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Benefits of Setting Up a Free Zone Establishment LLC in Dubai

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Shabil Shukur K K

Published on November 7, 2023, 09:31:20

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Free zone in UAE, best business consultants in UAE, best business consultancies, set up business in UAE, business setup

UAE has made a name for itself amongst all of the Middle East to be one of the countries with a large number of free zones for conducting business. With an abundance of opportunities and benefits, UAE has without a doubt attracted investors and entrepreneurs from all over the globe.

A Free Zone Establishment (FZE) is a type of Limited Liability Company that operates within a Free Zone. This means that the company's liabilities are only limited to the amount of capital paid. An FZE has its legal personality, separate from that of its shareholder, and has all the rights, capacities, and privileges of a person.

FZE is governed by the rules and regulations of the Free Zone in which it is established. The primary purpose of this type of company is to conduct business activities solely within the Free Zone and outside of the UAE. It is important to note that a Free Zone company is not authorized to trade on the mainland.

Advantages of establishing an FZE

The owners of an LLC have limited liability since the LLC is a distinct legal entity. This is one of the most important benefits of operating as a limited liability company. Limited liability means that the individual assets of LLC members cannot be used to satisfy the LLC’s debts and obligations Setting up a limited liability company in Dubai can limit your financial liability. Some other benefits are as follows: 

• Invest and get a partnership

• Visa for investors

• Liberty to rent an office

• No interference and less obligations

• Extensively secure and reliable

There are no payments due for import or export duties.

• A Freezone license allows 100% foreign ownership

• You can apply for a 2-year UAE residency visa for you and your family.

• No Trade Barriers

• Companies are free to trade with other companies within their Free zone jurisdiction. 

Entrepreneurs can apply for UAE residency as an employee or an investor to start a business in a free zone. An Investor visa is valid for two years, requires no deposit, and has a simpler application process without the need for a legalized diploma.

Free zones in the UAE offer investors and entrepreneurs operational leeway and residency options. Foreign companies can enjoy benefits through the visa process. These zones provide ease of business setup, 100% foreign ownership, and eligibility for a UAE-free zone visa. Some benefits are:

• Tax Exemption

•100% ownership

• Efficient financial access

 Is an FZE LLC right for your business?

With a free zone LLC business, expats have complete control. You choose to share splits and partners under an LLC structure in a free zone. FZE LLCs can be highly beneficial as they allow you to access local markets and expand your business activities in the region by simply being present in the area. 

It is essential to hire a business consultant in UAE  to assist with the incorporation process in one of the best freezones in UAE. To ease the process, it is advised to get the help of the best business consultancies before you initiate the process.

For any enquiries or information, contact ask@tlr.ae or call us on +971 43493428Follow The Law Reporters on WhatsApp Channels.

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