Setting up a business in a new geographical location is a major advancement to the life of an entrepreneur as well as the already established enterprises. This is attributed to the fact that the UAE business environment is both active and unique with plenty of opportunities for further development. For business entrepreneurs, one of the most promising possibilities is to establish activity in one of the many free trade zones in the UAE. Maydor Consultants is committed to helping businesses avoid all the pitfalls related to freezone business setup in UAE and enjoy the transition.
Setting up a business in a freezone in the UAE means starting a company in one of the many special areas across the country. These freezones create an environment that aims to draw in companies from around the world. They do this by offering a bunch of perks and making it quick and easy to set up a company.
One of the ways that Maydor Consultants has helped its clients to grow their businesses is by providing freezone business setup services in the UAE. With a well-structured and integrated setup process, We make sure that not only is your business setup effectively, but that it is also ready for further development. With extensive knowledge in the regione’s freezone regulations and market, we are able to provide customized solutions in regards to your expansion strategy.
From the first stage, we assist our clients in identifying the most suitable freezone which caters to their business and growth requirements. The structure of this strategic decision can create new sales opportunities, new facilities, and supportive conditions necessary to grow the business. Registration, compliance, and documentation of your designed business is entirely taken charge by our team, and this leaves you space for focusing on growth of business strategies.
Maydor Consultants additionally aids with the additional licenses, permits, and even office spaces where necessary as your business develops. If you are required to extend your office cover or to add in new capabilities of operation, we assist in such endeavors without tampering with your main operations. The reason for this is our good relations with the freezone authorities and real estate development partners who readily assist in procurement of the necessary resources to facilitate your expansion.
Also, we offer focused advice regarding the ways of entry in foreign markets and possible productivity of everyday operations, which allows you to grow your business while avoiding potential pitfalls. We guide you by providing information about the local demand for products and services and the legal requirements that must be fulfilled. All resulting in the best timing and tracking of and support for business expansion activities that are consistent with the overall business strategy.
Maydor Consultants actively follows and comprehends the different freezone regulations and requirements and makes sure that your business setup obtains all the local licensing needed, while taking advantage as much as possible of the freezone advantages. We have specialized in this and therefore plan on succeeding to avoid these common mistakes and to shorten the period in which the order gets approved.
Communication is one of the areas at which Maydor Consultants has managed to achieve a lot. During the period of establishing a business, we offer clear expense structure for all the expenses stating what is the purpose and ensuring no further expenses will arise. Such operational transparency makes you accurate in cost planning and decision making.
Maydor Consultants defers the business by using functional preventative management. This kind of hindsight is what enables us to tackle the problems when they arise and in an effective way without bothering the people more than is necessary.
In case you decide to work with Maydor Consultants, it is worth noting that once the consulting agreements are signed, all clients are allocated an account manager whose responsibility is to look after the client during the setup period. This ensures that you are always kept informed, there is continuity in communication, and someone understands how your business is evolving and its future prospects. Additionally, we offer comprehensive accounting services in Dubai, ensuring that your financial processes are streamlined right from the start. Our managers are always available and quick to respond to all requests and adjustments, enabling an easy and fast setup.
Starting a business in one of the UAE’s freezones is a wise choice for entrepreneurs who want to take advantage of the region’s lively economy. Maydor Consultants can help you handle the tricky parts of setting up your business. We have the knowledge and tools to make your freezone business setup in UAE work out well, whether you’re just starting or you’re a big company looking to grow.
Contact us today to set up a meeting and begin to establish your business in the UAE’s busy freezone market. Let Maydor Consultants be the partner you trust to turn your business idea into something real.
In the UAE, there are now about 40 free zones in operation, and more are being built. Every Free Zone is built around one or more commercial categories and is overseen by the appropriate Free Zone Authority (FZA). Only businesses that fall under these commercial categories will be eligible for licenses.
There are no limitations on foreign ownership, and businesses are subject to an independent Free Zone Authority that issues operating licenses and oversees the operations of businesses operating within the Free Zone. These are the primary benefits of establishing a Free Zone. Therefore, the UAE Commercial Companies Law does not apply to a Free Zone Company.
Despite their many similarities, free zone companies and offshore companies have significantly different criteria and characteristics. This is a common misconception.
Investors have the option to register a new business as either a Free Zone Establishment (FZE) or a Free Zone Company (FZC). An FZE is a limited liability entity with a single shareholder, while an FZC requires two or more shareholders. Alternatively, investors can establish a branch or representative office of their parent company, which may be based either in the UAE or abroad.
An FZE or FZC is a limited liability company governed by the rules and regulations of the specific Free Zone in which it is established. The UAE Commercial Companies Law (CCL) does not apply to these entities.
Before we can begin the process of setting up a Free Zone Company, we will require the necessary documentation and due diligence from each shareholder and director of the proposed company.
Certain UAE Free Zones may require a detailed business plan, depending on the nature of the proposed company’s activities. To support this process, Sovereign offers a variety of business plan templates to assist you.
After establishing a legal presence in one of the UAE Free Zones, the business must lease premises or land and obtain an operating license from the respective Free Zone Authority. The type of license required will vary based on the specific Free Zone and the business activity.
Free Zone Companies with trade and industrial licences can only conduct business within the Free Zone or on an international basis. To sell products in the UAE itself, a UAE official agent will be required and a joint venture will need to be formed
The process starts with an initial meeting to figure out what you need. We then pick the right freezone, take care of registration and licensing, help with visa paperwork, and offer ongoing help. We handle the whole setup so you can focus on running your business.
Freezone setups suit many types of businesses. These include new companies firms that trade goods those that offer services, and ones involved in making products. We shape our services to fit what different industries need.
Typical papers needed are a copy of your passport something showing where you live, a plan for your business, and other important documents. We help you get all the paperwork together and make sure it’s done right.
For clients from other countries, Maydor Consultants give a full service. This includes help to understand UAE business laws, support with getting visas and moving to the country, and help to follow local rules. We make it easy for clients who want to set up shop from overseas.
Maydor Consultants gives continuous help to make sure you follow freezone rules. We keep an eye on rule changes, help with needed updates, and give advice on staying compliant to steer clear of legal troubles.
Establishing a free zone company usually takes one to four weeks and is more costly than establishing an offshore company. With some offshore characteristics, it is regarded as an onshore business. Because it offers a physical presence in the UAE, including office space and visa eligibility, without the need for a local sponsor, this kind of business is perfect for entering the market. Since business operations cannot be carried out directly within the UAE mainland, a Free Zone Company shares characteristics with offshore companies, regardless of whether they operate within the Free Zone or abroad.
No, a company located in a free zone is not allowed to do business anywhere. Usually, its activities are restricted to the Free Zone in which it was founded or to other countries. The firm must choose a local distributor or agent and fulfill certain regulatory requirements in order to operate within the UAE mainland.
Since every Free Zone has its own governing body, each Free Zone has different requirements. But most of them adhere to a similar structure. You can create one of two kinds of businesses in the Free Zone: a Free Zone Company (FZC) with two or more owners, or a Sole Establishment (FZE) with one stakeholder. Corporate and individual stockholders are both permitted.
A manager must be hired to oversee the day-to-day operations of the business. This individual is also typically in charge of managing the bank account and executing contracts on the company’s behalf. Any modifications to the organization’s structure must also be approved by the manager. The management needs to be a
The number of residency visas allocated depends on the type of office or premises chosen. For a Virtual Office or Flexi-Desk option, typically 2 to 3 visas are granted. For physical office spaces, the number of visas is usually determined by the office size, with 1 visa generally issued for every 10 square meters.
