Open Free Zone Establishment in Dubai
Open Free Zone Establishment in DubaiUpdated on Monday 20th February 2017
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The opening of a free zone establishment (FZE) in Dubai is a promising opportunity for many foreign investors. The number of FZE in Dubai continues to rise thanks to the advantages that this type of company offers in matters of ownership, taxation and simplicity of the formation procedure. Our Dubai attorneys are can give you more information regarding the registration procedure of a FZE in Dubai.
Requirements for the opening of a FZE in Dubai
The free zone establishment in Dubai needs to declare a shareholder that can be either you or your home company. If you chose to declare as a shareholder your home company, you will need to have a certificate of incorporation and a memorandum of association, recognized by the local authorities. For more than one shareholder your establishment must take the form of a free zone limited liability company(FZ LLC).
The next step to be done in the opening of a FZE in Dubai is to settle the capital for the enterprise. Depending on the free zone in which you intend open your FZE, the minimum share capital might vary from 150.000 to 1 million AED.
Some more steps of the FZE formation are the choice of a name for it and the obtaining of a business licence. On this document you must fill as well the name of the manager that you have chosen to administrate the company.
Our law firm in Dubai can assist you with the elaboration of the needed documentation for the registration of your free zone establishment in Dubai.
Advantages of a FZE in Dubai
The reasons for which so many foreign investors decide to open a free zone establishment in Dubai are the advantageous business conditions offered by the commercial climate in Dubai. The authorities offer favorable conditions for the companies such as:
- • 100% ownership;
- • the fact that the company can have only one owner;
- • facility of opening a bank account in Dubai;
- • 100% confidentiality;
- • 0% tax;
- • low renewal charges;
- • simple liquidation procedure;
- • facility for conducting international business;
- • business activity is not restricted to only one domain;
- • permission to hold properties.
Please feel free to contact our lawyers in Dubai for legal guidance in the formation of free zone establishment in Dubai.