Thursday, 6 March 2014
Advantages of Free Zone Companies in UAE | Business setup | Company formation | Free Zone Formation | Offshore formation |
Type of Entity:
A UAE Free Zone Company can be established in the following ways:
A branch of an existing company
Foreign Branch - A foreign affiliate that is legally a part of a firm residing outside of the UAE
Local Branch - A domestic affiliate that is legally a part of a firm residing in the UAE
A new establishment
Free Zone Company - A new business entity which is owned by 2 – 5 partners
Free Zone Establishment - A new business entity with a sole business owner
Such companies can be owned 100% by foreign investor with no involvement of local partner or sponsor.
A UAE Free Zone company offers the following incentives to investors:
• 100% foreign ownership.
• No corporate taxation for 50 years – a concession that's renewable.
• Freedom to repatriate capital and income in totality
• No personal income tax.
• Full exemption from import duties.
• No currency restrictions
• No bureaucratic red-tape.
• No recruitment problems.
• Modern efficient communication
• State of the art infrastructure.
• Abundant energy.
• Attractive working environment.
• Owned premises on leased land can be mortgaged.
Types of Licenses:
Industrial License
Activities allowed: Import raw materials, manufacturing, processing, assembling, packaging, and exporting finished products.
Commercial License
Activities allowed: Import, export, distribution, consolidation, storage or warehousing of items specified on the License. Maximum limit is seven similar product lines.
Consulting and Service License
Activities allowed: Offering consulting services in management, finance, investment, legal issues, labor relations, economics (including feasibility studies), industrial development, marketing, and related subjects. Other services include logistical support such as: restaurants or food outlets, catering services, travel agencies, leisure and social activities, insurance, cargo & freight forwarding, accounting, and audition services.
Commercial - General Trading License
A General Trading License can be obtained under a Commercial License, which allows for more than seven product lines.
A UAE Free Zone Company can be established in the following ways:
A branch of an existing company
Foreign Branch - A foreign affiliate that is legally a part of a firm residing outside of the UAE
Local Branch - A domestic affiliate that is legally a part of a firm residing in the UAE
A new establishment
Free Zone Company - A new business entity which is owned by 2 – 5 partners
Free Zone Establishment - A new business entity with a sole business owner
Such companies can be owned 100% by foreign investor with no involvement of local partner or sponsor.
A UAE Free Zone company offers the following incentives to investors:
• 100% foreign ownership.
• No corporate taxation for 50 years – a concession that's renewable.
• Freedom to repatriate capital and income in totality
• No personal income tax.
• Full exemption from import duties.
• No currency restrictions
• No bureaucratic red-tape.
• No recruitment problems.
• Modern efficient communication
• State of the art infrastructure.
• Abundant energy.
• Attractive working environment.
• Owned premises on leased land can be mortgaged.
Types of Licenses:
Industrial License
Activities allowed: Import raw materials, manufacturing, processing, assembling, packaging, and exporting finished products.
Commercial License
Activities allowed: Import, export, distribution, consolidation, storage or warehousing of items specified on the License. Maximum limit is seven similar product lines.
Consulting and Service License
Activities allowed: Offering consulting services in management, finance, investment, legal issues, labor relations, economics (including feasibility studies), industrial development, marketing, and related subjects. Other services include logistical support such as: restaurants or food outlets, catering services, travel agencies, leisure and social activities, insurance, cargo & freight forwarding, accounting, and audition services.
Commercial - General Trading License
A General Trading License can be obtained under a Commercial License, which allows for more than seven product lines.
Vithul V Murali
Dubai Mobile : +971 50 55 73 538
Email : Vithul@a2zconsultus.com
Dubai Mobile : +971 50 55 73 538
Email : Vithul@a2zconsultus.com
Skype :
Vithul.murali
Offshore Company in UAE within 48 Hours | Business setup | Company formation | Free Zone Formation | Offshore formation |
As a Registered Agent of
the Government Authorities we will be responsible for submitting the
incorporation documents to the Registrar. The applicant does not need to be
physically present for the incorporation. Our registered office address can be
used as the UAE Offshore Company registered address.
Application/Request Form
Documents (see below)
Payment
Individual Shareholder and Individual Director
Documents (see below)
Payment
Individual Shareholder and Individual Director
Request Form (in original);
Passport Copy of each director and shareholder;
Bank Reference Letter (recent -less than a year, in original and in English) of each director and shareholder;
Utility Bill/Proof of Residence (in original) of each director and shareholder.
Individual Shareholder and Corporate Director
Request Form (in original);
For Individual Shareholder:
Passport Copy of each individual shareholder;
Bank Reference Letter (recent -less than a year, in original and in English) of each individual shareholder;
Utility Bill/Proof of Residence (in original) of each individual shareholder;
For Corporate Director:
Board Resolution regarding acceptance to act as a director of the new company (in original);
Copy of License or Incorporation Certificate of the parental company issued by the Chamber of Commerce or any other body;
c) Copy of the MOA of the parental company;
d) Passport copy of the directors and shareholders;
e) Bank Reference Letters (recent -less than a year, in original and in English) for the directors and shareholders.
• Individual Director and Corporate Shareholder
-- Request Form (in original);
-- For Individual Director:
a) Passport Copy of each individual director;
b) Bank Reference Letter (recent -less than a year, in original and in English) of each individual director;
c) Utility Bill/Proof of Residence (in original)of each individual director;
-- For Corporate Shareholder:
a) Board Resolution from the parental company in its letterhead for appointment of shareholders and directors (in original);
b) Copy of License or Incorporation Certificate of the parental company issued by the Chamber of Commerce or any other official body;
c) Copy of the MOA of the parental company (copy);
d) Passport copy of the directors and shareholders;
e) Bank Reference Letters (recent -less than a year, in original and in English) for the directors and shareholders;
• Corporate Director and Corporate Shareholder
-- Request Form (in original);
-- Board Resolution from the parental company in its letterhead for appointment of shareholders and directors respectively (in original);
-- Board Resolution regarding acceptance to act as a director of the new company (in original);
-- Copy of License or Incorporation Certificate of the parental company issued by the Chamber of Commerce or any other body;
-- Copy of the MOA of the parental company;
-- Passport copy of the directors and shareholders;
-- Bank Reference Letters (in original and in English) for the directors and shareholders
Vithul V Murali
Dubai Mobile : +971 50 55 73 538
Dubai Mobile : +971 50 55 73 538
Skype :
Vithul.murali
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