Expert Guide to Freezone Company Setup in Dubai
What are the
advantages of freezone
company Setup in Dubai?
While starting your business in Dubai free zones, it offers some additional benefits to the investors. Some of the benefits are,
- Complete ownership
- Free from tax
- Free to transfer funds
- Complete repatriation of profits or capitals
- No import and export duties
- Single-window administration
- Works 24/7
- Readymade warehouse, office space, and factories
- Easy recruitment procedures
- Reduced freight charges
What are the entities allowed in UAE freezones?
- Branch of local or foreign company
- FZE or feezone establishment with single shareholder
- FZE or freezone establishment with more than 2 to 5 shareholders.
Different licenses required in setting up new business in UAE?
Steps for free zone company setup in Dubai, UAE?
Each jurisdiction has unique set of businesses. So, choose the freezone jurisdiction according to your business category.
Find an apt trade name for the business. You can contact the free zone authority and verify the trade name. Entrepreneurs are not allowed to consider existing trade names. After selecting, register the trade name with concerned free zone authority.
After deciding the business activity and trade name, get the license required for your business. The documentation differs according to the type of license. For example – the documentation for acquiring industrial license is different from professional license.
Business owners have to choose the most apt office space based on your activity. Free zones offer various options such as flexi-desks, offices for lease, etc.
After registration, you may get the license within 2 weeks or even a month provided if official formalities are completed on time.
After completing all these procedures, it’s time to get initial approvals from various departments and agencies.
After getting concerned approvals from departments, now register your business on the official website of your concerned free zone authority.
What are the major locations for your freezone company formation in Dubai?
Some of the major free zones include,
JAFZA
Jebel Ali Free Zone offers license for various business activities including trading, construction, machinery, gold, logistics, aviation, electrical, manufacturing , and more. JAFZA is located close to the Dubai international airport and Jebel Ali ports. We have helped various clients to setup their business in JAFZA.
Dubai Healthcare City
Dubai healthcare city is a prime freezone for health related businesses. The freezone cater complete needs of the healthcare sector including medical research, clinical services, non- clinical, medical-based equipments, and more. DHCC offers high-quality wellness centers that support residential and commercial enterprises.
Dubai Silicon Oasis
DSO is owned by UAE and it’s located in the area that joins Dubai and Al Ain road. DSO serves as a technology hub that cater the requirements of IT sector and telecom. The freezone has a combination of commercial, residential, and industrial space making it a multi-purpose jurisdiction for different businesses.
Dubai South free Zone
Dubai south free zone is located next to the Jebel Ali Port and Al Maktoum airport, therefore it has both logistic and strategic importance. Dubai South supports a wide range of business including SMEs, aviation, and logistics.
Flybiz business setup services in Dubai
Setting up a company in UAE is a tedious task. However, if you choose the right business setup consultants, it will be an easy job. We assist you throughout the free zone business setup process.
Flybiz has a dedicated team to work on your company formation requirements. Our professional team completes the paper works and manages the process right from the start to finish. Contact us for tailor-made company setup solutions!
FAQ
What are the terms for applying a freezone visa?
The minimum and maximum age limit for employment visa is 18 and 60 years.
If you’re applying for managerial positions or a female, you should get an attested education certificate.
Majority of authorities limit the number of visas to freezone businesses. You can increase the number, but you have to get the concerned approval.
What makes the difference between mainland and freezone visa?
The most important difference is, Freezone visa validity is 3 years whereas mainland visa is 12 years.
Mainland visa allows you to work anywhere across UAE. But, freezone visa requires a local agent to work in non-freezone regions.
Should I be a UAE resident to start a free zone company?
It’s not necessary to become a UAE resident for setting up a business in freezone. However,
the manager should be a UAE resident.
What is the custom duty for Freezone Company?
Freezone companies are free from import or export custom duties.
