Opening a free zone company in UAE offers several benefits such as 100% foreign ownership, zero corporate and income tax, no currency restrictions, simplified registration process, and access to world-class infrastructure and facilities.

There are several free zones in the UAE, including Dubai Airport Free Zone, Jebel Ali Free Zone, Dubai Multi Commodities Centre, Dubai Silicon Oasis, Sharjah Airport International Free Zone, and more.

To open a free zone company in UAE, you need to submit an application to the relevant free zone authority, along with necessary documents such as passport copies, proof of address, and business plan. We need also send a very specific KYC to goverment and fre zone.

The duration to set up a free zone company in UAE may vary depending on the type of company and the free zone in which it is established. However, the process can typically take between 2-4 weeks.

The costs associated with opening a free zone company in UAE may vary depending on the type of business activity, free zone location, and other factors. The costs may include registration fees, visa fees, office rent, and other miscellaneous expenses.

Yes, a free zone company allows 100% foreign ownership without the need for a local sponsor or partner.

Yes, most free zones in the UAE require a physical office to be established in the free zone to operate the business.

No, a free zone company is only allowed to operate within the free zone and cannot conduct business activities outside the designated area.

A free zone company is exempt from corporate and income tax in the UAE. However, it may be subject to value-added tax (VAT) if the business activity falls under the VAT regulations.

Yes, a free zone company allows the owner and employees to apply for a UAE residence visa, which provides several benefits such as access to healthcare, education, and other services.

Yes, a free zone company can open a bank account in the UAE and enjoy various benefits such as tax exemptions, ease of transactions, and access to international banking services.

Yes, a free zone company is allowed to import and export goods from the designated free zone, without the need for a local partner or sponsor.

Yes, a free zone company can hire employees from within and outside the UAE, provided they have a valid work visa.

The process for renewing a free zone company license in UAE may vary depending on the free zone authority. However, it typically involves submitting the necessary documents and paying the renewal fee.

Yes, a free zone company can be transferred to another person or entity, subject to the approval of the relevant free zone authority.

The process for closing a free zone company in UAE varies depending on the specific free zone you are operating in. However, in general, the process involves submitting necessary documents and paying the appropriate fees. Our team at Elite Consulting Club can assist you with the company closure process and ensure that it is completed correctly.

As of 2018, all businesses in UAE are required to register for VAT if their annual revenue exceeds AED 375,000. The process of registering for VAT involves submitting necessary documents and completing the registration form on the Federal Tax Authority (FTA) website. Our team at Elite Consulting Club can guide you through the registration process and ensure that you are compliant with all VAT regulations.

Yes, it is possible to have multiple free zone companies in UAE. However, each company must have its own trade license and operate independently.

While there are many benefits to opening a free zone company in UAE, there are also some limitations to consider. For example, free zone companies are typically limited to operating within the specific free zone in which they are registered. Additionally, there may be restrictions on the types of activities that the company can engage in. Our team at Elite Consulting Club can provide you with more information on the limitations of opening a free zone company in UAE and help you determine if it is the right choice for your business.