Why Dubai Freezones ?

The combined push of the royal family behind the prestigious Dubai 2020 vision and the emirate’s emergence as a non-oil dependent economy has made Dubai a lucrative investment destination for many entrepreneurs across different sizes of operations and different industry verticals. Companies worldwide are taking cognizance of the immense potential held by UAE in general and Dubai in particular for taking a business to the next level of growth. For this very reason, many companies are preferring to set up operations here in Dubai.

If you want to set up a company in Dubai, you can either have a company formed in any part of Dubai or establish operations in any of the free zones in Dubai. A free zone offers multiple advantages for international companies, like 100% ownership without diluting stock to a UAE national (either individual or company). Some other advantages include 100% repatriation of capital and profits, and zero corporate tax and income tax. These reasons prompt many entrepreneurs and established companies like to look for a suitable free zone and commence with business there.

What is free zones?

A Free Zone is a designated area that invites investment and company formation, in order to avail of benefits like tax waivers and specific facilities to drive a smooth conduct of business. These free zones invite international businesses to invest here in the UAE and still maintain total ownership of the company. There are other business incentives rolled out by the free zones to streamline operations and help companies thrive. In the UAE, the free zones cater to a specific industry or are attached to a port.

How do free zones operate?

International companies that set up operations here in the free zones are classified as offshore companies. They are suited for companies that have a majority of their business outside UAE and want to establish a presence here.

Protocols to be followed

For company formation in the UAE, there are a few documents needed.

• Trade license that suits their specific business profile.
• Physical office space with its name and address on the rental contracts.
• Every business must have a manager or local representative.
• Every business must have at least one shareholder.
• The business cannot trade outside the free zone without the assistance of a UAE distributor.

While the registration and set up process varies significantly, these are some of the essential documents needed to begin with your approval process for operating the business in a free zone.

Connect with an expert , today itself

There are more than 30 free trade zones in Dubai alone. Other emirates further have their own free zones. You need to be absolutely sure that the free zone you are targeting is actually a smart business move. Bring on-board a reliable company formation expert in Dubai like EBS and leave all paperwork, visas, approvals, registration and FTZ selection hassles to us.

Contact Us