Overview
An experienced entrepreneur was expanding his international business operations and turned to CAS Services for establishing a Freezone company in the UAE. The main objective of the client was to take advantage of the benefits the UAE Freezones had to offer: 100% foreign ownership, tax exemptions, and an ideal strategic location for global trade. He needs expert guidance to ensure a smooth and efficient registration process since this process is complex and there were many Freezone options.
Challenges
He had been surrounded by a number of challenges, out of which some major ones are:
- Jurisdiction Selection: The host of Freezone options granted to every business venture, claiming and promising multiple benefits and various regulatory environments, made it hard to decide on the most appropriate one for the client’s business.
- Regulatory Navigation: Understanding legal requirements and moving around the bureaucracy in a foreign country was a cumbersome task for the client.
- Documentation: Detailed documentation was required for the process in the form of business plans, financial statements, and legal documents, to name a few, which had to be prepared and furnished with accuracy.
- Time Factor: The entire exercise had to be completed within a very short span of time, as the client wanted to coincide establishing the company with their international expansion plans.
Our Solution
- CAS Services provided a comprehensive solution with a customer-centric approach:
- Expert Consultation: We initiated an in-depth consultation to understand the client’s business model, goals, and expansion plans so as to identify the most suitable Freezone jurisdiction.
- End-to-End Management: Our team managed the entire registration process, from picking the right Freezone to the preparation and submission of all necessary documents in full compliance with local regulations.
- Smooth Communication: We maintained good liaison with the Freezone authorities to expedite the approval process and updated the client on every stage.
- Customized Support: On-going support was provided regarding concerns addressed and assurance that the objectives of the client would be met.
Result
- Successful Registration: The Freezone company was registered within the tight time frame that the client had.
- Ownership and Benefits: The client received 100% foreign ownership, together with tax exemption and other Freezone benefits.
- Globalised Trade Facilitation: The client has provided a strategic platform to the international trade with an increased access to the global market.
- Client Satisfaction: The client was very impressed and satisfied with the whole efficiency and professionalism offered by CAS Services, which kept them focused on business growth.
