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Free zone company setup in UAE is gaining popularity worldwide due to its 100% foreign ownership is policy.<br><br>A free zone or called a free trade zone is a zone with exclusive tax-free and low trade hurdles status where goods can be produced, imported/exported, managed, or reformed without any payment of customs duty.
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FREEZONE COMPANYSET UP INUAE
Free ZoneCompany Set up inUAE FreezonecompanysetupinUAEisgainingpopularity worldwideduetoits100%foreignownershipispolicy. Afreezoneorcalledafreetradezoneisazonewith exclusivetax-freeandlowtradehurdlesstatuswhere goodscanbeproduced,imported/exported,managed, orreformedwithoutanypaymentofcustomsduty.
No corporatetaxes No income taxes No customsduties 100% ownership of thebusiness UAE ResidenceVisa 100% repatriation of capitaland profits Infrastructure and facilitiesfor Industrial and Commercial purposes Free Zone companiesbenefit
FreeZonecompanysetupinUAE Documents important for FreeZone company setup inUAE 5 2 3 1 4 3proposed name Licenseapplication form Shareholder’s passport copies, address proofand businessprofile Representative’s businesscard Businessplan 6 7 8 AttestedDegree ofManager Bankcertificates andletters Passport copy &address proof of manager of managers
Types ofLicenses General TradingLicence Normal Trading Service License Industrial License Warehousing License This type of license is for companies trading products of all types, like food, clothing, furniture, etc. With a general tradinglicence, your company can export, re-export and import. Also known as trading license, this license allows trading companies to have 10 similarproductlinesor3 differentones Thislicenseisforskilled individuals including consultants, graphic designers, mechanics, etc. Industrial license empowers companiesto assemble, process, and package products using natural, local and manmadematerials As the name suggests, this license allows leasing warehousesfor distribution &storage.
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