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Dubai Free Zone Company Formation

Dubai consists of many free zones when it comes to offering business setup and company formation opportunities in the UAE. Dubai’s first free zone, Jebel Ali Free Zone launched in 1985. Now it has become a global business hub with almost 20+ Freezones.

Business Setup in Dubai Free Zone

If you are planning your business setup in Dubai Free Zones, then it is the best choice for you! Dubai’s economy is growing so fast and getting recognition at the international level. Additionally, Dubai Free Zones offers advantages like no other. 

Emirates Business Setup consultants in Dubai work with the most efficient freezones in Dubai. A few of them include International Free Zone Authority (IFZA), Jebel Ali Free Zone Authority (JAFZA), DUQE, Dubai Multi Commodities Centre (DMCC), Meydan Free Zone (MFZ), and Dubai Airport Free Zone Authority (DAFZA).

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Benefits of Dubai Free Zone

Dubai freezones offer endless benefits to entrepreneurs and business owners to operate their businesses here in the UAE: 

100% foreign ownership

No Capital Deposits Required

100% Tax-free Income

Residence Visa Quotas

No Currency Restrictions

Bank Account Opening

Warehouse Facilities

Efficient Logistics

Affordable Office Spaces

World-class Infrastructure

Independent Regulatory Authorities

Global Connectivity

Types of Dubai Free Zone License

Setting up a business in a Dubai can be a great way to take advantage of its strategic location. The process of obtaining a Dubai Free Zone license involves several steps, including choosing the right Free Zone for your business activities, submitting the necessary documents, and paying the relevant fees for your application. Each Free Zone has its own set of rules and regulations, so it’s necessary to research the requirements needed for the specific Free Zone you are interested in. Additionally, it’s advisable to seek the assistance of a business setup consultant at Emirates Business Setup who can guide you through the whole business trade license process.  

The license offered by Dubai Free Zone is: 

dubai freezone license

Trade License Renewal with EBS

When you start your free zone company here in Dubai, you’ll get the validity of your business license for one year. In most cases, the validity lasts up to three to five years, but it depends on the free zone and the business activities that you will conduct. For that purpose, you have to renew your license every year or if it’s valid for like three years, then you have to renew after three years. However, the prices, conditions, and requirements are different depending on the chosen Dubai free zone. Emirates Business Setup is here to offer timely trade license renewal, our team makes sure to save you time and fines.  

Steps of Dubai Freezone Company Formation

Following are the six steps to follow while starting your freezone company formation in any Dubai freezone.

Choose Your Business Activity

The first step is to choose a suitable business activity and submit the application accordingly.

Approvals from Authorities

After submitting an application and proper documentation, you need to get approval from the relevant authorities.

Obtaining a Business License

In the next step, you will get issuance approval for your business trade license in two to four weeks.

Apply for a Residence Visa

Now you can apply for a residence visa. It depends on the allowed number of residency visas in the specific freezone.

Opening a Bank Account

Then the last step is to apply for a bank account.

Limitations of Dubai Freezone

The most noticeable limitation that Dubai Freezones may cater to are: 

Limited Scope of Activities

Freezone licenses are specific to the type of business activity permitted within the freezone. However, these licenses may restrict the range of business activities a company can undertake. If a business wants to expand and engage in activities beyond the scope of its freezone license, obtaining additional approvals or licenses may be necessary.

Higher Operational and Renewal Costs

If we compare Dubai's freezone with the other freezone authorities, then its renewal cost is higher than the other freezones of other Emirates. For that reason, to save renewal costs entrepreneurs with small startups choose other Emirates rather than Dubai Freezones to obtain free zone licenses in the UAE.

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Not sure where to begin on your business journey? Our experienced business consultants are here for you.