matter needs to provide many of these requirements, because there are many competitions in different fields of business in a free zone in Dubai, establishing a company in a free zone in Dubai is wonderful You are one of the competitors for expatriates in the Emirates because of the stability and security that Dubai enjoys, and the stability of the UAE market.
You can pursue a career in finance, education, retail, hospitality, media and other fields. It is recommended to contact the relevant free zone authority to find out which activities are permitted by each relevant free zone. You can use a team of experts and specialists at ITQAN to help you easily establish your company.
