Dubai, the heart of UAE has countless features but its salient characteristics are its reasonable location and oil industry which play a vital role in its economic growth. It is situated near the coast of the Arabian Gulf s’ why its map of development has changed in the last 20 years altogether. Now Dubai has become well-reputed in terms of business for Europeans because it has introduced new dimensions in the field of business. Its feasible structure attracted traders to invest in free zone companies.
The company formation in the free zone in Dubai has innumerable advantages that produce a lot of profit without any hitch to foreign investors at a high level. Businesses set up in Dubai presented matchless facilities to the investors who were reluctant in this matter. Now they have their own free Zone incorporation which is free from the jurisdiction of the UAE . They have its own rules and regulations. Without any custom duty. It is a completely tax-free zone company.
The free zone authority has complete prerogatives to handle the issues of registration in Dubai. This authority tackles the problems of free zone company registration fees on the whole. Dubai free zone license is a major concern for non-residents. A Free zone Company set-up is now in approach for foreigners.
Advantages of setting up business in Dubai Free Zone
The benefits of a free zone business setup are many. The ideal location makes it very lucrative for trade. Free zones provide many benefits for investors. It is completely under the possession of foreign investors. There is also a chief benefit in a free zone: 100% repatriation of capital and profit. It is utterly free from all taxes. There is no restriction on transferring funds. It is also under the law of free zone authorities. Its freight charges are meagre.
There is no interruption of the government regarding ownership. Investors are fully authoritative in the matter of possession.
The business in Free Zone Company is without duty-free.
Repatriation of capital and profit are 100%
There are no charges, taxes or duties on imports and export. The warehouse facility is completely free.
Any foreign investor can run a free zone company individually.
There is also an exemption on corporate tax for 15 years.
Operations are thoroughly confidential.
Investors can own property and take part in different activities. He can open a bank account easily.
Investors can get visas for staff and other support services and house facilities without any trouble.
Set Up a Business in Dubai Free Zone
Dubai Free Zones
Academic City, widely known as Dubai International Academic City or DIAC, is situated along the southern outskirts of Dubai. It was officially launched in the year 2007 by TECOM Group.
Home to more than 1800 companies and over 15,000 professionals, DAFZA (Dubai Airport Free Zone Authority) is one of the fastest-growing free zones in the UAE.
As the name suggests, Dubai Biotechnology & Research Park free zone was established for all purposes on biotechnology research and research.
Activities available in DUCAMZ are related to trading, selling, maintenance, and repairing of vehicles. Companies can also do activities such as insurance and banking.
Dubai Design District, also known as D3, is a creative community that provides an apt environment for creative thinkers. D3 was established to become a leading destination for design, culture, and art.
The Dubai Healthcare City (DHCC) free zone, established in 2002, brings together core healthcare services, attracting the best in class global and regional names, as well as a network of businesses from hospitality to consultancies and retail outlets. DHCC has its own regulatory body and facilitates end-to-end business setup.
Dubai Industrial Park (DIP) is the residential sector of Dubai Industrial City (DIC). The area features quality commercial and residential properties. DIP is located next to Sheikh Mohammed Bin Zayed Road (E311) and also lies close to Al Maktoum International Airport, Dubai Techno Park and Abu Dhabi.
Dubai International Academic City is a hotspot for higher studies with over 400 undergraduate and graduate programs and over 20,000 international students. Sitting on a whopping 18,000 sqft, it is the world’s largest free zone dedicated to higher education.
Set up in 2004, DIFC was established to oversee the strategic development, operational management and administration of Dubai’s financial companies. The Authority is committed to creating value for its various stakeholders.
DIC (Dubai Internet City) free zone is the leading tech community in the region. With over 1600 companies, 2400+ professionals and more than 1600 business partners, DIC is a hub for investors who want to target global markets. DIC is a part of TECOM investments and is the largest ICT hub in the MENA region.
Dubai Knowledge Village (DKV) is the world’s only free zone in the city of Dubai which is completely into human resource management, professional learning, and educational intelligence. It was established in the year 2003 by the TECOM group. This free zone aims to develop the talent pool in the region and make the UAE a knowledge-based economy. With over 450 business partners, DKV aims to establish itself as a trusted business partner and a center of excellence for business development.
Dubai’s famous World Trade Center has been famous for more than forty years and now with the DWTC (Dubai World Trade Center) Free Zone in 2015, it has become an effective and well-regulated competitive business hub for local and international markets.
It is a gateway to the dynamic markets of the Middle East, Africa, and South Asia – a region with a GDP projected to reach $12.8 trillion by 2022-23. Having such great advantages, it is safe to say that Dubai South Free Zone is one of the most sought-after free zones by investors to incorporate a business.
Dubai Logistics City (DLC), also known as Dubai World Central, is the world’s first platform that was built for the purpose and development of logistics. DLC has been built to promote and provide better logistics and trade facilities in the UAE. Dubai Logistics is a government initiative that is the world’s first purpose-built aerotropolis
Housing the famous media stations like Zee TV, OSN, MBC, ITP and so on, Dubai Media City (DMC) has established itself as the region’s most credible media community. Created in 2000, DMC is managed by TECOM investments and has become a world-class knowledge-based society and community with more than 1400 companies set up in this free zone.
Dubai Maritime City is the world’s most comprehensive maritime complex located on a man-made peninsula between Port Rashid & the Dubai Dry Docks and surrounded by the waters of the Arabian Gulf.
Dubai is the ideal hub for the financial, economic and cultural activities in the Middle East. Dubai has clusters of free zones, among which the Dubai Multi Commodities Centre (DMCC) is the world’s premier free trade zone
The Jumeirah Lakes Towers Free Zone (JLT Free Zone) is the free zone authority for the JLT Free Zone.
Dubai Silicon Oasis was established by the Government of Dubai in 2004 and is a one-of-its-kind Free Zone reputed for world-class innovation
Launched in the year 2005, Dubai Studio City is one among the several media-driven, capitalized initiatives made by the Dubai Holding Subsidiary TECOM Investments.
Dubai Techno Park is an information technology park established in 2002 in Dubai.
Dubai Creative Cluster Authority (DCCA), formerly known as Dubai Technology and Media Free Zone Authority (DTMFZA), was launched in the year 2000 to establish Dubai as a worldwide hub for knowledge-based industries such as media, IT, fashion, movie & production, science & technology, etc
JAFZA (Jebel Ali Free Zone) is one of the most popular and competitive locations to establish your business.
Headquartered in Dubai, United Arab Emirates, Economic Zones World (EZW) free zone is committed to the ownership, operation, management and development of free trade zones and industrial parks under the Dubai World Group.
Dubai Flower Centre (DFC) is the new hub for the growth of the floriculture industry in Dubai. It is located near Dubai International Airport and is established to meet the needs of the developing floriculture centre in the country.
The Dubai Government has recently launched Dubai Humanitarian City (DHC), an initiative focused on facilitating humanitarian efforts on a global platform.
Proceed to Humanitarian City Freezones.
IFZA – International Free Zone Authority is a business hub for new business owners and investors to set up business in IFZA Dubai. As one of the affordable and lowest cost-free zones to set up, IFZA has become a go-to choice for many investors who plan to do business in UAE.
Dubai Aviation City Corporation provides airport construction services. The Company focuses on infrastructure development, new runways and fire stations, cargo terminal, fuel maintenance, and storage services. Dubai Aviation City serves customers in the United Arab Emirates.
Set Up a Business in Dubai Free Zone
Types of Business set up in Dubai Free zone
Free Zone Establishment (FZE) – can be registered with a minimum of 1 or more shareholders
Free Zone Company (FZC) – can be registered with a minimum of 2 or more shareholders (either an individual or a company)
Branch Office – can have a branch office in UAE that reflects the tasks and responsibilities carried out in the parent company.
Types of Licenses available in Dubai Free Zone
For setting up a business in Dubai, a license is compulsory. Licenses differ according to business activities. A company in the Dubai free zone issues different types of licenses for this purpose. The company observes strict rules in issuing licenses.
Holders can perform the same operations as a general trading license plus the benefit of exporting products.
Holders of this license can import, store and distribute goods verified under Dubai Free Zone
Holders can carry out specific services permitted under the free zone.
This license can import raw materials and manufacture products.
Set Up a Business in Dubai Free Zone
Set Up a Business in Dubai Free Zone
Steps to Set up Business in Dubai Free Zones Area
Can a free zone company do business in Dubai? It has become an emerging trend nowadays. You will have to follow the steps to set up a business in the free zone in Dubai.
The selection of a business entity is an initial step.
The proper location for business activities has the greatest importance to carrying on business in a free zone. So, business locations must be in pertinent places.
Trade names must be attractive.
You must have important documents about your business activity.
Application for a license is essential.
There must be a bank account.
Selection of Business Entity
It is the first step to establishing a business in a free zone. First, it is to decide which entity you want to carry out. Your license must be according to your business activity. In a free zone, you can operate different types of activities at a time. The type of license you will apply for depends heavily on what type of business you will begin with.
Select a specific free zone that comes under Dubai Free Zone
The second step is the selection of the proper location because the free zone area offers a lot of perspectives in the business field. Free zones in Dubai have dedicated their selves to serving a certain type of business, for example, Dubai Media City has a focus on media companies from printing to television. Dubai Internet City has everything IT related etc. So your selection of location is important to operating a business.
Available company name
Choose a company name that is available to register in UAE. The name of the company must not be controversial in terms of religion or political perspective, avoiding blasphemous meanings or not referring to any politics.
Documents & License
Once you’ve decided on all the above, getting a license is where you get started. The type of license you apply for will depend on your business activity. We at UAE Company Registration help you take care of all the paperwork while you just relax and wait to get the green light.
Starting a business bank account
Opening a bank account is one of the easiest processes in the UAE that requires only a little paperwork to prove your legality. UAE Company Registration also helps easily open a bank account and set up your funds with the right paperwork.
Dubai Free Zone Company License Cost
Dubai free zone company license cost is not a fixed figure. Dubai free zone cost visa, cost of free zone license, cost of premises very completely. The cost of all required things can be submitted at once. Dubai free zone offers a collective package in this regard. The bulk of the budget must be considered first for setting up business in the free zone.
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