How to Find the Ideal Free Zone for Your Company Setup in UAE? 

Establishing a business in a free zone is an ideal option for foreign investors to have full control over their business and receive considerable tax exemptions. However, there are around 50 free zones in UAE and selecting one is a cumbersome task. Through this article, we would like to clear things for you so you can choose the best one for your business.

Determine the type of business activity for your business

Every free zone has its own set of specific activities that are allowed to be performed within the jurisdiction. The more activities you choose, the more your license will cost. One way to avoid this is by choosing several activities within one activity group and from the same license type, so you don’t have to pay any additional fees.

Select the facility type your business may require

A business will have many facility requirements depending upon its business activities. If your business requires meeting with clients regularly or you are planning to hire employees, it is better to opt for an office. Take into consideration the availability of these facilities as some free zones don’t offer them. Also, make note that a company registered within the free zone is only allowed to have a facility within the UAE Free Zone where it is registered.

Select a free zone depending on the amount of capital you wish to invest

For registering a company in the UAE, you are supposed to deposit a share capital amount which varies in each free zone. Free zone Company registration cost is another key aspect to consider.

Check the licensing requirements

Every free zone in the UAE has its own type of business licenses. There are three license types available in free zones such as trading license, professional license and service license. Some free zones also offer additional licenses based on the activities of the company. Check the exact requirements before selecting a free zone.

Check the reputation of free zones with local banks

It is better to seek the guidance of a business setup expert who can assist you in opening a corporate account in an established bank in the UAE. Every free zone has different procedures, requirements and licensing costs. Considering the complexities involved, it would be wise to seek the advice of company formation experts for a smooth process. We at Corpin Consultants have a successful track record of handling the company formation process in free zones. Contact us today to know more.