The Key Benefits of UAE Free Zone Visas

The Key Benefits of UAE Free Zone Visas Foreign investors have consistently been looking to develop their business in the UAE, especially in the free zones. UAE free zone companies offer ease of business setup complimented by 100% foreign ownership. Moreover, opening a company here would make you eligible to apply for a UAE free zone visa.

There are numerous benefits that come with holding a free zone visa in Dubai. Here is a complete breakdown.

UAE free zone visa: Benefits Free zones allow investors and entrepreneurs to successfully operate their business in the UAE while also allowing residency and operational leeway.

Foreign companies can avail the following benefits if they go through the visa process.

01

TAX EXEMPTION

03

EFFICIENT FINANCIAL ACCESS

02

100% OWNERSHIP

04

LEASE CORPORATE PREMISES

05

ACCESS TO HEALTHCARE

TAX EXEMPTION A free zone visa exempts you from paying any form of import, export or personal taxes. Organisations are also exempt from paying corporate taxes for a specific period and can renew it at a later date.

100% OWNERSHIP In 2018, UAE passed a law which allows foreign investors and entrepreneurs to gain 100% ownership of their company without requiring an Emirati shareholder. As a result, foreign investors would be able to retain full control of the business.

EFFICIENT FINANCIAL ACCESS Having a UAE residence visa immediately makes you eligible to open a bank account, transfer funds and engage in any financial services one can require.

LEASE CORPORATE PREMISES You can lease office space and other premises based upon your needs. There is a benefit of opting for long-term leasing options which can last up to 25 years.

ACCESS TO HEALTHCARE With a UAE free zone visa, residents will be eligible to apply for an Emirates ID and can access the same healthcare services rendered to a UAE resident. This also includes opting for an affordable health insurance policy.

Free zone visa: Important Information The General Directorate of Residency and Foreign Affairs (GDRFA) is the body that issues UAE free zone visas.

The validity of the residency and/or employment visa is up to 3 years. After that, you have to renew it.

Holders of the free zone visa are only eligible to work within their chosen free zones and not outside of it.

Steps to get a free zone residency visa in UAE To get a free zone visa, one needs to be sponsored by their respective free zones. Company formation consultancies such as Shuraa Business Setup easily handle the applications and registrations which are part of the visa process.

01

Registration

02

Entry permit

03

Medical testing

04

Identity card

Registration The first step towards applying for your visa is registering your company. After you incorporate your business, you can apply for a company establishment card.

This will allow you to apply for an entry permit.

Entry permit The entry permit is generally issued within 15 days and is valid for a further 60 days. Changing your residency status while within the UAE or passport stamping upon arrival also activates the entry permit.

Medical testing Applicants have to undergo a basic medical fitness test at centers across the country, consisting of a blood test and chest scan.

Also, you can receive the results of the test within a day.

Identity card The final step is getting your biometrics processed to obtain your Emirates ID. If you have a UAE free zone visa, you can apply for an Emirates ID which allows you access to the same healthcare services as a UAE resident.

Get your free zone visa with Shuraa Business Setup Are you looking to make your presence felt in the UAE? Shuraa Business Setup will help you establish your company with minimum hassle. Our expert corporate advisors handle the A to Z of company formation.

Expedite your entry into the UAE free zones today! To know how to acquire a free zone visa, call us at +97144081900 or send a WhatsApp message on +971507775554. You can also drop in an email at enquiry@shuraa.com and get the answers to all your queries.

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SHURAA BUSINESS SETUP CONSULTANCY

+971 44081900, +971 50 7775554 Sheikh Zayed Road, Office 501, 5th floor, Aspin Commercial Tower, Dubai, UAE info@shuraa.com www.shuraa.com

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