The main advantage offered by the UAE free zones is that foreign investors can retain 100% of their businesses without the need for a local partner. Outside of free zones, non-UAE residents are not allowed a majority stake in the business if that business requires a commercial or industrial license, and must therefore set up with a local partner who takes a minimum ownership of 51%.
Other financial incentives of the UAE free zones include a 0% corporate and income tax rate, no customs duties levied on imports and exports, and the option to repatriate 100% of the profits from the business. Another factor which can present fantastic opportunities to free zone companies is that many of the UAE free zones are sector specific and may have specific advantages. For example in Fujairah Creative Zone you are not required a physical space and to submit annual book-keeping.
While the technical and administrative aspects of setting up a business in the UAE may seem complex, it’s in fact all very easy with us.
We are known in the market to provide a higher standard of company setup guidance – without the higher costs. Ours is essentially a concierge, one-stop-shop service, with dedicated account managers to answer all of your questions and provide full transparency as they liaise with UAE government authorities on your behalf. Your time investment throughout the setup process? As little as just a few hours.
For those looking to check off all the legal boxes of corporate ownership in the UAE while maintaining a great deal of flexibility when it comes to managing costs, we are your partner. Contact us today for a free consultation that will help answer every last question you may have about setting up a company in the UAE.