Free Zones

Free Zone advantages to establishing a company in 100% foreign ownership , 100% repatriation of capital and profits , 100% corporate and personal income tax exemptions, Exemption from all import and export duties (but you cannot import into mainland UAE)
Amak Group

Free Zones

There are a number of advantages to establishing a company in a Free Zone, including:
• 100% foreign ownership
• 100% repatriation of capital and profits
• 100% corporate and personal income tax exemptions
• Exemption from all import and export duties (but you cannot import into mainland UAE)
There are also some additional benefits of trading within a Free Zone. Many Free Zones arrange regular training and networking events which are usually free to attend. Most have meeting rooms available to hire privately for a fee, and many will encourage members to share business opportunities within that Free Zone.

THE BENEFIT OF SETTING UP A COMPANY IN DUBAI FREE ZONE
Company formation in the Dubai free zone is faster due to lesser documentation and administrative requirements. It typically takes 3-4 days to set up a business in Dubai . What makes Dubai an ideal location for international operations is that the Dubai government grants special privileges for company formation in Dubai, free zones, which enterprises in the mainland do not receive.

Setting up a company in the Dubai free zone has the following advantages:

  •  100% foreign ownership over your company is permitted. Hence, it attracts foreign investors to start their companies here.
  •   Complete repatriation of profits and capital is allowed to investing companies
  • Investors get complete privacy with no compulsory audit reporting every quarter. This saves time and resources, giving them freedom and space to work on their business expansion.
  •  You get the flexibility to hold property that is to be utilized for business purposes
  •  You are allowed to open a bank account and transact in multiple currencies. This makes it easier to make international trades.
  • The process of company formation is very quick and simple as Dubai has business-friendly policies and straightforward documentation work
  •  A well-developed transportation system makes commuting easy and also supports trade between different emirates and also with the neighbouring countries.
  •  Availability of predesigned and customized warehousing facilities allows industries and trading companies to set up a business in Dubai free zone.
  •  The absence of bureaucratic red-tapes smoothens the process of company formation in Dubai
  •  You receive tax benefits like 100% exemption on corporate and personal income or profits
  •  Import or export duty is nil or very low, which makes it exceptionally important for the trading companies
  •  You receive support in getting housing facilities or acquiring staff visas
  •  Minimal restrictions on recruitment of labour and the government of Dubai also allows hiring foreign employees. Thus, you have complete control over your workforce.
  •  Availability of shared services with other companies

BENEFITS OF SETTING UP A COMPANY IN SHARJAH FREEZONE
The diversification of the economy in Sharjah provides great advantages for setting up a company in Sharjah Free zone. The extra incentives to start-ups in this region make us at AMAK Group advise you to set up a company in Sharjah, free zone, and enjoy the opportunities for foreign investors. Here are some other reasons to set up a company in a free zone in Sharjah:

  • Unlike other Emirates, Sharjah does not have any restrictions on the currency which allows investors to easily invest and set up a company in Sharjah Free zone.
  • The UAE government of UAE respects confidentiality and hence a company set up in Sharjah Free zone does not require an audit every year. Thus, it can put its resources to better use.
  • Business owners enjoy the freedom of selecting the type of activity they want to be involved in unlike other emirates.
  • Setting up a company in Free Zone allows easy Visa processing. This allows companies to bring professionals from all over the world to collaborate.
  • There is no capital requirement of any type, thus attracting investors from different parts of the world, thus aiding the faster economic development of the UAE.
  • 100% foreign ownership is allowed

BENEFITS OF SETTING UP A COMPANY IN AJMAN FREE ZONE
As the competition is growing in the world, the Ajman free zone has become the top choice for businessmen. The region is full of opportunities for global economic trades. The Ajman free zone has the potential to provide investors a good return. Thus, they can enjoy a wonderful lifestyle in their preferred location. You can easily find enthusiastic and competent workers, craftsmen, and helpers here. Free zones are evolving to adapt to the growing economic demand of investors. These regions cover all the industrial aspects. Some of them are the use of alternate energy, zero import and export charges, and full business rights. Below are the reasons why you should set up a company in Ajman free zone.

  • The process of company formation in the Ajman free zone can be completed within a few days. This is one of the major benefits of starting a new venture in the free zone. All the legal paper works get authorized by the local bodies within 24 hours.
  • The area is perfect for almost all types of business trades. You can get the industrial certificate, as well as the professional certificate, to set up a company in Ajman free zone.
  • With the help of consultancy firms, you can open your bank accounts in the right bank which offers stability and trading in foreign currency.
  • The company will not be liable for paying any kind of import and/or export tariffs to the government. Any new business can flourish in the Ajman free zone.
  • The entrepreneurs do not have to pay custom duty fees to receive goods and services. Only 5% VAT is levied on importing goods from a foreign land
  • Investors tend to prefer their business formation in the Ajman free zone because of zero duty charges.

BENEFITS OF SETTING UP A COMPANY IN RAS AL KHAIMAH FREEZONE
AMAK Group helps you evaluate the strategic options present and choose the best free zone depending on your business model. With no company tax on foreign possession and lower origination prices compared to different emirates, setting up a company in Ras Al Khaimah free zones remain among the best options. Some other reasons to set up a company in a free zone in Ras Al Khaimah are listed below

  • The presence of many ocean ports settled close to the Persian Gulf gives RAK Free zone a strategic head starts in trade and ease of business.
  • The government of the UAE has created a support network for new businesses to grow in these free zones.
  • Foreign investors are allowed to get residence visas quicker than in alternative metropolis free zones.
  • New business ideas can be applied in these free zones as they provide the market for innovations and accept better and advanced products easily.
  • Foreign investors are allowed to get residence visas quicker than in alternative metropolis free zones.
  • With so many companies present, there is also an extensive consumer base here. Thus, company formation in Ras AL Khaimah free zone will have access to opportunities to innovate and raise the demand for the newly developed products
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