Company set-up in a Dubai Free Zone – The Advantages

Dubai remains the haven of foreign investors due to its tax facilities and ultra modern business infrastructure available. As one of the most desirable investing destinations for foreign enterprisers, Dubai has attracted investors by the hordes with its free zones  and the advantages these offer. Company formation in Dubai is quite easy if one knows the right steps to complete the business registration. But it must be noted that to set up a company in a Dubai free zone, you will need the assistance of local firms.

Dubai’s free zones

Dubai has the largest number of free zones but there is no dearth to several free zones in other emirates in the UAE. Wherever be their physical location, all free zones offer the same advantages. The free zones in Dubai that attract most investors are the Dubai International Financial Centre (DIFC), Dubai Internet City and Dubai Maritime City,.

Why open a company in a Dubai free zone?

Opening a company in a Dubai free zone has many advantages when compared to onshore companies as a local partner is not needed & full foreign ownership is allowed. There are also corporate tax exemptions over a period of 50 years. Each free zone is governed by its own authority issuing and enforcing the local legislation.

Depending on the Dubai free zone to register the company, investors must apply for business licenses related to the industry they want to operate in. Filing the incorporation and licensing documents is part of the same process here. If you want to set up a company in a specific free zone in the Emirate, do get in touch with our representatives who will assist you.

Benefits & Advantages of Business setup in Dubai Free Zone

• 100% possession without the help of UAE sponsor
• No restriction on currency movements
• Faster licensing & business set-up
• Cost of start-up and operational is low
• Personal income tax Exemption
• No visa restrictions for accomplishment with liberal labour laws
• Pre-built structures- offices, warehouses & factories
• Sponsorship, on-site housing and labour assistance Support
• Accessible to air, rail and road transport
• Minimal Import/Export duty
• Flexible & Attractive working environment
• 24/7 operational ability
• Access to skilled professionals
• Transparent laws & regulations
• Sophisticated IT infrastructure with world class data centre
• Zero % corporate tax
• Business support services with quick & efficient operations
• Single window clearances for administrative services
• Full-fledged infrastructure with efficient communication system

List of Documents Required For a business license in Dubai Free Zone:

• Color copy of shareholder(s)’ passport and visa, if applicable
• Application form
• Memorandum and Articles of Association (MAA)
• Business plan
• Board resolution

List of Documents Required For opening a UAE corporate bank account:

• Certificate of company’s incorporation
• Company Trade Licence;
• Company’s Memorandum & Articles of Association (MAA)
• Passport copies for shareholders & authorized signatories.
• A corporate account opening form
• Share certificate copy
• List of Free Zones in Dubai

List of Free Zones in Dubai – UAE

Dubai has more than 35 free zones which offers a wide range of world class facility for company formation:

• Dubai Internet City (DIC)
• Dubai Design District
• Dubai Academic City
• Dubai Biotechnology & Research Park (DuBiotech)
• Dubai Knowledge Village
• Meydan Free Zone
• Dubai Industrial City (DIC)
• Dubai Airport Free Zone Authority (DAFZA)
• Dubai Healthcare City
• Jebel Ali Free Zone
• Dubai World Trade Center Free Zone
• Dubai Media City
• International Media Production Zone
• Dubai Techno Park
• Dubai International Financial Centre
• Dubai Multi Commodities Centre or Jumeirah Lakes Towers Free Zone
• International Humanitarian City
• Dubai South Free Zone
• Dubai Logistics City
• Dubai Creative Clusters Authority (Dubai Technology and Media Free Zone Authority)
• Dubai Outsource Zone
• Dubai International Academic City
• Dubai Car and Automotive City Free Zone (DUCAMZ)
• Dubai Flower Centre
• Economic Zones World
• International Humanitarian City
• Dubai Maritime City
• Dubai Silicon Oasis
• Dubai Gold and Diamond Park
• Dubai Studio City

Types of Licenses Available in Dubai Free Zone for Business Setup

1. Trading License
2. Service Licence
3. General Trading Activities
4. Industrial License

Need help in setting up of business in Dubai Free Zone ? Call us Today on +971-563848204 / +971-522447757

Get help in Free Zone Setup !

Originally posted 2021-09-29 05:45:29.