UAE Free Zone (FZ)

Free Trade Zones are designated areas with special tax, customs and import regimes. The UAE has 45+ Free Zones across all seven Emirates.

 

Free Zone companies offer significant advantages to the other UAE jurisdictions as they allow 100% foreign ownership and the ability to issue residency visas. Free Zone companies are playing an increasingly important role in international tax and residency planning and they can be presented in international trade and transactions as a solid legal and operating entity and demonstrate sufficient substance for domestic and foreign banks and tax authorities.

The UAE is a zero-tax jurisdiction and therefore Free Zone entities benefit from zero income and corporation tax, full repatriation of capital and profits and full import and export tax exemption.

 

Loggerhead Corporate Services works with all Free Zone jurisdictions including Dubai South (DWC), Dubai Multi Commodities Centre (DMCC), Jebel Ali Free Zone (JAFZA), Ras Al Khaimah Free Zone (RAKEZ) and Sharjah Media City (SHAMs) having developed strong business relationships with their authorities through years of successful company formation.

UAE Free Zone Benefits

0

% Corporate & Personal Tax

100

% Repatriation of Capital and Profits

100

% Foreign
Ownership

0

% Export &
Import Tax

Ease of setting up corporate and personal bank accounts

Eligibility for residency and work visa

Ability to become UAE Fiscal Resident

Did you know?

 

The Dubai International Financial Centre is one of the largest and most prestigious financial centers in the Middle East, Africa and South Asia region. The DIFC, one of Dubai’s independent Free Zones, offers a secure and efficient platform for businesses to operate in the emerging markets of the region.

 

It is governed by its own independent regulation, common law framework, supportive infrastructure and tax-friendly regime governed by the Dubai Financial Services Authority (DFSA).

Frequently Asked Questions

What documents are required to setup a company in the UAE?

The documents required depend on the type of entity established. Loggerhead Corporate Services advises clients on the most appropriate entity according to their needs and then simplifies the entire process by providing a comprehensive list of the documents required.

 

Please contact us for more information or to arrange an initial private consultation.

What documents are required to setup a company in the UAE?

The documents required depend on the type of entity established. Loggerhead Corporate Services advises clients on the most appropriate entity according to their needs and then simplifies the entire process by providing a comprehensive list of the documents required.

 

Please contact us for more information or to arrange an initial private consultation.

How long does it take to setup an Free Zone Company?

The time it takes to incorporate a Free Zone company depends entirely on the Free Zone selected. Clients can expect to have their company established between 2 and 6 weeks depending on the Free Zone and on the activity of the company (certain activities may require additional approval from government authorities thus lengthening the formation time).

Loggerhead Corporate Services advises clients on the most appropriate Free Zone and company activity according to their needs. Through our strict procedures for company formation and strong relationships with local authorities we ensure our clients a smooth and timely business setup.

 

Please contact us for more information or to arrange an initial private consultation.

Is it necessary to visit the UAE to set up a company?

This will depend on the type of entity selected.

 

· Free Zones – each Free Zone has their own company formation requirements and, as such, there is no one-size-fits-all answer to this.
· Offshore – Offshore companies require each shareholder and director to have visited the UAE at least once (proven by an entry stamp in their passport).
· Onshore LLC companies require all shareholders and directors to visit the UAE to sign the company’s articles of association

 

For clients who are unable to travel to the UAE, Loggerhead Corporate Services can prepare a Power of Attorney which allows us to incorporate the company on behalf of the client.

 

Please contact us for more information or to arrange an initial private consultation.

Are companies taxed in the UAE?

Although the UAE introduced 5% value added tax (VAT) on January 1, 2018, the UAE remains free from all other taxes, including income and corporate taxes.

 

Please contact us for more information or to arrange an initial private consultation.

Are companies taxed in the UAE?

Although the UAE introduced 5% value added tax (VAT) on January 1, 2018, the UAE remains free from all other taxes, including income and corporate taxes.

 

Please contact us for more information or to arrange an initial private consultation.

Can Loggerhead Corporate Services help open a corporate bank account?

Yes, Loggerhead Corporate Services can help clients open corporate and personal bank accounts in the UAE or offshore through our network of contacts across all major local and international banks. We are also well networked with top Swiss Private banks should additional wealth management be required.

 

Please contact us for more information or to arrange an initial private consultation.

How often will I have to renew my company?

All legal entities in the UAE are issued with trade licenses by their respective authority which allows companies to operate in the UAE. Company trade licenses must be renewed on an annual basis (applies for Onshore, Offshore and Free Zones) on their anniversary.

 

Please contact us for more information or to arrange an initial private consultation.

Does Loggerhead Corporate Services provide any additional services to support a UAE business?

Yes, Loggerhead Corporate Services provides a comprehensive list of services to support our clients UAE companies, including: accounting and bookkeeping, payroll services, attestation and legalization of corporate documents, treasury services and bank account opening services.

 

Please contact us for more information or to arrange an initial private consultation.

Related Services

UAE Onshore

 

An Onshore Company is a fully-fledged Company registered with the Department of Economic Development in one of the 7 Emirates.

 

It is the legal entity required for someone to operate within any of the 7 Emirates in the UAE.

 

For clients who wish to substantially expand their business to mainland UAE and require office space and residency visas, the Onshore business setup is the most suitable option.

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UAE Offshore

 

Offshore companies are the ideal choice for businesses who do not require any physical office space.

 

The UAE offers the formation of International Business Company’s (IBC) through the offshore registries located in Jebel Ali Free Zone (JAFZA) and Ras Al Khaimah through the RAKIA Free Zone and RAK Free Trade Zone.

 

From its Dubai office, Loggerhead Corporate Services will facilitate the entire process for incorporating and maintaining Offshore companies.

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Dubai International Financial Centre (DIFC)

 

The Dubai International Financial Centre (DIFC) is one of the largest and prestigious Financial Centre’s in the Middle East, Africa and South Asia (MEASA) region.

 

The DIFC offers a secure and efficient platform and regulatory environment for businesses and financial institutions to operate in the emerging markets of the region.

 

The DIFC is governed by its own independent regulation, common law framework, supportive infrastructure and tax-friendly regime governed by the Dubai Financial Services Authority (DFSA).

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Cyprus Holding Company (CHC)

 

A Cyprus Holding Company does not produce goods or services but rather manages or owns the outstanding stock of other companies.

 

This allows their owners to control more than one company across a variety of business activities whilst benefitting from the favorable tax regime.

 

A Cyprus Holding Company can be classed as either a private limited or public limited company. The private limited liability (LLC) entity is the most commonly used structure from a foreigner perspective.

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Swiss Public Limited Company (AG)

 

The public limited company (AG) is the most widely used legal form in Switzerland. The formation of a public limited company requires a minimum share capital of CHF 100,000, of which 20%, or at least CHF 50,000 must be paid-in by either cash or with a contribution in kind.

 

For companies whose share capital exceeds CHF 1 million, the authorities charge a stamp duty of 1%.

 

Swiss AG companies must pay taxes on capital and income. The corporate income tax rate in Switzerland varies significantly between the different Cantons, ranging from 12% to 23%.

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