Free Zones

Free Zones

Home   –   Company Services

Services –
List of Free Zones
We Serve.

Jebel Ali Free Zone (JAFZA)
Dubai Airport Free Zone (DAFZA)
Dubai International Financial Centre (DIFC)
Dubai Healthcare City (DHCC)
Dubai Media City (DMC)
Dubai Silicon Oasis (DSO)
Dubai Academic City
Dubai Design District
Dubai Industrial City (DIC)
Dubai International Academic City
Dubai Internet City (DIC)
Dubai Multi Commodities Centre or Jumeirah Lakes Towers Free Zone
Hamriyah Free Zone

There are around 40 Free Zones working in the UAE, with increasingly under development. Each Free Zone is structured around at least one business classes and just offers licenses to organizations inside those classifications.

The fundamental attractions of building up a business in one of the UAE’s Free Zones is that there are no outside proprietorship limitations and organizations are governfored by an autonomous Free Zone Authority (FZA), which is answerable for giving working licenses and directing the exercises of organizations inside the Free Zone.

The UAE is presently a significant business center point and perfect for setting up a business or a delegate office, there are currently more than 40 distinctive “Unhindered commerce Zones” in the UAE so recognizing the best Free Zone through which to lead business in the locale can be a repetitive assignment. It is additionally a typical misguided judgment that a Free Zone Company is a seaward organization, in any case, despite their similitudes; they do likewise have very varying attributes.

In addition to enabling shareholders, directors and employees to obtain residency
visas in the UAE, the benefits of a Free Zone include:

  • 100% foreign ownership (no requirement for a local partner/sponsor)
  • 100% repatriation of capital and profits
  • 100% corporate and personal income tax exemption
  • Absence of currency restrictions
  • Wide variety of licensable activities
  • Abundant and inexpensive energy
  • Modern, efficient communications
  • Logistic efficiencies due to business cluster effect
  • Serviced desks and offices for SMEs and start-ups
  • Excellent support services

The nature of the business activity that you intend to carry out will have a big influence on selecting the Free Zone to meet your requirements. The principal Free Zones and their license activities include:

Dubai Multi Commodities Centre (DMCC) – Commodities Trade and Exchanges;
Jebel Ali Free Zone (JAFZA) – Trading, General Trading, Service, Logistics and Industrial;
Dubai International Financial Centre (DIFC) – Banking, Financial Services and Legal;
Dubai World Central (DWC) – Aviation, Logistics, Light industry and Ancillary Services;
Dubai Knowledge Park (DKP) – Human Resources Management, Training and Personal Development;
Dubai Internet City (DIC) – Internet and Communications Technology;
Dubai Media City (DMC) – Media related activities;
Dubai Silicon Oasis (DSO) – Information Technology, Telecom, Electronic and Engineering;
Dubai Healthcare City (DHCC) – Healthcare, Medical Education and Research, Pharmaceuticals and Medical Equipment;
Ras Al-Khaimah (RAK) – Trading, General Trading, Service, Industrial and Educational;
Fujairah Creative City (FCC) – Media, Consulting, Communications, Design and Technology

REQUIREMENT:

Investors can either register a new company in the form of a Free Zone Establishment (FZE) or a Free Zone Company (FZC) – an FZE has one shareholder and an FZC has two or more – or simply establish a branch or representative office of their existing or parent company based within the UAE or abroad. An FZE or FZC is a limited liability company governed by the rules and regulations of the Free Zone in which it is established. The provisions of the UAE Commercial Companies Law (CCL) do not apply.

In order to begin the process of setting up a Free Zone Company, we will require the following documentation and due diligence from all shareholders/directors of the proposed new company:

  • Certified Passport Copy and UAE Visa/UAE entry stamp (if non-resident)
  • 2 x Proofs of Address (dated within 3 months)
  • Bank or Professional Reference Letter
  • Curriculum Vitae (summary of professional history)
  • Company Application Form (which we will provide

Please note that some Free Zones may request a detailed business plan,depending on the business activity of the proposed new company. Sovereign has a variety of templates in order to assist you. Once a legal presence has been established in a Free Zone, the business will need to lease premises or land and acquire
an operating license from the FZA. Different types of licenses apply in the different types of free zone. Companies with trade and industrial licenses can only conduct business within the Free Zone or abroad. To sell products in the UAE, a UAE official agent is required, and a joint venture needs to be formed.

Want to know more?

If you need further assistance in doing business in UAE or setting up your own office in Dubai or in the UAE Free-zones;
Contact Now

×