Freezone Business Setup in UAE
A Free Zone in the UAE is a designated geographic area where foreign businesses can set up with simplified regulations, customs benefits, and full ownership rights. It’s established to attract foreign investment, promote economic diversification, and facilitate international trade.
Here are seven steps to set up a business in a UAE Free Zone:
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Select Free Zone: Choose a suitable Free Zone based on your business activity and location preferences. Each Free Zone may have specific regulations and benefits.
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Choose Business Activity: Determine the type of business activity you wish to engage in. Different Free Zones specialize in various industries.
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Select Legal Entity: Decide on the legal entity, such as a Free Zone Establishment (FZE) for single owners or a Free Zone Company (FZCO) for multiple shareholders.
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Apply for License: Submit a license application to the chosen Free Zone authority. Specify the type of license you need, such as trading, manufacturing, or services.
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Office Space and Facilities: Choose the appropriate office space within the Free Zone. Options range from flexi-desks to larger offices, depending on your needs.
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Submit Documentation: Provide necessary documents, including passport copies, business plan, and application forms. Non-resident shareholders may require additional documentation.
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Obtain Approvals: Once documents are submitted, the Free Zone authority reviews and processes the application. Once approved, you’ll receive the business license and can commence operations.
Reasons for Start a Business in Dubai Free Zone
100% Foreign Ownership
Dubai Free Zones offer full foreign ownership, enabling entrepreneurs to retain complete control and decision-making authority over their businesses.
Tax Benefits
Businesses in Dubai Free Zones benefit from zero personal and corporate income taxes, allowing entrepreneurs to maximize profits and reinvest in growth.
Customs Privileges
Free Zones provide customs duty exemptions for imports and exports, reducing operational costs and enhancing competitiveness in international trade.
Simplified Setup
Dubai Free Zones offer streamlined procedures with minimal paperwork, enabling entrepreneurs to establish their businesses swiftly and efficiently.
Advantages of setting up a company in a Free Zone
Strategic Location in United Arab Emirates
Free Zones in Dubai are strategically positioned near major transportation hubs, facilitating efficient import/export operations and easy access to global markets.
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Business Support Services
Free Zones offer comprehensive support services such as networking opportunities, business advisory, and streamlined administrative processes, aiding entrepreneurs in their business journey.
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Infrastructure and Facilities
State-of-the-art infrastructure, modern office spaces, and advanced technology provided by Free Zones create a conducive environment for innovation, growth, and productivity.
Read MoreEconomy of the United Arab Emirates
Freezone Package Inclusion:
Business License
Provision of the necessary license to legally operate within the Free Zone, tailored to the specific business activity.
Office Space
Access to office facilities, ranging from shared workspaces to private offices, equipped with essential amenities.
Company Registration
Assistance with company registration and incorporation processes, ensuring compliance with Free Zone regulations.
Visa Support
Guidance and support for obtaining employee and investor visas, simplifying the process of relocating staff and shareholders.