With TaxFillingIndia, you may easily register a free-zone company in the United Arab Emirates (U.A.E.) from India. Our advisors can effortlessly incorporate a business in the United Arab Emirates (U.A.E.) and finish the procedure in less than a week thanks to their offices in India and the U.A.E.
With a broad range of business registration services, including L.L.P. registration, private limited company registration, and one-person company registration, IndiaFilings leads the Indian industry in firm registration services. In under two weeks, IndiaFilings can assist you in registering a free-zone company in the United Arab Emirates. Make an appointment with an IndiaFilings Advisor to receive a complimentary consultation regarding free-zone company setup and U.A.E. or Dubai company registration.
Business Setup in the United Arab Emirates
United Arab Emirates Business EstablishmentMiddle Eastern nation known as the United Arab Emirates (U.A.E.) or simply the Emirates. Umm Al Quwain, Abu Dhabi, Dubai, Ajman, Fujairah, Ras Al Khaimah, Sharjah, and Fujairah make up the United Arab Emirates (U.A.E.). The majority of people in the United Arab Emirates are expatriates; of the 1.4 million Emirati citizens, 7.8 million are expatriates.
With stable political and economical conditions, the United Arab Emirates presents a strong and favourable corporate environment. According to the World Bank Group’s Doing Business 2017 Report, the United Arab Emirates is now ranked as the 26th best country in the world for doing business.
U.A.E. Free Trade Zones (F.T.Z.s)
Within each emirate, a restricted geographic area is known as a free trade zone. The establishment of duty-free zones in certain zones can also result from the collective agreement of multiple countries, creating free zones. Foreign investors find U.A.E. Free Trade Zones (F.T.Z.s) to be an appealing investment destination because to the absence of federal taxes, employment restrictions, and import-export limitations on company, as well as reduced bureaucratic procedures.
The United Arab Emirates is home to around 45 free zones. In light of this, TaxFillingindia is able to suggest an appropriate Free Zone based on business circumstances, office needs, and investment capacity.
Starting a Business in a Free Zone
There are two kinds of enterprises that can be established in a UAE free zone:
- Free Zone Limited Liability Company (FZ LLC)
- Free Zone Establishment (FZE)
Free Zone Limited Liability Company (FZ-LLC)
New companies can register a Free Zone Limited Liability Company as a distinct legal entity with the Dubai Development Authority. FZ-LLC may be established by either corporate or individual shareholders. Certain requirements are imposed by the UAE on who can own a FZ-LLC. Minimum capital requirements may also be imposed by the Dubai authorities, contingent on the size and industry of the company. You can get information from TaxFillingIndia about the paperwork required to create a FZ-LLC.
Free Zone Establishment (FZE)
Being a limited liability company (LLP), Free Zone Establishment’s (FZE) obligations are restricted to the amount of capital it has paid. An FZE possesses all the rights, benefits, and abilities of an individual, and its legal personality is separate from that of its shareholder.
Advantages of Business setup in U.A.E. free zones
- 100% foreign ownership
- 100% repatriation of capital and profits
- 100% free transfer of funds
- 100% exemption from import and export duties
- There are no currency restrictions
- Low freight charges
- Establishing a business in one of the U.A.E.’s Free
- Trade zones may draw in outside capital.
- It takes less time to incorporate a business in a free zone than it does to incorporate a business outside of a city.
- Low-cost labour force and simple hiring processes
- possibilities for a 25-year lease, production space availability, warehousing capabilities, assembly capabilities, etc.
- Effective communication and single-window services
- Low-cost labour force and simple hiring processes
- Liberal laws and government policies
- Cheap and plentiful energy
Some of the Most Progressive and Advanced Free Zones in the U.A.E
Here is a brief overview of some of the United Arab Emirates’ most progressive and advanced free zones for your reference.
Abu Dhabi Free Zone
One of the richest and fastest-growing marketplaces in the world is Abu Dhabi. Abu Dhabi is a great option for entrepreneurs looking to launch a company in the Middle East. Establishing a firm in Abu Dhabi only takes a few days, and the emirates have straightforward commercial procedures and conventions. Abu Dhabi has a number of free zones, including:
- Khalifa Industrial Zone (KIZAD)
- Abu Dhabi Global Market Free Zone
- Abu Dhabi Airport Free Zone (ADAFZ)
- Masdar City Free Zone
Dubai Free Zone
Government agencies known as the Dubai Free Zone Authorities are in charge of managing the registration procedures and granting business licences to offshore or non-resident firms so they can establish operations in the free zone. Establishing a company in the Dubai Free Zone offers endless opportunities for networking, teamwork, and increased company expansion. Dubai is the preferred destination for investors looking to launch a business due to its alluring tax structure and the plethora of benefits provided by free zone authorities. Here is a list of a few of Dubai’s free zones:
- Dubai Design District
- Dubai Airport Free Zone
- Dubai Metal and Commodities Centre
- Dubai Humanitarian City
- Dubai Silicon Oasis
- Dubai Investment Park ( only through JAFZA )
- Dubai Internet City
- Jebel Ali Free Zone
- Dubai Healthcare City
- Dubai Media City
- Dubai Studio City
- Dubai World Central
Procedure to Register a U.A.E. Free Zone Company
To start a business in any U.A.E. Free Zone, you need to complete three main steps:
- Obtain a U.A.E. business license
- Get your U.A.E. Residence Visa
- Open a corporate bank account
Select a License Type and Business Activity
To operate in a U.A.E. free zone, a corporation needs to have a business licence. Every business licence has a one-year expiration date from the date of issuance and needs to be renewed every year.
The maximum number of activities that can be added to a single licence varies depending on the Free Zone. All Free Zones, however, are subject to the general rule that no commercial activity and service activity may coexist during a single appointment.
- Anything related to trading needs to be covered by a trading or commercial licence.
- A service licence is required in order to provide consultations or services.
- An industrial licence is necessary if you intend to create anything.
Select a Corporate Structure
The following options are possible for the company structure:
- A novel business with a single shareholder
- A subsidiary business that has one or more corporate shareholders
- A joint venture, with both corporate and individual investors
- A local or foreign company’s branch
Select Trade Name and Prepare Documents
Arrange the alternatives for the firm name in order of preference and compile the list of papers that the selected Free Zone needs.
The typical set of paperwork for forming a new corporation comprises the following:
- I.D. (if applicable)
- O.C. for U.A.E. Residents (for specific Free Zones)
- Proof of residential address
- Professional CV.
Sign Legal Documents for Company Incorporation
The company name, the selected business activity, and the suggested company structure are often approved at the outset.
A face-to-face meeting with a Free Zone official will be scheduled following the initial approval. The shareholders’ or U.B.O.s’ passports will be verified during the meeting, and documents such the Articles of Association (A.O.A.), Board Resolution, and Specimen Signature Form will be signed.
Establish Business Location
You must locate a commercial property for your business within the designated Free Zone in order to proceed to the last licencing stage. After deciding on a good option, you have to get the Ejari Certificate and sign a tenancy contract that will last at least a year. Based on what your licence will be granted with the address from your Tenancy Contract, both must be given to the Free Zone.
Depending on the type of facility (flexi-desk, business centre office, physical office, warehouse, retail space), additional documentation may be needed.
Collect Business License
All approvals are received, all payments are made, and the registration forms are signed. Other corporate paperwork will be issued with the licence.
At every point throughout the establishment of a business in a U.A.E. free zone, including the creation of business plans, help with acquiring U.A.E. resident permits, opening bank accounts, providing V.A.T. advice, accounting and bookkeeping, and full administrative support, IndiaFilings is available to support entrepreneurs.