Free Economic Zone is a restricted area with special legal status in relation to the rest of the territory, and favorable economic conditions that allow you to register a company with the full right to apply for resident visas.
Free Zones in the UAE saw a rapid growth within the framework of the country’s economic development and attraction of foreign capital. Today, there are more than 30 Free Zones in the UAE, which offer a variety of opportunities to develop your business.
What are the advantages of starting up your business in Free Zones of the UAE?
- 100% foreign ownership.
- Freedom of movement of capital, particularly its repatriation.
- The absence of tax (corporate and personal).
- No customs duties.
- Legal and economic management of business processes is carried out by a single governing body.
There are several legal forms and types of licenses intended for companies in the Free Zones of the UAE. You can open a new independent company, or a branch of the existing one, and choose one of the three types of license – commercial, service, production – depending on the nature of business activities you have planned to engage in.
It should be noted that certain activities in Free Zones are not permitted. You can learn more about it from our consultants, who will not only help you choose a Free Zone that fits your requirements, but will also prepare the necessary documents, help register the company, open a bank account and process resident visas. Turning to us, you will save time and will be able to avoid unnecessary errors in the process.