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 TECOMFreezone
TECOM specializes in media, technology, and creative industries, providing licenses for a wide range of activities including IT, media, educatiaon, and science.
No, one of the significant benefits of TECOM Free Zone is that it permits 100% foreign ownership, meaning a local sponsor or UAE national partner is not mandatory for company setup. This allows international entrepreneurs full control and profit repatriation.
After successfully obtaining your TECOM business license, the next step is to open a corporate bank account in Dubai. This process typically involves submitting your company incorporation documents (license, MOA, AOA), shareholder and manager details, and completing the bank's due diligence procedures. Our service provides expert support for navigating this process with leading UAE banks.
TECOM Free Zone business licenses require annual renewal. The procedure typically involves renewing your office lease agreement, submitting an application form with updated documents to the free zone authorities, and paying the renewal fees. An annual financial audit is often a prerequisite for license extension.
Generally, a TECOM Free Zone company is licensed to conduct its business activities primarily within the free zone itself. However, for operations on the UAE mainland, specific regulations may apply, often requiring a local distributor or a mainland branch office setup. Consulting with business setup experts is crucial for understanding these operational limitations and compliance requirements.
Beyond initial company formation, our comprehensive business setup services in TECOM include annual support services, PO Box registration and mail management, document translation and attestation, document delivery, customs code assistance, courier services, VIP services, car registration renewal, dedicated relationship managers, and ongoing visa and immigration assistance.
Yes, in addition to 0% corporate and personal income tax for up to 50 years, TECOM Free Zone offers other tax incentives such as 100% capital and profit repatriation and exemption from import and export duties for goods moving within or through the free zone. This creates a highly favorable financial environment for international trade and investment.
TECOM Free Zone fosters innovation and business growth through its vibrant ecosystem, dynamic business communities, and collaborative spirit. It provides specialized infrastructure, networking opportunities, mentorship programs, and startup funding events, creating an environment where entrepreneurs can thrive, exchange knowledge, and access resources to scale their ventures successfully.