UAE Freezone Company Formation
Choosing to form a business in the UAE is a strategic decision, however, preparing the setup is even more important. If you are a business person seeking access to 100% ownership of your business as well as full tax exemptions, then the UAE Freezone Company Formation is the most attractive option, as well as clear for ease of setup and processing your business activities. RBS Auditors are specialists in guiding the free-zone company formation process, we will ensure that your setup is easy, smooth and compliant – all according to your requirements.
UAE Freezone Company Formation with RBS Auditors
The free zone in the UAE is a political maneuver to attract foreign investment that comes along with numerous incentives:
- 100% Ownership: You can own your business, you don’t need to have a local partner.
- Tax Incentives: You can have 0% corporate tax and no personal income taxes which allows you to keep all the profits.
- Adequate Location: It’s a convenient location with access to the international market, with major ports and airports nearby.
- Streamlined: The free zone offers an easy licensing process with a streamlined ongoing business through visa issuance.
As a result of these benefits, free zones offer a viable pathway for start-ups and existing businesses looking to grow.
RBS Auditors: Your Trusted Partner
At RBS Auditors, we have an extensive knowledge of the UAE’s regulatory framework and enjoy working with our clients. Our services encompass:
- Advisory/Consultancy: Advising on the appropriate Freezone and Company structure suitable for your business.
- Documentation & Licensing: Help with preparation and submission of all forms and documents for obtaining trading licence.
- Visa Services: Help for investors and employees to obtain residence visa in the UAE.
- Opening Bank Account: Help open company bank account with high-street names.
- Continued Compliance Advisory: Keep your business compliance updated with local laws and local regulations.
Our customer-focused practice ensures your company set-up is timely, accurate and aligned with your business vision.
Best Free Zones to set up a Company
The UAE has several free zones to serve different industries and business purposes:
Dubai Multi Commodities Centre (DMCC)
For trading and commodities
businesses.
Jebel Ali Free Zone (JAFZA)
Ideal for companies specializing in logistics and manufacturing.
Dubai Airport Freezone (DAFZ)
Ideal for aviation, logistics, and IT industries.
International Free Zone Authority (IFZA)
Suitable for small and medium-sized businesses, as it provides value-for-money packages.
RAKEZ (Ras Al Khaimah Economic Zone)
Offers affordable and flexible solutions for all sectors. Each free zone is different, and making the perfect choice is vital to your business.
Procedure to Set Up Your Freezone Company
- Select the Free Zone: Choose your zone based on the business type and business goals.
- Select the Legal Structure: Choose the jurisdiction and business entity type, for example, Free Zone Limited Liability Company (FZ LLC) or Free Zone Establishment (FZE).
- Choose a Company Name: Choose an original name that meets the UAE naming conventions.
- Business License Application: Complete all documentation to obtain your trade license.
- Lease Office Space: The lease options and terms will depend on the free zone you chose, but will usually include options such as flexi-desks or full office space.
- Obtain visas and Bank Accounts: Assistance obtaining necessary visas to facilitate residence in the UAE will allow me to open a bank account in the name of the company.
- Compliance: Keep your business in good standing via compliance.
Frequently Asked Questions (FAQs)
A Freezone Company is a company registered within a unique Freezone in the UAE, which provides various benefits, such as 100% foreign company ownership and tax benefits.
The duration of the overall registration process varies, and can be anywhere from a couple of days to a couple of weeks, depending on the type of business and the free zone.
Freezone companies can usually conduct their business activity only within the freezone. However, some options like dual licensing will allow limited trading or operations outside the freezone.
Not really, at RBS Auditors, we take a lot of care to be transparent with the costs and next steps; we have also provided a separate line for fees associated with the company formation.
No, one of the major benefits of Freezone is that you have the benefit of 100% of their new venture without having to pay a local sponsor anything.
Ready to Kickstart Your Business?
Partner with RBS Auditors to confidently navigate the UAE Freezone Company Formation process. Our expertise and customer-centric approach enable us to get your business up and running swiftly, legally, and precisely as you envision.