Business Setup in UAE Free Zone
Get an all-Inclusive business setup in UAE free zone Package to kick start your business journey. With Gryffin Capitalist, get you company registration without hassles.
Some features of our UAE Free zone package Include:
- Company License
- Residence Visa
- Office Lease Agreement
All About UAE Free Zones
UAE is home to more than 45 free zones, and each of the major free zones is home to more than 8000 businesses. UAE Free Trade Zones are special areas where businesses are exempt from mainland taxes and import-export rules. It makes freezones the preferred location for foreign investors.
Foreign investors may find business setup in UAE Free zone highly appealing in one of the free trade zones. But, it requires a thorough understanding of the UAE market and other regulations. We can assist you on the Free Zone setup based on company needs, visas and office requirements, and investment budget.
Some Features of UAE Free Zone Company Formation
- Investors can proceed with business setup in UAE free zone with or without a physical office space in UAE.
- UAE Freezone company must obtain an import-export customs code for imports & exports activity. The company should register with the Chamber of Commerce.
- The company can obtain a Tax Residency Certificate from the UAE upon successful one year registration.
- The Double Taxation Avoidance Agreement (DTAA) allows investors to benefit from tax savings in their home nation.
- Freezone company can open a bank account in UAE. UAE banks offer active internet banking, debit & credit cards with other trade facilities.
The most practical way to promote business in the MENA region, is through an UAE free zone company establishment.
What is a UAE Free Zone License?
Investor can conduct commercial activity in the freezone by availing a free zone license. The company legally has permit to engage in commercial activities stated on company's UAE free zone license. A trade license can include 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
- Service
- Industrial
- Warehousing
- Manufacturing
UAE Free Zone Company
UAE free zone company is legitimate business established in one of the UAE's more than 45 Zones including Dubai Freezones. The most prevalent corporate structure in the Free Trade Zone:
- Free Zone Establishment (FZE) - It has only one shareholder.
- Free Zone Company (FZC) - It has multiple shareholders
List Of Free Zones in the UAE
Let us have a look at the UAE Free Zones in each Emirate.
1. Dubai
- 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)
- Twofour54
- 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
3. Sharjah
- 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)
4. Ajman
- Ajman Free Zone
- Ajman Media City Free Zone
5. Fujairah
- 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)
Benefits of a UAE Free Zone Company Setup
The UAE's Free Zone company is still the most popular business structure among foreign investors because of its numerous advantages, including:
- 100% Foreign ownership
- Exemption on Income Tax or Corporate Tax
- 100% capital transfer and profit repatriation
- Simple and rapid business setup with only a few documents needed
- Visa for multi-year Residency
- Imports into Free Zones are exempt from customs taxes
- Direct Airport and Seaport Connections to More Than 180 Countries Around the World
How to Proceed with Business Setup in UAE Free zone?
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.
Certain free zones demand a minimum amount of paid-up share capital for business setup. Please check the capital requirement and our freezone packages before proceeding with freezone company setup UAE. Please follow the below steps:
Every freezone defines the maximum number of activities added to a license. please note that no commercial activity can combine with service activity in one license.
Trading or commercial license will only cover the trading and Service license will cover the professional and consulting services. You will require an industrial license to make or manufacture something.
Each UAE Free Zone has a different set of permitted activities, amenities and visa quotas. A professional advisor can help you to select the right Free Zone for your business setup in UAE freezone.
The investor can choose to form with FZE or FZC based on their requirements. You should check with the free zone of your choice as some business activities are only permitted for Branch Businesses.
The investor must choose a suitable business property in selected free zone for company formation. Once you've chosen a good alternative, you must sign a lease agreement (for at least a year) and get the Ejari Certificate.
The free zone provides the type of facilities such as business center office, physical office, warehouse etc. in accordance with the tenancy contract.
Prepare the list of documents necessary for freezone business setup in UAE.
Initial clearance typically covers the planned company structure, the chosen business activity(s), and the company name. The freezone will schedule a face-to-face meeting (or video call) with its representative upon the initial authorization.
The objectives of the meeting include verification of shareholders' or UBOs' passports and signing documents. The documents include Articles of Association (AOA), Board Resolution, and Specimen Signature.
The investor must proceed to pay the required license fee as specified by the free zone authority.
Upon completion of the above steps, the freezone authority issues the license and other business documents.
The freezone authority will issue the following corporate documents (slightly differ from one Free Zone to another):
- License
- Articles of Association (AOA)
- Certificate of Registration
- Share Certificates
- Tenancy Agreement
To ease down your business transactions, you need to open a free zone company bank account in the UAE. After this, you can initiate and continue your business operations in a hassle-free manner.
Documents Required
- A Copy of Shareholder(s) Passport
- A Copy of Proof of home address (Not older than 3 months)
- NOC for UAE Residents (for particular Free Zones)
- EID (if applicable)
- Professional CV
What our clients say
Gryffin Capitalist simplifies Sharjah freezone company formation with its expert advisors and tailored services. They handled everything from documentation to licensing efficiently.
Gryffin Capitalist delivers exceptional service for hassle-free UAE freezone company formation. They offer step-by-step guidance, ensuring your business is operational quickly.
Setting up a freezone company in Dubai with Gryffin Capitalist is straightforward and efficient. The team provides expert guidance, ensuring compliance with all legal requirements.
Why Choose Gryffin Capitalist?
As the leading consultants, we help our clients with Freezone Company Registration and Renewal in UAE . We help choose the best freezone packages for business setup in UAE. Also, we assist our clients to make some important decisions based on the requirements and many other factors.
Gryffin Capitalist make a concerted effort to guide our client through the entire process taking financial resources into account . It further helps them in saving time at every step. It makes the entire process of starting the business enjoyable and completely stress-free.
For business setup in UAE free zone, we ensures that your business gains the most from the benefits of a free zone. It includes cost-effective operations and complete control over the business. Incentives include complete exemption from trade fees, tax-free income and restriction-free currency usage.
Quality Professionalism
High Privacy
Strong belief in long-term client relationships
Competitive Market Pricing
Global Footprint
Efficient and Transparent Process
Best Freezones to choose to start your Company
Our business consultants have chosen freezones which are ideal for start-ups, business owners, and SME companies. These freezone provide a quick company registration process and a complete ecosystem for businesses.
Frequently Asked Questions (FAQs)
Under the jurisdiction of the Dubai Free Zone, investors and business owners can establish their companies as either a Free Zone Company (FZC), a Free Zone Establishment (FZE), or a Branch Office.
The steps for creating a free zone corporation are as follows:
- Based on the business category, choose the preferred business entity.
- Choose a good name for your company. Ask the Free Zone Authority to verify it and register it.
- Choose the license type that you will require to start your business.
- Decide on and secure the office space you need for your project.
- Request the initial authorizations for authority.
- On the official website of the Free Zone Authority, register your business in the UAE Free Zones.
- When the process is complete, obtain the business license.
The establishment of a Freezone business in the UAE has numerous advantages.
- Foreign investors receive complete ownership.
- Several tax exemptions exist.
- Companies operating in free zones are not subject to any currency limitations.
- The full repatriation benefits are yours.
- There won't be any import or export fees. You'll benefit from logistical advantages.
- You will receive a fully furnished office.
Warehouse, Industrial, and Professional licenses are the business licenses issued in the Dubai Freezone. Due to constraints on doing business on Dubai's mainland, business transactions are primarily within the Free Zone.
The visa fees are assessed based on the size of the company in Dubai.
The minimum and maximum ages for applying for employment visas are 18 and 60 years, respectively. The majority of governments set a cap on the number of visas available to companies operating in free zones. You can request a higher quota, but you'll need permission to do so.
It will take about 10 to 15 days.
The Department of Immigration.
It is valid for 2 years.
