Everybody knows something about the UAE. Somebody has heard about
Abu Dhabi; some people even have been to Dubai, and others want to open
or to move their company there.
Everybody knows something about the UAE. Somebody has heard about Abu Dhabi; some people even have been to Dubai, and others want to open or to move their company there. If you are among the last ones, here is valuable information about the cheapest free zone in UAE.
The first thing you need to know is that, according to experts, the most suitable option for the majority of foreign investors is to build a company in a free trade zone. In this case, you won’t need any local sponsor to own more than half of your company’s shares and receive an annual salary.
The Cheapest Free Zone in the UAE
So now let’s look at the main question. The cheapest free zone in the UAE is Umm Al Quwain UAE. Besides this important factor, it also has another benefit – you can establish a company without actually visiting the country! This option is available for those, who have already been to the UAE and can present the scans of marks confirming the entry, even the tourist ones.
There are a few types of organizations you can establish in Umm Al Quwain:
- FZE (Free Zone Establishment) – a company with one single shareholder (individual or an entity);
- FZC (Free Zone Company) – a company having from 2 to 50 shareholders (also individuals or entities);
- Company’s branch – just your company’s local office (includes both foreign and local companies).
How to Handle the Company Formation Process?
Having company in the UAE gives you a lot of benefits, like:
- Residency visa;
- Tax certificate with tax exemption;
- No annual audits required;
- Favorable import/export terms, etc.
However, it also has some tricky conditions like getting a license for the right type of activity, going through the process of receiving visas and tax certificates for you and your company and so on. That’s why you may need insider support from a local advisor company that will help you handle all these issues in just one day.