Type
of Entity:
A UAE Free Zone Company can be established in the following
ways:
A branch of an existing company
Foreign Branch - A foreign affiliate that is legally a part
of a firm residing outside of the UAE
Local Branch - A domestic affiliate that is legally a part of
a firm residing in the UAE
A new establishment
Free Zone Company - A new business entity which is owned by
2 – 5 partners
Free Zone Establishment - A new business entity with a sole
business owner
Such companies can be owned 100% by foreign investor with no
involvement of local partner or sponsor.
A UAE Free Zone company offers the following incentives to
investors:
• 100% foreign ownership.
• No corporate taxation for 50 years – a concession
that's renewable.
• Freedom to repatriate capital and income in totality
• No personal income tax.
• Full exemption from import duties.
• No currency restrictions
• No bureaucratic red-tape.
• No recruitment problems.
• Modern efficient communication
• State of the art infrastructure.
• Abundant energy.
• Attractive working environment.
• Owned premises on leased land can be mortgaged.
Types of Licenses:
Industrial License
Activities allowed: Import raw materials, manufacturing, processing,
assembling, packaging, and exporting finished products.
Commercial License
Activities allowed: Import, export, distribution, consolidation,
storage or warehousing of items specified on the License. Maximum
limit is seven similar product lines.
Consulting and Service License
Activities allowed: Offering consulting services in management,
finance, investment, legal issues, labor relations, economics
(including feasibility studies), industrial development, marketing,
and related subjects. Other services include logistical support
such as: restaurants or food outlets, catering services, travel
agencies, leisure and social activities, insurance, cargo &
freight forwarding, accounting, and audition services.
Commercial - General Trading License
A General Trading License can be obtained under a Commercial
License, which allows for more than seven product lines.
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