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Dubai Freezone Company Formation

Dubai has developed as a global economic hub, bringing investors and entrepreneurs from all over the world. One of the primary benefits for businesses bidding to establish a presence in Dubai is the ability to set up a free zone company setup in Dubai. The process to open a free zone company in Dubai is simple and provides various benefits to organizations looking for a strategic location in the Middle East.

To form a free zone company in Dubai, entrepreneurs must go through the free zone company setup process. This involves selecting an appropriate free zone based on the nature of the company and the industry in which it operates. Each free zone in Dubai focuses on a specific industry, giving tailored support and infrastructure to enterprises. The free zone company registration process in Dubai is well-defined, ensuring that firms are established smoothly and efficiently inside the approved zones.

Free Zones in Dubai

Many free zones in Dubai provide a wide range of business activities. Some of them are

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

Dubai free zone license cost

The cost of getting a Dubai free zone licence is an important issue for enterprises. Different free zones in Dubai may have different price structures, thus understanding the costs involved with the licensing process is critical for budget planning. Despite the initial expenditure, many businesses feel that the benefits of operating in a Dubai-free zone, such as 100% foreign ownership, tax breaks, and streamlined import-export procedures, justify the expense.

Types of Licenses Needed for Dubai Free Zone Company Setup

The General Trading Licence is a versatile option that allows firms to trade a wide range of commodities within the Dubai Free Zone. With few exclusions, companies with this license can import, export, and trade a variety of products. It offers a broad scope, allowing entrepreneurs to expand their product portfolio and pursue new market prospects. However, special approvals may be necessary for certain products that fall within restricted categories.
The Trading Licence meant for companies that primarily buy and sell goods, is required for undertaking import and export activities in Dubai's Free Zones. This licence provides a more specific foundation than the General Trading Licence, allowing companies to trade a limited number of commodities. It is ideal for businesses looking to simplify their activities and focus on specific product categories. The Trading Licence is a viable option for enterprises wishing to establish themselves as major participants in the import and export markets
The Service Licenceis essential for organisations that provide professional services like consulting and accounting. This licence recognises and supervises enterprises that provide intangible services within the Dubai Free Zone. It serves a wide range of industries, creating an environment suited to consulting firms, legal offices, and other service-based businesses. The Service Licence is an excellent option for enterprises that primarily provide expertise and consulting services rather than tangible items.
The Industrial Licenceis required for enterprises in Dubai's Free Zones that manufacture, package or process physical products. It covers a wide range of businesses, including manufacturing, assembly, and other industrial activities. This license recognizes special regulatory needs.

How to register a free zone company in Dubai ?

Step-by-step process of company registration in Dubai Free Zone:

  • Contact Bizvise Business Setup.
  • Choose a business activity (or activities)
  • Find a free zone.
  • Choose a company name.
  • Make your license application.
  • Applying for visas.
  • Opening your corporate bank account.

Frequently Asked Questions

- Full ownership of your company and get access to free-hold property anywhere in Dubai.
- No minimum share capital requirement
- 100% Tax Exemption
- Some of the free zone business setups in Dubai are exempted from paying taxes and import or export duties.

You need to provide a certificate of authenticity for the lease contract issued from the Real Estate Regulatory Agency and a new Memorandum of Association with the necessary modifications.

Incorporation can take as little as five working days or up to six weeks for some free zone entities.

All educational and corporate documents required during the incorporation process and for the issuing of residence visa process needs attestation at the corresponding UAE embassy or consulate in the country of the document origin. These documents must then be attested by the UAE Ministry of Foreign Affairs in Dubai.

Dubai Free zone has 100% repatriation of capital and profits, exemption from all import and export duties. It has no corporate or dividend tax.