Free Zone Company Formation
Vigor Free Zones Company Formation Services helps you set up your company in Dubai, UAE free zones. We handle all responsibilities and give you an in-depth knowledge of how company formation works in UAE-free zones to ensure that the formation of your company is successful. We help you raise the lucrativeness of your business by simplifying the complex process of company formation in the UAE until you find the perfect company structure for your business needs that will allow you to pay less tax legally.
Company Setup In Dubai Free Zones
Free zones are geographical areas where UAE mainland taxes, employment, and import-export restrictions, and administrative laws on business do not apply.
There are currently about 30 free zones in Dubai and this makes setting up a business in a Dubai free zone beneficial since:
The environment is conducive
Dubai is located midway between the east and the west linking trade from both sides of the world. The availability of seaports and airports makes transportation and planning easy. Dubai also has many eco-friendly places that offer an environment that is biodiverse and an environmentally progressive economy.
Dubai has one of the lowest value taxes worldwide with a rate of 5%.
At 5%, Dubai has one of the lowest value-added taxes in the world making Dubai a great place to establish a company in.
The policies on importation and exportation are simple.
Goods imported into Dubai free zones are exempted from customs duties. In addition, re-exports from Dubai free zones to third market destinations outside the GCC Customs Zones do not pay customs duties.
There’s 100% repatriation of capital and funds.
Companies in Dubai do not pay any direct taxes on corporations. This makes a 100% percent repatriation of funds possible.
The conditions of setting up a company in many of the free zones are the same.
In any free zone, you decide to set up your company in Dubai, the circumstances are the same.
There is full ownership of the business
Under free zones in Dubai, you have full ownership of your business. A single individual can also set up a company in Dubai free zones unlike other types of company settings.
There are no currency restrictions.
Transfer of funds is very easy in Dubai free zones as there are no currency restrictions.
How To Set Up A Company In Dubai, Uae Free Zones
To set up a company in any UAE Free Zone you need to:
Get your business license
Dubai issues five types of licenses. The type of license to be issued depends on the type of company to be set up. The five types of licenses are:
- Professional License: This type of license is issued to service-providing companies. For example, handicraftsman.
- Commercial License: This type of license is issued to companies that will engage in trading activities.
- Industrial License: This type of license is issued to industrial or manufacturing companies
- Tourism License.
- Freelance License.
Get your UAE Residence Visa: An investor residence visa will be issued to you for your free zone business. This visa permits you to stay in the UAE for three years. After which, you have to renew. You will require the LSA or your partnership agreement, your immigration establishment card, passports, and more.
Open a business bank account: For a free zone company bank account, you need a certificate of incorporation depending on which free zone your company is formed. You also need a memorandum of association, a shareholder’s passport company, residence visa, owner’s business profile. You may require other documents depending on the bank you want to open your account.
Every company operating within a UAE Free Zone is required to obtain a trade license. This license is valid for one year and must be renewed yearly.
Some free zones require paid-up capital to be presented at the time of the free zone company formation based on their requirements.
What Are Some Free Zones In Dubai?
Some free zone in Dubai includes:
A very profitable free zone in Dubai is Dubai Multi Commodities Centre (DMCC) or Jumeirah Lakes Towers Free Zone. It has been voted Global Free Zone of the Year for four years in a row. Currently, it is home to over 15,000 companies, with at least 170 joining monthly.
It is open to a variety of legal business activities. It is ideal for all kinds and sizes of businesses of its wide range of flexible office solutions. These include flexible desks and multi-story office blocks.
How Can We Help You Set Up Your Free Zone Company?
Establishing a company in Dubai free zones can be a daunting task and this is why Vigor Company Formation Services exists. We are a free zone company formation agent and consultant. We listen to you, take note of your business goals and simplify the formation of your free zone company and provide professional counseling and advice during the process. We help with incorporation, registration, acquiring a license, and setting up your office space within our business center or office space within Dubai.
We have trusted company formation agents, who will invite you to our offices and give you a detailed explanation on how you could form your free zone company while ensuring your budget and requirements are met.
Our business agents also help you with your company formation with a bank account. We have assisted many Freezone companies to open free zone company corporate accounts Our well-trained business consultants can also help you open internationally in places like the USA, India, Africa, UK, and so on.
Vigor Business Setup will collaborate with you to provide a variety of office spaces such as co-working spaces, virtual offices, private office spaces, and more, as well as a host of business setup services in the UAE and around the world. We are a one-stop solution service and have become one of the leading business setup consultants for free zone company formation in the UAE.
Investors all around the world consider us because of our dedication to company formation, in-house expertise, seasoned experienced company formation professionals, transparency of costs and helps in making them understand what they will be getting in return helping you connect to Eastern and Western worlds.
With Vigor Free Zone Company Formation helping you set up your free zone company, your free zone company is in good hands.