Dubai is renowned as a global business hub, and its free zones are an excellent choice for entrepreneurs looking to establish their companies. Offering numerous benefits like tax exemptions, full foreign ownership, and simplified processes, Dubai free zones make it easier than ever to start a business in Dubai. In this guide, we’ll take you through everything you need to know about freezones company setup in Dubai.
Dubai free zones are specially designed to attract foreign investors and entrepreneurs. Here are some reasons to consider a free zone:
- Full Foreign Ownership: Unlike mainland companies, no local sponsor is required.
- Tax Benefits: Enjoy 0% corporate and personal income tax.
- Custom Duty Exemption: No import/export duties within the free zones.
- Simplified Processes: Fast-track licensing and registration procedures.
- Access to Global Markets: Strategically located for international trade.
Types of Businesses You Can Start in Dubai Free Zones
Dubai free zones cater to a wide range of industries, including:
- Trading and Import/Export
- IT and Technology
- Media and Advertising
- E-commerce
- Manufacturing and Warehousing
- Education and Consultancy
Each free zone has specific regulations and licenses tailored to different business activities.
Step-by-Step Guide to Setting Up a Free Zone Company
Step 1: Select a Free Zone
Choose a free zone that aligns with your business type. For example, Dubai Internet City is ideal for tech companies, while Jebel Ali Free Zone is perfect for logistics and manufacturing.
Step 2: Choose a Business Activity
Define your business activities to determine the required license type.
Step 3: Register Your Business
Submit your application along with the necessary documents to the chosen free zone authority.
Step 4: Obtain Your License
Once approved, the free zone authority will issue your business license.
Step 5: Open a Bank Account
After obtaining the license, open a corporate bank account to manage your business finances.
Step 6: Lease Office Space
Depending on the free zone, you may need to lease office or warehouse space as part of the process.
- Documents Required for Free Zone Business Setup
- Passport copies of shareholders and managers
- Proof of residence (utility bill or tenancy contract)
- Business plan (if required)
- Application form from the free zone authority
- Initial approval certificate
Costs Involved in Free Zone Company Setup
The cost of freezones company setup in Dubai varies based on the free zone and business activity. Key expenses include:
- License Fee: Ranges from AED 10,000 to AED 50,000 annually.
- Office Space Rental: Starting from AED 15,000 per year for shared workspaces.
- Visa Fees: Approximately AED 3,000 per visa.
Some free zones offer bundled packages that include licenses, visas, and office space, making it more cost-effective.
How Raes Associates Can Help
Setting up a company in Dubai free zones can be a hassle-free experience with expert guidance. Raes Associates has years of experience helping entrepreneurs navigate the complexities of freezones company setup in Dubai.
We provide end-to-end services, including:
- Selecting the right free zone.
- Preparing and submitting documents.
- Assisting with visa applications.
- Setting up corporate bank accounts.
With Raes Associates, you can start your business in Dubai confidently and focus on what you do best—growing your company!
Contact Raes Associates today to kickstart your journey to a thriving business in Dubai free zones. Let us handle the setup while you reap the benefits of operating in one of the world’s most business-friendly environments.
