UAE Free Zones
Foreign investors may find a Freezone Company Formation highly appealing in one of the UAE's free trade zones, but doing so requires a thorough understanding of the market. The UAE is home to more than 45 different Free Zones; as a result, we can advise on the best Free Zone based on company needs, visa and office requirements, and, undoubtedly, investment budget.
UAE Free Trade Zones (FTZ) are designated geographical areas where UAE mainland taxes, employment, import-export limitations on business, as well as bureaucratic regulations are not applicable. This makes them the preferred location for foreigners.
All About a UAE Free Zone Company Formation
It is possible to register a Free Zone Business Setup – Dubai, UAE with or without an office space for rent in Dubai. To facilitate imports and exports, the company needs to obtain an import-export customs code and register with the Chamber of Commerce.
A Tax Residency Certificate from the UAE can be obtained once the firm has been incorporated for one year. The Double Taxation Avoidance Agreement (DTAA) allows investors to benefit from tax savings in their home nation.
Also, a bank account for a free zone company can be opened in any bank in the United Arab Emirates that offers active internet banking, debit cards, credit cards, checkbooks, and other trade facilities. The most practical way to promote business in the MENA region, in short, is through UAE free zone company establishment.
What is a UAE Free Zone License?
An investor may engage in trading or any other commercial activity in the defined region with the aid of a free zone license, which is a legitimate business document in the UAE. After the investor registers the company, the relevant Free Zone Authority issues the investor a Free Zone License.
It's crucial to pick the best business venture while starting a firm. Only the commercial activities that are stated on the company's UAE free zone license are legally permitted.
One trade license can be used for up to 10 different business activities. However, the choice of activities and the total number of activities vary based on the particular Free Trade Zone.
Types of Licenses Offered in the UAE Free Zones
- General Trading
What is a UAE Free Zone Company?
A Free Zone Company is a legitimate business that is established in one of the UAE's more than 45 Free Trade Zones. The most prevalent corporate structure in the Free Trade Zone is the Free Zone Establishment (FZE).
There will be only one shareholder in an FZE company. However, if there are multiple shareholders, the company will be registered as a Free Zone Company (FZC). Investors can easily facilitate trade and other commercial operations by using the Free Zone Company in the UAE.
The UAE's free zones provide a variety of business advantages, and investors can select from a variety of office spaces to meet their unique needs. For investors looking to easily establish a business in the area, the Free Zones in the UAE provide a variety of affordable company creation packages.
How Should You Choose Your Business License's in a Freezone?
Within the UAE, free zones are specially designated areas that support free trade. In the United Arab Emirates, there are more than 45 free zones, and each of the major free zones is home to more than 8000 businesses.
For international investors, they provide several business licensing package deals. Each Freezone is governed by a different authority and subject to different laws and restrictions.
Investors frequently struggle to identify the appropriate zones for forming their business and securing a business license. Due to the UAE's reputation as one of the safest places to live and work, there has been a rapid increase in the no. of businesses registered there and resident visas issued.
The Free Zone authorities are engaged in vigorous competition to draw investors precisely because of this. Many Free Zones have begun offering permits at low cost in an effort to entice businesspeople. Such inexpensive permits might be appropriate for fledgling small businesses looking to test the market. Everyone is aware that inexpensive trade permits have their limitations.
The investor must ultimately decide whether to build their businesses in the highly regarded Free Zones or not. Starting a business is just the first step in an entrepreneur's journey. There are numerous legal requirements that must be met. So, it is sage to seek the counsel of an established business consultant with solid experience in the United Arab Emirates.
List Of Free Zones in the UAE
Let us have a look at the UAE Free Zones in each Emirate.
- Jebel Ali Free Zone (JAFZA)
- Dubai Airport Free Zone (DAFZA)
- Dubai International Financial Centre (DIFC)
- Dubai Healthcare City (DHCC)
- Dubai World Trade Center (DWTC)
- Dubai South Free Zone
- Dubai Knowledge Village
- Dubai Logistics City
- Dubai Media City (DMC)
- Dubai Silicon Oasis (DSO)
- Dubai Academic City
- Dubai Biotechnology & Research Park (DuBiotech)
- Dubai Car and Automotive City Free Zone (DUCAMZ)
- Dubai Design District
- Dubai Gold and Diamond Park
- Dubai Industrial City (DIC)
- Dubai International Academic City
- Dubai Internet City (DIC)
- Dubai Multi Commodities Centre(DMCC)
- Dubai Outsource City
- Dubai Studio City
- Dubai Creative Clusters Authority Free Zone
- International Media Production Zone
- Economic Zones World
- Dubai Flower Centre
- Meydan Free Zone
- International Humanitarian City
- International Free Zone Authority(IFZA)
2. Abu Dhabi
- Abu Dhabi Airport Free Zone (ADAFZ)
- Abu Dhabi Global Markets (ADGM)
- Khalifa Industrial Zone Abu Dhabi (KIZAD)
- Abu Dhabi Ports Company (ADPC) – Khalifa Port and Industrial Zone (KPIZ)
- Industrial City of Abu Dhabi
- Higher Corporation for Specialized Economic Zones (Zones Corp)
- Masdar City Free Zone
- Hamriyah Free Zone
- Sharjah Airport International Free (SAIF) Zone
- U.S.A. Regional Trade Center (USARTC) Free Zone
- Sharjah Publishing City Free Zone(SPC)
- Sharjah Media City Free Zone(SHAMS)
- Sharjah Research Technology and Innovation Park(SRTIP)
- Fujairah Free Zone
6. Ras Al Khaimah
- Ras Al Khaimah Investment Authority (RAKIA)
- Ras Al Khaimah Economic Zone (RAKEZ)
- Ras Al Khaimah Media Free Zone
- RAK Maritime City
7. Umm Al Quwain
- Umm Al Quwain Free Trade Zone (UAQFTZ)
How to Proceed with a UAE Freezone Company Registration?
Every business that operates in a UAE Free Zone must have a business license (also known as a trade license). Each business license has an annual renewal requirement and is only good for one year from the date of issuance.
When a free zone company is formed, several UAE free zones demand a minimum amount of paid-up share capital. Each Free Zone's regulations will determine how much share capital is required.
We recommend that you check over the primary processes of registering a business in a UAE-free zone to assist you in getting ready for the company registration process.
The maximum no. of activities that can be added to a license varies depending on the Free Zone. Nonetheless, the general regulation for all Free Zones is that no commercial activity can be combined with service activities in one license.
As a result, anything involving trading needs to be covered by a trading or commercial license, while offering services or consultations needs to be covered by a service license. You need an industrial license if you want to make or manufacture something.
Each UAE Free Zone has a different set of permitted activities that may be carried out there; in addition, each Free Zone may have different sorts of amenities and visa quotas. For this reason, it is strongly advised that you seek professional advice when selecting the ideal Free Zone for your company.
The following corporate structures are possible: a branch of a domestic or international company, a subsidiary company with corporate shareholders, a joint venture company with a mix of individual and corporate shareholders, or a new company with individual shareholder(s).
You should check with the free zone of your choice as some business activities are only permitted for Branch Businesses.
You must locate a business property for your firm inside the selected Free Zone if you want to proceed to the licensing process' final stage. Once you've chosen a good alternative, you must sign a lease agreement (for at least a year) and get the Ejari Certificate.
Based on how your license will be issued and the address from your tenancy contract, both must be given to the free zone in accordance with the type of facilities (flexi-desk, business center office, physical office, warehouse, retail space).
Prepare the list of documents necessary by the selected Free Zone and rank your top three preferred company name possibilities
Initial clearance typically covers the planned company structure, the chosen business activity(s), and the company name. A face-to-face meeting (or video call) with a free zone representative must be scheduled once the initial authorization is received.
By giving your representative Power of Attorney and certified paperwork, it can occasionally be avoided. The shareholders' or UBOs' passports will be checked during the meeting, and documents like the Articles of Association (AOA), Board Resolution, and Specimen Signing Form will be signed.
Dubai Free Zone Company Setup and for the rest of the UAE, the cost of incorporating a business starts from AED 5,510*.
(*Prices are subject to change. Kindly connect with us for confirmation.)
Once all funds have been made, all approvals have been received, and the registration forms have been signed. Further business documents will also be granted at the same time as the license.
The following common package of corporate documents, which may alter slightly from one Free Zone to another, will be issued along with your license at the conclusion of the process: License, Articles of Association (AOA), Certificate of Incorporation, Share Certificates, and Tenancy Agreement.
Why Choose Gryffin Capitalist?
As the leading Dubai Freezone business setup company, we focus on Freezone Company Registration & Renewal in UAE in these free zones by helping them choose the best free zone location and make some important decisions based on their needs, business type, desired office type, capital requirements, and many other factors.
Reach out to us as our organization for company formation in UAE free zones makes a concerted effort to guide the entire process via the proper paths, taking financial resources into account and saving them at every step, making the entire process of starting the business enjoyable and completely stress-free.
Our consultancy for Dubai Freezone Company Formation, UAE, ensures that your business gains the most from the benefits of a free zone company formation in the UAE, including - cost-effective operations, complete control over the business, complete exemption from trade fees, tax-free income, restriction-free currency use, and good scope for a smart infrastructure with fantastic working conditions.
Strong belief in long-term client relationships
Competitive Market Pricing
Efficient and Transparent Process
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