With so many free zones to choose from, doing business in the UAE has never been more exciting. Free zones provide a healthy, positive work environment and improve international investment by allowing all nationalities to own 100% ownership of their businesses. Business Setup in UAE Free zone operations are simplified with the assistance of professional service providers because of their experience and efficiency in this field.
The free zones in UAE provide a regulated and secure business environment where a diverse array of company operations can be permitted. They boost the economy, stimulate foreign investment, and help new entrepreneurs expand faster, paving the way for the development of UAE free zone companies.
As a reliable business consultancy in Dubai, Nareos guides you through free zone business setup in UAE free zone by streamlining the entire registration and administrative procedure. With exceptional services, we allow you to focus on growing your business in the UAE.
Benefits of Dubai Free Zone Company Formation
The laws and regulations of the free zone in which a company is formed define a free zone company. Some of the benefits of a UAE free zone company formation are as follows:
0% foreign ownership
0% corporate tax for 50 years
0% personal income tax
100% repatriation of capital and profits
0% import or re-export duties
No currency restrictions
No restrictions on foreign talent or employees
Major Free Zones in Dubai
Which free zone is optimal for you will be determined by the type of business activity you intend to embark on? The key business set up UAE free zones in which we can help you launch a business are listed below.
JAFZA
Jebel Ali Free Zone (JAFZA) has become one of Dubai’s newest and most coveted free zones, with international facilities in general commerce and logistics.
DMCC
The Dubai Multi Commodities Centre (DMCC) is the proper business centre for Dubai and the United Arab Emirates.
DAFZA
The Dubai Airport Free Zone (DAFZA), one of the city’s most renowned and fastest-growing free zones, is home to a multitude of enterprises from a range of sectors.
DIFC
The Dubai International Finance Centre (DIFC) is a free zone in Dubai that allows corporations to hold 100% of their assets. It was established to help Dubai achieve its strategic goal of strengthening its financial assets and attracting cash and investment to the area.
IFZA
International Free zone Authority (IFZA) Dubai provides Free Zone Permits depending on a number of customizable company setup options and provides affordable packages, prompt service, and an up-to-date understanding of standards and procedures to guarantee that its clientele’ businesses are built on solid ground.
SAIF
Sharjah Airport International Free Zone (SAIF) provides a diverse variety of options for businesses looking to establish a presence in Dubai. They offer some of the most appealing business incentives in the region, such as quick service and ease of use.
Meydan
Meydan Free Zone in Dubai offers low-cost company setup options. The Meydan free zone attracts a large number of businesses from all around the world.
Dubai South (Dubai World Centre)
The Dubai South free zone, originally known as Dubai World Central, connects the Middle East, Africa, and South Asia.
Silicon Oasis in Dubai
The Dubai Silicon Oasis Authority is a government-owned free zone that encourages and supports innovative tech giants.
What are the steps to opening a free zone business UAE?
The free zones in the UAE are an integral feature of the country’s developing economy, offering attractive options for business setup in UAE. There are several free zones in UAE alone that contribute considerably to the country’s economic growth. In a free zone, two types of businesses can be formed:
Free Zone Establishment (FZE) FZE is a single-shareholder limited liability company.
Free Zone Limited Liability Company (FZ LLC) A limited liability corporation (LLC) with a maximum of fifty shareholders is known as an FZLLC.
Key steps to setup a Business in UAE Free Zone
In a free zone, it is much easier to start a business. The free zone’s officials just require the absolute minimum of paperwork and time. The processes to founding a business in a free zone are outlined below.
Determine the commercial activity of the legal entity.
Should choose a name for the activity’s business.
Fill out a business license application.
The memorandum and articles of association are being prepared.
Choose a location for your office.
Fill out the application form and bring your business plan to the meeting.
Obtain pre-approval from the authorities, then register your business and apply for a license.
Documents Required for Setup a Company Formation in UAE
For Individual Shareholders
Passport copies of shareholders
Copies of the Manager’s, Director’s, and Secretary’s passports
Utility bills of shareholder, Manager, Director & Secretary
Resume/CV of shareholder & Manager
Bank Reference Letter (for selected jurisdictions only)
For Corporate Shareholders
License copy
Incorporation/Registration Certificate
Memorandum & Articles of Association
Board resolution calling for the incorporation of the proposed entity
Incumbency certificate
Good Standing Certificate
All the above documents from 1 to 4 need to be attested by the UAE embassy overseas.
Note: Additional documents will be required depending on various jurisdictions.
Why Partner with Nareos?
Nareos offers years of expertise, handling everything from company formation to securing residence visas and ongoing business support.
