Freezone Company Formation in Dubai and UAE

Free zones are designated areas within the UAE that offer incentives such as 100% foreign ownership, zero corporate and personal tax, 100% repatriation of profits, and no currency restrictions. These special economic zones are designed to attract foreign investment and promote economic growth in the region.

Benefits of Setting Up in UAE Free Zone Company Setup

Setting up a company in UAE free zone comes with a wide range of benefits, making it an attractive option for entrepreneurs and businesses looking to establish a presence in the region. Some of the key benefits include:

1. 100% Foreign Ownership: One of the key advantages of setting up a Freezone Company in UAE is that it allows for 100% foreign ownership. This means that entrepreneurs and businesses from around the world can establish a presence in the UAE without the need for a local sponsor.
2. Easy Company Setup: The process of setting up a Freezone Company Formation in UAE is relatively streamlined and straightforward compared to other business structures. Free zones offer a one-stop-shop for company registration, visa processing, and other administrative tasks, making it easier for businesses to get up and running quickly.
3. Access to Global Markets: By establishing a Freezone Company in UAE, businesses can benefit from the country’s strategic location as a gateway to global markets. The UAE’s world-class infrastructure and logistics network make it easy for companies to access markets in the Middle East, Africa, Asia, and beyond.
4. Business-friendly Environment: The UAE is known for its business-friendly environment, with minimal bureaucracy, efficient government services, and a strong legal framework that protects the rights of businesses and investors. This makes it an attractive destination for companies looking to grow and expand their operations.
5. Networking Opportunities: Freezones in UAE are hubs of innovation and entrepreneurship, offering businesses the opportunity to network with like-minded professionals, industry experts, and potential partners. This can lead to valuable collaborations, business opportunities, and growth prospects for companies operating within Freezones.
6. Flexibility and Independence: Setting up a Freezone Company in UAE gives businesses the flexibility to operate independently and make decisions that are in the best interest of their company. This level of autonomy can be empowering for entrepreneurs and business owners seeking to chart their course and achieve their goals.

Steps to Register a UAE Free Zone Company

Now that you understand the benefits of setting up a company in a UAE free zone, let’s walk through the steps involved in the registration process:

1. Choose a Free Zone: The first step is to research and select the free zone that best suits your business needs and industry requirements.
2. Select a Company Name: Choose a unique and suitable name for your company that complies with the free zone regulations.
3. Submit Application: Prepare and submit the application form along with all the necessary documents required by the free zone authority.
4. Approval and Licensing: Once your application is reviewed and approved, you will receive your license to operate within the free zone.
5. Open a Bank Account: After obtaining your license, you will need to open a corporate bank account for your company.
6. Visa Processing: If required, you can apply for visas for yourself and your employees to reside and work in the UAE.

Calculate Your Business Setup Cost Now

- Step 1 of 11

Q1 - Choose Your Business Category.

Pick the category that describes your business. *Please SelectAccountingAdvertisingAgriculturalFinanceLogisticsInvestmentReal EstateBrokerageConsultancy - ITConsultancy - MarketingConsultancy - HRConsultancy - MaritimeConsultancy - ManagementConsultancy - AviationConsultancy - FinanceConsultancy - LogisticsConsultancy - MediaDesignLifestyle CoachingProduction - Art/Video/Photography/Graphic DesignEvents/Exhibition OrganizersGeneral TradingTrading - GarmentsTrading - FurnitureTrading - Building MaterialsTrading - FoodstuffTrading - AutomobileTrading - ElectronicsSportsCustomer Care CenterOther

Other (please specify) *

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Q2 - NUMBER OF ACTIVITIES

- Name months.

3 activities are included. Additional activities can be added at AED 1000 per activity. *Please Select12345 or More

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Q3 - HOW MANY SHAREHOLDERS WILL YOUR COMPANY HAVE?

The number of shareholders will help identify the most suitable setup for your business. *Please Select12345 or More

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Q4 - HOW MANY VISAS WILL YOU NEED?

The number of visas you will need should account for your own visa (if required) and visas for the number of employees you plan to hire over the next year. *Please Select0123456

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Q5 - DO YOU HAVE A BUSINESS PLAN?

DO YOU HAVE A BUSINESS PLAN? *

• Yes
• No

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Q6 - ARE YOU CURRENTLY LIVING IN THE UAE?

Q6 - ARE YOU CURRENTLY LIVING IN THE UAE? *

• Yes
• No

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Q7 - ANNUAL TURNOVER

Your current or forecasted annual turnover for your business in the next 12 months. *

• AED 20,000 - 100,000
• AED 100,000 - 250,000
• AED 250,000 - 500,000
• AED 500,000 - 1,000,000
• AED 1,000,000 - 5,000,000
• AED 5,000,000 +

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Q8 - WHEN DO YOU PLAN TO START YOUR BUSINESS?

Q8 - WHEN DO YOU PLAN TO START YOUR BUSINESS? *Please SelectImmediatelyNext MonthUndecided

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Q9 - WHICH COUNTRY YOU WANT TO START YOUR BUSINESS?

Q9 - WHICH COUNTRY YOU WANT TO START YOUR BUSINESS? *Please SelectUAEBahrainSaudi ArabiaQatarOman

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Q9 - CONTACT DETAILS

First Name *

Last Name *

Email Address *

Phone *

Nationality *AfghanAlbanianAlgerianAmericanAndorranAngolanAnguillanArgentineArmenianAustralianAustrianAzerbaijaniBahamianBahrainiBangladeshiBarbadianBelarusianBelgianBelizeanBenineseBermudianBhutaneseBolivianBotswananBrazilianBritishBritish Virgin IslanderBruneianBulgarianBurkinanBurmeseBurundianCambodianCameroonianCanadianCape VerdeanCayman IslanderCentral AfricanChadianChileanChineseCitizen of Antigua and BarbudaCitizen of Bosnia and HerzegovinaCitizen of Guinea-BissauCitizen of KiribatiCitizen of SeychellesCitizen of the Dominican RepublicCitizen of VanuatuColombianComoranCongolese (Congo)Congolese (DRC)Cook IslanderCosta RicanCroatianCubanCymraesCymroCypriotCzechDanishDjiboutianDominicanDutchEast TimoreseEcuadoreanEgyptianEmiratiEnglishEquatorial GuineanEritreanEstonianEthiopianFaroeseFijianFilipinoFinnishFrenchGaboneseGambianGeorgianGermanGhanaianGibraltarianGreekGreenlandicGrenadianGuamanianGuatemalanGuineanGuyaneseHaitianHonduranHong KongerHungarianIcelandicIndianIndonesianIranianIraqiIrishIsraeliItalianIvorianJamaicanJapaneseJordanianKazakhKenyanKittitianKosovanKuwaitiKyrgyzLaoLatvianLebaneseLiberianLibyanLiechtenstein citizenLithuanianLuxembourgerMacaneseMacedonianMalagasyMalawianMalaysianMaldivianMalianMalteseMarshalleseMartiniquaisMauritanianMauritianMexicanMicronesianMoldovanMonegasqueMongolianMontenegrinMontserratianMoroccanMosothoMozambicanNamibianNauruanNepaleseNew ZealanderNicaraguanNigerianNiueanNorth KoreanNorthern IrishNorwegianOmaniPakistaniPalauanPalestinianPanamanianPapua New GuineanParaguayanPeruvianPitcairn IslanderPolishPortuguesePrydeinigPuerto RicanQatariRomanianRussianRwandanSalvadoreanSammarineseSamoanSao TomeanSaudi ArabianScottishSenegaleseSerbianSierra LeoneanSingaporeanSlovakSlovenianSolomon IslanderSomaliSouth AfricanSouth KoreanSouth SudaneseSpanishSri LankanSt HelenianSt LucianStatelessSudaneseSurinameseSwaziSwedishSwissSyrianTaiwaneseTajikTanzanianThaiTogoleseTonganTrinidadianTristanianTunisianTurkishTurkmenTurks and Caicos IslanderTuvaluanUgandanUkrainianUruguayanUnited Arab EmiratesUzbekVatican citizenVenezuelanVietnameseVincentianWallisianWelshYemeniZambianZimbabwean

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Types of Free Zones in UAE

Freezone Authorities: Freezone Authorities are government entities responsible for regulating and overseeing the operations of free zones in UAE. Each free zone has its authority that governs the activities within its jurisdiction, ensuring compliance with local laws and regulations.

1. Investment Freezones: Investment free zones in UAE are designed to attract foreign direct investment by offering incentives such as 100% foreign ownership, tax exemptions, and streamlined processes for setting up businesses. These free zones cater to specific industries, such as technology, healthcare, and logistics.
2. Logistics Freezones: Logistics free zones focus on warehousing, distribution, and transportation services, providing companies with state-of-the-art facilities and infrastructure to streamline their supply chain operations. These free zones are strategically located near major ports and airports for easy access to global markets.
3. Media Freezones: Media free zones in the UAE cater to companies operating in the media, entertainment, and creative industries. These free zones offer specialized services and infrastructure for film production, advertising, publishing, and digital content creation.
4. Technology Freezones: Technology free zones are dedicated to companies involved in the research, development, and innovation of cutting-edge technologies. These free zones provide a supportive ecosystem for tech startups, IT companies, and digital entrepreneurs to thrive and collaborate.
5. Healthcare Freezones: Healthcare free zones in UAE focus on medical and wellness services, offering world-class facilities and expertise for healthcare providers, pharmaceutical companies, and medical equipment suppliers. These free zones enable companies to deliver high-quality healthcare solutions to local and international patients.

Requirements for Freezone Company Formation in UAE

1. Business Plan: A comprehensive business plan outlining the company’s objectives, target market, and financial projections is typically required for free zone company formation in UAE.
2. Office Space: Most free zones in the UAE mandate that companies have physical office space within the free zone premises. This requirement varies depending on the size and type of business.
3. Share Capital: While some free zones do not require a minimum share capital, others may have specific capital requirements. It is essential to determine the share capital needed for the chosen free zone.
4. Legal Documents: Entrepreneurs must submit various legal documents such as passport copies, proof of address, and bank statements to complete Free Zone company formation process.
5. Visa Requirements: To operate a free zone company in UAE, entrepreneurs and employees may need to obtain residency visas. The specific visa requirements vary by free zone.

Benefits of a Freezone License in UAE

• 100% foreign ownership
• Tax exemptions
• Repatriation of profits
• Easy company setup process
• Access to state-of-the-art infrastructure

Cost of Freezone Company Formation in Dubai, UAE

The initial setup costs for a free zone company in UAE typically include:

• License Fees: The first expense you will encounter is the license fee, which can range from a few thousand to tens of thousands of dirhams, depending on the free zone and type of license required.
• Office Space Rental: Most free zones in UAE require companies to lease office space as part of the setup process. The cost of office space rental can vary significantly depending on the location and size of the office.
• Registration Fees: There are also registration fees that need to be paid to the relevant authorities when setting up a free zone company.
• Visa Costs: If you plan to sponsor visas for yourself or your employees, you will need to budget for visa processing fees and medical tests.

Required Documents for Registration Freezone Company in Dubai, UAE

When setting up a free zone company in UAE, you need to gather several essential documents to complete the registration process smoothly. Some of the key documents you will need to submit include:

1. Business Plan: A comprehensive business plan outlining your company’s objectives, target market, financial projections, and growth strategy is typically required for free zone company registration in UAE. This document is essential to demonstrate the feasibility and potential success of your business venture.
2. Passport Copies: You will need to provide passport copies of all shareholders, directors, and the appointed manager of the company. Make sure that the passport copies are clear and valid to avoid any delays in the registration process.
3. Proof of Address: A proof of address, such as a utility bill or bank statement, will be required for each shareholder and director of the company. This document is necessary to verify the residential address of the individuals involved in the company.
4. Memorandum of Association (MOA) and Articles of Association (AOA): The MOA and AOA outline the company’s structure, activities, and management. These documents are crucial for the registration process and must comply with the regulations of the free zone where you are setting up your company.
5. Share Capital Certificate: You will need to provide a share capital certificate from a UAE bank to confirm that the share capital requirements have been met. The share capital certificate is an essential document for company registration in UAE.
6. No Objection Certificate (NOC): If the shareholders or directors of the company are employed by another company in the UAE, a No Objection Certificate from their employer is required. This document ensures that there are no conflicts of interest and that the individuals are allowed to participate in the new company.
7. Trade Name Reservation Certificate: Before registering your company, you will need to reserve a unique trade name for your business. The trade name reservation certificate is a vital document that proves the availability and legality of the chosen trade name.
8. Bank Reference Letter: A bank reference letter from the shareholders’ or directors’ bank is typically required to confirm their financial standing and credibility. This document is essential for establishing the financial stability of the individuals involved in the company.
9. Lease Agreement: You will need to provide a copy of the lease agreement for the office space or warehouse where your company will operate. The lease agreement is necessary to verify the physical address of your company’s premises within the free zone.

How to Get Started with Freezone Company Formation in UAE with us

1. Consultation: The first step is to schedule a consultation with our experts. During this meeting, we will discuss your business goals, the type of company you wish to establish, and the most suitable free zone for your business activities.
2. Documentation: Once you have decided on the free zone and type of company structure, we will assist you in preparing all the necessary documentation required for company formation in Dubai, UAE.
3. License Application: After the documentation is in order, we will help you submit the license application to the relevant free zone authority and ensure a smooth and timely processing of your application.
4. Visa Processing: If you and your employees require visas to work in the UAE, we will facilitate visa processing and issuance to ensure that you can legally operate your business in the country.
5. Bank Account Opening: We will also assist you in opening a corporate bank account in UAE, which is a mandatory requirement for company formation.
6. Office Setup: Finally, we will help you set up your office space in the chosen free zone, ensuring that it complies with all the regulations and requirements of the free zone authority.

In Conclusion, Setting up a free zone company in UAE can be a lucrative and rewarding experience for entrepreneurs and businesses looking to establish a presence in the region. With our expert assistance and guidance, you can navigate the complexities of company formation in Dubai, UAE with ease. Get started with us today and take the first step towards realizing your business goals in the UAE!

Connect with Neeja Corporate Services

Are you looking to start your company in Dubai but feeling overcome by the registration process? Don’t worry, you’re not alone. Setting up a business in a foreign country can be challenging, but with the right guidance and support, it doesn’t have to be a stressful experience. Neeja’s business setup services offer complete support and serve as a one-stop shop for company setup in Dubai. We provide a wide range of value-added services, such as UAE Freezone Company Formation and VAT registration. Over the years, we have successfully advised many new entrepreneurs to make their business dreams a reality.

To book a free consultation, call on +971 43243031. You can also send a WhatsApp message at +971 50 465 2843. To connect over email, send us your query at incorp@neejacs.com.

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