Business setup in UAE Free zone

Opening a company in Dubai and the UAE can be a difficult task. Over the past few years, many of the UAE Free zones have opened up for consultants and small businesses. One needs to get a license and operate in UAE free zones.

Free Zones in Dubai are international business hubs for companies conducting businesses inside as well as outside the UAE. Creating a business entity in the UAE Free Zones is an attractive option for international investors. The UAE Free zone areas are geographically differentiated in sections. The companies operating within the UAE Free Zones are considered as foreign companies.

Each UAE Free zone is a separate entity with its own Free Zone Authority that handles registration and issues license. Although UAE Free zones varies across the Emirates, the basic principles remain the same.

UAE Free zones offer investors and business start-ups significant incentives for setting up their office in the UAE. Free Zones are also known as free trade zones that are designed to boost worldwide business by providing 100% ownership to expatriates, and single-window administration convenience.

Here are some of the most noteworthy list of benefits offered in UAE Free zones.

DMCC

The Dubai Multi Commodities Center is one of the premier free zones running in the UAE.
Benefits for companies forming in DMCC Free zones are:

• Inter connectivity – DMCC is known to be the most interconnected, as it offers great access to the world’s most important markets.
• Ease of Business- DMCC hosts over business sectors and hence expanding your business is possible here.
• Goodwill- Setting up a business in DMCC offers you exposure to leading brands like Pepsi Co, etc. On good terms with such brands gives your business a competitive edge.

 

JAFZA

JAFZA is one of the most popular Free zones of Emirates. The JAFZA stands for Jebel Ali Free Zone.
Benefits of forming companies in JAFZA Free zones are:

• Complete foreign ownership is possible.
• Income and Corporate Tax payments for up to 50 years- There is an exemption from income and corporate tax payment for up to 50 years.
• Handle authorized visas- The zone authorities handle visas so you would not have to worry about it.

DIC

DIC is known as the Middle East’s largest free zone for ICT companies.

Benefits of forming companies in DIC Free zones are:

• 100% foreign ownership
• Totally secure environment with round the clock security
• Cost effective digital voice and high-speed data services.

Dubai South

Dubai South is created by the Esteemed Government of Dubai. It was made to support the vision towards a world where business is carried out with minimum restrictions. Dubai South Free Zone offers the edge of excellence to both big and small businesses.

Benefits of forming companies in Dubai South Free zones are:

• The wide availability of business ventures which allows your brand to grow.
• 100% repatriation of profits and of the capital.
• 100% tax-free transfer of funds.

Dubai Silicon Oasis:

Dubai Silicon Oasis is entrenched by the government of Dubai. It was created to promote modern technology-based industries to bring more profitable returns to the business owner.

Benefits of setting up business in Dubai Silicon Free zones are:

• 100% repatriation of the capital you invest.
• Get complete ownership of the company you set up, even if you are foreign to the

Dubai Airport Free zone Authority (DAFZA)

Dubai Airport Free zone Authority is known to be one of the most prestigious free zones of Dubai. It provides the ideal base to run a business.

Benefits of setting up business in DAFZA Free zone are:

• The immeasurable in class facilities for your business.
• World Class infrastructure is something you get ample access to at DAFZA.
• 100% company ownership

 

Free zone in other emirates of UAE

 

Shams

The SHAMS is one of the latest entrants in the highly lucrative market of Free zone. It is a hub of for international media companies who open company in Dubai Free zone.

Benefits of forming companies in SHAMS Free zone are:

• 100% foreign ownership is allowed at Shams.
• Get Zero personal or corporate tax
• Get cutting edge infrastructures like telecom, data, broadband, and IT setup.

Ajman Media City Free Zone

Ajman Media City Free Zone in the UAE is one of the newest hubs to promote media and telecom companies.

Benefits of forming companies in Ajman Media City Free Zone are:

• 100% foreign ownership is allowed at Ajman Media City free zone.
• Streamlined licensing and quick business startup process.
• Simple online registration and approvals and documentation completed within days.

Sharjah Airport International Free zone

Sharjah Airport International Free zone location makes it one of the most sought-after free zones for businesses with an international presence.

Benefits of forming companies in Sharjah Airport International Free zone are:

• Amazing connectivity via sea, land and air transport
• It allows you to recruit 100% foreign workforce.
• A business license issued within a matter of 1-2 days.

Hamriyah Free zone

Hamriyah Free zone is committed to bringing a blend of world-class excellence in facilities along with the total comfort of gaining approvals for the opening company in Dubai.

Benefits of forming companies in Hamriyah Free zone are:

• 100% repatriation of capital and profits possible.
• Get access to UAE and GCC based business too.

Fujairah Creative City

Fujairah Creative City is one of the most strategically located free zones in the UAE. With its location near the Port of Fujairah, it is a major financial and trade hub across the UAE Free zones.

Benefits of forming companies in Fujairah free zone are:

• No preliminary immigration approval needed.
• Reduced infrastructure investment cost.

Ajman Free Zone

Ajman Free Zone in the UAE is a host to several companies looking to establish a successful presence and grow their business globally.

Benefits of forming companies in Ajman free zone are:

• All services like postal, immigration, visa done in quick time.
• Easy availability of cost-effective labor.

UAQ Free Zone

The strategic location of Umm Al Quwain (UAQ) free trade zone makes it easily accessible to Dubai. The industry is focused, and investment-friendly outlook provided by the emirate.

Benefits of forming companies in UAQ free zone are:

• Zero restrictions on hiring foreign employees.
• The simple and streamlined registration process to enhance convenience.

RAKEZ Free Zone

RAKEZ free zone is the government initiative to pump investment into the Ras Al Khaimah emirate.

Benefits of forming companies in RAKEZ Free zone are:

• Streamlined licensing and quick business startup process.
• 100% foreign ownership and 100% repatriation of capital and profits for business owners.

If you are planning to open a company in Dubai Free zones, it would be a great idea to do a lot of introductory research. An authorized company registration agency would be able to mellow your path through the registration and start-up process. Also, this can prove to be a hassle for start-ups.

Tags: Company formation in Fujairah Free Zone,UAE | Business Setup In Dubai Airport Freezone Authority (DAFZA) | Freezone in Dubai, UAE