WHAT IS A UAE FREEZONE
A freezone is a specified area in which businesses get taxed low or not at all. This is to encourage investments and increase economic activity within the economy. These areas are jurisdictions that concentrate on particular or pre-defined commercial activity.
A Free Zone company in the UAE is a business established in a Special Economic Zone/area, known as a “Free Zone,” where companies operate with certain tax, customs and import benefits. Primarily aimed at foreign investors, these zones offer a more flexible environment for business setup in Dubai Free Zone. Establishing a Freezone company in Dubai means entrepreneurs can enjoy full ownership and various incentives, making it a popular choice for international business activities.
There’s no doubt a lot of information to review and much to consider when making the decision on which free zone is best suited to your specific business requirements, including location, price, business type, flexi-desk or office space options, auditing and bookkeeping and share capital requirements, and much more. That’s where the OJO team comes in, walking you through it step-by-step, steering you in the right direction, saving you money and ultimately making the entire experience a stress-free one.
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WHAT IS A FREE ZONE LICENSE IN THE UAE
A Free Zone License in the UAE is a special permit allowing businesses to operate within a Free Zone, a designated economic area with unique benefits. Primarily appealing to foreign investors, this license is a gateway to establishing a business in Dubai dynamic market.
Holding a Dubai Free Zone license means enjoying 100% ownership of your company, a privilege not commonly available outside these zones in the UAE. It also brings notable tax advantages, including exemptions from corporate and income taxes, enhancing profitability. The license simplifies the process of setting up a business, offering a more streamlined and efficient approach. Additionally, it provides customs duty benefits, aiding in cost-effective import and export activities. Essentially, a Dubai Free Zone license is a key to unlocking a world of business opportunities in one of the most vibrant economic hubs in the Middle East.
TYPES OF FREEZONE BUSINESS ACTIVITIES
Free zones are the best locations for company setup since they provide a range of activities for your business needs. Some of the activities are:
- E- Commerce
- Trading
- Services (Marketing, IT, Consultancy, Business Management)
- Logistics
- Import Export
- Media and entertainment
- Crypto, Blockchain, NFT
Types Of Business Licenses In Free Zone
There are different types of business licenses available in the UAE and can be obtained in a Free zone, namely below listed
Commercial License
Industrial License
Professional License
CHOOSE A BUSINESS ACTIVITY
One of the very first decisions to take on your journey towards incorporating a UAE free zone company, is to select the most suitable business activity. This process is very straightforward and you can even select multiple business activities. In your initial free consultation with us we will help you identify the most suitable activity or activities for your business to ensure a seamless application process for your UAE trade licence with OJO experts.
MAJOR FREE ZONES IN UAE
- Dubai International Financial Centre (DIFC)
- Dubai Multi Commodities Centre (DMCC)
- International Free Zone Authority (IFZA)
- Jebel Ali Free Zone (JAFZA)
- Meydan
- Ras Al Khaimah Economic Zone (RAKEZ)
- Sharjah Airport International Free Zone (SAIF Zone)
- Sharjah Media City (SHAMS)
- Sharjah Publishing City (SPC)
HOW TO REGISTER A UAE FREE ZONE COMPANY
Registering a Free Zone company is a straightforward process. Here is a step-by-step guide:
THE BENEFITS AND THE ADVANTAGES OF SETTING UP A COMPANY IN FREEZONE
- Quick and easy company formation
- Adding mix/multiple business activities
- 100% exemption from import and export tariffs.
- More than 3 to 5 number of shareholders
- 100% ownership of business
- Virtual office location preferred
- 100% repatriation of profit and capital
GUIDANCE WITH OJO FOR YOUR FREE ZONE LICENSE
OJO is a trusted corporate services provider based in Dubai, UAE. We’ve been assisting people with free zone companies’ setup for over 10+ years and have made a name as a trustworthy source of guidance and assistance for anyone planning to start a business in the UAE market. Some of the experts and knowledgeable individuals in the business setup industry make up our OJO team. We are experts in setting up all different types of businesses, including offshore companies, free zones, and mainland company registration. Given that the professionals in OJO are fully aware of the legal and regulatory landscape in the UAE, they can offer personalised services to clients from various sectors of the industry. We have established a strong reputation for providing clients from all around the world with outstanding outcomes. OJO takes great pride in being one of the most reliable and effective company formation agents in Dubai and offers amazing customer service. You can relax knowing you’re in excellent hands with OJO on your side.
Frequently Asked Questions
Yes, Freezone companies can sponsor employees for residency visas.
Benefits include 100% foreign ownership, tax exemptions, no import/export duties, and simplified company registration.
Over 40 Freezones across the UAE, each catering to specific industries.
A Freezone Authority is the governing body overseeing operations and regulations within a specific Freezone.
Yes, Freezone companies can conduct international trade without any restrictions.
Yes, Freezone companies can open bank accounts within the UAE for business transactions.