A large portion of our business consists of the formation of business entities within the various free zones within the UAE. There are a number of free zones within the UAE and business entities that are operating within them are not subject to the many of the restrictions imposed by the Commercial Companies Law. Free zone companies entities are 100% foreign owned and are considered as a legal entity with a LLC status.
The business's activities determines which free zone the company should be incorporated, since each free zone has its own specialization and different areas of business. TECOM is intended for design, Information Technology, E-commerce and Media whereas JAFZA mainly focuses on import and export.
We are authorized agents that can operate in the following Free Zones:
- Ajman Free Zone Authority (AFZA).
- Dubai Airport Free Zone.
- Dubai Gold and Diamond Park.
- Dubai International Financial Center (DIFC).
- Dubai Internet City (DIC).
- Dubai Media City (DMC).
- Dubai Multi Commodities Centre (DMCC/JLT)
- Dubai Silicon Oasis (DSO).
- Dubai Studio City.
- Fujairah Creative City Company.
- Hamriyah Free Zone (HFZA).
- Jebal Ali Free Zone (JAFZA).
- Knowledge Village.
- Media Production Free Zone.
- Ras Al Khaimah Free Trade Zone (RAK Free Trade Zone).
- Sharjah Airport International Free Zone (SAIF Zone).
- Free Zone Company (FZC),
- Free Zone Establishment (FZE), or
- Branch office of a Foreign or Local Company.
A company approved to operate within a free zone must have a minimum of two (2) shareholders and is granted one of the following types of licenses: Industrial, National Industrial, Service or Trading. These licenses are renewed annually as long as the company holds a valid lease agreement within the designated free zone.
Free zone companies are permitted to operate within the free zone and outside of the UAE. However, a free zone license does not allow a company to directly service the domestic market.
A minimum capital is required however the amount varies from one free zone to another.Free Zone Establishment
A free zone establishment only has one shareholder and is an independent legal entity. A minimum capital is required and this represents one share. The capital amount varies from one free zone to another and the liability of the establishment will be limited to the amount of the capital paid.Branch of a Foreign or Local Company
A branch of a foreign or local company has limited administrative formalities and is essentially deemed a marketing and sales office.Benefits of a Free Zone Company A company established in a free zone can benefit in several ways:
- 100% Foreign Ownership.
- 100% repatriation of capital and profits.
- Exemption from all import duties.
- Freedom from corporate taxation.
- High level of administrative support from Free Zone authorities.
- No currency restrictions.
- Simple and efficient recruitment procedures.