Company Registration in UAE Free Zones
A free zone in the United Arab Emirates is an attractive jurisdiction for investors and offers the following benefits:
- A foreign investor may own 100% of the company.
- Tax and duty exemptions.
- Permission to repatriate 100% of the capital.
A resident visa is granted to investors, employees, and their families. There is one restriction: business operations can only be conducted within the borders of the free zone in which the company is incorporated or outside the UAE. There are more than fifty free-economic zones in the United Arab Emirates. Each is governed by its own set of rules and legal authority.
Setting up a company in a free zone in the United Arab Emirates (UAE) can be a highly attractive option for investors, thanks to the many benefits that are on offer. One of the key advantages of setting up in a free zone is that foreign investors can own 100% of the company, without the need for a local sponsor or partner. This can provide investors with greater control over their business and help to simplify the registration process.
Another benefit of setting up in a free zone in the UAE is the tax and duty exemptions that are available. This can provide significant savings for businesses, as they do not have to pay corporate or personal income tax, import or export duties, or value-added tax. In addition, free zone companies are typically permitted to repatriate 100% of their capital, making it easier for investors to manage their finances and cash flow.
One key consideration for businesses looking to set up in a free zone is that there are restrictions on where business operations can be conducted. Companies must either operate within the borders of the free zone in which they are incorporated or outside the UAE. Despite this restriction, there are over fifty free-economic zones in the UAE, each with its own unique rules and legal authority, providing investors with plenty of options to choose from.