Freezone Company Formation UAE
Freezone Company Formation in Dubai will require you to have all the required licenses based only on your company’s business activity. A free zone is a jurisdiction or geographical region that allows you to perform a predefined set of business activities in the UAE. Free zone licenses in Dubai are issued based on the activity of your company. Many free zones have come up over the years, and it is said that there are more to come.
Freezone Company Formation in UAE is governed by the Free Zone Authority (FZA). The body controls free zone company activities such as operations and license issuance. It is important to note that the commercial laws governing Mainland companies in the UAE does not apply to the free zone companies.
One main benefit of the Free zone business set-up in UAE is that foreign investors have 100% ownership of their companies, complete tax exemption, and no foreign exchange restrictions additionally, once your business has been approved for free zone business licenses such as industrial license, trade license, national industrial license and service license.
Free zone licenses in UAE are renewed annually as long as a lease agreement is in force. You should select the desired free zone jurisdiction based on the type of business you want to undertake. Your business activity should always match the category of your preferred free zone.
There are different aspects you need to consider when setting up a free zone business in Dubai; there are a few aspects you need to consider and decide on. MATRIXX Company Formation has many services to help you walk through any procedure and decide on your location and business activities.
Free Zone Company Formation UAE Benefits
Frequently Asked Question on Free Zone Company Formation UAE
What are the business licenses issued in Dubai Free Zones?
What Does a Free Zone License Cost
What Free Zone Options In The UAE?
Free Zone Company Formation UAE Benefits
- Foreign investors get 100% foreign ownership
- Enjoy tax exemption benefits. Free zone companies do not pay income, corporate, or personal taxes.
- No foreign exchange restrictions.
- Enjoy complete repartition benefits in terms of capital and profit.
- Ideal for small and medium enterprises and startup ventures. Free zones come with full-fledged workspaces.
- Enjoy logistical advantage
- Well-equipped communication facility
Major Free Zone Area in UAE
Major free zone areas in UAE include:
- IFZA
- Maydan
- SPC
- SRTP
- SHAMS
- RAKEZ
- DUCAMZ
- DMCC
Free Zone Company Formation Dubai
Step 1: Select your business activity
Step 2: Choose the business entity of your preference. Understand the business category to help you decide on Free Zone and select your desired legal or business entity.
Step 3: Choose an attractive trade name that fits your business concerns.
Step 4: License application: determine the category your business license needs.
Step 5: Get efficient office space based on the number of staff and your business category.
Step 6: Initial approval: apply for your approval from all the concerned agencies and government departments.
Step 7: Get your business license within a few weeks and a month, provided all the official formalities have been accomplished on time.
Frequently Asked Questions on Free Zone Company Formation UAE
What are the business licenses issued in Dubai Free Zones?
All business establishments in Free Zone Dubai must have a valid trade license to conduct their business activities regardless of their size and legal structure. Dubai Freezone licenses include:
- General trading license: for investors with a wide category of commodities and goods.
- Industrial license: for manufacturing companies, export and import companies
- Professional license: for consultancies and service-oriented firms.
MATRIXX Company Formation can help you through the Dubai Freezone company formation process and help you distinguish between the different business licenses. We have been serving businesses for over a decade. Contact us for more support for your Freezone Company Formation in UAE.
What Does a Free Zone License Cost?
The type of business license will directly impact the cost of opening a free zone company. The commercial, industrial, service and other licenses generally cost around AED 10K to 50K.
What Free Zone Options In The UAE?
Here are the free zones available for your business. You can decide the Free Zone that will be most beneficial for your business:
Dubai World Trade Centre (DWTC) – This is one of the most regulated business regimes, which will support the growth of your business.
Dubai World Central (DWC) – The second largest Free Zone in Dubai, DWC offers ample opportunities for trading, manufacturing and warehousing business operations.
Dubai Creative Clusters Authority (DCCA) – established in 2000, DCCA aims to provide exclusive support to media and entertainment in this Free Zone. It is a cluster of 09 segments serving creative and intellectual industries.
Dubai Multi Commodities Centre (DMCC) – Recognizing the credibility and conducive aspects, more than 11200 companies operate in this Free Zone jurisdiction. Firms in the trading and service sector choose this domain.
Dubai International Financial Centre (DIFC) – The strategic placement of this Free Zone makes it more favorable for business growth. Established in 2002, this zone is considered one of the most reliable business jurisdictions.
Dubai Airport Free Zone Authority (DAFZA) – established in 1996, DAFZA is one of the most advanced business jurisdictions. It has been pivotal in the growth of many entities carrying out business in the import and export sector.
Dubai Silicon Oasis (DSO) has infrastructure facilities for technology-based institutions and business firms. This thoroughly planned Free Zone is the best for technical establishments.
What is the cost of a Free Zone Company Formation, in UAE?
The cost depends on the nature of your business. Please contact MATRIXX Company Formation to get a quote.
