Now, What is a Dubai Free Zone company? Or What is the procedure for Dubai Free Zone Company formation? To know such details, let us first understand the meaning of a Free Zone in the UAE. Dubai is a futuristic city built keeping in mind the forthcoming needs and requirements of Business enterprises. More than you, there are multiple Corporate entities registered with the UAE Authority, but what makes Foreign Corporate Giants stem their foot in Sand City? Let us look at them one by one.
About Free Zones
In Dubai alone, there are around 40 operating Free Zones. In addition, there are more Free Zones lined up for construction. Each of these Free Zones is designed with multiple commercial categories. The UAE Authority only offers corporate licenses to companies with those categories.
Why register in a Free Zone?
The main lurcation for establishing a Business in a Free Zones is that there are no restrictions on Foreign Ownership. Also, Companies are governed by an independent FZA, i.e., Free Zone Authority. This FZA Authority is responsible for issuing operating licenses as well as regulating the activities of the registered Corporate Entities within that Free Zone.
Is Free Zone an Offshore Company?
Since Dubai is a major business hub, it has become ideal for setting up a business in Dubai or its representative office in 40 different “Free Trade Zones” in the UAE jurisdiction. The Business can themselves identify the best Free Zone to conduct their Business in the region. Most people mistake a Free Zone Company for an offshore company. But with such similarities, each free zone has very differing characteristics.
Benefits of setting up a Company in a Free Zone
Every Dubai Authority must enable shareholders, directors, and employees to obtain residency visas in the island nation. Here, we have defined some of the benefits of registering a business in a Free Zone in the following points:
Some of the Principle Free Zones in Dubai
Every Business, whilst carrying out its activities, has a big influence on selecting the suitable Free Zone to meet its requirements. Some of the principal Free Zones and their licensing activities are defined in the following points:
For company registration in Dubai, Free Zone Company setup or registration, connect with the Incorporation Experts at Registrationwala.