Freezone & Offshore Company Formation

Freezone Business Setup

One advantage of opening a company in a free zone in the United Arab Emirates (UAE) is the business-friendly environment that free zones offer. Tax Benefits: Free zones typically offer favourable tax incentives, including exemptions from corporate and personal income taxes for a specified period, often up to 50 years, depending on the free zone. It’s important to note that each free zone in the UAE may have its own set of rules and regulations, so potential business owners should conduct thorough research and seek professional advice before deciding on a specific free zone for their company.

Starting a Freezone business setup in the UAE presents great opportunities for growth. The UAE, with its business-friendly policies, is a prime spot for company formation. By working with a business formation company like Grovner and Associates, you can easily tap into the region’s vast potential.

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Advantages of a Freezone Business :

1. 100% Foreign Ownership

Previous laws required a local partner which is no longer the case.

2. Lower Startup Costs

Setting up a Free Zone Company tends to be a cheaper option with many government deals offered throughout the year.

3. Tax Free

No VAT or custom duty- as it's a free trading zone.

4. Everything done remotely

You don't have to be in Dubai to setup, relax at home as we can do all the work for you at home.

The Proccess can take:

7 – 10 business days

 Offshore Company Formation

An Offshore Company is mostly for the wealthy entrepreneurs or investors. Most set up offshore companies in Dubai to enjoy the tax-free benefits. It is a good option for holding or investment companies. Offshore companies are known as non-resident companies or international business companies and are controlled by overseas companies or individuals who are not necessarily in the UAE. You get privacy where your name is not listed in the public registry. 

Advantages of Offshore Company Formation:
  • 100% asset protection.
  • Exemption in all types of taxes.
  • It offers easy company incorporation.
  • No tax structure applies to any capital gains or withholding.

There are three jurisdictions in which an offshore company can be established in the UAE: In Ras Al Khaimah (RAK), Jebel Ali Free zone (JAFZA) and Ajman. All three offers 100% foreign ownership, exemption from income tax and corporate tax and no requirement for investment of share capital.

NB: Typically, a larger deposit amount is needed to open an offshore bank account.