Free zone is a particular geographical area in the emirate where 100% foreign ownership is allowed. Free zones do not require partnership with a UAE citizen or with a local service agent.
minimum share capital requirement amounts to AED 100,000 (USD 27,397). The price of one share in FZE company shall equal AED 100,000, and in the company with several shareholders (FZCO) AED 10,000 shall be a cost of one share.
1 year only, as in any other emirate, after which the license needs to be renewed.
DSOA requires all companies registered with the free zone to submit audit reports on an annual basis.
Company’s license is due for renewal prior to its expiration date, otherwise, penalties for late renewal apply.
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