Advantage to set up your business in free zone UAE.

Looking to expand your business overseas? Consider the myriad benefits of setting up a business in free zone in the United Arab Emirates (UAE). With more than 40 multidisciplinary free zones, the UAE offers unparalleled advantages for foreign investors.

Here’s why you should consider this strategic move

There are multiple advantages to set up your business in free zone UAE, let’s see some of them:

• 100% Foreign Ownership: Enjoy complete control over your business without the need for local sponsors or partners.
• 100% Repatriation of Capital and Profits: Effortlessly transfer your capital and profits back to your home country without restrictions.
• Fast and Easy Business Set-up Procedure: Experience a streamlined process for establishing your company, minimizing bureaucratic hurdles.
• Business Execution within & outside UAE: Seamlessly conduct business activities both within the UAE and internationally.
• Numerous Options at Competitive Costs: Choose from a variety of free zones, each offering competitive costs tailored to your business needs.
• 100% Exemption from Corporate and Income Taxes: Enjoy significant tax benefits within designated free zones, enhancing your profitability.
• 100% Exemption from Customs Duty: Benefit from duty-free import and export of goods, reducing operational costs.
• Independent Laws and Regulations: Operate under free zone regulations, providing flexibility and autonomy for your business operations.
• Easy Regional, Global Market Access: Leverage the UAE’s strategic location for convenient access to regional and global markets.
• Modern and Sophisticated Infrastructure: Utilize state-of-the-art facilities and infrastructure to support your business growth.

Ready to establish your presence in a free zone in the UAE?

Follow these steps:

1. Choose the Right Free Zone: Choose the Free Zone that aligns with your business activities and goals. Each Free Zone may have specific industry focuses, and it’s essential to pick the one that suits your business needs.
2. Select the Right Business Activity: Decide on the legal structure of your company. Common options include Free Zone Company (FZCO), Free Zone Establishment (FZE), and branch office. The choice depends on whether you’re a single owner, multiple owners, or a foreign company looking to establish a presence.
3. Trade Name Registration: Submit a trade name reservation request to the chosen Free Zone authority. The name should align with the Free Zone’s naming conventions and be unique.
4. Submit the License Application: Prepare the required documents and submit your license application to the Free Zone authority. Typical documents include a business plan, passport copies of shareholders and managers, and other relevant documentation.
5. Secure Office Space: Secure physical office space within the Free Zone. The size and type of office space required may vary depending on the Free Zone’s regulations.
6. Payment of Fees: Pay the necessary registration and licensing fees to the Free Zone authority. These fees may include the initial registration fee, license fee, and visa fees for company shareholders and employees.
7. Immigration and Visa Processing: Apply for residence visas for the company’s shareholders and employees. Each Free Zone may have specific requirements and quotas for visas.
8. Open a Corporate Bank Account: Facilitate business transactions by opening a corporate bank account in the UAE.
9. Ensure Compliance: Ensure ongoing compliance with the Free Zone’s regulations, including annual renewal of your business license, submission of financial statements, and adherence to any specific operational requirements.

Choose Safari Star

Navigating the diverse landscape of free zones in the UAE requires careful consideration and professional guidance. At Safari Star, we specialize in providing tailored support to entrepreneurs establishing their businesses in the UAE.

Contact us today for expert assistance on your entrepreneurial journey.