Free Zone

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Jumeirah Lakes Towers Metro Station on the foreground.

Free Zone Business Setup

Hayk offers a boutique of high quality and cost-efficient services in line with the client preferences and objectives to set up freezone companies  in the UAE with no hassle. We are here to fully support and encourage you with your business set-up  taking care of all the time-consuming barriers that could hinder you from fulfilling your business dreams.

UAE’s free zones are extremely popular among entrepreneurs and business owners for setting up companies since they are tax-free zones with free trading ports that can be owned solely by the person setting it up (regardless of nationality).

Free zones are the best options to set up a business if customers:

  1. Want to import goods and store them in a warehouse in a free zone and then re-export them out of the UAE.
  2. Plan to open manufacturing units and export finished goods outside the UAE or sell them on the mainland via distributors.
  3. Wish to conduct commercial activity and own 100% of their business. However, he/she cannot conduct operations directly on the mainland.

Benefits of Setting up Business in Free Zones

  • 100% foreign ownership.
  • 100% tax exemption on personal or corporate income or gains.
  • 100% repatriation of capitals and profits.
  • No currency restrictions and foreign exchange controls.
  • Exemption on corporate tax for 15 years, renewable for another 15 years.
  • No import and export taxation.

Types of Companies in Free Zones

Based on the applicable law of the Free Trade Zones investors are entitled to open the following types of companies:

Free Zone Establishment

Also known under the name Sole Establishment.

Free Zone Company

Limited Liability Company with 2 or more shareholders.

Branch Office

Branch of existing or parent company registered in the UAE or abroad.

Recommended Free Zones in the UAE

International Free Zone Authority Fujairah (IFZA)

Sharjah Media City Free Zone (SHAMS)

Ras Al Khaimah Economic Free Zone (RAKEZ)

Sharjah Publishing City Free Zone

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