A free zone is a designated area where foreign companies can establish business and benefit from advantages including tax exemptions, customs benefits, and simplified processes.
Depending on the nature of your organisation, there are many licensing categories available, including commercial, industrial, and service licenses.
Yes! The majority of free zones provide a range of workplace choices, including fully equipped offices and flexi- desks.
The cheapest freezone in Dubai is called DAFZA; it is situated in the Emirate of Dubai and provides cost-effective packages for companies of all sizes, as well as the least expensive trade licence in Dubai. The annual cost of the Dubai Free Zone Licence ranged from 10,000 to 50,000 AED.
Yes, according to the latest amendments by the Ministry of Finance, A 0% tax rate will apply to qualifying firms in the UAE’s more than 30 free zones, which export tens of billions of dollars’ worth of goods to neighbouring states.
The main steps to starting a business in a free zone are listed below:
1. Identify the legal entity type.
2. Pick a business name.
3. Get a business licence by applying.
4. Select a workspace.
Obtain preliminary approvals, register your company, and obtain a licence.
Depending on the free zone you choose, the registration costs can vary, but they normally fall between AED 12,900 and AED 50 000. The registration of the business and acquiring the required licences are covered by this price.
It can take anywhere between one and two weeks, depending on the kind of business you’re starting and the free zone you choose.
No, companies registered with free zone authorities are not allowed to conduct business in Dubai Mainland by free zone jurisdictions. The majority of trading enterprises in free zones are unable to conduct business on Dubai’s mainland.
Yes, according to the latest amendments by the Ministry of Finance, A 0% tax rate will apply to qualifying firms in the UAE’s more than 30 free zones, which export tens of billions of dollars’ worth of goods to neighbouring states.
Selection of the free zone is dependent upon a variety of factors including the quantity of personnel and the nature of the business activities. In the free zones, you can either rent or buy office space or a warehouse. Additionally, bear in mind that a corporation may only have a facility in the free zone where it is registered.
