Establish your Free Zone Business in the UAE
Free Zones are increasingly becoming popular on UAE. This is why investors are willing to establish their own firms there: there is a bright future behind the Free Zones!
What are the reasons to launch an enterprise within the UAE Free Zone?
The primary motive for entrepreneurs to found their business in UAE Free Zones is that there are no limitations on foreign ownership, unlike in other parts of the country. All the commercial activity is under the control by the Free Zone Authority, which is liable for regulating all commercial processes within the territory and handles distributing licenses for businesses.
This is a wonderful option to start enterprise in UAE, because businessmen may now easily enter the UAE market, without going through all the bureaucratic red tape. Here is the list of more benefits why entrepreneurs start firms in the UAE Free Zones:
- Their business belongs only to them and there is no necessity for UAE sponsorship;
- They decide what they do with their revenues;
- No levies;
- No regulations concerning currencies;
- Great choice of licenses for business;
- Great logistics possibilities;
- Comprehensive support of small and medium firms;
Lists of Free Zones in Dubai, UAE
Thinking of starting a firm within the Dubai Free Zone, but do not know which one to choose? Well, it varies regarding the form of your firm and the goal you want to achieve. The key difference between one Free Zone and another is the list of accredited activities they provide:
- Dubai Multi Commodities Centre (DMCC) – Produce Market and Marketplace Trading;
- Jebel Ali Free Zone (JAFZA) – Trade, Common Trade, Scope of Business, Supply Chain Management and Production;
- Dubai International Financial Centre (DIFC) – Bank Operations, Financing Facility and Law;
- Dubai World Central (DWC) – Air Transport, Supply Chain Management, Consumer Goods Manufacturing and Auxiliary Services;
- Dubai Knowledge Park (DKP) – HR, Quality and Professional Growth;
- Dubai Internet City (DIC) – ICT;
- Dubai Media City (DMC) – Media Activity;
- Dubai Silicon Oasis (DSO) – IT, Telecommunications, Hardware and Project Development;
- Dubai Healthcare City (DHCC) – Medicine, Health Education and Research, Dispensatory and Therapeutic Equipment.
What does an investor need to start a firm in the UAE Free Zone?
There are two alternatives for a legal person that can be created by a businessman within the UAE Free Zone. This is either a Free Zone Establishment or a Free Zone Company. The key difference is that the former has one investor, and the latter can have two and more.
An even simpler alternative is to simply create an affiliate of an active firm beyond the UAE Free Zone (not mandatory from the UAE, but also can be from abroad). Companies doing business within the UAE Free Zones need to comply with the applicable guidelines and procedures of the corresponding Free Zone. At that time, the general laws of the UAE on doing business do not relate to such enterprises.
Below you can find a list of documents required to start a business in the Free Zone:
- For non-UAE residents, a certified copy of the passport, as well as the stamp of the UAE visa, or entry into the UAE
- 2 copies of documents with the address (not earlier than a quarter of a year)
- CV (about professional activity)
- Info about Company (the blank for filling in is provided)
- Letter of Procuration (for non-residents)
If your business type requires it, you may also need to provide a detailed business plan. We also help in this to facilitate this difficult procedure.
Need to register your business in UAE or have any questions?
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