Incorporating Company in Free zone
New businesses registered in a free zone in Dubai have a cost-effective and tax-efficient platform for businesses which are conducting international transactions.
Overview
What is a Free Zone company in Dubai?
Free Zones, also known as ‘Free Trade Zones’ or ‘Free Zone Authority’ are areas wherein goods and services can be traded. The reason one would prefer a Free Zone company in Dubai over the others is that the free trade zone attracts 0% tax while having preferential custom duty rates and adding a 100% import & export tax exemption.
In case you are a privacy-intended entrepreneur, this zone would be the best bet as there is 100% foreign ownership without any open directory that propagates your company details publicly.
Method to register a uae free zone company
Registering a Free Zone Company allows its stakeholders i.e. shareholders, top management or employees to obtain a UAE residency. The setup process for a Free zone company is simple and can be formed within a fortnight. There are more than 40 Free Zone options available for one to register a Free Zone Company. The process includes the following 6 basic steps:
Finalizing your Business Activity
- Free Zone Establishment (FZE)
- Free Zone Limited Liability Company (FZ LLC)
The basic difference between the two is the name of the shareholders and whether the shareholder is a legal person or a natural person.
Zeroing down to a suitable Company Name
While you decide on the type of business activity, you need to choose a trading name SNC global would suggest the best out of everything. In most cases, you must check either with the respective department or free zone authority of economic development for the permitted trade names.
Bank Account Opening
For setting up a business in Dubai you would need a bank account for which we take care of everything including the documentation, bank requirement, etc.
Document Submission
Having a company in a Dubai free zone is a tricky process and our company would help clients to give the list and follow the further process.
License Notification
In case of confirmation and rejection of the UAE free zone company license, our team will inform you as soon as possible.
VISA Processing
Once the license is confirmed our team will proceed toward the formality of VISA approval.
Company formation in Dubai in a Free Zone
UAE becoming a hub for free zone companies. The establishment of a free zone business in Dubai comes along with additional benefits, it needs professional expertise. The best thing to set up a free zone business is, there are no restrictions for the owner for ownership, rather the business is regulated by an independent free zone authority.
People may find it challenging to examine the free zone which will be best for the company. We are having expert consultancy for company formation in Dubai, UAE, and could help you make the correct choice for your business. We would understand the business expectation, and budget, and analyse the probabilities, to find the best options for establishing the free zone company.
Benefits of business set up in UAE free-zone
Tax-free
100% Ownership
Easy Residence Visa
Compared to offshore company , organization owners in the free zone could apply for a free zone residence visa. Which benefits a longer vacation period of up to 3 years and the liberty for every employee’s direct family to apply for a dependent visa.
Easy Scaling
Documentation required for free zone company formation in the in Dubai
It is essential to submit all the necessary documents with the company registration application to make sure the process is free-flowing from any blockers. List of the documents required:
— Visa
— I.D. Proof
— Copy of Passport of Shareholder
— Residence Address Proof
— Entry Stamp or Visa Page
— O.C. for U.A.E Residents
Why get a free zone for a business license?
The free zone is promoted for free trade, there are over 45 free zones in the UAE which offer different business license packages from mainland Dubai , for investors globally. Being one of the top cities to do business in, Dubai’s success continues to inspire people, making it the center of attraction for global expats. SNC business advisors have been setting up a new business in Dubai for years and know every aspect. We would be happy to give you the suggestion which the client needs.
Why choose us?
We at SNC Global understand you and the type of business you want to establish and accordingly provide advice on the company structure and functionality. We also hold hands during the teething phase and provide the required administrative support while eventually taking care of your renewals as well!
Why get a free zone for a business license?
The free zone is promoted for free trade, there are over 45 free zones in the UAE which offer different business license packages from mainland Dubai , for investors globally. Being one of the top cities to do business in, Dubai’s success continues to inspire people, making it the center of attraction for global expats. SNC business advisors have been setting up a new business in Dubai for years and know every aspect. We would be happy to give you the suggestion which the client needs.
Why choose us?
We at SNC Global understand you and the type of business you want to establish and accordingly provide advice on the company structure and functionality. We also hold hands during the teething phase and provide the required administrative support while eventually taking care of your renewals as well!
We at SNC Global understand you and the type of business you want to establish and accordingly provide advisory on the company structure and functionality. We also hold hands during the teething phase and provide the required administrative support while eventually taking care of your renewals as well!
Frequently Asked Questions
What is the process to start LLC Company formation in Dubai?
LLC free zone company in Dubai follow a few simple steps:
a. Identification of the business activity
b. Registering the trade name
c. Application of initial approvals
d Drafting MoA and other agreements
e. Choose a location and a workspace
f. Submit documents and pay the fees
What benefits of doing Dubai Free Zone business setup?
Some of the major benefits of free zone companies in Dubai are:
- It has 0% corporate tax
- It offers a range of business activities
- It is a time-efficient process
- It gives full foreign ownership of the business