Incentives to Investors in UAE Free Trade Zones

1: Procedures of opening a company in the Free Trade Zone :
2: Free Trade Zone License :
3: Service License :
4: National Industrial License :
5: Trade License :
 
 
1:Procedures of opening a company in the Free Trade Zone :
 
To open a company in the Free Trade Zone, the subsequent process has to be followed:
The Free Zone Authority has a survey to review your company’s requirements and whether it can be meet. After propose the survey, you will be given a license application, a list of invoice requisite for planning, consumer appeal for electricity and Form B for environmental concerns if applicable.

Provisional approval is given along with a specimen lease agreement; personnel documents for the License requirement are submitted. After the company representative and the Authority have met and finalized details of the project, actual documents are processed.

top
 
 
2:Free Trade Zone License :
 
When a company is permitted for the Free Trade Zone, it is prearranged one of the following licenses by the Free Zone Authority. These licenses can be renewed annually as long as the lease agreement is in force. Companies with Trade or Industrial licenses can only conduct business within the Free Zone or abroad.
top
 
 
3:Service License :
 
Companies holding a valid license from the respective government body in the UAE can offer banking, contracting service.
top
 
 
4:National Industrial License :
 
Industrial manufacturers granted this license is accorded the same status as a local or GCC Company in the UAE. Share capital must be at least 51% AGCC and 40% of the sale value of the product must be value-added.
top
 
 
5:Trade License :
 
Companies that are legally incorporated in industrial production outside the UAE and are within the Free Trade Zone can be specified an Industrial license. Ownership can be 100% foreign and no Economic Department License is essential. In Industrial License companies that are legally integrated in industrial production outside the UAE and are within the Free Trade Zone can be given an Industrial license.
top