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The United Arab Emirates has many distinctive areas for establishing companies and businesses, such as Dubai, Sharjah, and others. But one of the most prominent features of business in the Emirates are the free industrial zones, or free zones. These areas offer investors, especially foreigners, many wonderful incentives and facilities in terms of establishing companies and businesses. For this reason, in the lines of this article, we will talk about UAE freezone company setup. Continue reading with us to know more details about this topic.
Why would I want to establish a company in the UAE free zones?
There are many reasons that push any investor to establish his company in the UAE free zones. Among the most prominent of these reasons we mention the following:
1- Complete customs exemption.
2- Full tax exemption.
3- Ease of registration and obtaining various licenses.
4- Great diversity of investment opportunities.
5- The ability to own 100% of the company without an Emirati partner.
6- Ease of performing the steps for establishing companies.
Requirements for UAE freezone company setup
In order to be able to establish your own company in one of the free zones in the Emirates, you will need the following documents:
1- License application form: The investor must fill out this form accurately.
2- A copy of the passport: This applies to all shareholders and founders of the company.
3- Personal photos: also of all persons contributing and participating in the founding.
4- Financial reports: These documents may be required for some companies, but not all.
5- Lease contract or business license: We mean the lease contract for the office or office space that the company will use.
6- Business plan: This plan explains the company’s goals and future plans as well.
7- Commercial Registration Form: It is not necessary for all companies, but it is very important for some.
8- Reports and other legal documents: such as shareholder agreements, legal authorizations, etc., which are binding on some companies only.
Steps for UAE freezone company setup
In order to be able to establish your own company in the UAE free zones, you must follow the following steps:
1- Choosing the appropriate free zone for you, knowing that there are many free zones in more than one emirate.
2- Choosing the nature of work for the company. This step will help you choose the appropriate commercial license, determine the appropriate location, and calculate the estimated budget.
3- Determining the legal form of the company. Which depends mainly on the nationality of the employer, in addition to the type and nature of the company’s work.
4- Choosing and registering the trade name. This name must be compatible with the nature of the company’s work, and must take into account all conditions related to the selection process according to the laws of the UAE.
5- Obtain initial approval. You must obtain this document in order to be able to complete the following steps.
6- Choosing a business location and concluding the articles of incorporation. Knowing that the UAE provides a lot of wonderful office spaces that can be used, especially for foreign investors.
7- Additional approvals. Some companies may be required to obtain additional approvals from some ministries or government agencies.
8- Obtaining the commercial license. This means choosing the appropriate commercial license for the business, and then extracting and activating this license.
Investment opportunities in free zones
Free zones allow you to work in many different fields, and among the most prominent of these fields we mention to you:
1- International Trade.
2- Technical and innovative field.
3- Real estate and infrastructure.
4- Creative industries.
5- Agriculture.
6- Food.
7- Tourism and hospitality.
8- Manufacturing.
9- Financial services.
10- And many more.
Tdabeer company is your best choice
Thanks to its distinguished staff, Tdabeer Company works to provide many important services to investors in the UAE. The most prominent of these services is assistance in all the necessary steps to establish companies and businesses within the Emirates. This is in addition to assistance in obtaining commercial licenses, opening bank accounts, consulting services, and much more. Join our list of clients to benefit from our services as quickly as possible, and quickly implement your investment dreams with us in the Emirates.
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