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How to open a company in Dubai Free Zone, UAE
Opening a company in the Dubai, UAE involves choosing a suitable economic zone to operate in, depending on the business objectives. Free economic zones with their advantages and peculiarities of registration are very popular.
Free Zone is a jurisdiction in the Emirates, free of most taxes, which has a number of advantages:
- the possibility of 100% foreign ownership, repatriation of capital and profits;
- simplified and fast procedures for business registration;
- each freezone is a full-fledged business community of entrepreneurs, where it is possible to share experience and search for partners;
- exemption from customs duties if goods do not leave the freezone;
- modern and innovative infrastructure;
- choice among more than 40 specialized zones.
It is worth understanding that each FEZ has a certain focus and, accordingly, suitable types of activities. There are more than 40 such zones, and each has its own peculiarities, which are important to take into account. Among the most popular and recommended freezones are IFZA, DMCC, RAKEZ and MEYDAN.
IFZA is located practically in the center of Dubai, close to the Burj Khalifa. Here commercial, professional licenses are available and from the IT sector there are more than 800 activities to choose from, and it is possible to combine different activities in one company. The ecosystem of this FEZ includes Dubai Digital Park, where you can find everything you need for comfortable and productive work.
DMCC is one of the largest economic zones, where hundreds of enterprises in the sphere of commodity relations and raw materials are working. The precious metals market, energy sector and agriculture are actively developing here. Cryptocurrencies have become increasingly popular recently. The location in the Jumeirah Lake Towers business center is considered extremely convenient in terms of logistics.
MEYDAN is well positioned close to the center of Dubai and has the opportunity to open a license for more than 2000 activities from the media, consulting, commerce and professional services groups. Flexible office solutions will allow you to find the most convenient space or workplace. It should be borne in mind that warehousing facilities are not provided here. This zone also allows you to rent an office outside the FEZ.
RAKEZ is located near the airport and seaport in Ras Al Khaimah. Freezone is popular for its large number of warehouses and industrial zone plots. Available activities include commerce, services, industry, media, education, etc.
To attract investors and entrepreneurs, FEZs periodically run various promotions for office rentals, registration of certain types of licenses, visas, etc.
DMCC is one of the largest economic zones, where hundreds of enterprises in the sphere of commodity relations and raw materials are working. The precious metals market, energy sector and agriculture are actively developing here. Cryptocurrencies have become increasingly popular recently. The location in the Jumeirah Lake Towers business center is considered extremely convenient in terms of logistics.
MEYDAN is well positioned close to the center of Dubai and has the opportunity to open a license for more than 2000 activities from the media, consulting, commerce and professional services groups. Flexible office solutions will allow you to find the most convenient space or workplace. It should be borne in mind that warehousing facilities are not provided here. This zone also allows you to rent an office outside the FEZ.
RAKEZ is located near the airport and seaport in Ras Al Khaimah. Freezone is popular for its large number of warehouses and industrial zone plots. Available activities include commerce, services, industry, media, education, etc.
To attract investors and entrepreneurs, FEZs periodically run various promotions for office rentals, registration of certain types of licenses, visas, etc.
The process of registration in Free Zone includes several steps:
Selection of a trade name, in accordance with the legislation
Selection of a suitable office (real or virtual) and warehouse, if necessary, for the planned activity
Submission of documents for obtaining a license to the regulatory body
Obtaining a visa for the founders and opening a corporate account
The whole process can take up to 14 days. It is even possible to start the registration in a remote format. The cost of opening a company in a particular freezone depends on the type of license and the number of visas required for founders and employees. Openbiz specialists can help you calculate the costs and find the right economic zone for your business.
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