In the United Arab Emirates (UAE), free zones are special economic zones set up with the objective of offering tax-free and free customs duty benefits to expatriate investors. The free zones in the UAE are designed to boost international business by providing complete ownership to foreign investors. UAE Free Zones in Dubai and the UAE are governed pursuant to a special framework of rules and regulations applicable to the concerned free zone. Free zones in Dubai are managed and operated by the free zone authority. These free zones operate outside of federal law or the laws of the Ministry of Labor.
A free zone company is the most fruitful legal entity because it not only offers the benefit of 100% ownership to investors or entrepreneurs but also a host of other exclusive advantages that other legal forms do not have. Normally, for company formation in the UAE mainland, expatriates need a local sponsor, but through free zones in Dubai, UAE, the expatriate can set up their business without the local sponsor, and he can enjoy 100% repatriation of capital profits. The UAE free zone offers 100 % corporate and personal income tax benefits.
Most of the free zones in Dubai, UAE, broadly offer trading, service, industrial, national industrial, and branch licenses to investors looking to set up their businesses. In the UAE, free zones are either attached to a port or industry-specific.
Major Free Zones In The UAE
- Kizad Free Zone, Abu Dhabi.
- Jebel Ali Free Zone, Dubai.
- The Dubai Multi Commodities Centre (DMCC) Free Zone, Dubai
- DAFZA: Dubai Airport Free Zone
- Hamriyah Free Zone, Sharjah
- Ajman Free Zone
- Umm Al Quwain Free Zone
- Ras Al Khaimah Free Zone
- Fujairah Free Zone
How SPK Auditors can help with Freezone Company Formation services?
SPK Auditors is a professional auditing and consultancy firm based in the United Arab Emirates (UAE). They provide a range of services to businesses and individuals, including company formation services in the UAE's free zones. By setting up a company in a free zone, businesses can take advantage of these benefits and improve their competitiveness in the global marketplace. SPK Auditors can assist with the free zone company formation process in a number of ways, including:
- Providing advice and guidance on the best free zone for your business needs.
- Assisting with the preparation and submission of the necessary documentation and forms.
- Liaising with the free zone authority on your behalf to ensure a smooth and efficient process.
- Advising on the requirements for setting up a business bank account and obtaining visas for employees.
- Providing ongoing support and advice as needed, such as accounting and tax compliance services.
By working with SPK Auditors for your free zone company formation needs, you can benefit from our expertise and experience in the field, as well as our commitment to providing high-quality services. We can help ensure that the company formation process is completed efficiently and effectively, so you can focus on growing your business.