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Share Capital Requirement Depending on the company's business activity, the share capital amount can range between AED 50, 000- AED 1 Million. Timeline for Registering a Free Zone Company in Dubai The general timeline for finalizing the incorporation process will take approximately up to one (1) month. In some cases, this timeline can be longer. Residence Visas One of the perks of having a registered free zone company in Dubai is its qualification to issue residence visa to either its shareholder and company officers and its employees, in the future. The most notable thing to remember regarding the visa allotment to each free zone company is that, the number of visas is dependent on the size of the rented office or the signed -up business package. Corporate Account Opening Most of the Dubai free zones require a corporate account opening. This is specifically true to those free zones requiring proof of transfer of share capital into the company's bank account. The account opening requirement may be tedious for some, but the basic requirements, among others is to show proof that the company intends to do business in Dubai, such as corporate documents, office lease agreement, residence visa of the manager, residential tenancy contract, etc.
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Free Zones are established mainly to offer tax exemptions and custom duty and import benefits to foreign investors. Each free zone is designed to accommodate one or more industry categories or business sectors. Most of the free zones in Dubai offer trading, services and industrial licenses. Free zones are best suited to companies that wishes to use UAE as a hub for its regional manufacturing or as a distribution base with the majority of their business done outside of the UAE. Why Establish a Free Zone Company in Dubai? There are several benefits of registering a free zone company in Dubai. If the state-of the art- infrastructure, tax exemption and easy capital repatriation is unappealable, future investors should take note of the following additional advantages, among others, for registering a free zone company in Dubai, described below: · 100% ownership of business, without the need for a local sponsor. · Property ownership is allowed; · Wide range of business activities are available to investors; · Easy licensing procedures; · Reasonable renewal fees; · Easy and convenient way of registration renewal; · Corporate account opening is allowed; · No restriction on foreign talent or employees; · Share Capital amount is cheaper that other parts of the world; · No physical office required, for some free zones.
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