Company Formation in Dubai Free Zone
Company formation in the Dubai Freezone provides investors with many opportunities to invest in Dubai.
Our Dubai Freezone company package Includes:
- Company Formation Certificate
- Lease Agreement
- Trade Name Reservation
- Residency Visas
Company Formation in Dubai Free Zone
Company Formation in the Dubai Free Zone would give your firm the required business growth. UAE has an ample supply of raw resources and highly skilled labour.
Businesses operating in Dubai Free Zones can benefit from world-class infrastructure, duty exemptions, and best-in-class amenities. Foreign business owners looking to form a company in the Dubai Freezone must adhere to the criteria specified by the Freezone authority.
Read more for the information you should familiarize yourself with if you plan to register a company in the Dubai Freezone.
Company Formation in Dubai Free Zone
Each free zone has its own set of rules and guidelines for conducting business. The businesses may cater only to consumers in the free zone, imports, or exports. However, some free zones like Dubai Multi Commodities Center (DMCC) allow businesses to conduct transactions with the mainland on a dual license. The mainland business operations are subject to the rules of DED under the dual license.
Top Free Zones in Dubai
Most of the free zones in Dubai cater to and support a particular industry with infrastructure and permits. Top Dubai Freezone include:
- Dubai Multi Commodities Centre (DMCC)- It is a collection of businesses that trade in commodities, including coffee, gold, silver, etc.
- International Free Zone Authority(IFZA) - It is a free zone for general trading and other activities.
- Dubai Silicon Oasis (DSO)- The primary purpose of DSO is to promote investments in the ICT sector.
- JAFZA Free Zone - It caters to manufacturing, logistics, and industrial businesses.
- Dubai International Financial Centre (DIFC)- It focuses on the financial services sector, including banking, insurance, Fintech, etc.
- Dubai Media City - It is a free zone promoting media enterprises.
- Dubai Design District (D3)- It is a free zone for designers and design firms.
- Dubai Internet City -It is a free zone catering to the needs of tech firms.
- Dubai Healthcare City - It grants licenses for enterprises, clinics, and physicians involved in healthcare.
- Dubai Cars and Automotive Zone(DUCAMZ)- It supports the automotive industry in the UAE.
VAT for a Dubai Freezone Company Formation
Value Added Tax (VAT), which the government imposes at a nominal rate of 5% on taxable goods and services. Certain UAE freezones have been designated as Designated Zones by the Federal Tax Authority (FTA), which follows VAT regulations.
The free zones that are not on the FTA's list of approved zones are known as non-designated zones. The sale of items inside designated zones is not subject to VAT.
Similar to this, the transfer of products from one Designated Zone to another is exempt from VAT.
VAT is charged on items that are shipped from a non-designated zone to a designated zone. Moreover, VAT is charged on products that are moved from a Designated Zone to a Non-Designated Zone.
Type of Company Structures for Business Setup in Dubai Free Zone
The following company structure types are available in the Dubai Free Zone company formation:
1. Free Zone Establishment
A legal organization with just one individual stakeholder is known as a Free Zone Establishment (FZE).
2. Free Zone Company
A business structure known as a Free Zone Company (FZCO) can be created with two or more shareholders.
3. Branches of Existing Businesses
A corporation based in the UAE or one that operates in another nation may open branches in Free Zone. The branch company must engage in operations similar to those of the parent company.
Key Business Licenses for a Dubai Free Zone Company
The most crucial element for Dubai Free Zone company formation is a business license. The majority of the free zones in Dubai offer some of the most popular trade permits.
- E-Commerce
- General Trading
- Commercial License
- Business Trade License
- Service
- Industrial
The list of business licenses granted by Dubai free zones is not all-inclusive.
Benefits of Company Formation in Dubai Free Zone
The following are the benefits of Dubai Free Zone company formation:
- 100% Foreign Ownership:
- No Requirement of paid-up share capital
- Tax Benefits
- Office space is not necessary
- No income tax
- Simplified Processes
How do we proceed with the Dubai Freezone Company Formation?
The Freezone Company Formation in Dubai consists of six easy stages:
Choose the type of license(General trading, E-commerce, etc.) you want to apply for by deciding the business activity of Dubai Free Zone company. They have a wide range of options to consider because several zones in Dubai permit numerous economic operations.
Choosing the best free zone for your business after selecting the business activity and considering freezone company pricing packages. Do your homework before choosing a sector-specific zone because there are ones for IT, healthcare, business, trading, and other industries.
Ensure the company name is available for registration on the Dubai Free Zone Authority portal before finalizing the company name. The name must also comply with specific requirements, such as staying clear of any allusions to political or religious organizations or foul language.
Please take advantage of our offers and start your business in Dubai by paying the required freezone company setup fees.
The critical next step is to apply for a license after choosing the business activity and registering the trade name at the portal. The kind of license you need depends on your line of work.
The process of opening a free zone company bank account in UAE is simple. The company must submit the required paperwork and business license to the selected bank.
Some other essential documents are as follows:
- Application form for opening a corporate account
- Board of Directors' resolution authorizing the activation of the account and its signatories
- Copy of the incorporation certificate for your business
- Copy of your stock certificate
- Copy of the company's MOA and AOA
- Copies of each business partner's passport.
Documents Required
- Application license form
- A Copy of Residence Proof (not less the 3 months old)
- A Business Plan
- Banking reference letters
- Memorandum of Association (MOA) and Articles of Association (AOA)
- Passport copies of shareholders
- Any additional documents required by specific Free Zones
What our clients say
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.
Gryffin Capitalist simplifies Sharjah freezone company formation with its expert advisors and tailored services. They handled everything from documentation to licensing efficiently.
Why Choose Gryffin Capitalist?
Dubai's strategic location, along with its robust infrastructure and thriving expat community, makes it an attractive destination for businesses looking to tap into diverse markets.
We advise you to work with business setup consultants in Dubai. Our expert consultants are highly skilled and knowledgeable about the specifics of UAE immigration and labour law. Our business consultant will make procedures like applying for a license, getting a visa, preparing documents, renewing a license, etc., simpler.
Quality Professionalism
High Confidentiality
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)
It is possible to obtain licenses for operations such as business trading, manufacturing, industrial, management consulting, and services. As was already said, the majority of Free Zones focus on a specific industry.
Here are the steps to start a business in the Dubai Free Zone.
- Choose a business endeavour.
- Locate an Appropriate Free Zone
- Decide on a trading name.
- Assemble crucial documents
- Request a license
- Establish a bank account for your company.
In UAE Free Zones, there are no currency restrictions of any type.
No, you are only allowed to conduct business locally in the Free Zone or globally (outside of the UAE).
Yes. Depending on the type of business, some actions may need external authorization from specific Ministries or regulatory authorities.
It will typically rely on the kind of office/location chosen. The number of visas allocated for a Virtual Office/Flexi-Desk option will often range from 2 to 3. Still, the size of actual office space will determine how many visas can be allocated (typically one visa per 10 sq. m.).
Companies operating in a Free Zone don't have to pay export and import customs taxes.
For Dubai Free Zone company establishment, you have the option of setting up a Free Zone Company (FZC), Free Zone Establishment (FZE), a branch of a foreign company, or a branch of a UAE corporation.
The advantages are as follows:
- Complete ownership
- No personal or corporation tax
- Will return 100% of funds and profit
- A first-rate infrastructure
- Suitable regulations.
