Company Formation in Dubai Free Zones
ABOUT FREEZONES IN UAE:
A large number of Free Zones are in Dubai and also in the UAE. As of the recent count, the list of free zones is in excess of 35 within Dubai alone. Some of the more prominent ones include Jebel Ali Free Zone (JAFZA), Dubai International Financial Centre (DIFC), and many more.
UAE is renowned for its successful Freezones. Freezones are well-defined areas within UAE that are governed by Free Zone Authorities with power to issue Business Licenses. As the name envisages, an entrepreneur is free to grow without any hindrance from Authorities while doing business. At Freezone, an entrepreneur can precisely estimate the cost of running his company.
Each Free zone is a hub of a huge number of multi-national companies from all countries in the world. This multi-national and multi-cultural business environment in Freezones makes it look like the typical cross-section of the world.
UAE Free Zones are the designated areas in UAE, where the expatriates can fully own and operate their business. Free Zone Company Registration in UAE is a prospective business investment for expatriates from all over the world.
WHY FREEZONES ARE ATTRACTIVE:
Free zones offer a wonderful competitive advantage for businesses:
- 100% Foreign Ownership
- Tax-free Income – No Corporate or Income Tax
- 100% profit repatriation and capital transfer
- Easy and quick Business Setup with minimum documentation requirements
- 2-Year Residence Visa and Multi-Year License
This makes free zones the most advantageous locations in the Middle East for international setups and attracts many companies for Free zone company registration in Dubai.
Types of Registration Licenses:
-Professional License
-Commercial License
-Industrial License
Types of Companies:
-General partnership
-Limited partnership
-Limited liability company (LLC)
-Public joint stock company (PJSC)
-Private joint stock company (PrJSC)
-Civil company
-Local company branch
-GCC company branch
-Foreign company branch
-Free zone company branch
-Sole establishment
-Holding companies
The cost of registering a company in the UAE
Company registration in Dubai and other regions of the UAE is different according to various features and factors. These factors include the type of company, the license issued, the desired area for starting the business, the number of partners and the name of the company.
Business Activities:
Free zone Business Setup activities are limited to the ones permissible and registered within the same free zone. A local agent, individual or company, is mandatory to engage in any business out of the Free Zone, inside or outside the UAE.
Clients:
Within the UAE, you will be able to deal directly with clients registered in the same free zone.
Visa requirements:
The number of visas depends on the office space, owned or leased in the free zone. Smart office packages offer up to 6 visas, depending on the license and the free zone. A physical office or warehouse has to be leased out of the free zone to avail of more visas.
License Costs:
You will be saving on initial costs of registration as license fees are lower, besides no physical office is required. Free zone authorities allow the licensees to use Flexi desks/smart offices, or common business center desks for limited hours per week.
Ownership:
Full ownership of your company.
updated on: 2024/1/2