There are over 50 Free Trade Zones dotted across 5 of the 7 Emirates. Companies in a FTZ can be totally foreign owned with no local involvement required, unlike Mainland Companies. Each specializes in supporting one or more licensed business activities and offers unique benefits, such as financial, geographic, facilities, labor and more. They are linked to large logistics centers, ports or airports and offer ready-made warehousing and offices, with exceptionally high-grade infrastructure and utilities. Many FZ represent budget solutions for setting up in the UAE.
Setting up a company inside a Free Zoneprovides unique business opportunities
Run a tradingbusiness
Conduct international trade, export, re-export,but sell goods in the local market of the UAE only through distributors.
Operate amanufacturing facility
Take advantage of duty - free import of rawmaterials, storage within the FZ, and export products outside the UAE.
Manage a servicebusiness
Provide a wide range of services tointernational contractors, including to the FTZ of incorporation.
Residence permit andtax domicile
Obtain a residence permit and the statusof a tax resident (domicile) for shareholders, employees and their families.
Property and assetsregistration
All assets and real estate, including foreignones, can be registered to the Free Zone company.
0% corporate taxes for internationalbusinesses provides genuine justification for setting up a FTZ company.
KYC (Know Your Customer) and CRS (Common Reporting Standard) standards, as well as ESR (Economic Substance Requirements) - the new reality of modern business - require you to confirm that Management and Control of your FTZ company rests in the UAE and not elsewhere. We can recommend effective solutions to achieve this within the parameters laid down by law.
SORP’s solutions for Free Zone companyincorporation
Choosing the right zoneand business model
We will pinpoint the right businessactivity and the license, and the best FTZ for achieving all your business goals.
We tie up legal requirements quicklybecause of our strong cooperations with the licensing authorities as well as knowledge of the procedures.
Opening yourbank account
We guide you through KYCcompliance with assistance in your choice of leading UAE banks. SORP know-how gets things done quickly.
Use our Business Center asyour base for completing KYC procedures and while confirming ESR (Economic Substance).
We do the legwork to obtain visasfor investors, employees and their families, renew licenses, permits and so forth.
We provide integrated legal,tax, accounting and administrative services with full business support and a highly professional approach.
Unique features of doing business in the UAE’sFree Trade Zones
100% foreign ownership
A company registered in the FTZ can befully owned by a foreign investor, without any requirements for a local partner or agent to be involved.
Many business activities supported
FTZs specialize in one or more businessactivities and the range of their options is wide, from investment consulting and healthcare to trade, logistics and more.
Deciding on location is important
Rent or purchase commercial,warehouse, industrial and office premises only in the FTZ of your incorporation – not elsewhere.
Free Zone licensing process is uniqueto each FTZ and depends on the type of business activity you are carrying on.
The number of visas that a companycan get depends on the size of the premises it occupies.
Some Free Zones require submission ofannual financial statements and audits in order to renew the business license.
Some important considerations whenchoosing a Free Zone for incorporation
Infrastructure and logistics
Reputation matters. Banks have their own internal rating of each UAE Free Trade Zone, which they use to determine the relative reliability of companies registered there. That can make opening bank accounts in the future significantly easier. Contractors, too, are aware of the jurisdiction of incorporation. It follows that you should ideally focus on the premium zones if possible or open a Mainland Company instead, especially if you are planning to enter the domestic market.
Integrated solutions from SORP for professionalbusiness assistance to companies in the UAE
Business planningand the right model
We help you plan and implement aproperly licensed business model and solid basis for operations. We will guide you in creating a retail network and accessing global or local markets.
Advice, consultancyand support
We will analyze the market, thecompetition and the relevant legislation. We will suggest the best locations for your business to ensure it can operate in the best and most productive environment.
Local nomineepartner or agent
We will provide a restricted rightsdirector and shareholder to exclude transfer pricing and for concealing the actual beneficiary of company. A waiver of rights is obtained in the Dubai court.
Obtaining taxresidency status
Enjoy tax resident (domicile)status shielding you from CRS requirements for sharing your tax details and for preventing double taxation
We design optimized tax solutionsfor international business within the full scope of UAE legislation, drawing on our wide experience in this field
Confirmation ofeconomic substance
We help fulfil proof of economicsubstance based on the registered location of your company, as well as localized decision making and management, and tax compliance.
SORP’s long experience guarantees the success ofyour operation in the UAE
Tap into our specialist expertise and proven formula for organizing manufacturing businesses. Benefit from our knowledge, processes and tools for solving challenges.
Creating a secure structure, legal and secretarial support, confirmation of the control center, and much more on the SORP Group platform
Shielding your interests
We will ensure the security of your investments and take measures to protect the owners and directors confidentiality
SORP Business Center
A prestigious address based on our business Center in Dubai will confirm the reputation of a reliable counterparty for your clients and partners.
SORP Group corporate lawyers and strategic partnerships with the best lawyers in the UAE and around the world will provide you with prompt legal support for business
15 years of experience
Expert knowledge in opening and supporting companies working in any field of business activities
Register a company inUAE Free Trade Zones
SORP Group experts will put together a professional and comprehensive plan to register your company based on your goals and with full business support services.
You can take the first step today towards creating a successful and profitable business!