Business Set up in Dubai Freezone

A Free zone is a geographical region or jurisdiction which is allowed to conduct a predefined trading activity or set of activities in the UAE. Business set up in Dubai Freezone requires a license and the Freezone licenses in Dubai and UAE are issued based on the particular business activity of the company.

The Dubai Freezone Licenses are issued based on the particular business activity of the company. Certain new free zone regions are under construction and therefore the total number of the free zone would rise in the coming years.

Free Zone Authority (FZA) is the governing body in charge of the activities related to a Free Zone company like license issuance and operation. The Commercial laws governing the UAE mainland companies are not applicable to the Free zone companies. One of the greatest benefits of business set up in Dubai Freezone is that foreign investors can enjoy 100% ownership. Apart from complete ownership benefits, monetary benefits like complete tax exemptions, 100% repatriation benefits, absence of foreign exchange restrictions are the added benefits of Dubai freezone company formation.

When your company is approved for the Freezone business, it is given any of the Dubai Freezone licenses such as Trade License, Industrial License, Service License, or National Industrial License by the Free Zone Authority. These freezone licenses in Dubai/UAE can be renewed annually as long as the lease agreement is in force.

You are supposed to select your desired free zone jurisdiction based on the type of business. Your business activity should match the category of the preferred Free zone. Even though offshore companies share some of the benefits of Freezone companies in Dubai, they are not identical.

Free Zone License In UAE

You may opt for any of the Free Zone regions listed below based on your business endeavour.

                    JAFZA 
                
                         JAFZA The Jebel Ali Free zone popularly known as JAFZA was formed in 1985 and is regarded as one of the oldest free zones in the Emirates. With more than 7500 companies that comprise of close to 100 Global Fortune 500 establishments, JAFZA serves as a vibrant and happening trading base for business conglomerates around the world. Industrial License, Trading License, Service License, Innovation License are the major business licenses connected with JAFZA. Apart from trade licenses, JAFZA provides investors with a platform for offshore company formation.

                    DMCC 
                
                         DMCC Dubai Multi Commodity Centre was formed in 2002 and is considered as the Gateway to global trade. The DMCC free zone is specifically focused on international trading. The free zone controls and assists in the trading of diverse products like diamond, gold, food products, tea and industrial commodities. DMCC serves as a trading platform for startups as well as MNCs and offers immaculate infrastructure and flawless services for around 17,000 business establishments.

                    Dubai South Free zone 
                
                         Dubai South Free zone Dubai South is a multipurpose economic free zone which is spread around an area of 145 sq.km. The free zone serves multiple sectors like aviation, logistics, ancillary services and light industry. The Dubai South free zone is located in a strategic location and its proximity to Jebel Ali Port and Al Maktoum International Airport offers several logistical advantages. Due to the strategic advantage, the Dubai South Free zone helps the businesses save time and operational costs.

                    Ajman Media City 
                
                         Ajman Media City Ajman Media City Free zone is a media and creativity hub mainly aimed at media houses, creative professionals and entrepreneurs. The free zone is comparatively new and was established in 2018. Entrepreneurs and investors in the field of media, IT and advertising prefer Ajman Media City mainly due to the affordable Business Setup cost.

                    Shams Free Zone 
                
                         Shams Free Zone Shams Free zone or Sharjah Media City Free zone is considered as the fastest developing media related Free zone in the Emirates. The Shams Free zone was established in 2017 in the Emirate of Sharjah. The free zone appeals to media professionals and innovative ventures who rely greatly on creativity. The free zone offers diverse business activities like media, wholesale and retail and services.

                    Gold and Diamond Park Free zone 
                
                         Gold and Diamond Park Free zone Established in 2011, the Dubai Gold and Diamond Park Free zone is dedicated completely to the jewellery and ornament industry. Gold and Diamond Park Free zone promotes the trading of jewellery items and other precious metals like silver, gold, platinum, expensive ornaments, gemstones and other related add-ons. The trade of jewellery and other high-end products are aimed at both inbound customers and international tourists. Gold and Diamond Park free zone is the one-stop destination for jewellery and ornaments related requirements as it houses the world’s best designs and accessories.

                    International Free Zone Authority 
                
                         International Free Zone Authority IFZA is located in the Emirate of Fujairah. The free zone has good access to seaports in the Gulf of Oman as well as the Fujairah International Airport. The free zone offers great investment opportunities to investors all over the world by providing affordable warehouses, residential apartments, hotels, offices and retail outlets. The free zone gives much importance to business sustainability. IFZA caters to the needs of diverse sectors like trading, service and industries. The low business set up cost and the strategic location are two major benefits of setting up a business in IFZA.

                    Dubai Airport Free Zone 
                
                         Dubai Airport Free Zone Widely known as DAFZA, Dubai Airport Free Zone is one of the most celebrated Free Zones in Dubai. The proximity to Dubai International Airport gives a clear advantage to DAFZA over other free zones in Dubai. DAFZA is very investor-friendly and is a safe haven for business establishments that handle logistics, electronics and aviation.

                    Dubai Knowledge Park 
                
                         Dubai Knowledge Park Dubai Knowledge Park provides the necessary infrastructure to serve the needs of the education sector. Educational consultants, educational institutes and training providers and universities operate in Dubai Knowledge Park. Many internationally acclaimed universities provide study centre facilities in DKP.