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Dubai Free Zone License

If you want to start your business in Dubai, the first port of call is thoroughly researching the emirate’s free zones. Once you start, you will quickly realize they offer a range of incredible business benefits to the companies that work within them.

Along with all the headline benefits of doing business in the UAE – such as 0% tax on both personal and corporate income and a highly strategic global location – you can also take advantage of a range of other features.

Free zone companies benefit from 100% import duty exemption, the option to repatriate all capital and profits, zero currency restrictions, and a range of business support services.

That’s before you consider the affordable and straightforward incorporation process – providing that you are fully informed about local business practices at the time you form your company.   So, if you’re ready to get started, please follow this step-by-step guide to Dubai free zone company setup.

Benefits of Setting up Dubai Free Zone License

Free zones are the most favorable locations for business setup equipped with state-of-the-art infrastructure, duty and tax exemptions, world-class business amenities, flexible government policies, and unmatched facilities. These are not the only factors that drive Dubai free zone company formation; there are many more benefits of forming a Dubai free zone company, like

  • 100% ownership for investors, regardless of their nationality and country of origin
  • 100% tax exemption on personal or corporate income or gains
  • 100% repatriation of capital and profits
  • Exclusion from all import and export duties
  • Handy office and warehouse facilities
  • Option for a company set up by an individual
  • Exemption on corporate tax for 15 years, renewable for another 15 years
  • Complete secrecy of operations
  • Flexibility to engage in international business
  • Fewer renewal charges
  • Flexibility to hold properties, participate in multiple activities, and open a bank account in Dubai
  • The option of liquidating anytime
  • Assistance in housing facilities, staff visas, and other support services

List of Free Zones in Dubai

Dubai has more than 20 free zones offering a wide range of activities for company formation:

 

  1. Dubai Academic City

  2. Dubai Airport Free Zone Authority (DAFZA)

  3. Dubai Biotechnology & Research Park (DuBiotech)

  4. Dubai Car and Automotive City Free Zone (DUCAMZ)

  5. Dubai Design District

  6. Dubai Gold and Diamond Park

  7. Dubai Healthcare City

  8. Dubai Industrial City (DIC)

  9. Dubai International Academic City

  10. Dubai International Financial Center

  11. Dubai Internet City (DIC)

  12. Dubai Knowledge Village

  13. Dubai World Trade Center Free Zone

  14. Dubai South Free Zone

  15. Dubai Logistics City

  16. Dubai Media City

  17. Dubai Maritime City

  18. Dubai Multi Commodities Center or Jumeirah Lakes Towers Free Zone

  19. Dubai Outsource Zone

  20. Dubai Silicon Oasis

  21. Dubai Studio City

  22. Dubai Creative Clusters Authority (Dubai Technology and Media Free Zone Authority)

  23. International Media Production Zone

  24. Jebel Ali Free Zone

  25. Economic Zones World

  26. Dubai Flower Centre

  27. Meydan Free Zone

  28. International Humanitarian City

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Types of Licenses Available for Dubai Free Zone License

It is important to be aware of the various incentives that free zones in Dubai provide for license holders like Dubai Airport Free zone is allowing a dual license for its investors. The following licenses are offered by free zone authorities for Dubai free zone company setup:

  • . Trading License
  • General Trading Activities
  • Service License
  • 4. Industrial License

Types of Business Entities Allowed in Dubai Free Zone License

1. Free Zone Establishment (FZE)

This type of company can be registered with 1 individual or corporate shareholder.

2. Free Zone Company (FZC)

This type of company can be registered with 2 or more shareholders. A shareholder can be an individual or a company.

3. Branch Office

A business that has a company in the UAE or a foreign land can have a branch in one of the free zones of Dubai.

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How to Open a Company in the Dubai Free Zone License?

Dubai offers rewarding options for company formation to investors, to set up their business anywhere in the Emirates depending on the type of their business, location (free zones, mainland or offshore), budget, ownership preferences (100% ownership or local sponsorship), and other such factors. There are certain formalities and procedures to be completed in order to set up a business in Dubai-free zones. These need acute planning, knowledge of local culture and government norms, and elaborate decision-making, through different business setup phases.

Procedure to Set Up a Business in Dubai Free Zone License

Choose a Business Activity

Find a Suitable Free Zone

Choose a Trade Name

Gather Important Documents

Apply for a License

Open a Business Bank Account

The steps are explained under Dubai Free Zone License

1. Choose a Business Activity Dubai Free Zone License

Decide a business activity you wish to carry out, as the type of license you apply for will depend upon the nature of the business activity. Many Dubai zones allow for multiple business activities, so have many options to explore.

2. Find a Free Zone

Once you have decided on business activity, the next step is deciding which free zone is right for you. Basically, there are sector-specific zones like IT, healthcare, commerce, trading, etc., therefore, research before choosing one particular zone.

3. Choose a Company Name

Before finalizing a name, you need to ensure that your business name is available to be registered on the Dubai free zone authority portal. There are also certain standards that the name must adhere to, including avoiding any blasphemous language or references to religious or political organizations.

4. Gather all the Documents and Apply for a License

After deciding the business activity and registering the trade name at the portal, the next crucial step is to apply for a license. The type of license depends on business activity. To apply for the same, you need to first fill out the application form and gather the documents, as mentioned in the form. Also, you can make a visa application during this process.

5. Open a Corporate Bank Account

Opening a bank account is an easy process. But to do so, you have to again gather the documents as well as your business license and provide it to the chosen financial institution.

After the 4th step, you will get a valid license within 2-4 weeks, and you are good to go.

Documents Required for Dubai Freezone Company Setup

For a business license:

  • Colour copy of shareholder(s)’ passport and visa, if applicable

  • Application form

  • Business plan

  • Board resolution

  • Memorandum and Articles of Association (MAA)

For opening a bank account:

  • A corporate account opening form

  • A board of directors’ resolution sanctioning the opening of the account, and the signatories to the account

  • A copy of your company’s certificate of incorporation

  • A copy of your share certificate

  • A copy of the company’s Memorandum and Articles of Association (MAA)

  • Copies of passports for all partners in the company

Dubai Free Zone License Cost

It is not easy to tally the total cost of Dubai free zone company formation as the final figure is made up of several components. Along with the cost of the free zone license itself, one also needs to consider the cost of premises if required as well as visa costs

It is possible to pay all of these costs at once, however. Most Dubai free zones offer packages that include a trade license, the use of workspace, and one or more visas for you and your employees. A company formation expert can help you in your search, understanding your needs and your budget before finding a package that fits the bill.

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Business setup in Dubai

Why Set Up a Business in Dubai Free Zones License?

Dubai’s free zones License are extremely popular among entrepreneurs and business owners for company setup due to their reputation of being tax-free zones with free trading ports that can be solely owned by the person who sets it up (irrespective of the nationality). 

Additionally, Dubai free zone  license company formation does not have a restriction that mandates the presence of a local sponsor to act as a point of liaison, which acts as a catalyst for increased foreign investment. Dubai’s free trade zone company registration process is quite smooth and requires only that the share capital arrangements are made prior to applying for a license.

Contact us for Dubai Free Zone License Company Setup

We at BCM Corporate Services LLC, extend our quality services to our clients with well-experienced & qualified Business consultants with rich expertise in document attestation Services in Dubai so Dubai Freezone Company Setup that client’s requirements for Business setup in Dubai. can be completed on time with satisfactory Results outcome. Please feel free to reach us for your Business setup and Dubai Free Zone License Bookkeeping and Accounting Firms in Dubai requirements on our email id: info@branches.ae or call us at +971502585921

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+971-551196792

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