Currently, there are over 10 Free Zones in U.A.E., which offer the following incentives to the investors:
100% foreign ownership.
No corporate taxation for 50 years – a concession that’s renewable.
Freedom to repatriate capital and income in totality.
No personal income tax.Full exemption from import duties.
No currency restrictions.
No bureaucratic red-tapismNo recruitment problems.
Modern efficient communication.
State of the art infrastructure.
Abundant energy.Attractive working environment.
Owned premises on leased land can be mortgaged.

In general, most of the free zones issue the following types of licences:

	Trading Licence
	Industrial Licence
	Service Licence
	National Industrial Licence

Type of Entity:
A company in any free zone can be established either as a free zone establishment (FZE), Free Zone Company (FZCO) or a branch of the foreign company. Such companies can be owned 100% by foreign investor with no involvement of local partner or sponsor. Some activities may require prior approval from the competent authority depending on the products activity you require.

Duty:
Free Zone company would require U.A.E company as a trade agent if needed to trade within U.A.E. Mainland and 5% custom duty shall be applicable if goods are exported to Dubai from the Free Zone. Outside U.A.E. trading would be permitted to free zone company without any agency arrangement and without any custom duty. No other duty or tax of whatsoever is applicable.

Following Documents Are Required For A Branch Of A Foreign Company To Establish in free zone:

	Memorandum of Association
	The Board of Directors’ Resolution authorizing the opening of the branch office in free zone of Dubai and appointing manager to take full charge of the branch.
	Power of Attorney in favour of the Manager.
	Certificate of incorporation.
	Photocopy of the Directors’ and Manager’s passport. Items (a) to (d) to be attested by UAE Consulate or Embassy in the company’s home country and by the UAE Ministry of Foreign Affairs in Dubai.

Following documents are required to establish a company either as FZE or FZC.

	Passport Copy of shareholders.
	Bank Reference on shareholders.
	Proposed Trade Name.
	Proposed Activities with a brief business plan.

Company Formation in Free Zone

	Dubai Airport Free Zone (DAFZA)
	Dubai Cars & Automotive Free Zone
	Dubai Internet City
	Dubai Metals & Commodities Free Zone
	Dubai Media City
	Gold & Diamond Park
	Jebel Ali Free Zone (JAFZA)
	Knowledge Village
	Dubai Health Care City
	Hamriyah Free Zone
	Sharjah Airport International Free zone (SAIF)
	Ajman Free Zone
	Ras Al Khaima Free Zone
	Fujairah Free Zone

Free Zones offer the following incentives to the investors. Some of the salient features are:

	100% foreign ownership
	No corporate taxation for 50 years; renewable for an additional 50 years
	Freedom to repatriate capital and income
	No personal income tax
	Full exemption from import duties
	No currency restrictions
	No bureaucratic red-tapism
	No recruitment problems
	Modern efficient communication
	State of the art infrastructure
	Abundant energy

In general, most of the free zones issue the following types of licenses:In general, most of the free zones issue the following types of licenses:
• Trading Licence
• Industrial Licence
• Service Licence
• National Industrial Licence

Type of Entity:
A company in any free zone can be established either as a free zone establishment (FZE), Free Zone Company (FZCO) or a branch of the foreign company. Such companies can be owned 100% by foreign investor with no involvement of local partner or sponsor.
Some activities may require prior approval from the competent authority depending on the products activity you require.

Duty:
Free Zone Company would require U.A.E Company as a trade agent if needed to trade within U.A.E. Mainland and 5% custom duty shall be applicable if goods are exported to Dubai from the Free Zone. Outside U.A.E. trading would be permitted to free zone Company without any agency arrangement and without any custom duty. No other duty or tax of whatsoever is applicable.

Following Documents Are Required for a Branch of a Foreign Company to establish in free zone:

	Memorandum of Association
	The Board of Directors’ Resolution authorizing the opening of the branch office in free zone of Dubai and appointing manager to take full charge of the branch.
	Power of Attorney in favour of the Manager.
	Certificate of incorporation.
	Photocopy of the Directors’ and Manager’s passport.

Items (a) to (d) to be attested by UAE Consulate or Embassy in the company’s home country and by the UAE Ministry of Foreign Affairs in Dubai.Following documents are required to establish a company either as FZE or FZC.

a) Passport Copy of shareholders.
b) Bank Reference on shareholders.
c) Proposed Trade Name.
d) Proposed Activities with a brief business plan.