What is Dubai Freezone? What is Dubai Freezone License Advantages?
Dubai is called the land of opportunity. Entrepreneurs from different parts of the world come to this hub for new venture or to expand their business. An entrepreneur who wants to start the venture from a small scale, doesn’t want to invest heavily at the beginning. A free zone will be the best choice for him. Also an entrepreneur who wants to expand his existing business can identify and select a free zone suitable for his requirement. An experience business set up company like OneClik business setup services LLC FZ can assist you to find the right free zone as per your requirement.
A free zone license from Dubai allows companies to do business outside UAE and within that particular Free zone. There are different free zones in Dubai. All these free zones come with their own jurisdiction. Free zones come with multiple benefits.
- 100% Ownership for Expats: Dubai Free zones offer 100% ownership of a license to the expat entrepreneurs. Where many mainland activities require an UAE national having part of share in the license, free zones provides complete ownership.
- Cost Effective: The license cost of Dubai free zones comes as a package with the number of visas required by the owner which becomes lesser than a license cost in Dubai Mainland.
- Paperless company formation: Most of the Dubai Free zones do not require any paper document. This lower the risk of any misplacement of document and also makes the process swift.
- Office space: In Dubai Mainland it’s necessary to purchase or take rent of an office to get a license. In free zone the license cost includes the lease agreement of office or co working space. This again benefits the client financially.
- Availability of different activities: Dubai free zone comes with different activities like trading and other commercial activities, professional activities, industrial activities and also freelance permit. Dubai free zones also provide a unique opportunity to take different activities under one license which is not possible in Dubai Mainland. E Commerce is an activity which is exclusively available in Free zones only.
- Independent laws and regulations: Unlike Dubai Mainland each free zone comes with their own rules and regulations. Any activity which requires any special permission can obtain the same from that free zone.
- Modern Infrastructure: Depending on different activities Dubai free zones come with modern infrastructure of warehouses, offices, co working spaces and even plots to form a warehouse.
- Relief from VAT and Corporate taxes: Designated free zones are considered out of the UAE and hence become VAT free. The structuring of the company formation also can save paying from taxes.
- Multiple year renewal: The Dubai free zones comes with discounted offers to renew their licenses for multiple years. This doesn’t only make the cost lesser but also makes it hassle free.
- Different legal entities: Dubai free zones come with different legal entities options like FZCO where there are more than one shareholder also FZE where there is only one shareholder for the company.
- Seamless immigration process: As the free zones are within Dubai hence they comes under Dubai immigration only for issuance of visa. All the free zones have their own portal to process these visas efficiently. PRO services from OneClik business setup services LLC FZ can assist you to process visa from any of the Dubai Freezone.
As discussed earlier Dubai has different free zones. Some of those are mentioned below with their focused activities and specialties.
- Meydan Free zone: This free zone is located at MEYDAN which is visionary concept of His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE VICE PRESIDENT, PRIME MINISTER and RULER OF DUBAI. Availability of 2500 plus activities and combining multiple activities under single license.
- IFZA: Availability of Multiple activities and combining different activities from different groups under same license.
- Dubai Airport Free zone: Focused on aviation and cargo related activities. The free zone provides multiple warehouse and logistics facilities.
- Jabel Ali Free Zone: Focused on ship, freight, industrial and logistics related activities. Also provide warehouses and plots for industrial activities. This free zone provides an entire eco system to the entrepreneur by providing the port, logistics and warehousing, banking etc. facilities.
- Dubai International Financial Centre: This free zone is ruled by its own court which follows common law or international law.
- Dubai Multi Commodities Centre: One of the largest free zone in UAE. It has 24000 plus member representing 90 countries specializing in 900 activities.
- Dubai Media City: Focused on media related activities.
- Dubai Internet City: Focused on IT related activities.
The above are just few names from the entire lists of Free zones in Dubai. Free zones even helps for structuring companies immensely where multiple investors are related or non-individual shareholders are part of the business. Experienced business set up company like OneClik business setup services LLC FZ can save your time to navigate from the huge lists of different free zones in Dubai and their activities and can process the license formation and immigration work swiftly.
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