Queries You Might Have In Mind?
Queries You Might Have In Mind?
1. What is a free zone firm in the Emirates?
1. What is a free zone firm in the Emirates?
It is a business entity registered within the jurisdiction of a specific economic zone in the UAE, which provides owners with complete ownership, zero tax, and a streamlined setup process.
2. What are the benefits of setting up a company in a free zone?
2. What are the benefits of setting up a company in a free zone?
You gain access to perks such as no import/export duties, quick setup, UAE visa facilitation, full repatriation of profits, and zero income tax.
3. How much does it cost to open a free zone company in the UAE?
3. How much does it cost to open a free zone company in the UAE?
The cost of establishing one depends greatly on the free zone authority you choose, type of license, office space, and number of visas required.
4. What documents should I have to set up a free zone company?
4. What documents should I have to set up a free zone company?
You must have the following documents ready: copies of shareholders' passports, photo ID proof, trade name options, a business activity description, and the application form.
5. How long will it take to set up a free zone firm?
5. How long will it take to set up a free zone firm?
Typically, if your documentation is clean and neat, it will take around 3 to 7 business days. Our experts at YCA can expedite the process, as they are directly involved with the authorities.
6. Can I get the UAE residence visa with a free zone company?
6. Can I get the UAE residence visa with a free zone company?
Yes, free zone companies are eligible to obtain residency visas for their owners, partners, and employees, which can be valid for 2 to 3 years.