UAE Free Zones
UAE Free Zones are designated areas offering foreign investors favorable business conditions, including 100% foreign ownership, tax exemptions, and streamlined setup procedures. These zones play a crucial role in attracting international investment and fostering economic growth in the UAE.
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Main Free Zones in the UAE:
- Jebel Ali Free Zone (JAFZA) – Dubai
- Dubai Multi Commodities Centre (DMCC) – Dubai
- Abu Dhabi Global Market (ADGM) – Abu Dhabi
- Dubai International Financial Centre (DIFC) – Dubai
- Ras Al Khaimah Economic Zone (RAKEZ) – Ras Al Khaimah
UAE Free Zone Steps
- Choose a Free Zone based on business needs and preferences.
- Determine the business activity for the company.
- Select a unique company name and ensure compliance with naming guidelines.
- Submit the company formation application along with required documents and fees.
- Gather necessary documentation such as passport copies and proof of address.
- Lease office space or warehouse within the Free Zone.
- Await approval from the Free Zone authority.
- Sign incorporation documents and pay license and registration fees.
- Open a corporate bank account with an approved bank.
- Collect the Free Zone business license upon completion of all formalities.
UAE Free Zone Advantages
- 100% Foreign Ownership: Allows foreign investors to own 100% of their company without the need for a local partner.
- Tax Exemptions: Provides exemptions from corporate and personal income taxes for a specified period, typically up to 50 years.
- Customs Duty Benefits: Offers exemptions from import and export duties on goods and materials.
- Streamlined Setup Process: Facilitates quick and efficient company formation with simplified procedures and minimal paperwork.
- Modern Infrastructure: Provides access to modern infrastructure, state-of-the-art facilities, and advanced telecommunications networks.
- Business Support Services: Offers a range of support services including legal, administrative, and logistical assistance to help businesses operate smoothly.
- Strategic Location: Located in key economic hubs, providing easy access to regional and international markets.
- Flexibility: Allows flexibility in business operations, including the ability to engage in multiple activities under a single license.
- Repatriation of Profits: Permits full repatriation of capital and profits without restrictions, allowing investors to transfer funds abroad easily.
- Networking Opportunities: Provides opportunities for networking and collaboration with other companies and investors within the Free Zone ecosystem.
Cost of Free Zone company in UAE
The cost of setting up a Free Zone company in the UAE can vary depending on several factors, including the chosen Free Zone, the type of business activity, the size of the company, and additional services required. Here are some common costs associated with establishing a Free Zone company:
- License Fees: Initial license fees vary depending on the Free Zone and the type of license required for the business activity.
- Registration Fees: Registration fees are charged by the Free Zone authority for processing the company formation application.
- Visa Fees: If employees or shareholders require visas to reside in the UAE, visa processing fees and related expenses will apply.
- Office Space Rental: Costs associated with leasing office space or a flexi desk within the Free Zone.
- Security Deposit: Some Free Zones require a refundable security deposit as part of the company formation process.
- Additional Services: Costs for optional services such as company name reservation, legal consultation, document attestation, and company stamp.
Cheapest Free Zone in the UAE
Some Free Zones in the UAE are known for offering competitive pricing and cost-effective options for company setup. Here are a few Free Zones that are often considered to offer relatively lower costs for business setup:
- Ajman Free Zone: Ajman Free Zone is known for its competitive pricing and cost-effective business setup packages, making it an attractive option for small and medium-sized enterprises (SMEs) and startups.
- Umm Al Quwain Free Trade Zone (UAQ FTZ): UAQ FTZ offers affordable business setup solutions with flexible payment plans, making it an ideal choice for entrepreneurs looking for budget-friendly options.
- Fujairah Creative City: Fujairah Creative City provides cost-effective solutions for creative and media-related businesses, offering competitive pricing and streamlined setup procedures.
- RAK International Corporate Centre (RAK ICC): RAK ICC offers cost-effective offshore company formation options with competitive pricing and a range of benefits for international businesses.
Free Zone Licence in UAE
In the UAE, Free Zone licenses are legal authorizations granted by Free Zone authorities to businesses, allowing them to operate within specific Free Zone jurisdictions. These licenses enable businesses to conduct various commercial activities and avail themselves of the benefits and incentives offered by Free Zones. Here are the common types of Free Zone licenses available in the UAE:
Trading License
Allows businesses to import, export, distribute, and trade goods within the Free Zone and internationally. This license is suitable for trading companies engaged in buying, selling, and distribution activities.
Industrial License
Permits businesses to undertake manufacturing, processing, assembly, and production activities within the Free Zone. It is ideal for companies involved in manufacturing goods and industrial processes.
Service License
Enables businesses to provide services such as consulting, IT, media, education, healthcare, logistics, and other professional services within the Free Zone. This license is suitable for service-oriented businesses.
Freelance License
Designed for individual professionals and freelancers who wish to offer their services independently within the Free Zone. It allows freelancers to operate legally as consultants, contractors, or service providers.
General Trading License
Offers broader trading privileges, allowing businesses to trade in a wide range of goods without restrictions on specific product categories. This license is suitable for companies engaged in diverse trading activities.
Specific Activity License
Tailored to businesses with specialized activities or niche sectors, such as media production, event management, software development, and more. This license allows businesses to operate within their specific industry segment.
UAE Free Zone Companies List
- Dubai Airport Free Zone (DAFZA)
- Jebel Ali Free Zone (JAFZA)
- Dubai Multi Commodities Centre (DMCC)
- Dubai Silicon Oasis (DSO)
- Dubai Internet City (DIC)
- Dubai Media City (DMC)
- Dubai International Financial Centre (DIFC)
- Dubai Healthcare City (DHCC)
- Dubai South (formerly known as Dubai World Central)
- Sharjah Airport International Free Zone (SAIF Zone)
- Hamriyah Free Zone (HFZ) in Sharjah
- Ras Al Khaimah Economic Zone (RAKEZ)
- Fujairah Free Zone (FFZ)
- Ajman Free Zone (AFZ)
- Umm Al Quwain Free Trade Zone (UAQFTZ)
- Abu Dhabi Global Market (ADGM): An international financial center located in Abu Dhabi, offering a platform for businesses to operate in a tax-efficient and business-friendly environment.
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Ali Al-Hashmi
Investor, Dubai
“Working with Business Setup UAE was a fantastic experience. Their comprehensive knowledge of UAE’s business laws and regulations ensured that my company was set up quickly and efficiently. They offered personalized solutions tailored to my business needs and provided continuous support throughout the process. Their dedication and professionalism are truly commendable. I am grateful for their assistance and would recommend them to anyone looking to start a business in Dubai or anywhere in the UAE.”
Fatima Khalid
CEO, Abu Dhabi
“Business Setup UAE exceeded my expectations in every way. Their in-depth understanding of the local market and regulations made it easy for me to navigate the complexities of starting a business in Dubai. Their team handled all the paperwork, and their guidance was invaluable in helping me make the right decisions. Thanks to their support, my business was up and running smoothly in no time. I couldn’t have done it without them.”
Mohammed Bin Zayed
mall Business Owner, Sharjah
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alma Al-Mansoori
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That is why we’re here.
We make it simpler and easier for you. Before you do anything, talk to one of our Company Formation Specialists.
start nowQuestions asked by our customers
1. Choose a business activity and legal structure.
2. Reserve your company name and obtain initial approvals.
3. Prepare required documentation and finalise legal papers.
4. Lease office space and obtain necessary permits.
5. Register your business with the Department of Economic Development (DED).
6. Obtain a trade license and open a corporate bank account.
7. Hire employees and obtain visas.
8. Ensure compliance with local laws and regulations.
9. Begin operations and promote your business.
The Dubai mainland license allows businesses to operate within the city’s mainland area, subject to UAE federal laws and regulations. It enables companies to conduct business across the UAE without restrictions on geographic location or business activities.
A partnership is a legal arrangement where two or more individuals or entities collaborate to pursue a common business goal. In a partnership, each partner contributes resources, such as capital, skills, or labour, and shares in the profits and losses of the business. Partnerships can take various forms, including general partnerships, limited partnerships, and limited liability partnerships, each with different levels of liability and management responsibilities.
To open a bank account in Dubai, follow these steps:
1- Choose a bank: Research and select a bank that suits your needs and preferences.
2- Gather documents: Prepare required documentation, including passport, visa, Emirates ID, proof of address, and proof of income or source of funds.
3- Visit the bank: Visit the chosen bank branch in person and meet with a bank representative.
4- Fill out forms: Complete the necessary account opening forms and provide all required documentation.
5- Verification: The bank will verify your identity and documentation.
6- Deposit funds: Deposit the required minimum balance into your new account.
7- Activate account: Once the account is approved, it will be activated, and you will receive your account details and any associated cards.
8- Manage your account: Start using your new bank account for transactions, withdrawals, and other banking needs.
In the UAE, there are several types of business licenses available for company setup, each catering to different business activities and legal structures. Here are the main types:
1- Commercial license
2- Professional license
3- Industrial license
4- Tourism license
5- Freelance Permit
6- Offshore license
