Setting up a Freezone company
Freezones also known as Free Trade Zones, are designated areas in the United Arab Emirates where local and foreign businesses can establish themselves. They provide a favorable business environment with specific regulations and tax incentives aimed at attracting investors
Features of Freezones:
- Accessibility: In the UAE, there are over 50 free zones in the United Arab Emirates, each hosting a large number of businesses.
- Establishment Conditions: The formation of a company in Freezone is accessible to everyone for a registration fee.
- International Trade: Companies in Freezone have the right to trade with other companies in the same zone, as well as with international partners.
- Registration and Certificate: A Freezone company is registered with the Chamber of Commerce and obtains a license which is subject to yearly renewal.
Example of a concrete case of establishing a Freezone company
FAQ
Yes, a Freezone company allows you to own 100% of the shares.
A Freezone company allows you to invoice worldwide, including in the Emirates.
It is possible to have multiple business activities under a single company.
A simple domiciliation is sufficient to establish a Freezone company. There is no need for a physical office space.
Yes, it is possible to create the company remotely.
Opening bank accounts allows you to open multi-currency accounts, benefit from an international bank card, and have an online banking platform to manage your operations remotely.
All companies are subject to a 9% corporate income tax. In some cases, you may benefit from a zero tax rate. However, there is no personal income tax.
Yes, a Freezone company has a license that needs to be renewed annually.
There is no requirement to deposit the share capital.
You can create a company, obtain a resident visa, and continue living in your current country. However, you must visit once every 183 days to maintain your residency.
Yes, if you meet the necessary conditions.
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Benefits of Freezone Companies
Entrepreneurs benefit from 100% ownership of their company, which is particularly attractive for expatriates and foreign investors.
Freezone companies benefit from reduced corporate taxes and no income taxes, making them fiscally advantageous.
Setting up a business in a Freezone is simple and fast, requiring few documents and efficient procedures.
Freezone companies can obtain residence visas for their employees and executives.
Thank you, I was able to establish my company in the United Arab Emirates with confidence. Their expertise and professionalism made the process straightforward and efficient.
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