Innovate Accounting specializes in assisting entrepreneurs with establishing businesses in various UAE Free Zones. Free Zones, governed by each Emirate's authority, provide distinct advantages such as tax exemptions on customs duties and imports/exports, making them attractive for startups. Despite differing regulatory bodies, Innovate Accounting ensures compliance with all government regulations to deliver premium services for setting up businesses in Free Zones.
Starting a Business in UAE Free Zones
Commencing a business in a UAE Free Zone entails selecting a Free Zone, registering your entity, obtaining a Trade license & visa, and opening a business bank account. UAE Free Zones offer numerous advantages for both residents and non-residents, such as 100% foreign ownership and tax exemptions, making them highly appealing for business registration.
The UAE government has established free zones across different emirates, each catering to specific business activities. With over 44 free zones spread across the UAE, attracting approximately 200,000 companies, these zones vary in focus, setup costs, and required documentation, yet maintain consistent basic requirements.
Document Required to Start a Business in Free Zone
To establish a new company in a UAE free zone, you'll need to furnish specific documents and secure approval from either the GCC or the Arab embassy:
- License application form
- Business card
- Capital for the business plan
- Memorandum of Association (MoA)
- Articles of Association (AoA)
- Copies of passports
- References from banks and licenses of existing business partners (if necessary)
As an investor, adhering to this procedure for initiating a business in a UAE Free Zone is essential. Fortunately, the government has streamlined this process, typically completing it within four weeks.
Company Formation in UAE Free Zones
Innovate Accounting stands out as a premier Business Consultancy Firm, expertly navigating the company formation process in UAE free zones. Our seasoned consultants adeptly aid clients in gathering requisite documents as per free zone authority requirements, ensuring embassy approval.
Seeking guidance for establishing a new business in the Free Zone? Reach out to Innovate Accounting today!
