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Free Zone Company Setup in Dubai

The list of free zones in Dubai:

  • Dubai Airport Free Zone
  • Dubai Auto Zone
  • Dubai Cars and Automotive Zone
  • Dubai Design District
  • Dubai Flower Centre
  • Dubai Gold and Diamond Park
  • Dubai Healthcare City
  • Dubai Industrial City
  • Dubai International Academic City
  • Dubai International Financial City
  • Dubai Internet City
  • Dubai Knowledge Park
  • Dubai Logistics City
  • Dubai Maritime City Authority
  • Dubai Media City
  • Dubai Multi Commodities Centre
  • Dubai Outsource Zone
  • Dubai Science Park
  • Dubai Silicon Oasis
  • Dubai Studio City
  • Dubai Techno Park (New name: National Industries Complex)
  • Dubai Textile City
  • Energy and Environment Park
  • International Humanitarian City
  • Jebel Ali Free Zone Authority
  • Jumeirah Lakes Towers Free Zone
  • Dubai Production City

The advantages of setting up a Free Zone company in Fujairah are stated below:

  • No restrictions on foreign ownership;
  • Own 100% ownership of your business;
  • No hassle of employing local sponsor or an agent;
  • Full Tax exemption;
  • 100% Capital & Profit Repatriation;
  • Wide range of licensable activities;
  • Wide range of facilities and infrastructure (warehouse, commercial offices, retail licenses and many more);
  • Easy and cheap company registration procedure;
  • Can be liquidated anytime;
  • No commercial levies;
  • A popular business hub due to its diverse business model;
  • Lucrative incentives for foreign nationals for setting up business;
  • Hand office and warehouse facilities;
  • The option of liquidating anytime;
FreeZone Company Setup in Dubai

Procedure of Setting Up a Free Zone Company in Dubai

Step 1: Select the type of Legal Entity

Select the type of legal entity: 

i.Free Zone Limited Liability Company (FZ LLC), or a Free Zone Company (FZ Co.).

ii. Free Zone Establishment (FZE)

iii. Branch or Subsidiary of a foreign or local Company 

Step 2:

There are a number of factors to consider before choosing a name:

  • The connection of the name with the company’s activity;
  • Is the name already taken (protected by copyright);
  • Restriction on the use of obscene or indecent words or even the use of location in the company name;
  • No use of God’s name or any of his divine attributes;
  • Should not contain any political indication as well as religious;

Step 3:

Set your business activity It is to be noted that, getting the license is heavily dependent upon your business type.

Step 4:

Licensing After the successful registration of your company, you will get the license. There are several types of licenses in the Fujairah free zones:

  • Trade license
  • General trading
  • Professional license
  • Industrial license

Step 5: Choose an office space Step

The requirement of choosing an office space fully depends on the type of the business activity and the number of employees.

Step 6: Apply for initial approval

You are required to provide the following documents:

  • Completed application form
  • Business plan
  • Copy of existing trade licence/registration certificate (it is for an existing company and applicable for local company only)
  • Colour passport copies of the company's shareholder(s) and the appointed Manager/Director for the new company
  • Specimen signature of the company's shareholder(s) and the appointed Manager/Director for the new company
  • 2 years' audited financial reports for corporate entity or certificate of reference from a personal bank of the individual shareholder
  • NOC from current sponsor (for individuals)
  • Unit title deed
  • Letter of Intent
  • Registry Identification Cod Form (RIC) for Manager/Director (Original and notarised)

Step 7: Company registration

Once you get the initial approval, you need to register your company. Registration requires to pay and submit the following documents:

  • Completed application for registration
  • Board Resolution appointing Manager and Director (Notarized and attested)
  • Power of Attorney given to Manager and Director (Notarized and attested)
  • Memorandum and Articles of Association (Notarized and attested)  Specimen signature of Manager and Director (Notarized and attested)
  • Passport-size photo with white background of Manager and Director
  • Share capital information (it depends on the business type and authority governing the free zone)

Step 8: Get your Business License

After the successful registration of your company, you will get the license.

Step 9: Open a Bank Account

- Business profile

- Office Lease agreement

- License

- Memorandum of Association, Articles of Association and Certificate of Incorporation

- Passport Copy and Residence Visa Procedure to set up Branch/subsidiary for a company If you want to set up Branch/subsidiary for a company then you will require the following documents as follows:

- Application form

- Ultimate Beneficial Owner Declaration

- Passport Copy of Manager

- Passport size photograph of the Manager

- Proof of Address of Manager

- Memorandum of Association and Articles of Association - Certificate of Incorporation

- Board Resolution & Power of Attorney

- License (if applicable)

- The branch documents should be Legalized & Attested by UAE Embassy or Consulate where parent company exist.

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