Choosing the suitable Freezone for your business is something like unlocking a treasure in the dynamic business hub of the UAE. At Bizdaddy, we assist you to lead you to that goldmine.
A Freezone is referred to as a designated economic area in a country that allows business to operate with unique tax and regulatory advantages. More than 40 free zones exist in the UAE, and they are spread over different emirates, each working under its own set of rules and regulations. A free zone company means a business entity listed in the UAE Free Zone. Business Setup in UAE Free Zones benefits businesses with 100% foreign ownership, zero corporate taxes, decreased import and export duties, and several other benefits. So, it has become an ideal choice for investors and entrepreneurs.
You can set up various kinds of businesses belonging to different sectors in UAE Freezones. Common types of business setup in UAE are outlined below:
Build a thriving business in Dubai with our Business Setup Package. Benefit from personalized guidance,
strategic planning, tailored training, and customized solutions to ensure your success.
We’re more than merely a business setup consultancy – we’re your partners in success. Our team of experienced experts is always committed to guiding you through each step of the freezone company setup process, guaranteeing a smooth freezone business setup experience. From discovering the advantages of a mainland company to streamlining the process of Business Setup in UAE Free Zones, we’re here to turn your dreams a reality.
A Freezone company is a business entity established in a designated free trade zone in the UAE. These zones offer various incentives such as tax exemptions, full foreign ownership, and simplified business setup procedures to attract international investors.
The benefits include 100% foreign ownership, tax exemptions, full repatriation of profits and capital, no import or export duties, and simplified business setup processes. Freezones also offer world-class infrastructure and a business-friendly environment.
Most Freezones in the UAE accommodate a wide range of business activities, including trading, manufacturing, consultancy, IT services, media, healthcare, education, and more. Each Freezone may have its own specific set of permitted activities.
The setup time can vary depending on the specific Freezone and the nature of the business. Typically, the process can take anywhere from a few days to a few weeks, provided all necessary documents and requirements are met.
The required documents usually include a passport copy of the shareholders and directors, a business plan, proof of address, and a completed application form. Some Freezones may have additional documentation requirements.
Yes, Freezone companies can sponsor employees. The number of visas allowed depends on the size of the office space and the Freezone’s specific regulations.
Yes, most Freezones require companies to have a physical office. However, the size and type of office (e.g., flexi-desk, serviced office, or dedicated office) can vary based on the Freezone’s policies.
Yes, Freezone companies must comply with ongoing requirements such as renewing their trade license annually, maintaining proper accounting records, and filing necessary reports with the Freezone authority.
Freezone companies are generally allowed to do business within the Freezone and internationally. To conduct business within the UAE mainland, they need to appoint a local distributor or set up a mainland branch office.
Choosing the right Freezone depends on your business activities, target market, budget, and specific requirements. It’s advisable to consult with business setup experts who can guide you based on your needs.
The costs can vary significantly depending on the Freezone, the type of business license, office space requirements, and the number of visas needed. It is essential to get a detailed quote from the Freezone authority or a business setup consultant.
Yes, it is possible to convert a Freezone company to a mainland company, but the process involves additional steps and compliance with mainland regulations. Consulting with a business setup expert can help navigate this transition.
