According to the laws in UAE, each Emirate can set up "free zones" for general or industry-specific activities to encourage foreign direct investment. The Free zone entities generally do not require any UAE nationals as owners. For each Emirate there are at least two free zones, while Dubai alone has more than 20.
Each zone has its own laws and regulations, sometimes referred as "offshore" jurisdictions. In a free zone, entities can have 100% foreign ownership and there is no need for a local service agent for a branch or representative office.
The types of companies available within free zones differ, but some of the basic among them are:
Subsidiary (for example, companies with suffix DMCC, JLT, FZ-LLC, FZE, FZCO)
Onshore zones are ruled by federal laws and regulations. The most common types of companies within the onshore jurisdiction for corporate clients are:
Limited Liability Company (LLC)
Sole Establishment/Professional License
An LLC in the onshore jurisdiction requires a 51% local UAE shareholder. For a branch office, a representative office or a sole establishment in the onshore jurisdiction it requires a local service agent to be their representative
Advanatages of UAE Free Zones :
No personal income or capital gain taxes
100% foreign ownership is allowed in free zone business
No corporate taxes
No duties on import or export
100% repatriation of capital and profits
Modern efficient communications
Liberal labor laws and no recruitment problems
Attractive working environment
No currency restrictions
Excellent support services
How Legal Maxims can assist you:
Advice and consultancy—what corporate structure best suits your current and future plans.
Draft documents, assemble files and manage submissions, translations, notarizations and legalizations
Visa and work permit processing with Emirates ID
Partnership options for Professional, Branch Office and Dubai Offshore Company.
Seek approvals from Free Zone Department, Ministries, Department of Planning and Civil Defense.