Many freelancers and entrepreneurs willing to set up a business in Dubai or any other emirate in the UAE usually have one (1) question. Will I be able to control my funds when I incorporate a company in the UAE? To answer this budding question on the minds of many, here are some things to note.
Advantages of Freezone Company Formation in UAE:
- Owner owns 100% investment and profit
- Quick registration –license received within Just 24 Hours
- Chamber of Commerce membership received upon registration
- Monthly installments payment plan: pay for in 2, 3 or 6 installments
- Easy documentation process
- Physical appearance is not mandatory for registration
- Physical offices are not mandatory. A virtual office is enough.
- Visa ownership by company owners is not mandatory to have a License in a freezone.
Frequently asked question on Business Setup in UAE
Q. If I register my company in a Free Zone, is it possible to live and open a Corporate Bank account?
A. Yes, you can register a company and live in any f the seven Emirates of the UAE and own a Corporate Bank Account. You may live in any of the Emirates even though your license was nit registered in that Emirate
Q. Can I sponsor my family if I register a company under a Freezone Authority and process my Visa as the owner of the company or as a partner?
A. Yes You can sponsor your family under your Visa.
Q. How long does it take to get a Free Zone License?
A. If all documents are complete, a License can be received within 24 hours
Q. Do Freezones require any Capital Amount to be deposited into Company Account after Company Incorporation?
A. Some Freezones make it mandatory while many do not. There are up to 50+ Freezones in the UAE. Should anyone intend to register a company in a Freezone and it’s difficult to choose, we will assist you in that respect.
Q. If I register a Company in the UAE and own a License, Can I have a physical office?
A. A physical office is only permitted within the Freezone where the License was registered. However, offices can be owned in Dubai Business Centers on the Mainland.
Q. What are Taxes will I have to pay after my company registration?
A.There are no taxes applicable to Companies registered in a Freezone in UAE
Q. What custom duties do I have to pay for importation and exportation?
A. Custom duties are uniform t the rate of 5% all over the UAE.