When you got acquainted with the information about the United Arab Emirates and the overall business benefits of this country, the next important aspect is choosing a place to establish a company - in what Emirates of the UAE and in what free economic zone to register your company.
There is no any perfect recipe, namely for this reason the country has more than 35 free economic zones. Each of them has its own specifics, advantages and disadvantages.
Answering the question on what is the best free trade zone in UAE there is no definite answer. It all depends on the requirements and it is necessary to choose the free zone which suits the best your specific necessities.
We will list the most basic parameters of those that are important to consider when choosing a free economic zone in the UAE for the registration of a company:
- The main factor is, of course, permitted activities in a certain FEZ. Exclusively specialized free economic zones match certain specific activities.
- The second factor is availability of infrastructure - both on the area of the FEZ and on the neighbouring area - port or airport (if necessary), warehouses, availability of housing for employees and owners, etc.
- Availability and cost of premises required directly for business. If your business does not require real business spaces, the choice becomes a little bit easier, but if you need real space – office, production space, storage, etc. - the choice becomes much more limited. At the same time, the limitations are not caused only by the parameter of cost of space for business, but by their availability as well - in some FEZs all the spaces are fully occupied, and you have to wait a considerable time until the space you need will be vacated, or look for alternatives in other FEZs.
- Regulations on the number of visas that can be issued per company. In this regard the requirement of the FEZs may vary significantly.
- Requirements on the mandatory availability of the company's physical office or possibility to register a legal entity with a virtual office. In various FEZs in this regard the requirements are also very different – somewhere it is possible to register a company without any real office, but somewhere its availability is the obligatory prerequisite.
- Authorized capital requirements. In some Free Economic Zones there are no requirements on payment of the authorized share capital, in some others the insignificant amount of the authorized share capital is required, and in some the required amount of the authorized capital may very significant - 100 thousands U.S. dollars and more.
- Time of registration of company. In this factor, there are also very noticeable differences. And, though the time of registration is usually not fundamental, in some cases this time factor becomes very important. For example, if in the very near future a contract is planned to be signed, a functioning company may be needed as quickly as possible.
The above factors are just the most important of those that need to be taken into account when choosing the place to register a company in the UAE – an Emirate and a specific free economic zone.
Taking into account these factors, as well as other parameters, you would be able to define what it the best free trade zone in UAE and is perfectly matching your aims.
If you face difficulties with the choice of place of registration of your legal entity in the UAE - write us - we will help you choose the option most suitable for your needs.
