Licensing partnerships and sole establishments - UAE Freezones
New Incorporation: Free Zone Establishment (FZE) / Free Zone Company (FZC)
Free Zone Establishment (FZE) is a single share holder limited liability company which can be incorporated in all UAE Free Zone. However Free Zone Company (FZC) will be a similar incorporation with multiple shareholding (maximum 5 shareholders).
Important aspects of an FZE / FZC
An FZE / FZC is a limited liability entity.
Not only natural persons but juristic persons like Companies can also incorporate FZE/FZCs in UAE Free Zone.
FZE / FZC's, like branches of local or foreign companies, will have to get a Free Zone License after incorporation/Registration.
An FZE will be sole shareholder company. An FZC will be multi shareholder company with 2 to 5 shareholders.
No share may be transferred without prior written approval from the freezones
The Financial Years shall be from January to December each year, except the commencement of the first year which shall be the date of Incorporation.
Minimum Legal Requirements
Free Zone Establishments (FZE) / Free Zone Company (FZC) should abide by the FZE / FZC Implementing Rules and Regulations. FZE Implementing Rules and Regulations are equivalent to its Memorandum and Articles of Association where as FZC Implementing Rules and Regulations are equivalent to its Articles of Association.
FZE/FZE should submit its audited financial statements to UAE Free Zone Authority every year within 3 months from the end of the financial year.
There should be at least 2 Directors and a Secretary for FZE / FZC's.
The offices of Director and Secretary may be held jointly by a single person.
Personal details of the Owner
Bank’s reference (Original)
Letter of Appointment for the Manager with specimen signature (Notarized) along with his passport copy and Power of Attorney.
Certificate of Incorporation/Registration of the Company. (Notarized)
Bank’s reference letter regarding creditworthiness of the company. (Original)
Letter of Appointment for the Manager with his specimen
signature (Notarized) along with his passport copy and Power of Attorney.
Upon signing the agreement for Facility Lease and Personal Secondments the Free Zone prepares the license.
On payment, the Free Zone issues the license and all other related documents.
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