A Free Trade Zone is a specific territory with a special legal status and favorable economic conditions for the business operation. Company registration in Free Trade Zone UAE implies a registration of fully-fledged residential companies eligible for doing business on the UAE territory, which have visas and a 100% foreign ownership without any limitation on shareholders’ citizenships and residency.
The economic development of the United Arab Emirates (UAE) and the attraction of the foreign business investment has given a major positive impact on the development of the Free Trade Zones in UAE. At present, there are more than 30 Free Trade Zones on the territory of UAE. The infrastructure and diverse propositions of the Free Trade Zones open a multitude of business perspectives and opportunities.
Company registration in Free Trade Zone UAE – the main advantages:
- No taxation on companies having tax residential status in UAE.
- 100% foreign ownership of the company
- Unlimited capital movements
- No limitations on capital repatriation
- No customs duties on import and export of goods in and from FTZ UAE
- Flexible management of the company in the Emirates without having to worry that the company might fall into the position of having to pay taxes
There is an array of diverse legal forms for the companies working in the United Arab Emirates (UAE). The most popular and frequently met amongst those are Free Zone Company (FZC) and Free Zone Establishment (FZE). When registering those types of companies, it is possible to register a legal entity on its own or a branch of a foreign company. The forms FZE or FZC remain the same.
Company registration in Free Trade Zone UAE implies company’s license for the particular business activity. The issued licenses are divided into three main types:
There are certain types of activities which cannot be performed on the territory of UAE. Some activities also require further approvals and permissions by various ministries and authorities of the United Arab Emirates.
Using our services for the registration of companies in Free Trade Zones UAE, you will substantially save your costs and your valuable time. You will also avoid hardships and mistakes which could prove detrimental to your business.
Unlike the offshore companies in UAE which are isolated from the local market, the onshore companies registered in the Free Trade Zones have the possibility to work inside UAE and abroad.
In other states, companies that are exempt from taxation have little chances to act within the local market. This is owing to the tax privileges companies have. Such companies may destabilize the local customs, currency and tax legislations and for that reason they are not allowed to act within the local market. Apart from that, the offshore company terminology on its own implies registering a company in one country and doing business in another.
Advantages of onshore company in Free Trade zone of UAE – the onshore companies registered in FTZ UAE, which are exempt from taxes, have virtually no limitation. This is due to the same level of taxation of companies registered in FTZ UAE and in the main territory of the Emirates and also due to the internal country’s regulations.
The main advantages of onshore company in Free Trade zone of UAE is no taxation even though it is not an offshore company, then the 100% foreign ownership and the opportunity to operate company’s business on the territory of the Emirates and from abroad.
Company registration in Free Trade Zone UAE, additional information.
Companies which got license in a free trade zone sometimes have no access to the local market when doing certain business activities. However such companies may act on the local market with the help of local distributors or agents, who work within the local market of UAE and represent company’s interests registered in FTZ UAE.
The companies working in FTZ UAE, are obliged to prepare the annual audit. This rule implies to virtually all companies of that type with a few exceptions.
The licenses issued in FTZ UAE, have the validity period of one year and will be renewed annually. The license’s renewal process and the audit preparation can be done by our company.
For many FTZ in UAE it is mandatory to put share capital on the company’s bank account. After the registration is finished and the license is issued, the share capital can be used as means for the company’s business. The share capital requirements may change depending on the respective Free Trade Zone.
Company registration in Free Trade Zone UAE
– list of our services.
- A full analysis of client’s requirements
- Selection of a free trade zone suitable for the client’s purposes
- Specialists recommendations for choosing the suitable legal type of company
- Preparation of all documents for the registration in FTZ UAE.
- Company registration in FTZ UAE
- Obtaining residential visas for the owners, directors and company’s employees.
In the last decades, the advantages of onshore company in Free Trade zone of UAE attract more and more investors from across the world. Multitude of foreign investors, having organized their business on the UAE territory and invested substantial financial assets in this country have ensured an active development of the existing and new Free Trade Zones. This kind of development attracts new investors. For that reason, the number of foreign investors in UAE grows rapidly. It is no secret nowadays that the company registration in Free Trade Zone UAE, is not only the optimization of taxes and other expenses, it also means more perspectives for business development.
If you have questions regarding company registration in Free Trade Zone UAE, feel free to contact our specialists and you will get a free consultation.