TOP 7 REASONS WHY BUSINESS SET-UP IN DUBAI FREEZONE IS MORE PROFITABLE
From around the world, many investors planning to start a Business in Dubai…
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Freezone License
Freezone License for Your Business
Company formation in Dubai free zone may turn out to be challenging task when you try to acquire a free zone company license in Dubai without approaching professional service providers, your lack of knowledge and inexperience might end you up in spending more time and money.
What is the Dubai free zone?
Dubai free zone is a region that allows foreign investors to setup new business in UAE with 100% ownership. It allows a predefined trading task to be carried out. Company formation in Dubai Free zone demands a license to be attained by submitting certain documents. The license is issued based on particular company activity or trading.
Dubai free zones are under development and we hope that the number of free zones may rise in the future.
The free zone license in Dubai for a company to operate has been issued by the Free zone Authority (FZA). UAE mainland organizations have certain commercial laws, but these laws do not apply to the companies in the free zone region in Dubai. Free zone companies enjoy limitless freedom to operate. The freezone allows foreign investors to enjoy 100% ownership. Other benefits of free zone companies are tax exemptions, limited exchange restrictions, complete repatriation benefits etc.
Based on the business activity you choose to trade in the free zone, the license will be issued. The license categories include Industrial license, Trading license, or Service license. The license that is issued by Free Zone Authority must be renewed every year as long as the business is active.
According to your business style, you are free to choose the required free zone jurisdiction. Your business type must go with the free zone category. Free zone companies and offshore companies share some benefits but they are not the same.
So, have you decided to form a company in the free zone region, Dubai? Come to us! Our business setup consultants in Dubai will help you with the complete process to attain a valid license and form a company.
Benefits /Advantages of Business Set Up in Dubai Free Zone
Centriz helps you to obtain a free zone license in Dubai for your company. Let’s dive into the advantages of business set up in the Dubai free zone.
- 100% ownership: Get complete foreign ownership with a business set up in a free zone. Free zone businesses don’t demand the need for a UAE national sponsor for forming a company.
- No currency regulations: There is no currency regulation of any kind in the free zones in Dubai. This helps with the easier financial transactions.
- Export and import duty exemption: For the business activities in the free zones, there is no import and export duties which in turn helps in promoting international trade.
- 100% tax exclusion: For those companies in the free zone, there is no tax applicable and this includes exemption from corporate tax and income tax.
- Easy incorporation of companies
- Hassle free immigration processes
- Excellent infrastructure and communication. Also free zone companies can enjoy cost effective business promoting features.
List of Dubai Free Zones
Centriz helps for free zone business setup in UAE by obtaining free zone license easily. Get to know the list of Dubai free zones.
Here are the Free Zones operating in Dubai, which include the following:
- Dubai Silicon Oasis
- Dubai Airport Free Zone
- Dubai Design District
- Dubai International Academic City
- Dubai Healthcare City
- Dubai Internet City
- Dubai International Financial Centre
- Dubai Knowledge Village
- Dubai Media City
- Dubai Gold and Diamond Park
- Dubai Multi Commodities Centre (DMCC)
- International Media Production Zone
- Jebel Ali Free Zone
- Dubai Production City
- Dubai World Central (Dubai South)
- Dubai Studio City
- Dubai World Trade Centre Free Zone
- Dubai CommerCity
Types of Free Zone licence in Dubai
If you are planning for a business formation in UAE free zones, then it is important to obtain a business license. Below are the types of free zone license in Dubai to be obtained by the applicants who seek business set up in UAE free zones.
- General trading license
General trading license permits the investors to trade every kinds of products
- Trading/Commercial license
Commercial license helps to perform commercial, consulting or industrial activities
- Service license
Obtaining a service license allows accounting firms, law firms and business consultancy firms to operate.
- Industrial license
An industrial license allows manufacturing goods, importing raw materials, finished products exporting across worldwide.
- Warehousing license
Availing warehousing license allows warehousing facilities, packaging and goods storage.
- Manufacturing license
Manufacturing license allows the applicants to manufacture products.
Other Services
Explore other services that Centriz offers
Freezone License
Mainland License
License Renewal
License Modification
License Cancellation
Chamber of Commerce Registration
Visa Services
Accounting & Auditing
AML Compliance Services
Bank Account Opening Assistance
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Frequently Asked Questions
Business stop companies in Dubai help you to start a business in 3 zones, free zone, mainland and offshore, based on the business activity. You just need to:
- Get in touch with our consultants
- Submit documents
- Choose trade name
- Business approval
- Obtaining business license
- Immigration and visa process
The Mainland zone is the region where commercial business activities are carried out. You need to get approval from the Dubai Economic Department to start a business here. This is the main location where international companies mark their presence.
If you approach business setup companies in Dubai, it is quite easy to start a business and it’s not challenging. The Dubai government provides many benefits for your initiative. To start an easy, and cost-effective company, it is advisable to start in a free zone. Mainland requires partnership and is costlier too.
Dubai mainland zone allows the business to perform the activities without any restrictions even outside UAE. But Dubai free zone has restrictions to perform the business activities to be done within the UAE.
Based on the business activity, you can decide which zone to choose. Business activities in the free zone don’t need a local sponsor. But for the mainland zone, you just have a local sponsor and the role of the sponsor is the type of business activity.
Yes, a business can be established remotely if it is done in a free zone. Whereas mainland zone companies must have a power of attorney that is given to business consultants. Professional business companies in Dubai will do all the formalities on your behalf without coming to Dubai.
Yes, it is. You can maintain a common agreement between you and your partner stating that he is the sleeping partner and he doesn’t own any shares in your organisation.
Yes, you can easily start a branch in Dubai with a company in foreign country. It can have 100% ownership and no locals are required. Only parent company documents are needed for the further proceedings.
Except oil and gold, any type of trading activities can proceed further. For oil you need special permission and license.
One stop hub for all corporate services.
Our services offered by business setup consultants in UAE extend its scope to a wide range of activities which will make our client get all the perfect services from Centriz.
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- #908, Platinum Business Center, Al Nahda-2, Dubai- UAE
- +971 4 255 6033
- info@centriz.ae
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