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BUSINESS SETUP CONSULTANT FOR DUBAI FREE ZONE

Business Setup Service for Dubai Free Zone

Business Setup in Dubai Freezone : The free zone is a place in the United Arab Emirates where a set of activities or trading activities that have already been decided on can be done.Setting Up Business in Dubai A free zone needs a free zone license from the UAE and Dubai, issued based on the business activity of the company.

Licenses of Dubai Free zones are issued based on the specific business activity of a company. New free zone regions are being constructed; hence, the total number of free zones can rise in the upcoming years.

Free Zone Authority has been the governing body to take charge of activities of a Free Zone company related to license issuance and operations.

Business setup in the Dubai Free Zone: There are commercial laws to govern mainland UAE companies that are not applicable to free zone companies. The greatest benefit of setting up businesses in the Dubai Free Zone is that foreign investors can have 100% ownership. Besides their complete ownership benefits, monetary benefits such as 100% repatriation benefits, complete tax exemptions, and no foreign exchange restrictions can be the benefits of free zone company formation in Dubai.

The Free Zone Authority grants Dubai Freezone licenses such as an industrial license, a trade license, a national industrial license, or a service license upon approval of your company for free zone business. Lease agreements for the free zone licenses are manually renewed in the UAE or Dubai.

You have to select the desired free zone jurisdiction based on your business. The business activity must match the preferred free zone category. Offshore companies share the benefits of the free zone companies in Dubai, which are not identical.

Free Zone company benefits

  • Foreign investors can seek 100% foreign ownership of free zone companies.
  • Tax exemption benefits are implemented in the free zone regions. It is devoid of income tax, corporate tax, and personal tax.
  • There are no foreign exchange restrictions in free zone jurisdictions.
  • No hassle in employee recruitment formalities
  • Investors enjoy repatriation benefits from profit and capital.
  • Devoid of import and export charges in free zone entities has the logistic advantage.
  • Suitable for medium-sized and small business establishments and start-up ventures
  • Free zone regions have full-fledged work spaces and offices.
    well-equipped communication facilities.

Cost of Dubai Free zone License

The total cost of setting up a business in Dubai Free Zone includes a fee for registration, a fee for a licence, a fee for a visa, and sometimes other fees.The charges for business set up in the Dubai free zone mentioned here are for your reference. Also, contact us to know the latest cost of the Dubai free zone licence.

Every free zone has its own regulations and policies. The validity of a business licence and its stipulations purely depend on the free zone. Generally, the Dubai free zone licence is valid for only 3 years.

Register Your Business in Dubai Free Zone

Business Entities of Free Zone Jurisdiction

Entrepreneurs and investors rely on three different business entities to form a company in Dubai Free zone jurisdiction.

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Free Zone company

The Free Zone company has a business entity of two or more shareholders.

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Free Zone Establishment

The Free Zone establishment has a single shareholder as a business entity.

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Dubai Branch Office

In Branch Office, the investors form a business entity serving the branch office of parent-concern.

List of Popular Free Zones in Dubai for Business Setup

Free zone entities of Dubai

Business Setup in Dubai Free Zone Forty free zone jurisdictions are operating in the United Arab Emirates. Also, 28 Free zones operate in the Emirates of Dubai. However, Dubai is the preferred Emirate of Free Zone company formation in the United Arab Emirates. Here are major Free zone jurisdictions listed below:

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DMCC

The #1 Dubai Free Zone for company setup, DMCC, provides the physical, market, and financial infrastructure for a commodity marketplace in Dubai.

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Dubai Design District

Dubai Design District, also called D3, is right in the middle of the city. D3 is one of the more recent Dubai free zones that investors and businesses can use.

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Dubai World Central

Dubai South free zone is another name for Dubai World Central. The government of Dubai has a big plan to make this free zone the largest business and aviation hub in the area.

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Dubai Industrial City

The free zone of Dubai Industrial City (DIC) is also called Dubai Industrial Park. DIC is one of the biggest industrial hubs in Dubai. It is a designated district of Dubai wholesale.

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DIFC

Dubai International Financial Centre (DIFC) is one of more than 30 Dubai Free Zones that is strategically placed between the East and West.

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Dubai Silicon Oasis

The DSO is a free zone in Dubai that is owned by the government. DSO supports modern industries based on technology with a master-planned urban community

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DAFZA

One of the most advanced free zones in Dubai is the Dubai Airport Free Zone. DAFZA is the governing body that is in charge of all business registrations and licences.

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Gold & Diamond Park

Gold & Diamond Park presents an advantageous proposition to jewelers and business people in search of premium commercial leasing opportunities,

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Few More

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Dubai Free Zone Business Licenses

Business establishments have legal size and structure that need a trade licence for conducting the operations in any UAE Free Zones.

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Professional License

Professional License for consultancies and service-oriented firms. The manufacturing firms have export and import companies.

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General Trading

General Trading Licenses are used by investors to trade goods and commodities.

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Warehousing License

Warehousing licenses are used by investors to meet the warehousing needs like storage and distribution.

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Business transactions are conducted by Free Zone companies that limit the Free Zone and abroad. Some restrictions in business transactions happen at the Dubai mainland. The commercial license is held by Free zone companies to seek the service of distributors to conduct local or mainland operations.

Black Swan guides you through the complete Dubai Free zone Company Formation process. Black Swan has been a registered business consultant of Dubai to serve clients for over a decade. You can contact the consultants of the Black Swan team for any additional support.

Setting up of Business in UAE Free Zone

Frequently Asked Question (FAQ)

Can I name my Free Zone Company?

Yes, you can! But the registration has to go through the authority and DED approval processes.

How many employees can be included in my free zone company?

The number of employees will be determined by the office space you have leased. If you need more visas, additional fees have to be paid.

Is it necessary to have a physical address to get a company into a free zone?

It is necessary to obtain a facility upon the issuance of a license. You can buy or rent a physical office, a flexi desk, retail space, a serviced office, warehouses, or open land for industrial units.

Is it possible to open a UAE Bank Account with my Free Zone Company?

Yes, you can! There are a wide range of good banks to choose from.

What is the time duration needed to set up a free zone company?

A minimum of 3 to 6 weeks is required to form a company in free zones. But the speed of approvals depends on the activity, attestation, and certification.

Can I trade outside and inside the UAE with my freezone company?

Yes! You can trade internationally and locally but are subjected to the rules and regulations of the free zone.

Do I have to be a UAE resident to open a free zone company?

No! You don't need to live in the UAE or be a resident to open a free zone company.

Can I have a talk with someone to guide me?

Yes! Get in touch with us using any of the options available.