UAE Freezone Company Registration: Foreign investors desiring to own their business by 100% can find UAE freezone company to be the perfect choice. Tax exemption, complete foreign ownership, tax residency certificate and other facilities is what makes UAE freezone to be among the favorable location to setup your company as well as to attract investors to register their freezone company in the UAE. There are over 42 freezones in the UAE with each having separate jurisdictions. Over 8,000 companies have been registered in every major freezone, while investors have been queuing to set up their businesses in the UAE freezones. But every freezone tends to have varying set of requirements, legal structure and cost with regards to company registration.

Following are the company types registered in the UAE freezone

• Manufacturing/industrial
• Commercial trading
• Service

Professional experts having in-depth knowledge been employed by BLACKSWAN to help investors with all matters, ranging from identifying the best location for establishing business, to register in the Free Zone, with company legal structure, register with Commerce Chamber, get trade license, obtain new director visa, banking assistance, family and employment visa, etc.

Benefits of Registering in UAE Freezone Company Registration

• Low setup fees
• Single day company registration
• 100% Profit & Capital Repatriation
• 100% Tax Free
• 100% Foreign Ownership
• Low cost energy
• Hassle-free transaction procedure
• Exemption from commercial levies
• Cheap and quick company registration options

Major UAE freezones

DAFZA (Dubai Airport Freezone)

DAFZA, Dubai’s flagship known for its 5 star infrastructure is located close to the Dubai International Airport. This is regarded to be a premium-free zone having fully equipped offices, thereby making it an ideal choice for reputed organizations to establish their Dubai freezone companies here. DWC (Dubai World Central): It is considered to be a well planned city surrounding Al Maktoum Intl. Airport. DWC-Dubai South, its new name has provided industries with more opportunities, allowing you to set up different types of businesses with minimum capital.

DMCC (Dubai Multi Commodities Centre)

It is among the reputed free zones in Dubai, where offices can be purchased in JLT area having title deed along with assured tax free period for about 50 years. You can set up your business to trade in Steel, Oil & Gas, Commodities and Gold along with GMCC in UAE.

DCCA (Dubai Creative Clusters Authority)

DCCA focuses more upon creative industries growth in Dubai as well as to develop Dubai Innovation Strategy.

HFZA (Hamriyah Freezone)

It is considered to be among the fast growing cornerstones of UAE industrial development. Located in Sharjah hamriya Free zone, it has emerged as the emirate’s industrial hub. Different types of licenses are issued by the Authority at competitive rates.

SAIF Zone (Sharjah Airport Int. Free Zone)

It is regarded to be the initial ISO Certified Freezone of this region, close to Sharjah Intl. Airport. It takes only 2 days to register your company here! SAIF Zone also offers competitive rates to allow UAE freezone company formation and also allow direct access to Sharjah Intl. Airport and port.

Ajman Freezone

It is well known for offering cost-effective license packages while providing the cheapest company registration packages in the UAE. You can avail variety of options of tools, licenses and offices. Company registration is also very fast requiring the least document package.

Ajman Media City Freezone

It is a newly formed freezone located in Ajman Emirate. Licenses are issued for trading, service, manufacturing/industrial sectors. It also offers business friendly environment, allowing company registration in the UAE.

RAKEZ

It is created with the merger of RAKIA (RAK Investment Authority Freezone) & RAKFTZ (RAK Free Trade Zone). RAKEZ is considered to be among the most innovative of all freezones developed in the world. it offers the most affordable and international level based economic zone combined with modern and the latest facilities, flexible services and packages. You can also get options to establish either non-freezone or freezone company. To get more details on setting up RAK Freezone company, click on ‘Read More’ button.

JAFZA (Jebel Ali FreeZone Authority)

It is perhaps UAE’s very first freezone developed at Jebel Ali Port. It is also UAE region’s biggest port and is equipped with numerous warehouses and offices. You have the option to develop your very own office by selecting a suitable plot.

SHAMS (Sharjah Media City)

It is Sharjah’s newly developed freezone that focuses upon media related license. Selecting the least flexi desk package, you can avail around 6 visas, worth the investment made. There is not required any deposit or physical UAE presence for setting up the company with SHAMS.

SRTI Park (Sharjah Research, Technology and Innovation Park)

This free trade zone is located adjacent to Sharjah University City and is among the latest freezone to be developed in the UAE. It focuses more upon promotion of regional innovation & research including academics.

Fujairah Freezone

It provides the entire world with excellent connectivity, by road, sea and air. It is also among the cheapest and fastest freezone, allowing you to establish a company in the UAE without requiring any annual reporting or capital.

IFZA (Intl. Freezone Authority, Fujairah)

It is the latest freezone to be developed in Fujairah and also a new addition to UAE freezones. In a very short time, it has managed to become UAE’s fastest developing business hub as well as the cheapest freezone. Some vital features offered by this freezone for companies incorporated here are providing Limited Liability Company, the opportunity to stick with ‘LLC’ suffix. There is also not required shareholder presence at the freezone. Company registration process here is the easiest and quickest.

ADAFZ (Abu Dhabi Airport Free Zone)

This freezone is located adjacent to Abu Dhabi Intl. Airport, welcoming foreign and local businesses by offering them with world class infrastructure which is sure to meet all business requirements.

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How to Lower your Business Setup Costs: There are multiple things that one needs to invest in while setting up a business in the UAE. To save extreme expenditure, one needs to find a way to optimally spending on setting up costs, without spending more than you have to. Here are some ways to stay aware of and monitor your overhead costs:

Get an Expert!

Hiring an expert who has experience in business set up will help you determine all sorts of preliminary costs at the planning stage itself. Determining the various privileges of setting up a company will help you steer clear of all sorts of costs you can avoid.

Naming your Company

Giving your company an Arabic name can save you up to 2000 AED as the whole trade name fee can be exempted in the final payment voucher. If you choose a name in a foreign language, you will incur these costs. There would be a license fee on this every year that can simply be saved upon taking up an Arabic name.

Choosing the Right Jurisdiction

The company set up costs depend on the jurisdiction you choose to operate in. All areas have different set up costs. In the mainland, the costs are derived by the Department of Economic Development (DED). Whereas in the offshore and free zone companies, it is independent of that and each jurist=diction has its own system of governance that decides costs.

Choosing your Local Sponsor

Choosing a local sponsor for your business can be tricky. Ideally, they are 51% shareholders and have a share of the profits at a predecided rate, But since the majority shares are in their hands, they can choose to act upon it. Therefore, finding someone you can trust and keeps his word is important. Documentation can be drafted for this purpose.

Monitoring Accommodation Allowance Fee for Employees

The UAE law for mainland companies requires that the company pays a prescribed amount for its employees’ accommodation. By finding our which employees are actually from UAE, you can reduce the amount from the payment voucher and save money. Doing enough research appropriately, depending on your type of operations and getting help from experts will help minimize costs and save you a lot of money in the long run.

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When you head for business with requisite skill, there is no more reason why you can't get involved in this vast market. You can set up the UAE event management business with expert help to complete in five easy steps.

Outline your business activity

Outline your business activities before applying for your event management license. Wide range of activities are carried with the event's license. This allows you to carry out activities like hospitality management to event promotion. You need to list on your application that you wish to undertake. Carrying out the activities that are not listed on your license would result in penalties. It's best to work with the company formation expert in this stage to make it covered.

Choose your company name

After outlining your business activities, choose your company name. This would take an extra thought in UAE than other countries. Choose a name that reflects to offer in the memory of your target customers. It must comply with the UAE's company name regulations. The company name should not have any offensive language or reference to known organisations or blasphemous language. When you want to include your name in your business name, it must be in full with no initials or abbreviations. Check whether your chosen business name is available to get registered. The company formation expert would do this as a part of the license application process.

Choose the right set up

Before making the formal license application, decide the right company set up for your business. The two choices in UAE are mainland or free zone. There are advantages to both. The free zones have cost-effective ways to start an events company, it has attractive benefits with 0% personal and corporate income tax and 100% exemption from customs tax. UAE free zone businesses benefit from all invested capital and profits. It has no currency restrictions or foreign exchange controls. You can set up the business in the UAE mainland. The mainland business trades directly with the local marketplace without services of a local agent and takes on government contracts, which free zone companies cannot.

Apply for your license

After deciding the activities you wish to list on your license, submit your application. Based on your choice of set up, you can directly apply to the Department of Economic Development for emulating you to set up or the relevant governing authority of the free zone. Whatever setup you choose to apply for an event management license in Abu Dhabi, Dubai or UAE, a company formation expert would help with this step. They manage the entire application process on your behalf. Either making your application yourself or through a company formation agent, you need to provide few details and some basic documentation as:

The Completed application form

• The passport copy of the owner or proposed owner.
• Any two colour passport size photos.
• Pay AED 15,000 to secure your event management license.
• Apply for a license package that has a Flexi-desk package which affords entrepreneurs the use of business facilities like mail services, internet, desk space and phone use.

Apply for visas and bank accounts

Apply for visas, business license and open your corporate bank account. Apply for your visa and employees visas too. The maximum number depends on your license type and size of your business. Sponsor dependants for their visa applications. You can bring your family, that includes spouse, children and dependent parents to the UAE. You can hire domestic staff like the housekeeper to make the process simple. The corporate bank account opening works with a company formation expert who would guide you with the complex process. The company formation expert will advise on best banks to suit your needs and arrange the appointments.

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