Freezone Company Setup

A Freezone company in Dubai is established to operate in specially designated areas that offer investors and businesses tax advantages, foreign ownership rights, and other incentives.

Dubai and the United Arab Emirates provide a wide range of opportunities and conveniences to businesses through various free zones. These zones are typically focused on specific sectors and offer special regulations and infrastructure to simplify business operations.

Advantages of Setting Up a Freezone Company

• 100% Foreign Ownership: Companies established in a free zone can be entirely foreign-owned without the need for a local partner.
• Tax Advantages: Companies operating in a free zone can be exempt from corporate and income taxes.
• Customs Duty Exemption: Exemption from customs duties on import and export transactions.
• Full Profit and Capital Repatriation: Companies can fully repatriate their profits and capital to their home countries.
• Quick Setup and Low Bureaucracy: Company formation is quick, and bureaucratic procedures are minimal.
• Modern Infrastructure and Office Solutions: Free zones offer advanced infrastructure, office spaces, and logistics services.

Freezone Company Formation Process

1. Choosing a Freezone: Select the free zone that best suits your business activities. Dubai offers various free zones, such as Dubai Multi Commodities Centre (DMCC), Dubai International Financial Center (DIFC), Dubai Media City (DMC), and Jebel Ali Free Zone (JAFZA).
2. Business Activity and Name Selection: Decide on the business activity and name of your company. The name must comply with the regulations of the chosen free zone.
3. License Application: Submit an application to the management of the selected free zone and provide the necessary documents for the business license. The type of license may vary depending on the business activities.
4. Company Registration: After reviewing the required documents and application forms, your company is officially registered, and your business license is issued.
5. Obtaining Investor Visa: Once the company license process is complete, initiate the investor visa application process.
6. Opening a Bank Account: You need to open a corporate bank account for your company. A bank account is essential for conducting business activities. The process can be prolonged without proper support for free zone companies.

Popular Dubai Free Zones

• Dubai Multi Commodities Centre (DMCC): Focused on trade and commodities.
• Jebel Ali Free Zone (JAFZA): Suitable for logistics and industrial activities.
• Dubai International Financial Center (DIFC): Ideal for financial companies.
• Dubai Media City (DMC): Concentrated on the media and communication sector.
• Dubai Silicon Oasis (DSO): A hub for technology and innovation.