Free Zone Company Formation
Advantages of UAE Freezone Company
• 100% foreign ownership.
• No corporate taxation for 50 years – a concession that's renewable.
• 100% repatriation of capital and profits
• No personal income tax.
• Full exemption from import duties.
• No currency restrictions
• No bureaucratic red-tape.
• Efficient recruitment procedures ensuring the availability of a skilled and experienced workforce.
• Modern efficient communication
• State of the art infrastructure.
• Abundant inexpensive energy.
• Attractive working environment.
• Owned premises on leased land can be mortgaged.
• A high level of administrative support
Main features of UAE FREEZONE COMPANY
• It may have physical offices in the UAE.
• It may carry on business within the UAE through locally appointed distributors with provision
of 5% tax.
• It may obtain UAE Residency Visa.
• It may not do banking and insurance business without special license.
• It may maintain bank accounts and deposits in the UAE or worldwide.
• It is not obliged to maintain its books and records.
• It may hold shares in other UAE and worldwide companies.
Types of Licenses issued for a Freezone Company:
1. Industrial License
Activities allowed: Import raw materials, manufacturing, processing, assembling, packaging, and
exporting finished products.
2. Commercial License
Activities allowed: Import, export, distribution, consolidation, storage or warehousing of items
specified on the License. Maximum limit is seven similar product lines.
3. 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 auditing services.
4. General Trading License
A General Trading License can be obtained under a Commercial License, which allows for more
than seven product lines.
Requirements for FREEZONE COMPANY (Individual Shareholder/s)
a). Passport copy of all the partners, directors and manager.
b). Diploma copy (for Consultancy Companies)
Requirements for FREEZONE COMPANY (Company/ies Shareholder/s) and for Branch of Foreign Company.
• Copy of license / certificate of registration / certificate of incorporation – attested
• Copy of Memorandum of Association & Articles of association – attested
• Original Board Resolution calling to establish a branch. It should mention the appointment of a
legal representative / Manager/Directors
• Original Power of Attorney of legal representative / manager/directors (as mentioned in Board
Resolution)
• Passport copy of legal representative / manager/directors
Note: All above documents should be translated in English, notarized and attested / legalized through UAE Consulate in the country from which documents originate and be attested in UAE Ministry of Foreign Affairs.
FREEZONE COMPANY PACKAGE
1. Exclusive Consultancy on Company Incorporation
2. Consultancy on Corporate Affairs
3. Legalization of the Documents in the UAE
4. Memorandum of Association
5. Perform all documentation, submission and approvals from all Departments
6. Prepare and register Immigration and Labor Cards
7. Provision of the Company Stamp
8. Assisting in the Opening of the Company Bank Account