100% Foreign Ownership • 0% Tax • Complete Business Freedom
Due to the need of having a UAE person as a partner with 51% of the company's shares owned by them, many firms are reluctant to invest in the UAE.
As a result, free zones have grown to be a well-liked method of company creation in the United Arab Emirates, where 100 percent foreign ownership is permitted.
A free zone, also known as a free trade zone, is a region with a special tax-free status and minimal trade obstacles, allowing for the production, import/export, handling, and reconfiguration of commodities without the payment of any customs duties.
In the Emirates, the UAE government has established a number of free zones, each one intended for a particular type of commercial activity. UAE free trade zones give non-resident corporations valuable amenities including the ease of a single-window administration, a lack of bureaucratic red tape, and 100% ownership.
There are around 44 free zones spread out over the United Arab Emirates, and they have drawn 200,000 businesses from outside that are boosting the GDP. The fundamental needs are the same, however the free trade zones have different objectives, starting fees, and documentation requirements.
Starting a business in the UAE has a lot of advantages for business owners
Having difficulty working directly with government agencies
Business operating outside of the country are not subjected to VAT
The business type could be B2B anywhere in UAE and B2C in the free zone and internationally
Companies located in the free zones are exempt from corporation tax that will be in effect as of June 2023
When forming a corporation in some free zones, physical presence is only necessary during the visa application procedure
Get expert guidance and complete support for your freezone company formation
