Benefits Of Establishing A Business In A Free Zone
- 100% Ownership
- No NOC (No Objection Certificate) is required from the current employer
- No paid-up share capital required
- 0% corporate and income tax
- Flexibility to incorporate in jurisdictions where employee health insurance is not mandatory
- Tax Exemptions
- Full Repatriation of Profits and Capital
- Modern Infrastructure and Business-Friendly Environment
- Industry-Specific Free Zones
- Strategic Location
- No Import or Export Duties
- Flexible Office Spaces
- Networking Opportunities
- Intellectual Property Protection
Most Suitable Locations For UAE Free Zone Company Formation Services
UAE Tourist Visa
UAE Freelance Visa
UAE Family Visa
UAE Golden Visa
UAE Business Investor Visa
UAE Freezone Company Formation Cost
The cost of forming a company in a Free Zone can vary depending on several factors, including the chosen Free Zone, the type of license, the size of the office space, and additional services required. Here are some common cost considerations associated with Free Zone company formation
License Fee, Registration Fee, Office Space Rental, Visa Fees, Additional Services, Customs and Import/Export Fees, Legal and Consultancy Fees.
Types of Business Entities Allowed for Dubai Freezone Company Formation
Free Zone Establishment (FZE): This type of company can be registered with one individual or corporate shareholder.
Free Zone Company (FZC): This type of company can be registered with two or more shareholders. A shareholder can be an individual or a company.
Branch Office: A business with a company in the UAE or a foreign land can have a branch in one of the free zones of Dubai.
UAE Dubai Freezone Company Types and Establishment
There are several Free Zones in Dubai, United Arab Emirates (UAE), each with its own regulations, types of companies and establishment procedures. The period of establishing a company may vary depending on the specific Free Zone, the type of company and the completeness of the required documents.
Dubai Multi Commodity Center (DMCC):
Company Types: DMCC offers various types of companies, including Free Zone Companies (FZC), Free Zone Organizations (FZE) and Branches.
Establishment Period: The process of establishing a company at DMCC typically takes several weeks, and the exact duration depends on the completeness of documents and compliance with regulations.
Dubai Airport Free Zone Authority (DAFZA):
Types of Companies: DAFZA facilitates the establishment of Free Zone Companies, Branches and National Industrial Companies.
Establishment Period: The process of establishing a company at Dafza can usually be completed within a few weeks, provided that all requirements are met.
Jabal Ali Free Zone (CAFZA):
Types of Companies: JAFZA hosts various commercial organizations, including Free Zone Companies (FZCO), Free Zone Organizations (FZE) and Branches.
Establishment Period: The timeline for establishing a company in Jafza may vary from a few weeks to several months depending on the type and availability of the company.
Dubai Silicon Oasis Corporation (DSOA):
Types of Companies: The DSOA allows the establishment of Free Zone Companies and Branches.
Establishment Period: The process of establishing a company in DSOA usually takes several weeks, depending on the satisfaction of all requirements.
Dubai Internet City (DIC):
Company Types: DIC hosts companies in the information and communication technologies (ICT) sector, including Free Zone Companies and Branches.
Establishment Period: the timeline for establishing a company in DIC is usually several weeks, depending on the completeness of the documents.
Dubai Information Park (DKP)
Company Types: DKP focuses on companies in the education and human resource development sectors, including Free Zone Companies and Branches.
Establishment Period: It usually takes a few weeks to establish a company in DKP, depending on compliance with regulations.
Dubai International Financial Center (DIFC):
Types of Companies: DIFC is a financial Free Zone that offers various company structures, including Limited Liability Companies (LLC), Branches and Representative Offices.
Establishment Time: The process of establishing a company at difc is usually efficient and can be completed within a few weeks.
Opening a Corporate Bank Account in UAE Dubai Freezone
Opening a corporate bank account in a Dubai Free Zone involves several steps and requirements. The specific process can vary depending on the chosen Free Zone and the bank you select.
Select the specific Free Zone in Dubai where you have established or plan to establish your business. Choose a bank that operates within the Free Zone where your business is located. Many Free Zones have preferred banking partners, and you may be required to open an account with one of these banks.
UAE Dubai Freezone Required Documents for Opening a Corporate Bank Account
The documents required for opening a corporate bank account in a UAE Dubai Free Zone can vary based on the chosen bank, the type of business entity, and the specific Free Zone regulations.
- Corporate Documents
- Certificate of Incorporation
- Memorandum and Articles of Association
- Trade License
- Board Resolution
- Identification and Residency Documents:
- Passport Copies
- Visa Copies
- Emirates ID
- Proof of Address
- Business Plan or Profile
The Free Zone of the UAE
A Free Zone (or Free Trade Zone) is a designated geographic area within a country where certain economic activities can take place with specific regulatory advantages, often aimed at attracting foreign investment and fostering economic growth. Free Zones are established to create a business-friendly environment by offering a range of incentives and exemptions to companies operating within their borders.
Business Activities UAE
Freezone Licenses
Enables businesses to engage in general trading activities, including the buying and selling of goods.
- Computer software trading
- Food & beverages, plastic bags & containers trading
- Medical gas, acids & alkaline trading
- Agricultural pesticides, perfumes & cosmetics trading
- Wooden products, pipes & fittings trading
- Audio-visual, recording equipment & accessories trading
Permits the import of raw materials, manufacturing, processing, and export of finished products.
- Garments, carpets, uniforms manufacturing
- Pastry & sweets manufacturing
- Fabrics & textiles embroidery
- Mineral water bottling
- Plastic bottles & containers manufacturing
A Free Zone Professional License is a type of business license granted to individuals or firms offering professional services within a Free Zone. This type of license is particularly suitable for consultants, freelancers, and professionals who provide specialized services.
- Electronic, mechanical engineering consultancies
- Science & technology consultancy
- Immigration, educational consultancies
- Health awareness, project management consultancies
- Marketing research, media consultancies, corporate services provider
Allows individuals to operate as freelancers in various fields such as media, design, and consulting. A Free Zone Freelance License is a type of business license specifically designed for individuals who wish to work as freelancers within a designated Free Zone. This license allows freelancers to legally operate and provide their services within the Free Zone while enjoying certain advantages. Regular renewal of the Freelance License and adherence to Free Zone regulations are essential to ensure continued legal operation.
A Free Zone E-commerce License is a type of business license specifically tailored for companies engaged in online trading and e-commerce activities. This type of license is designed to facilitate and regulate e-commerce operations within a designated Free Zone.
Tax and Accounting Service and Support
Our broad range of tax and accounting services helps your business maintain sustainable growth and prepare for long-term financial stability. We help you streamline your accounting processes so you can easily send invoices, reconcile bank transactions, manage expenses, track inventory, and generate insightful reports effortlessly.
Professional Management in Visa Services
We provide services for all visa types.
Our visa application process is professionally managed to provide a smooth experience for you. Our team will assist you throughout the entire application process and inform you about the progress of your application.
Residence Visas, Investor Visa
Working Visa, Family Visas
Golden Visa, Gold Visa
Global Banking Solutions for Your Corporate Needs
Our financial products and services with technology solutions provide an international solution for the global banking sector that is ready to simplify your company’s operations, reduce costs and increase efficiency.
Our services are aimed at helping companies to address business challenges, meet legal requirements and promote growth.
Freezone Company Formation Cost in Dubai
Freezone Company Formation in Dubai Frequently Asked Questions
These zones are established by governments to promote economic activities, attract foreign investment, and boost international trade. Freezone companies often enjoy various benefits, such as tax exemptions, reduced customs duties, simplified import-export procedures, and relaxed regulations. The goal is to create a business-friendly environment that encourages investment, innovation, and economic growth.
Freezone companies are common in many countries and can be involved in various industries, including manufacturing, trading, logistics, and services. Each free zone may have its own set of regulations and incentives, so the specific benefits can vary depending on the location.
The UAE has several free zones, each with its own set of rules and regulations. Companies set up in a free zone benefit from various advantages such as tax exemptions, 100% foreign ownership, and simplified import and export procedures. It's important to carefully review the specific rules and regulations of the chosen free zone, as they can vary.
Tax Incentives: One of the primary benefits of free zones is the favorable tax treatment. Many free zones offer reduced or zero corporate taxes, customs duties, and import/export duties for businesses operating within the zone.
Customs Privileges: Free zones often provide streamlined customs procedures and exemptions from certain import and export restrictions. This can significantly simplify and expedite the movement of goods in and out of the zone.
Foreign Ownership: In some countries, free zones allow for 100% foreign ownership of businesses, which may be restricted in other parts of the country. This can be particularly attractive for international investors.
Regulatory Flexibility: Free zones typically have more relaxed regulatory requirements compared to the rest of the country. This includes simplified licensing and registration processes, as well as fewer bureaucratic hurdles for businesses.
Infrastructure and Services: Free zones often come with well-developed infrastructure, including modern office spaces, warehouses, and communication facilities. Additionally, they may offer a range of support services such as banking, legal, and administrative support to facilitate business operations.
Strategic Location: Many free zones are strategically located near ports, airports, or major transportation hubs, making them ideal for businesses involved in import/export activities.
Business-friendly Environment: Free zones are designed to foster a business-friendly environment, promoting innovation and entrepreneurship. They may offer networking opportunities, business incubation services, and a community of like-minded businesses.
Repatriation of Profits and Capital: Businesses in free zones often have the flexibility to repatriate their profits and capital without facing significant restrictions or taxes.
Employment Flexibility: Free zones may have more relaxed labor laws, allowing businesses to have flexibility in terms of hiring practices, including the ability to employ expatriates.
Incentives for Specific Industries: Some free zones focus on specific industries, such as technology, finance, or manufacturing, and offer tailored incentives to attract businesses operating in those sectors.
Setting up a freezone company in the United Arab Emirates (UAE) involves several steps, and the specific process may vary slightly depending on the chosen free zone.
Choose a Free Zone
Business Activity Approval
Choose a Company Name
Submit Application
Legal Structure
Share Capital and Fees
Memorandum of Association (MOA)
Office Space
License Issuance
Bank Account
Visas for Employees
Compliance and Renewals
Service License: Companies providing services can obtain this license.
Industrial License: Businesses engaged in manufacturing or industrial activities can apply for an industrial license.
National Industrial License: Some free zones offer a specific type of industrial license known as the National Industrial License, which provides additional benefits for companies that meet certain criteria.
Freelance Permit: Some free zones offer freelance permits, allowing individuals to work as freelancers in their respective industries.
E-commerce License: With the rise of online businesses, certain free zones provide licenses specifically for e-commerce activities.
Media License: Companies involved in media-related activities, including publishing, advertising, and broadcasting, may require a media license.
Consultancy License: This license is suitable for companies offering consultancy services.
IT License: Businesses engaged in information technology services may require a specific IT license.
Education License: For companies providing educational services, an education license may be necessary.
Remember that the availability of these licenses and the specific requirements can vary between different free zones in Dubai. Each free zone may have its own set of rules, regulations, and license types.
Customs Duties:
In most Dubai free zones, companies operating within the zone are granted customs duty exemptions on imports and re-exports. This means that goods imported into the free zone or re-exported from the free zone are generally not subject to customs duties.
Import/Export Restrictions:
While free zones aim to facilitate international trade, certain restrictions may still apply, especially concerning sensitive or prohibited goods. It is essential to comply with the rules and regulations of the specific free zone where the business is established.
Customs Documentation:
Companies operating within Dubai free zones are typically required to adhere to proper customs documentation procedures. This includes obtaining necessary permits and clearances for the import or export of goods. The specific documentation requirements may vary based on the nature of the goods and the regulations of the free zone.
Free Zone Regulations:
Each free zone in Dubai may have its own set of regulations, so it is crucial for businesses to familiarize themselves with the rules of the specific free zone where they are established. Free zone authorities often provide guidelines and support to help businesses navigate customs procedures and compliance.