Business Setup In Dubai Freezone


Freezone Company Formation Dubai UAE

Free zones are geographically demarcated areas within the United Arab Emirates (not necessarily fenced or gated). They authorise 100% foreign ownership and are mostly defined for a specific industry. Also known as free trade zones, these are primarily economic areas where goods and services are traded. The purpose of free zones was to boost international business in the region by offering several investment benefits. The most attractive one is 100% foreign company ownership.

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Dubai Free Zone Areas

There are more than 30 Free Zones operating in Dubai, which include the following:-

Business Setup Freezone Dubai

Types of Licenses for Dubai Free Zone?

The following licenses are offered by free zone authorities for Dubai free zone business setup:-

TRADING LICENSE

Trading licenses allow companies to operate in trading activities like buying, import & export, and selling of a limited number of commodities.

GENERAL TRADING ACTIVITIES

After obtaining a general trading licence one can engage in trading of all types of goods, with an exemption on a few banned products. You will need special approval with this license to engage in banned products.

SERVICE LICENSE

To deal with activities like consulting, accountancy, etc. services license need to be acquired.

INDUSTRIAL LICENSE

To carry out manufacturing, packaging and processing activities, companies need to obtain this license.

Necessary Documents to Apply for a Business Setup in Free Zone

To Obtain a Business License

  • Coloured copy of shareholder(s)’ passport and visa, if applicable
  • Application Form
  • Business Plan
  • Board Resolution
  • Memorandum and Articles of Association (MAA)

To Open 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

Process of Company Registration in Free Zones

  • Determine the type of legal entity
  • Choose a trading name
  • Apply for a business license
  • Find an office space
  • Get pre-approval from authorities
  • Register your business
  • Obtain your license

Advantages and Disadvantages of Free Trade Zones in Dubai

Advantages of Business Setup in UAE Free Zones

Discover the many advantages of joining our Free Zone

  • 100% foreign ownership
  • 100% business ownership, repatriation of profits and capital
  • 100% exemption from corporate, personal and income taxes
  • Exemption from export and import duties
  • The timely and smooth immigration process
  • Thriving business atmosphere
  • Strategic location
  • One energetic business
  • Flexible solutions
  • One-stop-place for various solutions
  • Online portal for all services

Disadvantages of Free Zones Dubai

  • Can not conduct trade directly with the local UAE market.
  • Can only commence the local business through locally appointed distributors.

  • Business Activities in Free Zones in Dubai (UAE)

    Broadcast Management

    Activities you can engage in include web streaming, radio broadcasting, and TV broadcasting. You will need approvals from all concerned authorities and only certain packages encourage this activity.

    Consultancy Services

    Consultancy services include a wide array of consulting activities that cover business consultancy, financial consultant, investment consultancy, legal consultancy, lifestyle consultancy, human resource consultancy and more.

    Education and Training

    The education and training category comprises many activities, but the activities are available under packages with visa eligibility.

    Event Management

    Event management consists of many activities, from organising events, fairs, trade shows, exhibitions, business conferences to theater productions and more.

    Film, Production and Post-Production

    The activities covered in this category are licensed film, art, and video production, and also post-production.

    Industrial Activities

    Industrial licences cover manufacturing, fabrication, and processing of raw materials for the productions of finished goods or final products. Industrial activities mostly co-occur with warehousing requirements.

    IT Services

    IT services include the information and communications technology sector services, including B2B, B2C, e-commerce.

    Media and Marketing Services

    The media and marketing category consists of a host of activities that include - advertising, public relations, promotions, research, and more.

    Music and Entertainment

    Music production and recording, music promotion and management, music rights and theme parks management are covered in music and entertainment services.

    New Media

    New media comprises photography, videography, web design, extensive digital media services that also include the creation and management of mobile phone applications.

    Publishing

    Publishing of education and consumer books, magazines, directories and guides, online and electronic content, and many more are included in this. However, you will need approval from authorities for what you plan to publish.

    Trading

    All import or export-related transactions can be done under this.


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    FAQs for Business Setup in Dubai Free Zone

    What is a Free Zone Company in UAE?
    Free Zone is an authority where a business owner of any nationality can have 100% ownership of their company, which is not a possibility in Mainland jurisdiction. The companies in the free zone are exempted from import and export duties. They are also given a designated area to function. Additionally, there is 100% repartition of capital and profits.
    What is the Number of Visas/Work Permits a Free Zone Company Can Get?
    The number of visas/work permits depends on the jurisdiction the company is registered within the free trade zone. Also, the office space size that enterprise has leased for the purpose.
    What are the Free Zone Business Categories in Dubai, UAE?
    The different types of companies that you can set up in the UAE free zones are:- ● Private free zone company ● en-commendam branch of an international company ● Branch of the company already working in Dubai ● Professional services

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    OBK Business Centre LLC