FreeZone
Free zone Business setup in Dubai
Streamlined and hassle-free business setup services in Dubai’s thriving free zones
When individuals and institutions weigh the options for UAE free zone company formation, one aspect firmly tilts the balance in favor – free zones. Freezone areas are those designated business zones where corporate and personal income taxes are scaled down to 0%. Choosing a free zone can depend on many factors: the nature and type of business, the size, flexibility and availability of office space, location, and pricing. Obtaining a business license for Dubai freezone company setup is easier and faster than offshore and mainland, given you have the right set of guidance from experts. The decision to set up business in the UAE free zone totally depends on the type of business you’re looking to form.
How To Start a Business in Dubai Freezone?
Are there any restrictions on ownership in Dubai Freezones for foreign investors?
In most Dubai Freezones, foreign investors can enjoy 100% ownership of their businesses, without the need for a local partner or sponsor. This liberal ownership structure is a key advantage that attracts international entrepreneurs to establish their businesses in these zones.
What are the steps involved in business setup in Dubai free zone?
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- Choose a Freezone: Research and select the appropriate Freezone based on your business activity and preferences.
- Business Type: Decide on the type of business activity you want to engage in and ensure it’s allowed in the chosen Freezone.
- Legal Structure: Choose a legal structure for your business, such as a Freezone Company, Freezone Establishment, or Branch.
- Name and License: Reserve a business name and apply for the relevant business license from the Freezone authority.
- Office Space: Rent a physical office space within the Freezone, as most Freezones require a physical presence.
- Documents Submission: Prepare and submit the required documents, including application forms, business plan, and passport copies.
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Approvals: Await approvals from the Freezone authority and other relevant government departments.
Collect License: Once approved, collect your business license, which permits you to operate in the
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What is a Dubai Freezone and why is it beneficial for starting a business setup in UAE free zone?
A Dubai Freezone is a designated geographic area within the city where foreign investors can set up and operate their businesses with various incentives such as 100% foreign ownership, tax exemptions, and simplified regulations. It provides an attractive environment for international companies to establish their presence in Dubai and access the regional markets.
Can I trade with the local UAE market if I set up business in Dubai free zone?
While businesses in Dubai Freezones are primarily set up to cater to international markets, they can engage in limited trading within the UAE market through distributors, wholesalers, or local agents. However, direct selling to the local market may require additional approvals and compliance with local regulations.
What are the ongoing obligations for businesses operating in Dubai Freezones?
Dubai free zone business setup have certain ongoing obligations, including:
- Annual Renewal: Renew your business license annually with the Freezone authority.
- Financial Reporting: Submit audited financial statements to the Freezone authority.
- Visa Processing: If required, process employee visas and maintain appropriate visa quotas.
- Compliance: Adhere to the rules and regulations of the Freezone, including any changes in laws that may impact your business activity.
- Lease Renewal: Ensure the renewal of your office space lease agreement.
- Customs Regulations: Follow customs and import/export regulations if engaged in international trade.
AGD Business Services Free zone Business setup in Dubai
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Expert assistance
With many years of experience and many hundreds of satisfied clients on our roster, our teams continue to offer personalised and professional service. We cater to both, residents and international investors who are interested in UAE free zone company formation. We can help you identify the right specialty and choose the best free zone location. We help you create levels of satisfaction.
Winning formula
The UAE was the first country in the Middle East to establish the concept of the free zone in 1985, with the launch of Jebel Ali Free Zone Authority (JAFZA). Although it was a small operation catering only to a handful of companies, it became the first free zone in the world to be awarded ISO certification within 10 years. The JAFZA success story became the foundation for several free zones across the country, each offering strategic benefits and business advantages. These free zones are collectively home to many thousands of individuals and institutions who have been successful at new business setup in dubai Today, there are roughly 50 free zones in the country catering to specialised sectors including but not limited to: trade, industry, energy and renewable energy, exports and re-exports, media and media communications, metals and commodities, finance, healthcare, and Information and Communications Technology (ICT).
Unique features
Incorporating the principles and international best practices of free trade, free zones help stimulate trade and investment, and facilitate the transfer of skills, knowledge and technology. A unique offering is the easy access to more than 2 billion consumers in multiple markets located within a 4 hour flight. The staggering number of international firms located at the UAE’s free zones are proof of this. Those who are interested in Business setup services in Dubai UAE Free Zone stand to benefit in many ways, anywhere in the country. For instance, when Sharjah Airport International Free Zone (SAIF) saw that the prospect of lengthy, bureaucratic procedures was daunting to potential investors, the authorities launched a 24-hour licensing service which enables new entrants to set up a business in the UAE almost instantly. Also in Sharjah, the Hamriyah Free Zone Authority (HFZA) offers huge industrial and commercial plots running into several thousand square feet, and infrastructure specifically designed to facilitate import and re-export. In the capital, Khalifa Industrial Zone Abu Dhabi (KIZAD), a subsidiary of Abu Dhabi Ports, recently announced aUAE free zone business set-up cost to support entrepreneurs, costing an extremely affordable USD 2,500
Better businessThe basic premise of a free zone is that it makes it much easier for businesses to conduct business.Setting up new business in UAE or getting a trade license can sound like a long and complicated process, but it is not. Paperwork is simplified, efforts are minimised, and everything is designed to attract international investors and help them build up their business. The wide and varied choice of free zones comes with100% foreign ownership, with no requirements forlocal sponsors or service agents. Business owners can also enjoy 100% repatriation of revenues and profits, and 100% transfer of funds. More importantly, there is a time-bound waiver of all corporate taxes as well as import and export taxes, and an exemption from all personal taxes.
Speed and simplicity
For foreigners and resident expatriates with an interest in setting up a business in the UAE (either a small office or full-scale operations), a free zone is the surest route to success. UAE free zone business setup is easier, simpler, and faster. Documentation is simplified, and recruitment and workforce processes are faster and cheaper than onshore options. Most free zone authorities also extend support for ancillary services such as legal, medical, labour, and immigration processes. Options in space, style, tenure, and budget are almost unlimited – from individual freelance permits to international branch office licences, and from shared desk space on a 1-year contract to industrial warehouse leasing for up to 25 years.