A Freezone Company (FZCO) is established in a free zone separate from the local U.A.E. market and therefore enjoys innumerable advantages.
The Freezone company is characterized in particular by the non-existent public company register and 100% foreign ownership, in combination with guaranteed tax exemption for 50 years.
Furthermore, a Freezone company offers the possibility to apply for a residence visa due to an employment relationship between the owners of the Freezone company and the Freezone company itself. This possibility does not have to be used, but it offers only advantages.
Business accounts can be opened much more easily and there is no exchange of information with your home country, since you are considered internally by the banks as a resident in the U.A.E.. Establishing a Freezone company in Dubai is becoming increasingly interesting especially for international business outside the U.A.E., as a Freezone company will continue to benefit from the capital gains tax exemption after 01.06.2023.
Likewise, the Freezone company benefits from the VAT exemption through its international operations and the owners themselves benefit from 0% income tax. The incorporation of the Freezone company, as well as the signing of the shareholders agreement, can be done completely online through us as a service provider. Only for the process of stamping the Residence Visa and opening a bank account, your personal presence is required by law.