Dubai Free Zone Company Registration : Special economic zones or Free Zones are set up in Dubai to encourage trade & business. For free zone company FZC formation tax concessions and customs duty benefits are given to expatriate investors. More than 30 Free Zones operate in Dubai and are managed and operated by the relevant authority like the Jebel Ali Free Zone, one of the largest sea port free zones in Dubai is managed, operated & supervised by the Jebel Ali Free Zone Authority in Dubai. The free zone has a subsidized rate of 32 percent on the country’s Foreign Direct Investment (FDI). You can incorporate your business in Dubai Free Zones with 100% Tax exemption you can start with Dubai Free Zone registration process today with Black Swan. Company formation in Dubai is quite easy when you deal with company formation experts in Black Swan.
Types Of Licenses Available in Dubai Free Zones
Without a business license, the business formation in the UAE free zones are incomplete. Here are the following business licenses obtained by the applicant in the United Arab Emirates free zones:
General Trading License
It permits investors to trade all types of products.
Commercial Or A Trading License
It allows a time-limited authorization to perform the commercial, industrial, or consulting activities.
Service License
It permits accounting firms, business consultancy and law firms to operate.
Industrial License
It allows in manufacturing the goods, imports raw materials and exports finished products globally.
Warehousing License
Investors can get this license for warehousing facilities to lease on distribution, storage of goods and packaging.
Manufacturing License
Allows the applicants in manufacturing products.
Tips To Set Up A Business In The UAE Free Zones
There is no need for a commercial company law to set up a company in free zones. The UAE’s free zones fall outside the jurisdiction of the United Arab Emirates that has rules set by the free zone authorities.
These free zones provide the best business opportunity for investors globally and offer the liberal working environment and simple company set up procedures.
Procedure For UAE's Free Zones Company
1. Type of legal entity determination
You must determine the type of entity to use for free zones. The capital requirement for these entities depends on the specific free zone, where you like to form the company. For instance, no minimum capital requirement is needed to set up a business in twofour54, but in Dubai Airport Free Zone you must have a minimum share capital of AED 150,000.
2. Choosing a trade name
You must fix a trading name for the company after deciding the type of a legal entity. Cross check with the free zone authority so that your name is not already registered.
3. Business License Application
Apply for the business license after registering your trading name. Your business license depends on your primary activity of business. You have to submit documents while you apply for a license.
4. Office Space
Free zone authorities offer a flex-desk office to support the start-ups. You can lease or buy office spaces in these free zones. Office requirements depend on the kind of business activity that suits your company.
5. Register your business, get pre-approval and license
Must obtain the initial approval from specific authorities, then register your business in the portal, next get your license. This takes nearly 2-4 weeks. As soon as you get a license, you can start your business.
Documents Needed To Set Up A Business In The UAE
The documents have to be translated to English, notarized and attested by the Arab Embassy or a Gulf Cooperation Council.
General Documents
- Contact persons’ business cards.
- Filled application license form.
- Business plan copy.
- Attested and notarized AOA and MOA.
- Partners and business managers passport copies.
- Original bank reference letters.
- License of partner’s existing company.
Documents For Consultancy License
- Diploma certificate copy with desired activities.
- Experience certificate.
Documents For Industrial License
- Existing company profile.
- Business feasibility study.
- Filed form of investor’s project profile.
Documents For Branch Of Companies
- MOA and AOA.
- Registration certificate attested copy.
- Original Board Resolution offering financial commitment of branch.
- Legal representatives’ power of attorney.
- Passport copies.
- Parent companies with last three months bank statements.
Register your Company in Dubai Free Zone
Dubai Airport Free Zone
Incepted as a free economic zone in 1996 as part of a strategic plan to be an investment driven economy by the Government of Dubai, the Dubai Airport Free Zone (DAFZA) is one of the most prestigious and advanced free zones in Dubai. The zone has a business-friendly environment, world class infrastructure, tax exemptions, full repatriation of earning, total ownership and exceptional facilities & has become one of the fastest growing free zones in the region contributing 4.7 percent of Dubai’s GDP (gross domestic product). Black Swan can help you in Dubai Free Zone Company Registration Process
Dubai Design District
Dubai Design District d3 is home to the growing community of creative thinkers in the region. D3 creates inspiring, authentic, and relevant ideas shaping the future of Dubai as a leading destination for design, art, and culture. The facilities at d3 will include residential, hospitality, retail and office spaces. The Dubai Design District will include a 1.8 km waterfront development which will be populated with food and beverage outlets, hotels, retail outlets and a multi-use outdoor space.
Dubai Healthcare City
Located in the heart of Dubai, Dubai Healthcare City is the world’s largest healthcare free zone. It consists of two phases. Phase 1, dedicated to healthcare and medical education, occupies 4.1 million square feet in Oud Metha, and Phase 2, dedicated to wellness, occupies 22 million square feet in Al Jadaf, overlooking the historic Dubai Creek. The free zone has worked towards its vision to become an internationally recognized location of choice for quality healthcare and an integrated center of excellence for clinical and wellness services, medical education and research.
International Academic City
Built near Al Ruwayyah along the Dubai-Al Ain Road in the city of Dubai, UAE, DIAC is home to numerous regional and international Colleges and Universities & serves over 27,000 students from all around the world. The 13 international higher education institutes in DIAC offers more than 500 undergraduate and post-graduate programmes & continues to expand and grow as per the needs of its robust and talented academic community.
Dubai Internet City
DIC is the largest ICT hub & free zone of the MENA region with liberal regulations that facilitate business success. It promotes entrepreneurs, empowers SMEs, and attracts global ICT leaders to Dubai. At DIC any business can access a rich ecosystem of knowledge workers, nimble service providers, and expertise from the world over. DIC lies 25 kilometers south of downtown Dubai city, on Sheikh Zayed Road between Dubai & Abu Dhabi & is a strategic base for companies targeting regional emerging markets. Black Swan can help you in company registration service in dubai free zone
DIFC
Reputed as one of the world’s top financial centres and the leading financial hub for the Middle East, Africa and South Asia region, the Dubai International Financial Centre (DIFC) is a special economic zone in Dubai covering 110 ha. A dynamic ecosystem, the DIFC has its own independent, internationally regulated regulator and judicial system, common law framework, global financial exchange, tax-friendly regime, and a large business community. DIFC includes ultra-modern office spaces, retail outlets, cafes and restaurants, art galleries, residential apartments, public green areas and hotels.
Dubai Knowledge Village
Dubai Knowledge Village (DKV), a Free Zone in Dubai has educational organisations & companies operating within it. It offers services from consultants to universities and training institutes. Launched in September 2003 there are over 400 companies and institutions in it, which include occupational assessment and testing providers, universities, computer training providers, professional centers, executive development providers and HR consultancy companies.
Dubai Media City
A media community of over 20,000 people raising the bar on creativity, working in over 2,000 regional and international media companies make up the Dubai Media City. DMC is the regional hub for the media industry in the GCC and Middle East & has media organizations including news agencies, publishing online media advertising, production & broadcast facilities. More than 1,300 companies are registered under the Free Zone, DMC.
DMCC
As the world’s no. 1 free zone connecting businesses to a flourishing market place, DMCC (Dubai Multi Commodities Centre) was established by the Government of Dubai to provide the physical, market & financial infrastructure required to establish Emirates as a hub for global commodities trade. With a dynamic community, advanced infrastructure, world-class services and an amazing choice of properties, excellent connectivity by air, sea and road, DMCC Free Zone is the UAE’s largest free zone with over 15,000 registered members.
Dubai Silicon Oasis
The only technology park in Dubai providing both a living and working integrated community, the Dubai Silicon Oasis Authority (DSOA) is wholly owned by the Government of Dubai. Home to modern technology based industries and an urban master planned community, the Silicon Oasis is a Free Zone Authority and provides free trade zone incentives and benefits to companies operating within the tech park. The Dubai Silicon Oasis’ (DSO) spans 7.2 km². Black Swan can help you in company registration service in dubai free zone
Jebel Ali free zone
A Free economic zone located in the Jebel Ali area at the far western end of Dubai, Jafza is one of the most competitive locations to establish your business and see it grow. It is spread over 57 square kilometres on both sides of Sheikh Zayed Road, and is accessible via road, and the Danube and UAE Exchange stations of the Dubai Metro Red Line. Jafza offers investors 100% foreign ownership, 0% corporate tax for 50 years. This concession is renewable & also there is absolutely no restriction on capital repatriation. Register your Company in Dubai Free Zone with Black Swan
Dubai World Central
Located at the heart of an entire airport city, Dubai South (formerly known as Dubai World Central) is the development currently under construction. The DWC combined with the Al Maktoum International Airport is expected to draw additional tourism to the Middle East. This airport is expected to be the world’s largest global gateway with capacity for more than 160 million passengers per year when it is completed. Dubai South will also be equipped as a multi-modal logistics hub for 12 million tonnes of freight. Register your Company in Dubai Free Zone with Black Swan
Frequently Asked Question (FAQ)
Can I name my Free Zone Company?
Yes, you can! But the registration has to go through the Authority and DED approvals.
How many employees can be included in my Free Zone Company?
The count of employees will depend on your office space leased. If you need more visas, additional fees have to be paid.
Is it necessary to have a physical address to get a company in a Free Zone?
It is necessary to get a facility upon the issuance of a licence. You can buy or rent a physical office, flexi desk, retail space, serviced office, warehouses or the open land for industrial units.
Is it possible to open a UAE Bank Account with my Free Zone Company?
Yes, you can! There are a wide range of good banks to choose from.
Can I trade outside and inside the UAE with my Freezone Company?
Yes! You can trade internationally and locally, but are subjected to the rules and regulations of the Free Zone.
What is the time duration needed to set up a Free Zone Company?
The minimum of 3 to 6 weeks is required to form a company in Free Zones. But the speed of approvals depends on the activity, attestation and certification.
Do I have to be a UAE Resident to open a Free Zone Company?
No! You don’t need to live in the UAE or be a resident to open a Free Zone Company.
Can I have a talk with someone to guide me?
Yes! Get in touch with us from any of the options available.
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