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UAE Free Zone Set UP – Virtualoffice

Some Important Facts You Should Know UAE Free Zone Set Up

If you are interested to invest in one of the most advantageous jurisdictions and also maintain your 100% ownership as well as full repatriation of capital and profits, then UAE Free Zone company formation is the best option that you should consider.

As you might know, UAE is a tax-free jurisdiction and offers three different types of companies as per their legal structure and ownership. You have the option to open a Limited Liability Company (LLC), Free Zone Entity (FZE) and Offshore Company which is also mentioned as International Business Company (IBC). So, why is UAE Free Zone company formation is the right option for you?

If you are a foreign investor who would like to keep the 100% of their ownership and conduct their businesses in both inside in the UAE, then UAE free zone company formation is the right option for you.

What is a Free Zone Entity?

UAE Free Zones are special economic zones designed to boost international business in the country by providing tax free benefits and 100% ownership to expatriate investors. This is just one of the reasons why UAE free zone set up is the beneficial for foreign investors

There are currently 45 Free Zones in the United Arab Emirates with different incentives. Each Free Zone is managed and operated by a Free Zone authority. You can choose any of those for UAE free zone company formation

Advantages of UAE Free Zone Set Up

The following are the biggest advantages of UAE free zone set up

  • 100% foreign national ownership
  • 100% repatriation of capital and profits
  • No minimum capital required
  • No corporate or personal tax
  • No need of local sponsor or local service agent
  • Fast incorporation procedure
  • Free transfer of funds

List of UAE Free Zones in Each Emirate:

If you are looking for UAE Free Zone Set up, then you should know about the free zones that are there in the different emirates in the UAE.

Dubai – total of 27 Free Zones:

  • Dubai Airport Free Zone
  • Dubai Auto Zone
  • Dubai Cars and Automotive Zone
  • Dubai Design District
  • Dubai Flower Centre
  • Dubai Gold and Diamond Park
  • Dubai Healthcare City
  • Dubai Industrial City
  • Dubai International Academic City
  • Dubai International Financial Centre
  • Dubai Internet City
  • Dubai Knowledge Park
  • Dubai Logistics City
  • Dubai Maritime City Authority
  • Dubai Media City
  • Dubai Multi Commodities Centre
  • Dubai Outsource Zone
  • Dubai Science Park
  • Dubai Silicon Oasis
  • Dubai Studio City
  • Dubai Techno Park (changed to National Industries Complex)
  • Dubai Textile City
  • Energy and Environment Park
  • International Humanitarian City
  • Jebel Ali Free Zone Authority
  • Dubai Production City
  • Dubai World Central (changed to Dubai South)

Abu Dhabi – total of 7 Free Zones:

  • Abu Dhabi Airport Business City
  • Abu Dhabi Global Market
  • Abu Dhabi Ports Company
  • Higher corporation for specialized economic zones/Zones Corporation
  • Industrial City of Abu Dhabi
  • Masdar City
  • TwoFour54

Sharjah – total of 3 Free Zones:

  • Hamriya Free Zone Authority
  • Sharjah Airport Free Zone Authority
  • USA Regional Trade Center Free Zone

Fujairah – total of 2 Free Zones:

  • Creative City Fujairah
  • Fujairah Free Zone Authority

Ras Al Khaimah – total of 4 Free Zones:

  • RAK Investment Authority Free Zone
  • RAK Maritime City
  • RAK Free Trade Zone
  • RAK Media Free Zone

Ajman – one Free Zone only:

  • Ajman Free Zone Authority

Umm Al Quwain – one Free Zone only:

  • Umm Al Quwain Free Zone Authority

How to choose the right location for UAE free zone set up?

Free Zones differ based on the activities of the Company. You need to choose the right location for UAE Free Zone Set Up. Now, to do that, you need to choose one according to the activity that you are willing to conduct. Some the most popular UAE Free Zones for the some of the major business activities is as follows:

Industrial & Logistics

  • Dubai Airport Free Zone
  • Jebel Ali Free Zone
  • Dubai World Central
  • Dubai Multi Commodities Centre
  • Abu Dhabi Airport Business City
  • Sharjah Airport Free Zone
  • RAK Free Trade Zone

Media

  • Dubai Media City
  • Dubai Production City
  • Dubai Studio City

Aviation

  • Dubai World Central
  • Dubai Airport Free Zone

ICT

  • Dubai Internet City
  • Dubai Outsource City
  • Dubai Silicon Oasis

Education

  • Dubai International Academic City
  • Dubai Knowledge Park

Financial

  • Dubai International Financial Centre
  • Dubai Gold and Diamond Park
  • Dubai Multi Commodities Centre
  • Abu Dhabi Global Market
  • RAK Investment Authority Free Zone

These were some of the most important facts for UAE free zone set up. You can get the help of a professional consultant. Get the help from the experts and choose the best free zone for your company.

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