Free Zone Company Setup

Free Zone Company Setup in UAE

Setting up a company in one of the UAE’s free zones is a popular choice for entrepreneurs and investors due to the numerous benefits it offers. At AVSC Consultancy, we provide expert guidance and comprehensive services to help you navigate the process of establishing your free zone company smoothly and efficiently.

Why Choose a Free Zone Company Setup?

100% Foreign Ownership

Unlike mainland companies, free zone companies can be fully owned by foreign investors without the need for a local sponsor.

Tax Benefits

Free zone companies enjoy complete exemption from corporate and personal income taxes.

Repatriation of Profits and Capital

Full repatriation of profits and capital is allowed, making it easier for investors to manage their returns.

Custom Duty Benefits

Exemption from import and export duties for goods and services within the free zone.

Simplified Processes

Streamlined company registration processes and efficient business setup procedures.

Strategic Location

Access to world-class infrastructure, logistics, and a strategic location connecting to global markets.

Modern Facilities

Availability of state-of-the-art office spaces, warehouses, and other facilities.

Business Support Services

Access to a wide range of business support services, including legal, financial, and administrative assistance.

Steps to Set Up a Free Zone Company in UAE

1

Choose the Right Free Zone

Select a free zone that aligns with your business activities and goals. The UAE has over 40 free zones, each catering to specific industries and sectors.

2

Determine Business Activity

Define your business activities to ensure they are permitted within the chosen free zone.

3

Select a Company Name

Choose a unique company name that complies with the naming guidelines of the free zone authority.

4

Submit Application

Complete and submit the application form along with the required documents to the free zone authority.

5

Obtain Approvals

Obtain the necessary approvals from the free zone authority and other relevant regulatory bodies.

6

Lease Office Space

Lease a suitable office space within the free zone. Some free zones offer flexible office solutions like virtual offices and shared workspaces.

7

Collect Business License

Once all approvals are obtained and fees are paid, collect your business license from the free zone authority.

8

Open a Bank Account

Open a corporate bank account in a UAE bank to manage your financial transactions.

8

Visa Processing

Apply for residence visas for yourself and your employees through the free zone authority.

Required Documents for Free Zone Company Setup

Passport copies of shareholders and directors
Passport-sized photographs of shareholders and directors
Proof of residence (e.g., utility bill)
Business plan
No objection certificate (NOC) from the current sponsor (if applicable)
Memorandum of Association (MOA) and Articles of Association (AOA)
Bank reference letter

Types of Free Zone Licenses

Trading License

For companies engaged in trading activities such as import, export, and distribution of goods.

Service License

For businesses providing services such as consultancy, IT, and professional services.

Industrial License

For companies involved in manufacturing, production, and industrial activities.

E-commerce License:

For businesses conducting online trading and e-commerce activities.

Freelance Permit

For individuals offering freelance services in specific sectors like media, technology, and education.

Popular Free Zones in the UAE

Regulations and Compliance

Economic Substance Regulations (ESR)

Free zone companies must comply with ESR requirements to demonstrate substantial economic activities in the UAE.

Ultimate Beneficial Owner (UBO) Regulations

Companies are required to disclose the ultimate beneficial owners to enhance transparency and combat money laundering.

Anti-Money Laundering (AML) Regulations

Adherence to AML regulations is mandatory to prevent financial crimes and ensure regulatory compliance.

Value Added Tax (VAT)

Free zone companies involved in trading or service activities within the UAE must register for VAT and comply with VAT regulations.

How AVSC Consultancy Can Help

Expert Guidance

Our team of experienced consultants will guide you through every step of the free zone company setup process.
Document Preparation

We assist in preparing and organizing all required documents for a hassle-free application.
Liaison with Authorities

We handle all communications with free zone authorities and regulatory bodies on your behalf.
Office Space Solutions

We help you find and lease suitable office space within your chosen free zone.
Bank Account Opening

Assistance in opening a corporate bank account to manage your financial transactions.
Visa Processing

End-to-end support for processing residence visas for you and your employees.
Ongoing Compliance

We ensure your business remains compliant with all regulatory requirements, including ESR, UBO, AML, and VAT.

Get a Free Consultation

Would you like to speak to one of our business consultants in the UAE for setting up a business in a free zone? Submit your details, and we will get in touch with you shortly! We are a leading consultancy in Dubai.

Free Zone Company Setup