bUSINESS SETUP IN DUBAI FREEZONES
Business Setup in Dubai Free zone
Setting up your business in a Dubai Free Zone provides numerous advantages, including full foreign ownership, tax exemptions, and a streamlined process. Free zones in Dubai are designed to foster business growth by offering state-of-the-art infrastructure, access to global markets, and a variety of support services. Businesses in these zones enjoy benefits such as 100% repatriation of profits, zero corporate and personal income taxes for a specified period, and simplified licensing and registration processes. Dubai’s strategic location, coupled with flexible office space options, makes free zones the ideal environment for businesses looking to expand or establish a presence in the UAE. Let Fitris Management Consultants help you navigate the setup process, ensuring compliance and efficiency while you focus on growing your business.
dubai free zone company formation procedures
Choose the Right Free Zone: Select a free zone that aligns with your business activity. Different free zones cater to specific industries such as technology, logistics, media, and finance.
Select a Business Activity: Determine the type of business you plan to operate. The business activity must comply with the regulations of the selected free zone.
Apply for a Business License: Submit the required documents to the free zone authority for approval. This will include your business plan, passport copies, and other essential documents.
Choose a Company Structure: Decide on the legal structure of your business, such as a Free Zone Establishment (FZE) or a Free Zone Company (FZC).
Sign the Lease Agreement: Choose an office space or facility in the free zone, depending on your requirements. Sign the lease agreement with the free zone authority.
Obtain Approvals: Submit the necessary documents, including your passport copy, visa application, and the lease agreement for final approval from the free zone authority.
Pay Fees: After receiving the approvals, pay the registration and licensing fees. The cost will vary depending on the free zone and business activity.
Issue License: Once all documents are submitted and fees are paid, the free zone authority will issue your business license, allowing you to legally operate in the UAE.
Apply for Visas: After obtaining the business license, apply for employee and investor visas for you and your team, based on the free zone’s regulations.
documents required for business in dubai free zone
When setting up a business in a Dubai Free Zone, the required documents may vary depending on the specific zone and type of business. However, the following documents are typically required:
Passport Copies:
- Passport copies of the business owner(s) and shareholders, including copies of visa pages if applicable.
Business Plan:
- A detailed business plan outlining the business objectives, operations, and financial forecasts. This may be required by some free zones.
Proof of Residence:
- A utility bill or tenancy agreement showing the residential address of the business owner.
Application Form:
- Completed application form provided by the free zone authority.
Bank Reference Letter:
- A reference letter from your bank stating your financial credibility and the source of funds for the business.
Corporate Documents:
- If you are forming a company, you may need to provide documents such as the Articles of Association, Memorandum of Association, and Shareholder Agreement.
Visa Copy:
- A copy of your UAE visa or residence permit if you are already based in the UAE.
No Objection Certificate (NOC):
- If you are employed in the UAE, a NOC from your employer may be required to start a business.
Trade License (if applicable):
- If you are transferring an existing business, provide a copy of your current trade license.
Passport-Sized Photographs:
- Recent passport-sized photos of the business owners and shareholders.
- Lease Agreement:
- Proof of office space in the free zone, such as a lease agreement or rental contract.
major regions in dubai free zones
Jebel Ali Free Zone (JAFZA):
Ideal for manufacturing and logistics, JAFZA offers proximity to ports for easy global trade. It’s one of the largest and most established free zones in Dubai.Dubai Internet City (DIC):
A tech and digital business hub, DIC fosters innovation and offers a supportive environment for startups and established IT companies.Dubai Media City (DMC):
Focused on media, marketing, and communications, DMC is a leading destination for media professionals and content creators.Dubai Silicon Oasis (DSO):
A technology-focused free zone, DSO provides cutting-edge infrastructure for businesses in electronics, software, and R&D.Dubai Knowledge Park (DKP):
Specializes in education, training, and human resources, offering a nurturing environment for educational institutions and training centers.Dubai International Financial Centre (DIFC):
A leading financial hub, DIFC offers a robust legal and regulatory framework, making it ideal for financial services, law firms, and insurance companies.Dubai Healthcare City (DHCC):
Focused on healthcare, medical research, and wellness, DHCC provides a thriving environment for hospitals, clinics, and health-related businesses.Dubai South:
Dubai South is centered around aviation, logistics, and real estate, offering excellent proximity to Al Maktoum International Airport for global trade.Dubai Multi Commodities Centre (DMCC):
Known for commodity trading, DMCC is a leading hub for businesses in the gold, diamond, and commodity sectors, with a global reputation.Dubai Airport Freezone (DAFZA):
Located near Dubai International Airport, DAFZA is ideal for businesses in aviation, logistics, and e-commerce, with excellent global connectivity.
How Fitris Management Consultants Can Help Your Business?
Fitris Management Consultants simplifies your business setup in Dubai’s free zones. We guide you in selecting the right free zone, manage the registration process, and ensure compliance with all regulations. Our team provides ongoing support, handling licensing and legal requirements, so you can focus on growing your business.
Contact us today for business setup in dubai free zone services
Ready to start your business setup in Dubai free zone? Get in touch with us today! Our expert team at Fitris Management Consultants is here to guide you through every step of the setup process. Contact us to get started!
