Opening a Freezone in Dubai/UAE
Freezone company in Dubai is a hassle-free way of doing business. It offers tax benefits, 100% foreign ownership & a lot more. Investors can set up a Freezone company with ease, manufacture and import/export goods without custom duties.
Why choose Freezone company in Dubai?
- No need for a local partner
- Tax-free zones
- Unlimited funds transfer and foreign currency exchanges
- No duties on import/export
- Great infrastructure for office spaces—multiple rental and for sale options
- Convenient & affordable visa process for skilled workers
- All the other benefits of doing business in Dubai
How to start Freezone Company in Dubai?
1. Chose the type of company
It is possible to set up two types of companies in the Freezones:
- Free Zone Limited Liability Company (FZ LLC) or Free Zone Company (FZ Co.)
- Free Zone Establishment (FZE)
The key difference is in the number of shareholders and type of shareholders.
Note: Requirements of each Freezone can differ, please check more details & to choose the Freezone that works well for you.
2. Choose & register the trade name
The next step is to choose a trade name that meets the requirements of the respective Freezone, in addition to being unique. Some of the restrictions on naming the company:
- in accordance with the public morals or the public order of the country
- must be followed by the legal form of the company, for example (LLC, FZE, DMCC etc.)
- Is unique (not registered before)
- Should not have UAE or name of any of the Emirates in the trade name
- should not contain names of any religion, or governing authority, nor names or logos of any external bodies.
Once you have internally decided the name and it meets the requirements of the Freezone & governmental bodies, you can start the registration process with the concerned authorities.
Search for trade names in Dubai
3. Get your business license
You can apply for the required business license for your business type from the respective Freezone authority. The license would depend on the nature of business activities. For example, DIFC allows you to do business in these areas.
4. Choose your office space
You have the option of buying or renting an office space. The area requirements depend on the number of people you need to hire. Each Freezone offers a different variety of office options ranging from Flexi desks to entire buildings.
5. Get your approvals & licenses
The last step is to get the required approvals. Again the precise requirements vary for each Freezone. Once you have all the required approvals, you can start your business operations.
List of documents needed to open a Freezone Company in the UAE
(this is a general list, specific documents needed will vary according to the nature of the business, business history (if any), and the Freezone.
- Application license form
- Share capital information
- Business card
- Business plan outlay
- MOA(Memorandum of Association) and AOA(Articles of Association)
- Passport copies
- Banking reference and license of the partners existing business
The entire process takes up to 4-5 weeks & is extremely investor-friendly. We suggest hiring a consultant to make sure all the details are taken care of & avoid any unnecessary delays.
