Free zone License in dubai
A Free zone License in dubai is the first step for investors who want to set up shop in the United Arab Emirates. The Emirates contain more than forty free zones, with Dubai having the most.
In actuality, there are currently over 200,000 and growing foreign direct investments in UAE-free zones.
Free zone License in dubai
Easy business travel into and out of the United Arab Emirates, safe banking facilities, copious government backing, excellent infrastructure, advantageous access to the Middle East and North Africa, and much more are all made possible by a Free zone License in dubai. The fundamental prerequisites are the same for all free zones despite the fact that they cater to distinct areas of interest and vary widely in terms of company formation expenses, documentation requirements, etc. Undoubtedly, there isn’t a finer place for entrepreneurs looking to expand their businesses internationally.
How to Obtain a Free Zone License in Dubai, UAE
Choose your preferred business structure
There is a wide range of commercial activity available in Dubai. Free zone businesses can also choose numerous activities under a single license. As a result, the cost of a Free zone License in dubai depends on how many business activities you select.
Choose a trade name.
There are rules in the United Arab Emirates regarding company names. Specifically, companies are not allowed to choose derogatory names, allude to religion, or mention well-known institutions. For optimal legal compliance, it is best to work with reputable company formation companies.
Application and document submission
Free zone License in dubai setting up a business is simple and easy. The majority of free zones have standard paperwork requirements, including properly completed application forms, copies of shareholder passports, contact details, etc. On rare occasions, nevertheless, certain free zones could additionally demand that you present a business plan.
License notification & corporate account formation
The last stage is to register your business and obtain your Dubai free zone license after the pre-approval is approved. Companies can then open corporate bank accounts and begin company activities with your corporation paperwork and license. The free zone where your business is located will also grant you a visa for residency in the United Arab Emirates.
Cheapest Free Zone License in dubai
Due to the many advantages they provide, free zones are growing in popularity among investors. It is essential to review the details of their base of operations and advantages before choosing the least expensive free zone in the United Arab Emirates in 2024.
These are the top 4 cheapest free zones in Dubai, which are also reasonably priced and provide comparable economic advantages to other free zones.
International Free Zone Authority (IFZA)
One of the competitive free zones in the United Arab Emirates is IFZA, which is situated in Dubai’s Silicon Oasis Area. It provides a wide selection of the most affordable free zone business setup options available in the United Arab Emirates. The Dubai Department of Economic Development determines the scope of business operations permitted in this free zone. A license may be used for a maximum of seven different activities. The following license categories are available in the IFZA free zone:
- Trading
- Consulting
- Services
Ras Al Khaimah free zone (RAKEZ)
RAKEZ is another jurisdiction that provides one of the most affordable free zone licenses in the UAE in 2024. Currently, over 14,000 businesses operating in more than 50 specialized areas are housed in this free zone. This free zone presents a profitable opportunity for prospective enterprises due to its proximity to the seaport and RAK airport.
It is quick and inexpensive to set up a business. It is possible to start a firm in a week. At AED 5,750* to AED 30,000, the business setup packages are the most affordable free zone license available in the United Arab Emirates at the moment.
Ajman Media City (AMC)
Ajman Media City is a new investment location in the UAE that offers a very rapid and easy company establishment process. This free zone’s accessible and affordable services draw in firms from all over the world. AMC includes a broad range of entertainment and media-related activities.
Ajman free zone license cost
The typical cost of an Ajman Media Free zone firm is approximately AED 8,000 (all inclusive), while the cost of an Ajman Free zone would be AED 25,000 (all inclusive). This could change according to how many visas you need, how much space you rent, and what kind of business you choose to run.
Abu Dhabi free zone license cost
The capital requirement is AED 5,000, and the registration fee is AED 7,500, with licensing fees ranging from AED 15,000 to AED 50,000, depending on the business structure and scale of operations
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Benefits of Dubai Free Zone License
- Foreigners own 100% of the company
- Complete repatriation of earnings and capital
- Exemption from all taxes, subject to restrictions
- Unrestricted money transfers; no limitations on foreign exchange
- There is a flexible office space option.
- Absence of import/export fees
- Simple licensing and startup procedures
- Access to specialized industrial clustering and specially constructed infrastructure
- Liberal laws and government regulations
- Sponsorship and immigration procedures are simple and uncomplicated.
- Several of Dubai's top free zones are strategic partners of Icons Business Setup. A Dubai-free zone license can be obtained for as little as AED 17,900* when you work with us. Get additional benefits by scheduling a free consultation with one of our free zone experts now.
Frequently Asked Questions (FAQs)
Companies can operate within a designated economic zone in Dubai with a free zone license, which offers advantages such as easier import/export procedures, tax exemptions, and 100% foreign ownership.
Icon Business Setup provides full-service assistance, helping you with every step of the process of getting a Dubai Free Zone license—from the first consultation to the filing of papers and license issuance.
Benefits of free zone licenses include complete foreign ownership, no company or personal taxes, 100% capital and profit repatriation, and expedited administrative procedures.
The majority of Free zones demand real office space. You can locate acceptable office solutions that satisfy the Free Zone’s requirements with the use of an icon business setup.