Business setup In TECOM Free zone
How to Setup a Company In TECOM Freezone?
Key Benefits of Business Setup In TECOM Freezone
Essential Documents for business setup In TECOM Freezone
Cost of Company formation In TECOM Freezone
Our Business Setup services In TECOM include:
Frequently Asked Questions about Business Setup In TECOM Freezone
TECOM specializes in media, technology, and creative industries, providing licenses for a wide range of activities including IT, media, educatiaon, and science.
Establishing a business in TECOM Free Zone offers numerous advantages, including 100% foreign ownership, complete repatriation of profits, significant tax exemptions (0% personal and corporate tax), a strategic location in Dubai, world-class infrastructure, and a business-friendly regulatory environment with streamlined company setup processes.
TECOM Free Zone accommodates a wide range of business activities across its diverse business communities. This includes IT services, software development, media production, publishing, broadcasting, educational institutions, scientific research, light manufacturing, design, trading activities, and various professional services like consulting through specific license types such as Commercial, Industrial, Service, E-Commerce, and Freelancer Permits.
The typical duration for establishing a business in TECOM Free Zone can vary based on the business activity, legal entity, and completeness of documentation. Generally, the company formation process can be completed within 2 to 4 weeks, though some industrial licenses or complex setups might take longer. Our expert assistance aims to expedite the registration process.
The cost of business setup in TECOM Free Zone varies, typically starting from AED 15,000. This investment depends on factors like the chosen license type, office space (e.g., hot desk vs. private office), and the number of UAE Residence Visas required (approx. AED 4,220 per visa). Other fees include Establishment Card (approx. AED 390) and annual renewal (starting AED 15,000).
Yes, generally, TECOM Free Zone requires a physical office or workspace to establish a business presence. Options range from cost-effective hot desks and virtual office solutions to dedicated desks, private offices, warehouses, and light industrial units, catering to diverse business needs and visa quota allocations.
Essential documents for TECOM Free Zone company registration include Passport Copies (for all shareholders, directors, and managers), Residency/Visit Visa copies, a Business Plan or CV, Company Application Form, Memorandum of Association (MOA), Articles of Association (AOA), Proof of Share Capital, and a No Objection Certificate (NOC) from your current UAE sponsor< if applicable.