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Freezone Company

Freezone Company Formation

ESQ Tech FZ LLC is one of the dynamic and fastest-growing companies that offers businesses and investors a sustainable environment for their business establishments and helps them to accelerate their growth plans. If you are planning a business or startup or you are a budding entrepreneur who wants to establish in UAE then you surely need a trustworthy partner who can help you to setting up a company in Dubai UAE with all the nuances of business jurisdiction in the UAE and acquaint you with all the rules and regulations of the establishment of Freezone Company in Dubai, UAE in this multicultural business hub.

There are around 40 different “Free Trade Zones” operating in UAE. One of the main benefit of Freezone Company Formation in Dubai, UAE is that there are no foreign ownership restrictions and the companies are governed by an independent Free Zone Authority (FZA). One of the major advantages of setting up business in a Free Zone is that the companies are exempt from corporate and personal taxes. The UAE offers an ocean of opportunities for the launch of businesses as each Free Zone is specifically designed to cater to specific kinds of business needs.

Being a business setup consultant we help you and guide you on the best benefits for the establishment of a company in a Free Zone to cut down the maximum risks and cost strain. We help you to connect businesses with the world-class services, modern infrastructure, great connectivity and vibrant community that you need to thrive and succeed.

To find your place in a Free Zone call us now!

A Freezone offers a host of advantages. The prominent among these are:

100% Foreign Ownership
Freedom to open multi-currency Corporate bank accounts
100% Repatriation of Capital and Profits
100% Corporate and Personal Income Tax Exemption
Absence of currency restrictions
Freedom to undertake a range of licensable activities
Abundant and inexpensive energy
Modern and efficient communication
Ability to leverage logistic efficiencies due to business cluster effect
Serviced desks and offices for SMEs and start-ups
Excellent support services
Robust Start-up processes, labour and immigration procedures

Here are the different types of Licensing Options Available.

Requirements to Set up a Free Zone Company

You have the option to set up a Free Zone Establishment (FZE) or Free Zone Company (FZC). The only distinction between an FZE and FZC is the number of shareholders. FZE can be formed with a single shareholder while FZC can have two or more shareholders. You can establish a Branch or Representative Office of your existing or Parent Company based within the UAE or abroad.

International Free Zone Authority

International Free Zone Authority (IFZA) commenced its operations in 2018 in Fujairah. IFZA inked a deal with Dubai Silicon Oasis Authority (DSOA) in 2020 for facilitating flexibility and ease of doing business. Based in the dynamic business and commercial hubs of the UAE, IFZA has a lot to offer. Its location is both favorable and strategic. The International Free Zone Authority in Dubai offers a multitude of business activities that range from over 1000. You can take advantage of their competitive packages and flexible business setup solutions. The authority gets you covered for 360-degree solutions for all the business setup requirements. If you wish to set up an IFZA Free Zone Company in Dubai, you can bank on Golden Fortune’s reliable Company Formation Services.

International Free Zone Authority (IFZA)

International free zone authority (IFZA) was established in 2018 in Fujairah. It also has an office in Dubai.

Dubai Multi Commodities Center (DMCC) Free Zone

The Dubai Multi Commodities Centre (DMCC) was established in 2002 as a commodity marketplace in the heart of Dubai.

Sharjah Media City (SHAMS) Free Zone

Shams free zone is located in the Emirate of Sharjah, the cultural capital of the UAE. It provides very cost-effective licensing.

Dubai Airport Free Zone (DAFZA)

DAFZA was established in 1996. It is located next to world’s busiest international airport.

Jebel Ali Free Zone (JAFZA)

ebel Ali Free Zone was established in 1985. JAFZA is the leading free zone of the region.

Ajman Free Zone (AFZ)

Ajman Free Zone is a free trade zone in Ajman. AFZ was established in 1988. 100% repatriation of capital and profits.

Ajman Media City Free Zone

Ajman Media City Free Zone was established in 2018. It allows 100% foreign ownership.

Dubai Media City (DMC)

The companies are not liable to pay taxes to the government. Corporate taxes are also not collected from companies in the media city.

Hamriyah Free Zone

Hamriyah Free Zone was established in 1995. It is the home to the highest number of steel fabricators in the UAE.

Fujairah Free Zone Company

Ajman Media City Free Zone was established in 2018. It is located adjacent to port Fujairah.

Ras Al Khaimah Economic Zone (RAKEZ)

No corporate and personal income tax, 100% ownership & profit repatriation, No customs duty on re-exported goods.

Dubai South Free Zone

Dubai South Free Zone is the largest and leading global trade, business, and aviation hub.

Frequently Asked Questions

What is the difference between in FZE and FZC?

FZE – is commonly known as Free Zone Entity which is ideally owned by single shareholder, Where in FZC will be referred for multiple shareholder companies registered in Free Trade Zones.

What is VAT Implications in UAE?

VAT (Value Added Tax) was introduced in UAE from 01st January 2018, with a rate of 5% as a general consumption Tax which will apply on the majority of transactions in Goods and Services.

Certificate of Tax issued to benefit from the avoidance of double taxation agreements concluded by the State?

The applicant must have been a resident of the UAE for at least 180 days. Also an annual lease agreement officially documented by the competent authorities, such as EJARI in Dubai, municipalities in other emirates and free zone authorities must be attached to the application.

What are the requirements for companies to apply for this certificate?

The company must have been established for a period of at least one year. Financial accounts must be audited by an accredited audit firm and attached with other required documents to the application. The audited financial accounts must be prepared by an accredited audit firm. The report must be certified and stamped by the audit firm.

What is Tax Domicile Certificate?

A certificate issued for eligible government entities, companies and individuals to take advantage of agreements of double taxation avoidance on income signed by the UAE.

Freezone Company