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Company Formation in Dubai Free Zone

Register your company in the Dubai Free Zone for an exclusive price starting at AED 13,600! When you incorporate your business with Gryffin Capitalist, you'll have access to the best free zones in Dubai.

Our Package Includes the following:

  • Incorporation Certificate
  • Lease Agreement
  • Company Stamp
  • Trade Name Reservation
  • Bank Introduction

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Company Formation in Dubai Free Zone

Dubai Free Zones

Company Formation in Dubai Free Zone would undoubtedly give your firm the push it needs. UAE is ideally positioned with a sophisticated supply of raw resources and highly skilled labor.

Aside from this, businesses operating in free zones can benefit from improved infrastructure, duty exemptions, and first-rate amenities. Foreign business owners launching any kind of enterprise in Dubai must adhere to the criteria of the company law, which stipulates and covers all the procedures that must be followed to start a business. Here are some legal definitions and information you should familiarize yourself with if you plan to start a business in the Emirate.

All About Company Registration in Dubai Freezones

Each free zone has its own set of rules and guidelines for conducting business. Businesses registered in a free zone are prohibited from operating on the mainland. 

The businesses may cater only to consumers in the free zone, imports, or exports. However, some free zones, like Dubai Multi Commodities Center (DMCC) let businesses conduct transactions on the mainland with a dual license. However, certain conditions and rules of DED will apply to the mainland operations covered under the dual license.

    Some Principle Free Zones & Their Licensed Activities

    Most free zones in Dubai are designed to support a particular industry with infrastructure and permits.

    For instance, the Dubai Multi Commodities Centre (DMCC) is a collection of businesses that trade in commodities, including coffee, gold, silver, etc. The main goal of Dubai Silicon Oasis (DSO) is to promote investments in the ICT sector.

    JAFZA caters to manufacturing, logistics, and industrial businesses. The first e-commerce free zone in the UAE is Dubai Commerce City.

    As its name implies, Dubai International Financial Centre (DIFC) focuses on the financial services sector, including banking, insurance, Fintech, etc. Then there is Dubai Media City, a free zone for media enterprises; Dubai Design District (D3), a free zone for designers and design firms; and Dubai Internet City, a free zone for tech firms.

    Dubai Healthcare City grants licenses for enterprises, clinics, and physicians involved in healthcare. Dubai Cars and Automotive Zone support the automotive industry (DUCAMZ). These free zones offer licenses for various industries in addition to their primary emphasis on business.

    Dubai has a general-purpose free zone called the International Free Zone Authority (IFZA).

    VAT for a Dubai Freezone Company Setup

    Value Added Tax (VAT), which the government imposes at a nominal rate of 5% on taxable goods and services. Certain free zones have been designated as Designated Zones by the Federal Tax Authority (FTA), which are governed by unique VAT regulations.

    The free zones that are not included 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 similarly exempt from the VAT.

    Nonetheless, 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 a Business Setup in Dubai Free Zone

    The following company structure types are available in the Dubai free zones:

    1. Free Zone Establishment

    A sort of legal organization with just one individual stakeholder is known as a Free Zone Establishment (FZE).

    2. Free Zone Company

    A sort of 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 there. The branch company should engage in similar operations to the main organization.

    Key Business Licenses for a Dubai Free Zone Business Setup

    The most crucial need for starting a business in a free zone in Dubai is a business license. The majority of the free zones in Dubai offer the following as some of the most popular trade permits.

    • E-Commerce
    • General Trading
    • Commercial/ Trade
    • Service
    • Industrial

    The list of business licenses granted by Dubai free zones is not all-inclusive. Several unique rights are offered by many free zones depending on the activities.

    Speak with Dubai business setup specialists to give the business owners a list of the permits each free zone authority has issued.

      How to Proceed with Company Registration In Dubai Free Zone?

      The Freezone Company Formation in Dubai consists of six easy stages.
       

      1. Choose the Business Activity

      Choose the type of license you want to apply for by deciding on the type of business activity you want to conduct. They have a wide range of options to consider because several zones in Dubai permit numerous economic operations.
       
      2. Select a Free Zone

      Choosing the best free zone for your business is the next step after choosing a business activity. Do your homework before selecting a sector-specific zone because there are ones for IT, healthcare, business, trading, and other industries.
       
      3. Choose a Trade Name

      Make sure your company name is available for registration on the Dubai Free Zone Authority portal before finalizing a name. The name must also comply with certain requirements, such as staying clear of any allusions to political or religious organizations or foul language.
       
      4. Pay the Dubai Freezone Company Setup Cost

      Take advantage of our offers and start your business in Dubai! Prepare the Cost of Setting Up a Company in a Dubai Free Zone beforehand.
       
      5. Compile the Paperwork and Apply for a License

      The critical next step is to submit an application 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.
       
      6. Establish a Business Bank Account

      The process of opening a free zone company business bank account in UAE is simple. Nevertheless, to achieve this, you must reassemble the paperwork and your business license and hand them to the selected banking institution.
       

      Some other essential documents are as follows:

      • A form for opening corporate accounts
      • Board of Directors' resolution authorizing the activation of the account and its signatories
      • A photocopy of the incorporation certificate for your business
      • A photocopy of your stock certificate
      • A photocopy of the company's articles of incorporation and memorandum
      • Copies of each business partner's passport.
         
      Documents Required
      A color copy of the shareholder(s)' passport
      A Copy of Residence Proof (not less the 3 months old)
      A business strategy
      The Board Decision (For Branch)
      Memorandum and Articles of Association (For Branch)
      List of the 
      List Of Free Zones to Open a Free Zone Company in Dubai

      More than 30 free zones in Dubai offer a variety of company creation activities, including:
       

      International Free Zone Authority (IFZA)
      Dubai Academic City
      Dubai Airport Free Zone Authority (DAFZA)
      Dubai Biotechnology Research Park (DuBiotech)
      Dubai Car and Automotive City Free Zone (DUCAMZ)
      Dubai Design District
      Dubai Gold and Diamond Park
      Dubai Healthcare City
      Dubai Industrial City (DIC)
      Dubai International Academic City
      Dubai International Financial Centre (DIFC) 
      Dubai Internet City (DIC)
      Dubai Knowledge Village
      Dubai World Trade Centre Free Zone
      Dubai South Free Zone
      Dubai Logistics City
      Dubai Media City
      Dubai Maritime City
      Dubai Multi Commodities Centre or Jumeirah Lakes Towers Free Zone
      Dubai Outsource Zone
      Dubai Silicon Oasis (DSO)
      Dubai Studio City
      Dubai Creative Clusters Authority (Dubai Technology and Media Free Zone Authority)
      International Media Production Zone
      Jebel Ali Free Zone
      Economic Zones World
      Dubai Flower Centre
      Meydan Free Zone
      International Humanitarian City
      Dubai Textile City Free Zone
      Dubai Commerce City (DCC Free Zone)

      Top Freezones for Company Incroporation

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      Why Choose Gryffin Capitalist?

      Due to the less strict requirements established by each free zone administration, the process for forming a corporation in the Dubai free zone is rather straightforward. Entrepreneurs may consider starting a firm on their own due to simple business setup procedures in Dubai-free zones. Nonetheless, accepting full responsibility increases the workload because choosing the ideal free zone from a list of more than 40 free zones is a tiresome undertaking in and of itself.

      To reduce risks, it is advised to work with the top company setup experts in Dubai, like Gryffin Capitalist, rather than going for it alone. Our firm formation consultants are highly skilled and knowledgeable about the specifics of UAE immigration and labor law.

      Our help will make procedures like applying for a license, getting a visa, preparing documents, renewing a license, etc. simpler. So, reach out to us, and we'll be glad to assist.

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      Frequently Asked Questions (FAQs)

      It is possible to obtain licenses for operations such as trading, manufacturing, industrial, consulting, and services, and as was already said, the majority of free zones focus on a specific industry.

      Simple steps can be used to complete it. Choose a business endeavor. Locate an Appropriate Free Zone Decide on a trading name. Assemble crucial documents Request a license Establish a bank account for your company. These straightforward steps, meanwhile, can have complex processes.

      In UAE-free zones, there are no currency restrictions of any type. This facilitates financial transactions.

      No, you are only allowed to conduct business locally in the Free Zone or globally (outside of the UAE). On the UAE's continental territory, you are not permitted to do any business.

      Yes. Depending on the type of business, some actions may need external authorization from specific Ministries or regulatory authorities. For instance, an investor seeking to establish a training or educational facility might need to get approval from the KHDA (Knowledge and Human Development Authority). The Free Zone Authority will conduct its own examination of the proposed business activity during the incorporation procedure if no outside approvals are needed.

      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, but the size of real office space will determine how many visas are allocated (typically one visa per 10 sq. m.).

      Companies operating in a free zone are excluded from 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 100% of funds and profit will be returned home A first-rate infrastructure Suitable regulations.