The UAE Freezone company registration and renewal requires a free zone license and getting the Freezone license in Dubai and UAE depends upon the type of business activity by the company. There are many free zones in Dubai and the number is increasing rapidly, which means there will be more opportunities for business setups in Dubai freezone, in the times to come.
In UAE, the Free Zone Authority (FZA) is in charge of the activities related to UAE Freezone Company Registration & Renewal. The freezone companies are not regulated by the commercial laws, which are meant for the mainland companies in UAE. Once the company gets approval for Freezone business, it gets eligible to get all the licenses like Industrial License, Service License, or National Industrial License by the Free Zone Authority. These freezone licenses in Dubai/UAE are renewable on annual basis till the lease agreement.
The benefits of Free Zone business setup in UAE include, 100% ownership to foreign investors. Not only this, they also get all the tax exemptions. There remain no restrictions pertaining to foreign exchange. The company also gets repatriation benefits.
As an investor or entrepreneur, you can form your company on the basis of 3 different business entities under Dubai Free zone jurisdiction – Free Zone Company (FZC), Free Zone Establishment (FZE) and Branch Office.
A Free Zone company is formed in following steps:
There are many benefits of establishing a Freezone company in UAE.
The major Free zone entities in Dubai are – Dubai South Free zone, Jebel Ali Free Zone (JAFZA), Dubai Silicon Oasis (DSO) and Dubai Healthcare City.
In Dubai Freezone, the business licenses that are issues are – Professional License, Industrial license and Warehousing license. The business transactions are carried within the Free zone limitations as there are restrictions you will face while transacting in Dubai mainland.
The Milestone UAE can guide you on business setup in Freezone UAE. Contact us for support.
It will depend upon the type of license. In general, you may be charged between AED 10K to 50K for the Free zone license in Dubai.
In UAE, the available Free Zone options are – Dubai World Trade Centre (DWTC), Dubai World Central (DWC), Dubai Creative Clusters Authority (DCCA), Dubai Multi Commodities Centre (DMCC), Dubai International Financial Centre (DIFC), Dubai Airport Free Zone Authority (DAFZA) and Dubai Silicon Oasis (DSO).
The Visa charges are applied on the basis of the size of the firm in Dubai.