Free Zone Establishment
Overview
Also known as free trade zones – Free Zones are essentially economic areas where goods and services can be traded, usually at preferential tax and customs rates. They were originally rolled out to boost international business in the region by offering benefits such as 100% foreign company ownership. There are currently 45 free zones across the UAE.
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In a freezone, a company can be formed with 100% ownership by the expat(s). the owner can be only one person or more than one as well. Depending on the numbers of owners for the freezone company the suffix with the name of the company can be given as a Free Zone Establishment (FZE) or Free Zone Limited Liability Company (FZ-LLC)
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In case of multiple shareholder or owner in Free Zone Company (FZC), the freezone company the suffix Free Zone Company (FZCO) or Free Zone Limited Liability Company (FZ-LLC)
FREE ZONE ESTABLISHMENT IN DUBAI - UAE
HOW TO SET UP FZE OR FZ-LLC
Finding Inspiration in Every Turn
In Dubai, there are over 30 different Free Zones, each one governed by an ad hoc authority and with different regulations when it comes to the layout and registration of a company. Despite the many exceptions, this article offers an overview on the initial set-up process of a business in a Dubai Free Zone.
01
CHOOSE THE BUSINESS ACTIVITY
Start your business by selecting a trade name you have previously reserved or beginning with a new trade name.
03
PICK TRADE NAME AND OFFICE SPACE
Compare and select the legal type from limited liability company, Sole Establishment, civil company, Free Zone Company, Branch and subsidiaries
05
COLLECT THE LICENSE
02
SELECT THE RIGHT FREE ZONE
Select the activities that your business will be conducting. Please note special requirements might apply for some activities
04
PARTNER'S DETAIL
Enter the respective details of each of your partners, local service agents or managers. Be ready to input their address details, contact details, personal identification numbers (EID, Passport number, UID) their roles in the company, and the distribution of the company share.
Initial approval is a mandatory step to proceed further. Initial approval certificates are also required if you wish to register a new business location (Ejari) for your business.
JEBEL ALI FREE ZONE
JEBEL ALI
Jebel Ali is a large commercial port and business hub on the southern outskirts of Dubai, in the United Arab Emirates. Sandy Jebel Ali Beach is near the busy harbor. The area is home to a golf resort and dive centers. The waters of the gulf are rich in marine life and submerged wrecks. Nearby, Ghantoot Racing and Polo Club in Abu Dhabi has tournaments and events open to the public.
RAKEZ
Ras Al Khaimah Free Zone
RAKEZ
Ras Al Khaimah Economic Free Zone
Ras Al Khaimah is the largest city and capital of the Emirate of Ras Al Khaimah, United Arab Emirates. It is the sixth-largest city in UAE after Dubai, Abu Dhabi, Sharjah, Al Ain and Ajman. The city is divided by a creek into two parts: old town in the west and Al Nakheel in the east.
DUBAI SOUTH FREE ZONE
DUBAI SOUTH
Dubai World Central is a city that was under construction in Dubai, United Arab Emirates in 2006, planned to be an economic zone to support a number of activities including logistics, aviation, commercial
SHAMS
Sharjah Media City
SHAMS
Sharjah Media City
Sharjah Media City (Shams) a digitally born free zone authority was launched after an Emiri Decree was issued in 2017, by His Highness Dr Shaikh Sultan Bin Mohammad Al Qasimi, Supreme Council Member and Ruler of Sharjah. Shams is a 2 million m2 multi-use media city located in Al Messaned – Sharjah, with its doors open to talent from across borders.
DMCC
Dubai Multi Commodities Center
DMCC
Dubai Multi Commodities Center
Dubai Multi Commodities Centre was established in 2002 by the Government of Dubai to provide the physical, market and financial infrastructure required to establish a hub for global commodities trade. Ahmed Bin Sulayem is the Executive Chairman & Chief Executive Officer of DMCC
IFZA
International Free Zone Authority
IFZA
International Free Zone Authority
The International Free Zone Authority corporate office provides a centralised support function for IFZA's professional partners who retail our products and services. The Dubai office houses multiple departments including marketing, sales, operations, finance and management."
MAJOR FREE ZONE ENTITIES
