BUSINESS OVERVIEW
UAE Free Trade Zones (FTZ) are determined geographical areas where UAE mainland taxes, employment and import-export restrictions on business do not apply, as well as bureaucratic requirements, are lowered which makes it the desired destination for foreign investors.
Exsus is here to assist you at each stage of business setup in any UAE Free Zone, such as the development of business plans, registration of a tailor-made corporate structure, assistance in obtaining UAE residence visas, UAE corporate and private Bank Account Opening, VAT advisory, Accounting & Bookkeeping and full further administrative support.
Starting a business entity in one of the UAE’s Free Trade Zones can be a very attractive option for foreign investors, but choosing the right Free Zone for your business requires in-depth knowledge of the market.
More than 65 different Free Zones are located in the UAE and we can recommend the right Free Zone, depending on business conditions, visa and office requirements, and, certainly, the investment budget. Business Setup Experts at Exsus always carefully consider all factors to recommend the best place to register your business in the UAE, to enable its economic growth.
Contact us today to get an insightful kind advice on company formation in UAE Free Zones.
ADVANTAGES OF BUSINESS SETUP IN UAE FREE ZONES
- No corporate taxes
- UAE Residence Visa
- 100 % foreign ownership of the enterprise
- No trade barriers or quotas
- Simple Import/Export Policies
- No restrictions on hiring expatriates
- No personal income taxes
- 100% repatriation of capital and profits
- Infrastructure and facilities for Industrial and Commercial purposes
HOW TO REGISTER A UAE FREE ZONE COMPANY
To start a business in any UAE Free Zone you need to complete three main steps: obtain your business license, get your UAE Residence Visa and open a corporate bank account. When properly planned, the whole business setup process should take from 1 to 4 weeks.
Every company operating within a UAE Free Zone is required to obtain a business licence (also known as a trade licence). Each business licence is valid for one year, starting from the date of issue and must be renewed annually.
Some UAE Free Zones require minimum paid-up share capital to be presented at the time of the Free Zone company formation. The amount of the share capital depends on each Free Zone requirements.
SELECT A LICENCE TYPE AND BUSINESS ACTIVITY
- CHOOSE A FREE ZONE
- SELECT A CORPORATE STRUCTURE
- SELECT TRADE NAME & PREPARE DOCUMENTS
- APPLY FOR INITIAL APPROVAL
- SIGN LEGAL DOCUMENTS FOR COMPANY INCORPORATION
- ESTABLISH BUSINESS LOCATION
- COLLECT BUSINESS LICENSE
At this stage the following steps are already completed: obtaining initial approval, signing legal documents for company incorporation, obtaining third party approvals (if applicable) and signing Lease/Tenancy Contract. Considering this, at the final stage your licence will be issued along with the other standard package of corporate documents (it may be slightly different from one Free Zone to another): Licence, Certificate of Incorporation, Share Certificate(s), Articles of Association (AOA) and Lease/Tenancy Contract.
