Licensing partnerships and sole establishments - UAE Freezones

Free Zone Incentives

An FZE or FZC is a limited liability company governed by the rules and regulations of the Free Zone in which it is established.

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).

The main attraction in forming a company in UAE Free Zones is that there are no foreign ownership restrictions and companies are governfored by an independent Free Zone Authority (FZA), which is responsible for issuing operating licences and regulating the activities of companies within the Free Zone.

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 for an FZE or an FZC

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.

Free Zone Incentives

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.

For Individuals

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.

Our business advisors have been setting up new businesses in Dubai for years and know all the ins and outs. They will be happy to give you the advice that you need and will most likely already have experience in setting up your business type. We are specialists in Company formation in UAE Free Zone.

Our team of professional business consultants is ready to get your company established in an efficient and timely manner. We are always open for your enquiries, comments and suggestions that may help us serve you in a better way!

We look forward to doing business with you!