How Many Types of Companies Can be Setup in UAE Freezone.

The UAE offers various business structures to meet the needs of entrepreneurs and investors. Selecting the appropriate freezone business setup in UAE, depends on your business goals and operational requirements.

Selecting the appropriate business type will help you attain high-affirming business goals and will help you determine your operational requirements. There are many types of business setups UAE free zone.

• Public Shareholding Company

This structure involves offering shares to the public, making it ideal for large-scale businesses with a minimum share capital of AED 30 million and ten founding members. Governed by the Commercial Companies Law, it requires a board of directors and annual general meetings. 

• Private Shareholding Company

It is highly suited for medium to large companies. It involves at least 2 founding members and a capital of 2,000,000. It is also regulated by the Companies Law and you are mandated for a board of directors and annual meetings. 

• General Partnership

It requires 2 individuals to share profits and losses equally. It is governed by the Seven Transactions law and doesn’t have a minimum capital requirement.

• Limited Partnership

Business structures comprise journal partners and limited partners and are governed by the commercial companies law and the capital requirements can vary depending on the type of free zone business setup UAE.

• Joint Venture

 In this type of business model, 2 or more entities collaborate to form a new business that shares profits and losses equally and is governed by the commercial companies’ law. There are no minimum capital requirements.

• Limited Liability Company (LLC)

You can set up a business in this type of business model with at least 2 to 50 shareholders LLC or limited liability company limited the shareholder’s liability to the capital contributions. The share capital requirement is dependent on the business type and it is regulated by the commercial company’s law.

• Sole Proprietorship

This type of business is owned and managed by a single individual with unlimited liability. It is governed by the civil transactions law.

• Branch of a Foreign Company

It is a type of business where the parent company is decided outside the UAE and the branch company operates in the UAE.  It requires a local sponsor and it is regulated by the commercial companies law with no minimum capital requirement.

Why Choose a UAE Free Zone for Business Setup?

Special economic trade zones help small businesses and entrepreneurs or investors by providing numerous benefits. Repatriation of profits and 100% foreign ownership as enjoyed by foreign investors and business owners. Taxation benefits are also provided to the free zone business setup UAE, which boosts their business profitability.

Free zones are divided into groups. Each zone is designed to characterize specific industries; some zones are better for economic setup businesses, some are for e-commerce businesses and some can be beneficial for manufacturing businesses. 

If you opt for consultancy and assistance, you can easily get a license for freezone business setup in UAE. BrightVision consultancy offers you different registration packages to set up your business in free zones which enables investors and different businesses to hassle-free register in a free zone in Dubai.

Benefits of Freezone company setup in UAE

 Setting up a business in the UAE offers multiple benefits. Some of the main benefits of a free zone company are:

1. Tax friendly – 0% tax in an economic free zone but tax is liable in other Dubai areas
2. Foreign ownership-100% of foreign ownership permitted.
3. Locations– Prime locations their ports and airports can help you build stronger connections outside the world and in local UAE
4. World-class infrastructure- Availability of the IT and world-class infrastructure to set up your business.
5. Business environment- Businesses can enjoy government incentives, innovative techniques, and trading in diverse communities. 

Guide to Choose the Right Free zone for Company Formation in UAE?

We have a specialized team that helps businesses navigate free zone company setup UAE to find a space that is fit for their goals. Here is the guide which can help you to set your business in the right free zone.

Understand Your Business Needs

Free zones are divided into different sectors for setting up different industries. First, you need to match your business type with the zone that suits your business needs. 

For example- Manufacturing, IT, or media businesses have different infrastructures and have different IT needs so there are specialized zones that are tailored to meet their needs in the free zone.

Location and Connectivity

Setting up your business effectively and efficiently needs a prime and well-connected location that can offer you connectivity to the shot as well as long-distance areas that will help you to strongly build up global and regional connections.

Key Considerations:

• Transport should be well-connected
• Transport should have access to target markets
• Import and export separations should be easily managed

Costs and Fees

Free zones come with a fee that you need to spend for your business crucial aspects for example set up and maintenance costs. Some of the key uae free zone company setup cost are listed:

Key Costs:

• Licensing and registration fees
• Office space fees
• Renewal fees
• Legal and Regulatory Framework

Each free zone has different regulations. You need to understand them for the smooth operations of your business.

Key Considerations:

• Ownership rules and licensing rules
• Sections of business activities
• Special approvals or special permits needed for the respective type of business

Growth and Expansion Potential

For a better and more efficient business choose a free zone that has high scalability options such as flexible office spaces to ensure the ease of future zones and mainland expansions. 

Key Factors:

• Visa expansion or space expansion should be available
• Beyond free zones, growth opportunities should be available
• If your business goals are aligned with the right free zone the foundation for the long-term success of your in UAE can be set up.

Step-by-Step Process for Business setup in UAE Free zone

Just setting up a business in the UAE free zone is a straightforward and easy process. The paperwork is very simple and is very little time-consuming. We will assist you with the registration of a business without any errors. 

Select a Legal Structure

 You need to choose the app to create business structures that suit well with your business requirements from free zone limited liability company, branch office, and a freeze on establishment.

Pick a Trade Name

By following UAE rules and regulations regarding company names you need to pick a unique correct name that aligns with your business activities.

Apply for the License

Each and every business in the UAE requires a license of operation. After carefully selecting your business activity you can apply for a license that is most suitable for it.

Select an Office Space

I need to choose an office space from where all your business operations are commanded. Depending upon the size of your team and you have business activity you can choose office space in the free zone.

Secure Approvals and License

If your business comes in the category that needs separate or specialized approval from the government authority to conduct your operations then you must apply for separate approval from the government. 

Important Documents Required for Freezone Company Setup in UAE

Below is the list of documents that are required to set up your business in the free zones:

Document Requirements For Individual Shareholder 

• Personal Information Sheet or Application Form
• Copy of passport that is valid for at least 6 months
• Copy of visa
• Emirates ID  (if applicable)
• Passport size photos

Document Requirements For Corporate Shareholders 

• Certificate of incorporation or company trade license
• Memorandum of association
• Appointment of the authorized signatory and board of resolution. 
• Incumbency certificate and UBO list
• Company manager’s passport copy, visa copy, and Emirates ID.

Legal Structures for Freezone business setup in UAE

Different types of business formations are available in free zones. Selecting the appropriate business structure for your free zone company formation in UAE and expanding it seamlessly over time is very crucial. Many benefits like access to UAE key places or flexibility Canary depending upon your business structure. Selecting a free zone will also give you a competitive advantage for your business’s fast and efficient growth. 

• Free Zone Limited Liability Company (FZ LLC): Free zone limited liability company is a version of a traditional limited liability company. Shareholders are only held accountable for the assets and share their own in a company. 
• Free Zone Establishment (FZE): For a person who requires the sole ownership of a company this type of structure is perfect. You can start and operate your business in the free zone individually with the structure. 
• Branch: If the parent company is established outside the UAE and there is a need to open a branch office this type of structure aims to establish that branch office in UAE. 

Packages for Company Formation in UAE Freezone

The license cost to trade in the UAE Freezone company setup will start at AED 5750 and can reach a maximum of AED 50,000. Even if you choose the lowest possible build, we will provide you with expert business consultation for setting up your business in the right spot in the free zone. With our tailored package that suits your business needs to start your UAE free zone operations.

Why choose BrightVision for Setting up Your Business in the UAE?

BrightVision is a certified business consulting company with more than 10 years of experience in Dubai. Provide end-to-end services for seamless business setup in free zones. We help you in all the steps involved and the registration of a company in the UAE free zone. Our team has high industry knowledge and is dedicated to output a high success rate so that you can run and launch your business worry-free in the UAE. We handle all the complex duties of the business like aligning your business with the compliance of UAE, achieving the target licenses, etc. 

Our customer-centric approach offers transparency, and open communication and comes in the list of highest industry experience.

1. One-Stop Solution : We provide a one-stop solution for all your business needs to set up your business in a free zone from accounting compliance and every other necessary. 
2. Assurance of Compliance : We assure you never encounter any legal complications in the UAE due to non-compliance. With our team who have a decade of serving in this field and have a high legal knowledge, we will ensure that your business complies with the UAE laws. 
3. Professional Group : Our team of professional individuals, legal experts, and specialists of this field from different countries will help you to meet all the legal requirements of forming a company in the UAE free zone.