How to setup Free-zone in Dubai

How to setup Free-zone in Dubai

Having a Free zone business in Dubai is always a fruitful option. It gives you 100% ownership
along with several benefits like repatriation advantage, zero taxation, zero corporate tax and low
leasing prices etc.
There are many free zones available for business setup in Dubai. Which offers lucrative licensing
packages such as IFZA Fujairah Free Zone, RAK Freezone, Dubai Airport free zones (DAFZ),
Hamriyah Free Zone, Jebel Ali free zone (JAFZ) and Ajman Media City is the cheapest Freezone
for a Trading License. Therefore, when you set up a company in a Dubai free zone, you need to be
aware of each free zone’s benefits and characteristics.
Types of Company Registered in Dubai free zone
1. Free Zone Establishment: This type of company is a single shareholder limited liability
company.
2. Free Zone Company: This type of company can be registered with 2 or more
shareholders(maximum 5 shareholders). Individuals or corporate companies can be
shareholders.
Process of how to Start a Business in Dubai Freezone:
1. Select Business Activity.
2. After selecting the business activity, deciding which free zone is right for you.
3. Find a Business Name according to your business activity.
4. Select the office premises.
5. Gather all the documents and apply for a license.
6. Open your Corporate Bank Account.
Fees and Charges you have to pay to set up business in Freezone:
● Registration and License Fee.
● Address Services Charges.
● Flexi Desk office Charges.
● E-Channel Registration Deposit.
OTHER CHARGES
● Residence Visa Charges.
● Global Resources Professional Fees.
Documents required to set up business in Freezone:

● Any Bank Account in UAE.
● Proposed names for the business to be incorporated.
● Colour Scanned copy of Passport.
● Visa copy or UAE Entry Stamp.
Every free zone has its own advantages and disadvantages depending on the business activity
and approval is provided when you satisfy the criteria of that particular free zone. Freezone is the
wise choice to start a small business in Dubai and it has long-standing benefits.

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