Freezone Company Formation - PowerPoint PPT Presentation

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Freezone Company Formation

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  1. Freezone Company Formation

  2. Freezones in dubai • Free Zones in Dubai are special economic zones offering tax free • business 100% owned by the person who set it up. • You don’t require a sponsor or an agent to act as liaison to manage the venture. There is no restriction tying you down. • free customs duty benefits to expatriate investors.

  3. Key benefits • 100% Foreign Ownership (no local partner or sponsor required) • No corporate tax for 50 years and can be renewable for an additional 50 years • Duty free goods importing into the free zones • Easy recruitment procedures, work permits and Visas • Facility to own the properties • Renewal fees are moderate • Business confidentiality is strictly maintained • Allowed to open bank account in Dubai • No restriction for doing more than one activity • Can wind up business at your discretion

  4. Types of company registered • Free Zone Establishment (FZE): This type of company can be registered with one individual or corporate shareholder. • Free Zone Company (FZCO): This type of company can be registered with 2 or more shareholders. Shareholders can be either individuals or corporate companies

  5. Types of license • Trading License: This type of license allows company to carry out trading activities like buying, import & export and selling of limited number of goods and commodities. • General Trading License: This type of license will allow company to deal with trading of all types of goods with some exemption on banned goods and products that need special approvals. • Service License: This type of license is issued to companies which deal with consultancy, accountancy, etc. services. • Industrial License: This type of license allows the company to carryout manufacturing, packaging and processing in Dubai freezone.

  6. Requirements • A free zone company must have a trade license in the activity of its intended business. This license must be renewed every year. • It must have an office in its own name in the Free Zone – rented and to be renewed every year. • It must have a Manager authorized to act as the legal representative of the company. • It must have at least one shareholder and the mandated share capital. • It must not trade outside the free zone without a local distributor.

  7. Freezones in UAE • Dubai Airport Free Zone • Dubai Internet City • Dubai Media City • Dubai Metal and Commodities Center • Dubai Investment Park ( only through JAFZA ) • Dubai Silicon Oasis • Jebel Ali Free Zone • Hamriyah Free Zone in Sharjah • Sharjah Airport International Free Zone • Ajman Free Zone Authority • RAKIA Free Zone in Ras Al Khaimah • Ras Al Khaimah Free Trade Zone • Fujairah Free Zone

  8. Address Oasis Center, 3rd Floor, #104Sheikh Zayed RoadDubai, UAE Mobile : +971 55 6070 118Telephone :+971 43 215 227 Email:info@businesslinkuae.com For More Details Contact Business Link UAE Contact Us for More details about freezone Visit us :businesslinkuae.com