What are the Free Zone Options in the UAE?
A foreign investor can set up a company in the UAE either in one of the many free zones or in the UAE mainland. Free zone authorities are the government bodies that register and issue business licences to non-resident companies in the UAE free zone. Free zones allow corporate structures to have a physical presence in the UAE, allow 100% foreign ownership and offer prebuilt facilities and modernised one stop-shop registration and administrative services.
The UAE is one of the most progressive countries in the world, with happy and contented residents and sustainable growth in many areas, including the economy, trade, investment, communications, information technology, tourism and infrastructure. It is, therefore clear to see why countless foreign investors aim to establish their companies here.
When it comes to setting up a company, free zones are well known for their flexibility, especially with regards to choosing the business activity. A wide selection of activities are available, but are subject to approval. Some free zones have recently confirmed updates to their activity lists to include more functional activities. This should help investors in selecting the right activity for their business.