Dubai is a global business hub for investors around the world. Dubai Free Zones offer a host of opportunities to those who look to enjoy doing business with a hundred percent tax exemption. At the same time, setting up a business in a Dubai free zone is not difficult, when you know what and how you want to do business and with the right help at hand. Foreign investors can make the most out of their investments in a country that ranks higher in the global index of ease of doing business.

Benefits of Company Formation in Dubai Free Zones

Free zone businesses are the most appropriate form of business for foreign investors. It offers many benefits in terms of ownership, tax exemption, business registration, and infrastructure availability, without the requirement of having a local sponsor or partner. Some of the key benefits of Dubai freezone company setup:

• 100% foreign ownership of the business
• 100% personal and corporate tax exemption
• 100% repatriation of capital and profits
• No import and export duties
• No currency restrictions
• Long-term land leasing options
• A wide variety of licenses for various activities
• Easy corporate bank account opening process
• Privacy protection and safety
• Easy visa approval process

In Dubai Free Zones, foreign investors can start a variety of business activities across many industries, including IT, finance, retail, real estate, tourism, education, healthcare, and so on. All they need is to identify the idea free zone and apply for the right type of business license depending on the type of business activity they want to operate as a free zone company.

Free Zones in Dubai

Dubai has the most number of free zones compared to the other six emirates in the UAE. Every free zone is designed to provide special kind of infrastructure facilities to promote different business activities in different sectors. You can select a free zone for company formation based on the business type and trading activities you want to operate. Some of the most popular free zones in Dubai are:

• Dubai Multi Commodities Centre (DMCC) – Ideal for commodities trade and exchanges
• Jebel Ali Free Zone (JAFZA) – Ideal for general trading, service, and logistics 
• Dubai International Financial Centre (DIFC) – Idea to set up a company to operate banking, financial and legal services
• Dubai Knowledge Park (DKP) – Ideal for education, human resources management, training, and personal development;
• Dubai Internet City (DIC) – Ideal for IT, technology, and communication services
• Dubai Media City (DMC) – Idea for media-related activities;
• Dubai Silicon Oasis (DSO) – Ideal for IT, telecom, electronic, and engineering services
• Dubai Healthcare City (DHCC) – Ideal for healthcare, medical research, pharmaceuticals services
• Ras Al-Khaimah (RAK) – Ideal for general trading, Service, and industrial activities

Investors have the option to set up their companies in the following business entity type:

• Free Zone Establishment (FZE)
• Free Zone Company (FZC)
• Branch office of an existing business entity

For Dubai free zone company setup, investors need to apply for an appropriate business license to legally operate their business activities. They can apply for the following types of business licenses based on the nature of their business:

• General Trading License
• Trading License
• Industrial License
• Service License
• Innovation License

Every investor needs to know about these details before getting into the process to make the right decision for the Dubai freezone company setup. Socialite Consultancy Services has been investors incorporate their free zone companies through a hassle-free process in a quick time. A team of highly skilled, knowledgeable, and experienced consultants assists and support in all aspects of the business registration process in Dubai free zones. Give us a call for a free consultation.