FZC ᐅ Make the right choice!

ᐅ What is an FZC license in Dubai?
An FZC license, or Free Zone Company license, allows businesses to operate in designated free zones within Dubai and the UAE. These licenses provide numerous advantages, including 100% foreign ownership, tax exemptions, and simplified regulatory processes, making them attractive for entrepreneurs and investors looking to establish a presence in the region.

ᐅ What are the benefits of setting up a Free Zone Company (FZC) in the UAE?
Setting up an FZC in the UAE offers several benefits such as full ownership of the business, exemption from import and export duties, no corporate tax for a specific duration, and easy repatriation of profits. Additionally, businesses in free zones enjoy streamlined procedures for licensing, making it easier and quicker to start operations.

ᐅ Can a foreign national fully own a Free Zone Company in the UAE?
Yes, one of the primary advantages of establishing an FZC in the UAE is that foreign nationals can have 100% ownership of their businesses without the need for a local partner. This ownership structure provides greater control and flexibility in business operations.

ᐅ What is the process for obtaining an FZC license in Dubai?
The process for obtaining an FZC license typically includes choosing a business activity, selecting a free zone, submitting required documents such as a business plan and passport copies, and paying the necessary fees. The relevant authorities will then review the application, after which the license can be issued, allowing the business to commence operations legally.

ᐅ How does the taxation system work for Free Zone Companies in the UAE?
Free Zone Companies in the UAE benefit from extensive tax incentives, including a 0% corporate tax rate for a specified period, usually 15-50 years, which is renewable. Additionally, there are no personal income taxes for employees, contributing to a favorable business environment. However, it’s important to comply with local regulations to maintain these benefits.

ᐅ What types of businesses can establish an FZC in Dubai?
A range of business types can establish a Free Zone Company in Dubai, including trading companies, consultancy firms, service providers, and technology companies. Each free zone may have specific industry focus areas, so prospective business owners should select a zone that aligns with their business activities.

ᐅ Are there any restrictions on business activities in a Free Zone Company?
Yes, each free zone in the UAE has designated business activities that are permissible. If a business intends to perform activities outside the scope of those specified, it may need to seek additional licenses or set up a separate entity. It is crucial to thoroughly understand the regulations and guidelines established by the specific free zone authority.

ᐅ Can an FZC have a physical office in Dubai?
Yes, to establish a Free Zone Company, having a physical office or workspace in the designated free zone is a requirement. This office can range from a virtual office to a larger office space, depending on the business's operational needs. Additionally, maintaining a physical presence adds credibility to the business.

ᐅ What are the costs associated with setting up a Free Zone Company in the UAE?
The costs of setting up an FZC can vary depending on the chosen free zone, the type of business, and the specific licenses required. Generally, expenses will include registration fees, the cost of office space, visa fees for employees, and other operational costs. A detailed budget should be prepared to ensure adequate funding for the setup process.

ᐅ How long does it typically take to set up an FZC in Dubai?
Setting up an FZC in Dubai can take anywhere from a few days to several weeks, depending on the complexity of the business structure and the efficiency of the documentation process. Working with experienced professionals can help expedite the process, ensuring that all requirements are met appropriately.

ᐅ What are the visa options available for Free Zone Company employees?
Employees of a Free Zone Company can obtain residence visas to live and work in the UAE, allowing them to sponsor family members. Each free zone has its own regulations regarding the number of visas issued based on office space and business activity, so it's essential to plan accordingly.

ᐅ What support does Cassius Law provide for establishing an FZC?
At Cassius Law, we offer comprehensive support for businesses looking to establish a Free Zone Company in the UAE. Our services encompass licensing assistance, legal counsel on operations, compliance with local regulations, and ongoing support for employment matters. Our experts are dedicated to ensuring your business setup process is seamless and efficient.

ᐅ Why should I choose Cassius Law for my business setup in Dubai?
Choosing Cassius Law means partnering with experienced professionals who understand the local market and legal landscape. We simplify the complexities of establishing a Free Zone Company, providing personalized advice tailored to your business needs. Our commitment to excellence and client satisfaction sets us apart as a leading legal partner in the UAE.

In conclusion, establishing a Free Zone Company in Dubai presents a wealth of opportunities for foreign entrepreneurs and investors. The benefits of 100% ownership, tax exemptions, and a business-friendly environment make the UAE an attractive destination for business. At Cassius Law, we are here to assist you every step of the way. If you have any questions or are ready to start your business journey, please do not hesitate to reach out to us. Our team is eager to support you in navigating the complexities of the business environment in Dubai and ensuring a successful setup for your enterprise.