Free zone company

A free trade zone is a geographical area within a country and can be designated or located anywhere within a country. Large manufacturing and trading companies are afforded the opportunity to relocate their entire production line to these free zones , thereby guaranteeing considerable savings on the transport and export of goods to other countries. The main difference between an “Establishment” and a “ Company” is the number of shareholders required. An “Establishment” is a single-shareholder (either a person or a company ) entity while a “ Company” is actually a Limited Liability Company and generally requires or more shareholders.

All free zones might not register both types of companies.

You need to check with individual free zone authorities about the type of company they can register. What is free economic zone? A free zone establishment is incorporated within a designated jurisdiction of the emirate where the company is allowed to do business inside the same free zone or outside UAE. A further 1companies join us every month, of which are new to Dubai.

In order to diversify Saudi Arabia’s economy, the kingdom has implemented two type of free zones that have as main objective attract foreign companies to develop industrial activities in the country: i) the industrial cities and ii) the economic cities. Free zone may refer to:. Luckily, a free zone company you own can act as a sponsor.

You can opt for a free zone company formation in UAE in any of these free zones.

The concept of a free zone , otherwise known as a free trade zone , is to provide free trading and an industry ecosystem within a set jurisdiction. Hence, each free zone has its own set of procedures and restrictions. In general, a company registered under a respective free zone is not permitted to carry out business outside the free zone , i. The free zone company can trade within UAE only through locally appointed distributors. An investor can choose from Flexi-Desk office to fully furnished office spaces.

A freezone company needs a bank account to make transactions and to handle other money matters. Whether you own a buy or sell company or other, a freezone company Bank Account opening is quite a tricky task to do. This is the time when you need an expert account opening assistance to get through the matters easily.

These regions allow manufacturers and buyers to sell and resell, import and export goods without heavy taxations and with the help of world-class infrastructure. An area within a country where imported goods can be stored or processed without being subject to import duty. Also called a free zone , free port, or bonded warehouse. The process can be done remotely, and foreign investors are not required to be physically present in the UAE to establish a new company. Situated in the heart of Ras Al Khaimah in the United Arab Emirates, Ras Al Khaimah Economic Zone (RAKEZ) is a powerhouse business and industrial hub that offers customisable solutions to free zone and non- free zone businesses in a multinational community flourishing in over sectors.

It is incorporated within a designated authority of the emirate where you can run your business operation. In a free zone , companies can deal in trade and export only. A company can also open an extension branch of their business in the free zone.

In terms of employee and employer cases, they follow the law according to the area where the company is registered.

FREE ZONE COMPANY FORMATION IN UAE UAE Allows foreign companies and individuals own 1 shareholding in these companies. There are many free -zones in UAE. Each free - zone has its own specific list of activities that can be performed inside that free - zone. It is a separate business entity with its own rules and regulations. It is allowed to conduct its business activities inside the free zone or outside UAE.

How VAT will impact freezone companies. UAE mainland supplier will not be. It promises to change the face of doing business in the region through the success of KIZAD’s onshore structure and the benefits of an offshore free zone.

We are fully transparent while providing UAE free zone company setup costs, giving you the exact package to suit your needs. The supply of goods from Rose Traders to A-one Traders will be VAT free since the supply is between Designated Zones.