FZC, FZE
Free Zone Company / Solo EstablishmentGeneral Features of all FEZ in the UAE:
- Share of foreign shareholders/owner: 100%
- No taxation
- No export and import duties at all
- Repatriation of capital and profit: 100%
- No currency control and regulation
- Prompt residence visa
- An opportunity to become the UAE tax resident ОАЭ
- A high level of privacy
- Availability of commercial, general trade and service licences.
Note:
The number of shareholders for FZC: from 2 to 50
The min. number of shareholders for FZE: 1
The requirement of the compulsory paid up Authorized Capital depends on the FEZ: certain FEZs do not have it at all, an in those where it applies, the Authorized Capital may be subsequently transferred/ withdrawn in full.
Compulsory Accounting Records.
In compliance with the BEPS minimum package requirements, all onshore companies shall demonstrate their economic substance.
BACKGROUND:
FEZ: | Authorized Capital, AED (min): | Authorized Capital Payment: | The permissible number of visas: | Requirements to Office: | Audit: |
---|---|---|---|---|---|
×
Dubai Multi Commodities Centre:
|
50K–1M |
Mandatory |
Virtual office: 3 visas. Physical office: from 5 visas. |
×
Not available for General Trade License. ×
From 50 sq.m. |
Annually |
×
Umm Al Quwain Free Trade Zone:
|
300K |
Not required |
Service License: from 2 Commercial License: from 2 General Trade License: from 3 Premium: from 3 |
Virtual office Physical office |
Not required |
×
International Free Zone Authority:
|
150K |
Not required |
Service Licence: 0–6 visas. Commercial Licence: 0–6 visas. General Trade Licence: 1–6 visas. Holding Licence: 0 visas. |
Virtual office |
Not required |
×
Ajman Free Zone:
|
185K | Mandatory |
Virtual office: 1-2 visas. Physical office: from 3 visas. |
Virtual office Physical office |
Not required |
×
Ajman Media City Free Zone:
|
50-100K |
Not required |
Business Club: 0 visas. Bronze: 1 visa. Silver Office: 2 visas. Gold Office: 5 visas. |
×
10 hours/month, maximum. Bronze / Silver: shared office Gold: physical office from 12 sq.m. |
Not required |
×
Ras Al Khaimah Economic Zone:
|
100K. |
Not required |
Virtual office: 1-2 visas. Physical office: 3-4 visas. |
×
Not available for General Trade License. ×
9 sq.m. or 15-22 sq.m. |
Not required |
×
Khalifa Industrial Zone Abu Dhabi:
|
150K |
Not required |
For everyone up to 7 visas. |
Virtual office E-Office |
Annually |
×
Jebel Ali Free Zone:
|
Not required |
Not required |
Depends on the office floor space |
×
Min. physical office area: sq.m. |
Annually |
TYPE OF LICENCES:
×Trading permission to a certain group of goods
|
DMCC | UAQ FTZ | IFZA | AFZA | AMC FZ | RAKEZ | KIZAD | JAFZA |
×
Trading permission to all groups of goods without restrictions. |
DMCC | UAQ FTZ | IFZA | AFZA | RAKEZ | KIZAD | JAFZA | |
×
Permission to provide services in the field of consulting, management, IT, design, organization (exhibitions, shows, auctions), storage of documentation |
DMCC | UAQ FTZ | IFZA | AFZA | AMC FZ | RAKEZ | KIZAD | JAFZA |
×
Рroduction permission of certain products |
AFZA | KIZAD | JAFZA | |||||
×
The option to obtain two types of licenses. For example: |
DMCC | UAQ FTZ | IFZA | AMC FZ | RAKEZ | |||
×
Permission to own shares or stakes in the authorized capital of other companies |
IFZA | |||||||
×
Ecommerce Permission |
AFZA | RAKEZ |