What is the meaning of Free Zone Company Formation?
Free zones are the especially geographically demarcated areas in UAE permitting 100% foreign ownership to the entrepreneurs setting up their business. The intent behind formation of free zone areas is to support strategic transformations and to boost the investments. The law of mainland of Dubai and Abu Dhabi are not applicable to these free zones as they have different laws and courts.
Nour Attorneys Law Firm helps in setting up of freezone companies in Abu Dhabi and Dubai. Our highly experienced and qualified team of business advisors and legal consultants provides all services in relation to the setting of companies in free zones situated in Dubai and Abu Dhabi.
What are benefits of Dubai Freezone Company Setup?
UAE is considered as one of the major business hub for investment and business and there are more than 40 different free trade zones in UAE. These free zones are being regulated by independent free zone authority which is responsible in issuing operating licenses and regulating the activities of company established in such free zones. Therefore, most famous free zones are situated in Dubai and Abu Dhabi known as Dubai International Finance Centre (DIFC) and Abu Dhabi Global Market (ADGM). These free zone offers various benefits which are enumerated below;
- It provides 100% foreign ownership without obligation of having a local sponsor
- Tax emption benefits upto 100 %
- 100% exemption on Import and Export tax
- Provides access to world class logistic facilities
- Exemption from corporate tax is provided for limited categories
- Speedy adjudication of judicial matters
- English Common Law governs the subject of law in relation to any dispute arise in a specified freezones such as DIFC, ADGM.
There are various other benefits which are provided to the company and corporation having their establishment in free zones.
What is the role of Company Formation Lawyer?
Our Company Formation Lawyer possess knowledge about the different laws prevailing in various zones and has expertise in assisting clients. Thus, our business lawyer in Dubai plays a key role in setting up of companies in Dubai.
Nour Attorneys Law Firm has a list of happy client who rendered our services in setting up of companies in freezones situated in Dubai and Abu Dhabi. Therefore, our law firm tends to provide the all services in relation to the registration of company in free zones including but not limited to determining the legal entity, choosing a trade name, applying for a business license, all the documentation and formalities, assisting in selecting office space, getting all the approvals and license.
Our highly qualified team of business advisors and legal consultants at Nour Attorneys Law Firm makes sure that no such loop holes are left in the procedure and to deliver the business license to our client in a least possible time. Moreover, our Business lawyer in Dubai works to provide best services to expat entrepreneurs in finding local sponsor for setting up their business venture in Dubai and Abu Dhabi free zones.
In case if you need any suggestion or help in relation to setting freezone companies in Abu Dhabi and Dubai you can contact us freely. Nour Attorneys Law Firm is fully committed to perform their duty and in delivering out the positive results.