Business Setup in UAE Free Zone

Benefits of Dubai Free Zone Company Formation

The laws and regulations of the free zone in which a company is formed define a free zone company. Some of the benefits of a UAE free zone company formation are as follows:

Major Free Zones in Dubai

Which free zone is optimal for you will be determined by the type of business activity you intend to embark on? The key business set up UAE free zones in which we can help you launch a business are listed below.

• JAFZA

  Jebel Ali Free Zone (JAFZA) has become one of Dubai’s newest and most coveted free zones, with international facilities in general commerce and logistics.

• DMCC

  The Dubai Multi Commodities Centre (DMCC) is the proper business centre for Dubai and the United Arab Emirates.

• DAFZA

  The Dubai Airport Free Zone (DAFZA), one of the city’s most renowned and fastest-growing free zones, is home to a multitude of enterprises from a range of sectors.

• DIFC

  The Dubai International Finance Centre (DIFC) is a free zone in Dubai that allows corporations to hold 100% of their assets. It was established to help Dubai achieve its strategic goal of strengthening its financial assets and attracting cash and investment to the area.

• IFZA

  International Free zone Authority (IFZA) Dubai provides Free Zone Permits depending on a number of customizable company setup options and provides affordable packages, prompt service, and an up-to-date understanding of standards and procedures to guarantee that its clientele’ businesses are built on solid ground.

• Meydan

  Meydan Free Zone in Dubai offers low-cost company setup options. The Meydan free zone attracts a large number of businesses from all around the world.

• SAIF

  Sharjah Airport International Free Zone (SAIF) provides a diverse variety of options for businesses looking to establish a presence in Dubai. They offer some of the most appealing business incentives in the region, such as quick service and ease of use.

• Dubai South (Dubai World Centre)

  The Dubai South free zone, originally known as Dubai World Central, connects the Middle East, Africa, and South Asia.

• Silicon Oasis in Dubai

  The Dubai Silicon Oasis Authority is a government-owned free zone that encourages and supports innovative tech giants.

What are the steps to opening a free zone business UAE ?

The free zones in the UAE are an integral feature of the country’s developing economy, offering attractive options for business setup in UAE. There are several free zones in UAE alone that contribute considerably to the country’s economic growth. In a free zone, two types of businesses can be formed:

• Free Zone Establishment (FZE)

  FZE is a single-shareholder limited liability company.

• Free Zone Limited Liability Company (FZ LLC)

  A limited liability corporation (LLC) with a maximum of fifty shareholders is known as an FZLLC.

Key steps to setup a Business in UAE Free Zone

In a free zone, it is much easier to start a business. The free zone’s officials just require the absolute minimum of paperwork and time. The processes to founding a business in a free zone are outlined below.

• Determine the commercial activity of the legal entity.
• Should choose a name for the activity’s business.
• Fill out a business license application.
• The memorandum and articles of association are being prepared.
• Choose a location for your office.
• Fill out the application form and bring your business plan to the meeting.
• Obtain pre-approval from the authorities, then register your business and apply for a license.

Documents Required for Setup a Company Formation in UAE

For Individual Shareholders

1. Passport copies of shareholders
2. Copies of the Manager’s, Director’s, and Secretary’s passports
3. Utility bills of shareholder, Manager, Director & Secretary
4. Resume/CV of shareholder & Manager
5. Bank Reference Letter (for selected jurisdictions only)

For Corporate Shareholders

1. License copy
2. Incorporation/Registration Certificate
3. Memorandum & Articles of Association
4. Board resolution calling for the incorporation of the proposed entity
5. Incumbency certificate
6. Good Standing Certificate

All the above documents from 1 to 4 need to be attested by the UAE embassy overseas.

Note: Additional documents will be required depending on various jurisdictions.

Type of Company Setup in Dubai

Major Freezone in UAE

JAFZA – Jebel Ali Industrial Zone

Jafza is one of the most service-driven and customer-oriented free zones that offer a vibrant, dynamic working

 

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DMCC – Dubai Multi Commodities Centre

Dubai Multi Commodities Centre, situated in the heart of new Dubai, is the largest and fastest-growing free zone in the UAE.

 

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DAFZA – Dubai Airport Free Zone

Dubai Airport Free Zone(DAFZA) is one of the fastest-growing free zones in UAE, contributing 4.7 percent of Dubai’s GDP.

 

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ADAFZ – Abu Dhabi Airport Free Zone

Abu Dhabi Airports Company (ADAC), the owner and operator of Abu Dhabi International Airport is set to establish a logistics

 

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All Freezones

Frequently Asked Questions – Free Zone Business Setup