Free Zones in Dubai are special economic zones offering tax free, 100% foreign ownership and free customs duty benefits to expatriate investors. This makes the free zones the most favourable locations in the Middle East for international operations.
The Free Zone company’s setup in Dubai and UAE is not subject to commercial companies Law. Free Zones are considered to be outside the jurisdiction of UAE, and are under the rules and regulations of concerned free zone. Setting up a Free Zone company from UK may have some specific consideration to be done.
Dubai offers excellent business opportunities for investors from all around the world. As far as the rules and regulations are concerned, Dubai provides the most liberal working environment and easy company setup procedures.
When you set up a company in a Dubai free zone, you need to be aware of each free zone’s benefits and characteristics and you are responsible to maintain the rules and regulation of the Free Zone Authority.
For instance, JAFZA is a suitable free zone if you have a shipping company. DMCC and RAK are both suitable for trading company.
HAMRIYAH in South of Sharjah is meant for international trading company due to its deep water port and infrastructures.
Types of company registered in Dubai Free Zone are:
Free Zone Establishment (FZE): This type of company can be registered with one individual or corporate shareholder.
Free Zone Company (FZCO): This type of company can be registered with 2 or more shareholders. Shareholders can be either individuals or corporate companies
All these types of companies may not be available in every UAE free zone.
There will be some difference according to the rules and regulations of each free zone authority.
Types of licence in Dubai Free Zone are:
Trading License: This type of license allows company to carry out trading activities like buying, import & export and selling of limited number of goods and commodities.
General Trading License: This type of license will allow company to deal with trading of all types of goods with some exemption on banned goods and products that need special approvals.
Service License: This type of license is issued to companies which deal with consultancy, accountancy, etc. services.
Industrial License: This type of license allows the company to carryout manufacturing, packaging and processing in Dubai free zone.
To get more information about professional company formation in Dubai and in UAE please contact us