Seamless Business Setup in the UAE
Elevate Your Success in a Thriving Hub of Opportunities With HFMC Group
Setting up a business in the UAE is highly advantageous due to its strategic location connecting global markets, political and economic stability, a diversified economy, business-friendly free zones with tax incentives, world-class infrastructure, excellent global connectivity, a thriving entrepreneurial ecosystem, cultural and social diversity facilitating market access, a high quality of life, and proactive government support for foreign investment, collectively making it an attractive destination for entrepreneurs and businesses.
Establishing a business in the UAE can be categorized into two main types: Freezone and Mainland company formation.
A Freezone authority is basically a location in the UAE that has its jurisdiction in the said location. It has its own rules and regulations. Companies that are established in freezone are allowed to do business in there or outside the UAE.
A game changer for entrepreneurs! This is not your typical company setting; it is a licenced venture approved by the famous Department of Economic Development in the heart of the United Arab Emirates.
Company formation starting from AED 6,500
Packages Includes:
| Freezone Emirates | License Fee | License Details |
|---|---|---|
| SPC (Emirates) | 14,750 AED (1 VISA) |
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| STRIP (Emirates) | License Fee: 13,990 AED (1 VISA) |
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| FZA (Emirates) |
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| KIZAD (Emirates) |
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| RAKEZ (Emirates) | License fee: 13,500 AED (1 Visa) |
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Basics of Setting Up a Company (Freezone)
Setting up a business in Freezone is easier. Below are the key steps:
Here are Key Features and Advantages of a freezone
Business Setup:
In many free zones, foreign investors can own 100% of
their business without the need for a local partner, providing full control and ownership to international entrepreneurs.
Free zones often offer tax benefits, including exemptions from corporate and personal income taxes, customs duties, and import/export taxes, creating a favorable fiscal environment for businesses.
Businesses in free zones benefit from streamlined customs procedures, allowing for easier import and export of goods, reduced paperwork, and quicker clearance processes.
Free zones typically operate under a separate legal
framework from the rest of the country, offering a more business-friendly regulatory environment with simplified procedures for licensing and compliance.
Free zones provide modern infrastructure, state-of-the-art facilities, and business amenities, creating an environment conducive to various industries, including manufacturing, logistics, and services.
Free zones often allow businesses to transact in multiple currencies without restrictions, facilitating international trade and financial transactions.
Free zones attract a diverse pool of talent, including skilled professionals and expatriates, providing businesses with access to a qualified workforce.
Many free zones are strategically located near major ports, airports, and transportation hubs, enhancing connectivity and facilitating efficient logistics and supply chain operations.
The business setup process in free zones is typically streamlined, with a one-stop-shop approach that simplifies administrative procedures, reducing the time and effort required for establishing a business.
Businesses in free zones often benefit from being
part of a business community, providing opportunities for networking, collaboration, and partnerships with other companies in the same or related industries.
Companies in the mainland are onshore companies with their licenses issued by the Department of Economic Development (DED) or any related department in other Emirates. These companies are allowed to do business without any restriction in local market and outside UAE. The best part is that you can retain 100% foreign ownership of most types of mainland companies, across most activities. However, do bear in mind that some companies may require an Emirati partner.
The Investor should know the types of companies and legal forms available when starting a business, where the requirements and conditions of issuing commercial licenses vary depending on the nature of the project and its legal form. The Investor must inquire from the concerned authority managing the commercial activity about the legal forms available for the desired type of activity. companies, across most activities. However, do bear in mind that some companies may require an Emirati partner
Company
A company is established by a contract between two or more people whereby each one of them commit
himself to contributing to a business venture aimed at generating profits by providing some form of
capital or work and sharing profit or loss resulting from the venture. A company should take one of the
following forms:
it is a company where the number of partners may not be more than 50 or less than two, and the share of the UAE national or nationals in the firm’s capital shall not be less than %51 of the company’s total shares.
it is a company that consists of two or more partners who are jointly responsible for all its obligations. All partners of a partnership company should be UAE nationals
it is a company that consists of one or more general partners who shall be liable for all its liabilities, and one or more limited partners who shall be liable for the company’s liabilities only to the extent of their respective shares in its capital.
A Private Shareholding Company may be set up by its founders whose number shall not be less than 3 and they should subscribe all its capital that must not be
less than AED 2 million.
A Public Shareholding Company is a company that has its capital divided into equal value and tradable shares, and each partner is liable to the extent of his respective share in the capital.
