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Freezone Company setup

what is free zone?

Gain admittance to the most noteworthy propelled framework, definite destinations, broadcast communications, truly moderate assets and a lot more in UAE free zones to contribute for an effective business setup. We at DDCS, are eager to help you setting up a successful business in UAE Free zones.

Freezone or Free Economic Zone

 

Do you need a business setup in UAE with complete proprietorship opportunity? Welcome to the freezone UAE complete guide. In the wake of perusing this data bundle you will probably settle on a strong choice for setting up your business in UAE.

 

There are two principle parts working behind the UAE economy: “onshore” and “offshore”. Free monetary zones are assigned by applicable experts where organizations can be 100% possessed by the outsiders and they don’t require a 51% local sponsor. On the off chance that you are ready to setup a business and you are an outsider, we prescribe you to go for one of given freezones.

 

Free financial zones enabled organizations to work in UAE and run their activities with opportunity remaining in their freezone where their organization is enrolled. The first UAE free zone organization wound up evident in 1985.

what is free zone?

There are three categories of free zones: seaport free zones, airport free zones, and mainland free zones. There are so many freezones across Dubai, Abu Dhabi, Sharjah, Fujairah, Ajman, Ras al-Khaimah and Umm al-Quwain. Dubai alone has more than 30 free zones.

The objective of free trade zones or economic zones is to offer tax concessions and custom duty benefits to attract the foreign investors.

If we talk about one freezone that is recognized globally as best freezone it is DMCC. There are 10,000 businesses registered only in this zone and winning their goals efficiently.

All zones provide specific help for the particular industry. The interesting part is that now free zones have changed their strategies and have opened their doors to multiple industries.

List and Cost Of Freezone Company Setup In UAE

1. Ajman Free Zone

2. Ajman Media City Free Zone

3. Sharjah Media City Free Zone

4. Fujairah Creative City Free Zone

5. International Free Zone Authority Fujairah (IFZA)

6. Hamriyah Free Zone Sharjah

7. UAQ Free Zone

8. Dubai AirPort Free Zone (DAFZA)

9. Jebil Ali Free Zone

10. DMCC

11. Dubai Media City

12. DWC

freezone vs offshore

Do you have difficulty in differentiating between freezone and an offshore company? This is not your fault. Both the companies can be 100% owned by a foreigner. Both companies are registered by Free Zone Authorities. Both companies get 100% corporate and personal income tax, import and export tax exception.

Setting up business in UAE requires a complete knowledge about the difference between Free Zones and Offshore. Let’s make it easy for you. Free Zone Company is a company that can operate business within UAE while an offshore company is not allowed to work within the region.

freezone Advantages

• Ownership: You own your company 100%

• Freedom: No Taxation

• Sponsorship: No sponsorship of a UAE citizen is required

• Custom Duties: your imports and exports both are duty free

• Residency Visa: Business partners or shareholders and employees can have UAE residency visas

• Workforce: Very affordable workforce availability

• Work Timing: Free Zone company can operate its functions 24 hours

• No personal income tax, capital gain tax and corporate tax

• Restriction free money transaction

• Easiest and fastest procedure to register a business or company

• Setting up business at low cost is possible

• Employees visas process is easy and restrictions free

• Clear and Secure rules regulations

• Affordable skilled professionals availability

• A complete infrastructure with unquestionable communication system

• Business support and other additional services available

• Best working locations and perfect working environments

 

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