Business setup in Dubai free zone

Step into a universe of opportunities, where the UAE offers a range of options for establishing your business in over 40 free zones across the country. Choose your way to success with Freezone company formation and make the world wonder!

An Overview of Freezone Company Formation

Welcome to the most trustable ThinkBiz Business Setup, your ultimate destination for company formation across 100+ freezones. We validate your enthusiasm and excitement to be part of the dynamic UAE freezone market, where you can establish your brand identity and dedicated vision to face challenges. Our talented and expert team is here to assist you every step of the way in this new phase of your journey, ensuring you find the best way to make a mark in your success stories. We’ve got the perfect location that aligns with your share capital requirements and flexible desk options, helping your business grow by making the whole process seamless and hassle-free. Begin your success story with ThinkBiz, where we turn your vision into reality and guide you effortlessly through the freezone journey, letting you focus on growth while we handle the rest.

Benefits of Freezone Company Formation

100% Foreign Ownership

Unlike mainland companies, foreign investors can fully own their businesses without needing a local partner or sponsor.

Tax Exemptions

Most freezones offer 100% corporate tax and personal income tax exemptions, making them highly cost-effective for businesses.

Customs Duty Benefits

Freezone companies enjoy exemptions from import and export duties, reducing costs significantly, especially for businesses involved in trade.

Repatriation of Profits

Companies in free zones can repatriate 100% of their profits and capital, allowing for complete financial control.

Streamlined Setup Process

Free zones offer simplified procedures for business setup, including fast-track licensing and registration processes.

Access to World-Class Infrastructure

Free zones provide state-of-the-art facilities, office spaces, and logistics solutions tailored to various business needs.

Strategic Locations

Many free zones are located near major airports, seaports, and highways, offering easy access to global markets.

Sector-Specific Freezones

The UAE has various freezones catering to different industries, such as media, finance, healthcare, and logistics, making it easier to find a zone that suits the business’s needs

No Currency Restrictions

Freezone companies are not subject to currency control regulations, allowing easy cross-border financial transactions.

Flexible Visa Options

Freezone companies can obtain residency visas for employees and their families, with simplified visa application processes.

Popular Freezone Jurisdictions

In the UAE, several offshore jurisdictions are popular among businesses and entrepreneurs due to their favorable regulatory frameworks, tax benefits, and strategic locations. Here are the most notable offshore jurisdictions in the UAE:

Dubai Multi Commodities Centre (DMCC)

Located in Dubai, DMCC is one of the most renowned free zones, particularly for trade and commodity-based businesses.

Jebel Ali Free Zone (JAFZA)

One of the largest free zones in the UAE, JAFZA offers easy access to global markets and caters to various industries including logistics, manufacturing, and trade.

Ras Al Khaimah Economic Zone (RAKEZ)

Known for cost-effective business solutions, RAKEZ supports a wide range of sectors, from industrial to service-oriented companies.

Dubai Silicon Oasis (DSO)

A technology park focused on promoting tech-based startups and innovation-driven enterprises.

Abu Dhabi Global Market (ADGM)

A popular financial free zone, particularly for firms specializing in banking, financial services, and asset management.

Sharjah Airport International Free Zone (SAIF Zone)

Located in Sharjah, SAIF Zone is preferred by companies looking for affordable setup costs and proximity to an airport.

Fujairah Creative City

Ideal for media, entertainment, and creative sectors, offering simplified processes and flexible company formation options.

Ajman Free Zone

Popular for small and medium-sized enterprises due to its low-cost structure and flexible office solutions.

Dubai International Financial Centre (DIFC)

Specializes in banking, financial, and legal services, with a focus on international finance and trade.

International Free Zone Authority (IFZA)

located in Dubai Silicon Oasis, is a prominent free zone offering flexible business setup options, especially for SMEs, with a variety of licenses and office solutions.

Meydan Free Zone

Part of Dubai's Meydan business hub, offers business setup services with benefits like tax exemptions, 100% foreign ownership, and typical UAE free zone advantages.

Process of forming a free zone Company in the UAE

Choose a free zone

Research and select a free zone that aligns with your business activities and goals.

Determine Business Activity

Define the type of business activity you intend to conduct. This is essential as it will determine the required licenses and permits.

Choose a Company Name

Select a unique company name that complies with UAE naming regulations. The name should not violate any trademarks and should not be offensive.

Submit Application

Submit the application form along with the required documents to the chosen free zone authority

Pay Fees

Pay the necessary fees associated with the application, which can vary by free zone and type of company. This typically includes registration and licensing fees.

Obtain Licence

Upon approval, you will receive your business license, which is required to operate legally in the free zone.

Open a Bank Account

Open a corporate bank account in the UAE. You may need to provide the bank with your business license and other documentation.

Register for VAT (If Applicable)

If your company’s taxable supplies exceed the VAT threshold (currently AED 375,000), you must register for VAT with the Federal Tax Authority.

Complete office setup

Depending on the free zone, you may need to lease office space. Some free zones offer flexi-desk options for smaller businesses.

Obtain additional permits

Depending on your business activities, you may need additional permits from local authorities or other governmental entities.

Visa processing

Apply for residency visas for yourself, your employees, and any dependents through the free zone authority.

Required Documents for Freezone Company Formation

● Passport copies of the shareholders and directors
● A business plan outlining your proposed activities
● Proof of residence (e.g., utility bill)
● No Objection Certificate (if applicable)

Things to Consider for Setting up a Free Zone Company in UAE

No Requirement for In-Person Attendance

There is no obligation for individuals to be physically present during the company formation process.

Minimal Direct Engagement with Government Entities

Interaction with governmental bodies is kept to a minimum, simplifying the process for business owners.

VAT Exemptions

Businesses may benefit from being exempted from Value-Added Tax, reducing their overall tax burden.

Exemption from Corporate Tax

Companies may enjoy relief from corporate taxation, enhancing profitability

Diverse Business Structures Available

A wide range of business types can be established, allowing for flexibility in operations and ownership.

ThinkBiz’s Comprehensive Company Formation Services

Establishing a UAE Freezone Company

Obtaining a Trade License

Chamber of Commerce Registration

Assisting with Bank Account Setup

Arranging Director Visas for the Company and Family

Coordinating Office Staffing and Accounting Solutions

Meeting All Other Business Requirements

Start Your Journey to Freezone Success – Book Your Consultation Now!

FAQ’s

What is a Freezone Company in the UAE?

A Freezone Company is a business entity registered in one of the UAE’s economic zones that offers 100% foreign ownership, tax benefits, and streamlined processes. It is designed to attract foreign investors and provide a business-friendly environment with various incentives.

What are the key benefits of setting up a Freezone company?

Key benefits include 100% foreign ownership, zero corporate and personal income tax, customs duty exemptions, full repatriation of profits, and access to world-class infrastructure.

How long does it take to set up a Freezone company in the UAE?

The process typically takes between 1 to 10 working days, depending on the chosen free zone and the complexity of the business activities.

Can Freezone companies do business outside the UAE?

Yes, Freezone companies are allowed to conduct international business and trade freely outside the UAE, leveraging the country’s strategic location for global expansion.

Are Freezone companies allowed to trade within the UAE mainland?

Freezone companies can only trade within the UAE mainland through a local distributor or by establishing a branch office. Direct trade requires partnering with a mainland-licensed company.

Do I need a local sponsor to set up a Freezone company?

No, Freezone companies allow 100% foreign ownership without the need for a local sponsor or partner, unlike mainland companies.

What are the office requirements for a Freezone company?

Many free zones offer flexible office solutions, from physical offices to virtual desk (Flexi-desk) options, catering to businesses of all sizes and needs.

Can Freezone companies sponsor visas for employees and family members?

Yes, Freezone companies can sponsor residency visas for their employees, as well as dependent visas for family members.

What types of business activities can be conducted in a free zone?

Freezones in the UAE cater to a wide range of business activities, including trade, manufacturing, consulting, IT services, finance, media, healthcare, and more, with certain freezones specializing in specific industries.

What documents are required to set up a Freezone company?

Common documents include passport copies of shareholders, a business plan, proof of residence, and a No Objection Certificate (NOC) if applicable. Specific documents may vary by free zone.