30/05/2022
There are around 40 Free Zones operating in the UAE, with more under construction. Each Free Zone is designed around one or more commercial categories and only offers licenses to companies within those categories.
The main attractions of establishing an entity in one of the UAE's Free Zones is that there are no foreign ownership restrictions and companies are governered by an independent Free Zone Authority (FZA), which is responsible for issuing operating licenses and regulating the activities of companies within the Free Zone.
Investors can either register a new company in the form of a Free Zone Establishment (FZE) or a Free Zone Company (FZC) - an FZE has one shareholder and an FZC has two or more - or simply establish a branch or representative office of their existing or parent company based within the UAE or abroad. An FZE or FZC is a limited liability company governed by the rules and regulations of the Free Zone in which it is established. The provisions of the UAE Commercial Companies Law (CCL) do not apply.
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