Free Zones (also known as free trade zones) are designed to boost international business by providing 100% ownership to expatriates, and single-window administration convenience.
Free Zones in Dubai
Dubai International Financial Centre (DIFC) Free Zone
Dubai International Financial Centre (DIFC) is an independent free zone established in 2004.
Dubai Silicon Oasis (DSO) Free Zone
Dubai Silicon Oasis Authority (DSOA) was established in the year 2005 with an aim to promote and facilitate
Dubai South Free Zone (DWC)
Dubai South Free Zone (name changed from Dubai World Central) is an economic zone around Al Maktoum Interna
Dubai World Trade Centre (DWTC) Free Zone
Dubai World Trade Centre (DWTC) is a free zone extending over a million square feet, known for its internat
Jebel Ali Free Zone Authority (JAFZA)
Jebel Ali Free Zone is a free economic zone located in the Jebel Ali area at the far western end of Dubai,
Dubai Academic City Free Zone
Education is the first step that gives a shape to an individual’s life.
Dubai Biotechnology and Research Park Free Zone
The Dubai Biotechnology and Research Park, referred to as DuBiotech for short, was launched at the beginnin
Dubai Industrial City Free Zone
The industrial revolution that took place in Great Britain between 18th-19th centurie
Dubai Internet City Free Zone (DIC) Free Zone
Dubai Internet City (DIC) is an information and communications technology (ICT) cluster holding 1.5 million
Dubai Logistics City Free Zone (DLC) Free Zone
Dubai Logistics City (DLC) is the first fully integrated logistics zone supported by all transport media, l
Dubai Outsource City (DOC) Free Zone
Dubai Outsource City (DOC) is a free zone dedicated to local and international outsourcing companies.
Dubai Studio City Free Zone
Dubai, one of the seven emirates of UAE, situated in the Middle East Region, is a multicultural city.
Economic Zones World Free Zone
The United Arab Emirates (UAE) aims to establish itself as a global industry hub.
International Media Production Zone (IMPZ) Free Zone
The United Arab Emirates (UAE) is a growing economy.
Dubai Creative Clusters Authority (Dubai Technology and Media Free Zone Authority)
In 2014, the ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, issued a mandate to lead t
Meydan Free Zone
International Humanitarian City Free Zone
International Humanitarian City is the Middle East’s largest and only non-profit, independent free-zone aut
Dubai Flower Centre Free Zone
Dubai Flower Centre (DFC) free zone has been developed to handle flower imports and exports, and is one of
Dubai Science Park Free Zone
Dubai Science Park plays a crucial role in Dubai’s Vision 2021 by enabling a sustainable and self-sufficien
Dubai Textile City Free Zone
Are you dealing with the textile business and looking for expansion?
Company Setup in IFZA Dubai (UP)
Are you curious to know about the IFZA Dubai?
Company Setup in IFZA Dubai
Are you curious to know about the IFZA Dubai?
Dubai Free Zone is one of Dubai's top rising free zones. It offers world-class infrastructure, a strategic location, and an environmentally friendly atmosphere to company owners and entrepreneurs. As a result, it is a suitable location for various commercial activities.
If you want to become a billionaire or more, doing business in free zones is excellent. There are more than 30 free zones in Dubai, and each free zone is distinct from the others. So, whether it comes to building construction or commercial areas, each one is unique. As a result, now is the most delicate moment to establish your dream business in these free zones.
An Overview of Free Zone Company Formation
A freezone is an appealing jurisdiction for investors who seek complete control over their business. As a result, the concept of a "Freezone" has become recognised worldwide as a model for developing and promoting business in various countries.
In addition, Dubai free zones have been established in several areas, and they have been reserved for specific commercial activities.
There are two main types of Free Zone Corporate entities, namely,
- Free Zone establishment
- Free Zone company
Advantages of Company Formation Dubai Free Zone
Before starting a business, every sector requires a thorough investigation. Similarly, before beginning a business in the Dubai free zone, it is essential to understand the advantages of company formation in the Dubai free zone.
- 100% foreign ownership
- 100% repatriation of capital and profits
- 100% corporate and personal income tax exemption
- Absence of currency restrictions
- Wide variety of licensable activities
- Serviced desks and offices for SMEs and start-ups
- Excellent support services
Disadvantages of Company Formation in Dubai Free Zone
As we all know, everything has advantages and disadvantages. Entrepreneurs and investors engage with various individuals and companies when it comes to business. Understanding the benefit is important. Furthermore, recognising the downsides is essential in the current marketplace.
Knowing the benefits and drawbacks of establishing a business is a good thing.
We can't say that every firm will be successful. Every firm has ups and downs. However, the courage and steadiness of businesspeople will help them thrive in their business.
As a result, one should not be reluctant to learn about the drawbacks of company formation in the Dubai freezone.
Doing business on the Dubai mainland is restricted to freezone enterprises. A fixed investment is occasionally required for company formation in the Dubai freezone.
In addition, when you register a company in the Dubai free zone, you are limited to leasing office space exclusively in the authorised free zones.
Freezones in Dubai
Free Zones in Dubai are unique and eco-friendly for doing business and investing. Before starting a business, it is essential to understand Dubai's various types of free zones. Below are the different free zones in Dubai
- Dubai Airport Free Zone Authority
- Dubai Healthcare City Free Zone
- Dubai International Financial Centre (DIFC) Free Zone
- Dubai Knowledge Village (DKV) Free Zone
- Dubai Maritime City (DMCA) Free Zone
- Dubai Multi Commodities Centre (DMCC) Free Zone
- Dubai Silicon Oasis (DSO) Free Zone
- Dubai South Free Zone
- Dubai World Trade Centre (DWTC) Free Zone
- Jebel Ali Free Zone Authority
- Dubai Academic City Free Zone
- Dubai Biotechnology and Research Park Free Zone
- Dubai Car and Automotive City Free Zone
- Dubai Design District D3 Free Zone
- Dubai Gold and Diamond Park Free Zone
- Dubai Industrial City Free Zone
- Dubai International Academic City Free Zone
- Dubai Internet City Free Zone (DIC) Free Zone
- Dubai Logistics City Free Zone (DLC) Free Zone
- Dubai Outsource City (DOC) Free Zone
- Dubai Studio City Free Zone
- Dubai Techno Park Free Zone
- Economic Zones World Free Zone
- International Media Production Zone (IMPZ) Free Zone
- Dubai Creative Clusters Authority (Dubai Technology and Media Free Zone Authority)
- Meydan Free Zone
- International Humanitarian City Free Zone
- Dubai Flower Centre Free Zone
- Dubai Science Park Free Zone
- Dubai Textile City Free Zone
What are the Numerous Processes for Forming a Corporation in Dubai Free Zone?
The formation of a freezone company, like any other business in Dubai, is subject to legal requirements. Therefore, the guidelines should be followed while establishing a company or business.
Below are the simple steps to keep in mind while starting a business in the Dubai Freezones.
- Determine the type of legal entity
- Choose a trading name
- Apply for a business license
- Choose a suitable office space
- Obtain pre-approvals, register your business and get your license
Business Activities in Dubai Free Zone
Before beginning a business, entrepreneurs should conduct extensive studies on the numerous business activities performed in Dubai Free Zone. Consider the following activities that help you decide which business to start.
- Content production
- Corporate Film production
- Branding Agency
Documents Required for Starting a Business in Dubai Freezone
To start a company or business entity, the investors or business people should submit the required documents to the respective authorities.
The following documents required to be submitted are,
- Completed application form
- Business plan
- Copy of existing trade licence/registration certificate
- Coloured passport copies of the company's shareholders
- Specimen signature of the company's shareholders
Types of Licenses for Business in Freezone?
A licence is required to start a business everywhere in the world. Therefore, to establish a business in any free zones, you must first understand the various licences available in the Dubai freezone.
- Commercial/trade license
- Consultancy/services license
- Industrial license
- Educational license
- Media license
- eCommerce license
- Offshore license
- Freelancer license
- Warehousing license
- Manufacturing license
Is it Possible to Own Office Space in Dubai Freezone?
It is not required to have an office in the Dubai Freezone. However, if you believe your business needs office space, you can lease, rent, or purchase it. You own or rent an office space in Dubai freezone at a lower cost than the Dubai mainland. Furthermore, the cost of establishing an office varies based on the area you select and the kind of your business.
I hope the information presented above satisfied you and provided you with a clear image of how to start a business in the Dubai free zone. To start a business in Dubai, you must undergo several legal procedures, which might be challenging to manage as a foreigner.
Consequently, you may proceed with the business incorporation procedure with our assistance.
We at Business Setup Worldwide make it a time-saving and cost-effective operation thanks to our many years of experience and appropriate contacts in Dubai. As a result, we recommend you contact us for further information and fulfil your dream.
What is the affordable free zone in Dubai?
International Free Zone Authority is one of Dubai’s most affordable free zones.
What is the cost of a free zone company set up in Dubai?
The cost of a free zone company set up in Dubai costs around AED 12,000.
What is a Free Zone license?
A Freezone license is the foundational document required to do business within our free zone.
Who issues licenses for the free zone companies in Dubai?
The license issued by free zone companies in Dubai is the Free Zone Authority.
How many days does it take to open a free zone company in Dubai?
It takes about 2-4 weeks to open a freezone company in Dubai.