What are the procedures and documents for getting registration for setting up a company in Free Zone?

Posted Leave a commentPosted in FreeZone Company Formation Dubai

After getting the initial approval, the registration fees and license fee need to be paid. Again, the fees depend on the type of license required. After this, you will need to submit the following documents: Completed application for registration Board Resolution appointing Manager/Director (Notarised and attested) Power of Attorney given to Manager/Director (Notarised and attested) […]

What are the requirements for initial approval for setting up a business in Free Zone?

Posted Leave a commentPosted in FreeZone Company Formation Dubai

The following documents are required to secure the initial approval: Completed application form Business plan Copy of existing trade license/registration certificate (if you are an existing company, this is applicable for local company only) Colored passport copies of the company’s shareholder/s and the appointed Manager/Director for the new company Specimen signature of the company’s shareholder/s […]

What are the documents required to get pre-approvals to start a business in Free Zone?

Posted Leave a commentPosted in FreeZone Company Formation Dubai

Companies established in free zones are governed by the rules of the respective free zones. To secure all the required approvals, Bizvest can guide you apply with the documents. The type of documents varies based on the type of business activity, the company type and the norms set by the free zone authority. Freezone Company […]

Please provide some insights on securing a business license for Free Zone?

Posted Leave a commentPosted in FreeZone Company Formation Dubai

The type of business license you will apply for depends on the primary activity of your business. Types of business activities you can conduct in a Free Zone depends on the Free Zone itself. For example, twofour54 focusses on Media and Broadcasting. In DMCC, there are about 600 business activities to choose from. This includes sectors […]

What is the Capital requirement for a business set up in Freezones?

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It depends from one Free Zone to another. There is no minimum capital requirement at twofour54 Abu Dhabi (this free zone is named after the geographical co-ordinates of Abu Dhabi (24° N, 54° E), catering to the demands of the region’s media industry. BBC, CNN, FOX Television, National Geographic Channels, Sky News Arabia, Cartoon Network, Ubisoft, […]

What are the types of legal entities in Freezone to choose from? What are the differences between them?

Posted Leave a commentPosted in FreeZone Company Formation Dubai

Businesses can set up one of the two types of companies: Free Zone Limited Liability Company (FZ LLC) or Free Zone Company (FZ Co.) Free Zone Establishment (FZE) The differences lie in the number of shareholders and whether the shareholder is a natural person or a legal person. Individual free zones have their own set […]

What are some advantages of starting a business in the Freezone?

Posted Leave a commentPosted in FreeZone Company Formation Dubai

Establishing a business in the freezone allows 100 per cent foreign national ownership and there is no need of a local sponsor or local service agent. Waiver of corporate taxes (time-bound and renewable for further periods) Freezone companies are exempted from personal taxes and import & export taxes. Import- Export duty of 5% on the […]

What is the difference between starting a business in Mainland and Freezone?

Posted Leave a commentPosted in FreeZone Company Formation Dubai

The main differences between an LLC and a free zone company (FZC) in the UAE are the mandatory requirements to open a business organization and the limitations of the business activities that are permitted. The limitation is that a free zone company can undertake business activities inside the free zone area and outside the UAE, […]