advantages of free zone companies in uae | business setup | company formation | free zone formation...
TRANSCRIPT
Advantages of Free Zone Companies in UAE | Business setup | Company formation | Free Zone Formation | Offshore formation | Type of Entity:
A UAE Free Zone Company can be established in the following ways:
A branch of an existing company
Foreign Branch - A foreign affiliate that is legally a part of a firm residing outside of the UAE
Local Branch - A domestic affiliate that is legally a part of a firm residing in the UAE
A new establishment
Free Zone Company - A new business entity which is owned by 2 – 5 partners
Free Zone Establishment - A new business entity with a sole business owner
Such companies can be owned 100% by foreign investor with no involvement of local
partner or sponsor.
A UAE Free Zone company offers the following incentives to investors:
• 100% foreign ownership.
• No corporate taxation for 50 years – a concession that's renewable.
• Freedom to repatriate capital and income in totality
• No personal income tax.
• Full exemption from import duties.
• No currency restrictions
• No bureaucratic red-tape.
• No recruitment problems.
• Modern efficient communication
• State of the art infrastructure.
• Abundant energy.
• Attractive working environment.
• Owned premises on leased land can be mortgaged.
Types of Licenses:
Industrial License
Activities allowed: Import raw materials, manufacturing, processing, assembling, packaging,
and exporting finished products.
Commercial License
Activities allowed: Import, export, distribution, consolidation, storage or warehousing of
items specified on the License. Maximum limit is seven similar product lines.
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 audition services.
Commercial - General Trading License
A General Trading License can be obtained under a Commercial License, which allows for
more than seven product lines.
Vithul V Murali MBA
Asst. Vice President | ADAM Global
Dubai Mobile : +971 50 55 73 538
Email : [email protected]
Skype : Vithul.murali