The predecessor of Ahmed Bin Rashid Free Zone (ABRFZ) was the free zone of Ahmed Bin Rashid Port and adjacent areas established in 1988. Since its establishment, the free zone has attracted many factories and enterprises to settle in, becoming an important economic area of the Emirate of Umm Al Quwain. The free zone is located on the west coast of the UAE, 30 miles northeast of Dubai. Registering a company in Ahmed Bin Rashid Free Zone can enjoy multiple advantages. The supporting facilities in the park are complete, which is convenient for conducting business activities. Economic activities in the free zone include trade, logistics, manufacturing and other fields. These diversified economic activities provide enterprises with abundant business opportunities and market space.
1. Foreign ownership: Foreign investors can obtain 100% foreign ownership by establishing a company in Ahmed Bin Rashid Free Zone.
2. Geographical advantages: ABRFZ is close to Ahmed Bin Rashid Port and is located on the coast with convenient transportation.
3. Free Trade Zone Features: Companies established in ABRFZ Free Trade Zone can enjoy long-term lease rights, and the zone has supporting water, electricity, communications, accommodation, and warehousing facilities. The Free Zone Authority provides comprehensive management and logistical support for enterprises in the zone.
4. Tax burden advantages: Companies registered in ABRFZ Free Trade Zone can be exempted from tax burdens, including income tax, export tax and import tax.
If you are engaged in light industry or other industries, it is suitable for you to set up a company in ABRFZ.
Ahmed Bin Rashid Free Zone issues service, industrial and trade licenses.
1. Determine the company type and name: Determine the company form (FZE or FZCO) and propose the company name for the free trade zone management agency to review and confirm.
2. Submit application materials: Prepare necessary documents including business plan, application form, shareholders' legal documents and signature samples.
3. Obtain approval and pay fees: Once the application is approved, you need to pay the relevant registration fees and license fees.
4. Open a bank account: After registering the company, open a company account in a local bank.
5. Apply for visas and office address: Apply for employee visas and rent office space as needed.
Companies interested in investing in ABRFZ need to submit a completed application form to the Free Zone Board. The Board will review the project, and after receiving the provisional approval, the company's legal representative will attend a meeting to discuss and finalize the project details. Once the agreement is ready, the Board and the company will sign a lease and provisional agreement, and the company will pay a special license fee before obtaining the license. The lease agreement between the Board and the applicant company is valid for 15 years and can be renewed.
1. Foreign ownership ratio: When registering a company in the ABR Free Zone, foreign investors can hold 100% ownership, without being subject to the UAE company law restrictions of 49% foreign ownership and 51% local ownership.
2. Business scope: Companies registered in the ABR Free Zone cannot directly sell products in the UAE local market and need to go through local agents for sales. If the company's main products can be sold online, they can directly target the market.
3. Office location: Foreign shareholders and directors are not required to reside in the UAE, but the company must have a physical office within the free zone.
4. Other restrictions: Free zone companies are usually not required to hold regular meetings in the UAE, but they must comply with UAE accounting and tax reporting requirements, including submitting periodic financial statements and renewing licenses.
1. Foreign ownership rights: Foreign investors can obtain 100% foreign ownership when establishing a company in the Ahmed Bin Rashid Free Zone.
2. Geographical advantage: ABRFZ is located near the Ahmed Bin Rashid Port, situated along the coastline, providing convenient transportation.
3. Free zone features: Companies registered in the ABRFZ free zone can enjoy long-term leasing rights, with access to supporting facilities such as water and electricity, telecommunications, accommodation, and storage. The free zone authority offers comprehensive management and logistical support to businesses within the zone.
4. Tax benefits: Companies registered in the ABRFZ free zone can be exempt from tax liabilities, including income tax, export tax, and import tax.
The company registration license types in the Ahmed Bin Rashid Free Zone (ABR Free Zone) mainly include the following:
1. Special License (Industrial License): Suitable for businesses engaged in industrial and manufacturing activities. The fee for this license is $545, valid for one year, and requires annual renewal.
2. General Trading License: Suitable for trading companies. The fee is $1,362, valid for one year, and requires annual renewal.
3. Management Consultancy License: Suitable for consultancy businesses. The fee is $1,362, valid for one year, and requires annual renewal.
Zhuoxin Consulting relies on its Chinese service network and Dubai executive team to provide professional one-stop business services without communication barriers for Chinese companies to enter the Middle East market. Its business covers company establishment and maintenance, accounting and taxation, bank account opening, PRO services and business services.
Zhuoxin Consulting has high-quality business resources and maintains close cooperation with many free zones, bankers and tax departments in the UAE to escort your expansion in the Middle East market.