A freezone company or a business setup in Freezone operates in the designated special economic areas in Dubai called free zones. Setting up a business setup in free zone in a Dubai free zone is popular amongst investors globally as Dubai has gained the reputation of being the land of vibrant business opportunities and exceptional economic growth. The Dubai government has implemented business-friendly laws and taxation policies to help entrepreneurs flourish in the free zones of Dubai.
Setting up a free zone company in Dubai has lots of perks and opportunities for businesses. The strategic location of Dubai enables business setup in freezone in a Dubai free zone easy access to regional and international markets thus helping businesses in global expansion and sustainable growth. Additionally, the diverse business community within the free zones of Dubai (UAE) help investors and businesses in networking and business collaborations. It is recommended for an investor to do a thorough research on the free zone regulations before starting a business setup in free zone so as to ensure compliance with legal requirements. This research may include understanding licensing procedures, activities permitted in a particular free zone and ownership regulations.
Additionally steps like financial planning, transparent communication with the free zone authorities, adherence to timelines and engaging a reputed consultant familiar with Dubai free zone business set up will help investors in a seamless business setup. In a business setup in freezone investor gets complete ownership and control of the business as no local partnership or sponsorship is required to open a freezone company. Businesses in a free zone have the advantage unlike other companies in Dubai to repatriate their capital and profits to their home countries without any restrictions.
Dubai freezone companies don’t have to pay any corporate or income tax and enjoy a tax free environment and this tax benefit increases their profitability, helping them to stay ahead of their competition. Additionally Dubai free zone companies don’t have to pay any custom duties on imports and exports, making international trade cheaper compared to their competition. Free zones of Dubai have policies where they offer comprehensive business support services such as legal, administrative and consultancy aid to all the businesses established there, this helps businesses complete their regulatory requirements smoothly. Dubai free zones offer top-notch infrastructure like advanced logistics, fast internet and well-equipped offices to a business setup in freezone, making business operations seamless for them.
The key benefits of a Dubai Freezone Business Setup
Full Ownership
Repatriation of Profits
Tax-Free Environment
Custom Duty Exemption
World Class Infrastructure
Strategic Location
Business Support
Skilled Workforce
How to Set up an LLC Company in a Free Zone in Dubai?
Determine Business Activities
Choose the Company Name
Capital Requirements
Necessary Permits and Certifications
Prepare Documentation
Submit Application
Capital Deposit
Dubai Free Zone Visa Guide
Some of the main steps in getting a Dubai Free Zone visa
Dubai has numerous free zones so it is important for investors to research and select the free zone best suited to their needs such as location, business activities, community/leisure, and cost. The free zones in Dubai offer various legal structures for a business setup in freezone such as Free Zone Company (FZC), Free Zone Establishment (FZE), etc. Therefore it is important to choose the one that suits the business model of the investor.
The promoter needs to submit a list of names for the business setup in freezone to the concerned free zone authority, the authorities then check the availability of the appropriate trade name of the business and upon its approval, reserve it for the investor. After the trade name is reserved, the investor must apply for the license and the type of license depends on the type of business activity chosen.
The license documentation may vary between different free zones, but the common documentation includes:
- Passport copies of shareholders and managers.
- Passport-sized photos of shareholders.
- The Business plan.
- No Objection Certificate (NOC) from the sponsor the investor is already on a residence visa in Dubai.
- Memorandum of Association (MOA) and other legal documents.
Freezone Authorities
- Ajman Free Zone
- DMCC Free Zone
- Dubai Airport Free Zone Authority (DAFZA)
- Dubai Media City Free Zone
- Sharjah Media City (Shams) Free Zone
- Dubai South Free Zone (Dubai World Center)
- Fujairah Free Zone (FFZ)
- Hamriyah Free Zone (HFZ)
- Jebel Ali Free Zone
- Rak Free Zone (RAKEZ)
- Sharjah Media City (Shams) Free Zone
- IFZA International Free Zone authority
- KIZAD free zone (Abu Dhabi)
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