Eirmon Corporate

Address: Office 409, Bays Water Tower, Business Bay, Dubai

UAE Free Zones

Advantages of a

UAE FREE ZONE LICENSE

100% Foreign Ownership

One of the most significant advantages of setting up a free zone company is that foreign investors can own 100% of the company without requiring a local sponsor or partner. Hence, investors can maintain complete control and make strategic decisions without any external interference.

Tax Exemptions

As of now, the free zone companies in Ras Al Khaimah have been enjoying complete tax exemptions. However, starting June 2023, companies with an annual profit turnover of more than AED 375,000 will be required to pay a corporate tax of 9%. And this is still one of the lowest corporate tax rates in the world. 

No Currency Restrictions

Another benefit of setting up a free zone company is that there are no currency restrictions. Investors can freely repatriate all of their profits and capital without any restrictions or barriers, making it easier to manage their financial operations.

Easy Company Setup

Setting up a free zone company is relatively straightforward, with a streamlined registration process and minimal paperwork. This makes it easier and more cost-effective for investors to start their business quickly and efficiently.

Access to Global Markets

Free zone companies in UAE have access to a vast network of global markets, including Europe, Asia, and Africa. This makes it easier for businesses to expand their operations and reach new customers, ultimately leading to increased profitability and success.

Customs Duty Waivers

Customs duty waivers for free zone companies significantly enhance their competitive edge by lowering operational costs. This allows these businesses to more effectively attract international investment and increase their profitability by minimizing import/export barriers.

Types of UAE Free Zone Licenses

Allows companies to engage in importing, exporting, distributing, and storing items specified on the license. Sometimes referred to as a Commercial License.

Issued to companies engaging in activities related to media, advertising, communication, and related fields.

Allows the holder to manufacture, process, assemble, and package specific products. This license often requires a physical office or warehouse within the free zone.

Permits the holder to provide services specified in the license within the free zone. This can include consulting services, accountancy, legal firms, etc.

Dubai Free Zones

Explore Dubai’s dynamic business hubs; gateways to innovation and commerce.

Abu Dhabi Free Zones

Discover Abu Dhabi’s thriving free zones, fostering growth and connectivity.

N. Emirates Free Zones

Navigate through the diverse economic landscapes of the Northern Emirates’ free zones.

Schedule An Appointment

Just submit your details and one of our financial advisers we’ll be in touch shortly.