Freezone Company
What is a Free Zone Company?
Free zones, also known as free trade zones, are unique locations in Dubai that offer international investors tax and customs advantages. The goal of creating free zones was to attract foreign investment and promote industrial expansion. They are distinct entities that are not subject to UAE labour laws. Companies based in free zones have their own set of rules and regulations, and they do not require a local sponsor to start up, and they can be 100% owned by people of non-Emirati or GCC nations.
Setting up an offshore company has numerous benefits for your business, including increased flexibility in terms of increasing your company’s international footprint. The following are some advantages of forming an offshore business in Dubai:
- A free zone company license grants you 100 percent ownership of your company, or complete control over your operations.
- A Dubai free zone company license allows you to repatriate 100% of your money and revenues.
- Import and export duties are waived.
- In most circumstances, there is no tax on company earnings or personal income.
- There are no restrictions on the use of currencies.
- Workplace with low costs and a pleasant atmosphere
- Offices, factories, and warehouses that are already built
- Procedures for setup and licensing are simple and inexpensive.
- Customs clearance through a single window
- Low-cost energy is available.
Dubai’s Major Free Zones
Investors in Dubai have a variety of free zones to select from, each with its own set of benefits that make it a distinct investment opportunity. The benefits and terms provided by each of these free zones vary, making a difference for the company, depending on its activity and the type of its trade and transactions. Before launching a firm, it is beneficial for an investor to seek expert assistance to determine which zone best suits their business activity. In addition to completing the registration requirements, our skilled staff at Net Express can give the essential help and useful advice during the planning stage of founding a company.`
- Dubai Internet City (DIC)
- Dubai Silicon Oasis Authority (DSOA)
- Dubai World Central (DWC)
- Dubai Airport Freezone Authority (DAFZA)
- Dubai Healthcare City (DHCC)
- Dubai World Trade Center (DWTC)
- Knowledge Village (DKP)
- Dubai Multi Commodities Center (DMCC)
- Dubai International Financial Center (DIFC)
Dubai Internet City (DIC)
It is a free economic zone and a strategic base for companies, as it hosts the Majid bin Mohammed Center for Creativity to promote entrepreneurship and technical innovation to accelerate the development of new start-up companies. It was established by the Government of Dubai in 1999 on the orders of Sheikh Mohammed bin Rashid Al Maktoum. Furthermore, it is one of the largest information and communication technology hubs in the Middle East and is considered a free economic zone and a strategic base for companies as it hosts the Majid bin Mohammed Center for
The advantages of starting a DIC Company:
- The DIC offers a vibrant and innovative work atmosphere.
- It is a key hub for international technological businesses. Facebook, HP, and Intel are just a few examples.
- The bulk of Dubai’s economic sectors, including transportation, retail, hotel, construction, industry, and mining, use Dubai Internet City’s telecommunications services.
- DIC helps business partners thrive through financing a variety of economic and commercial initiatives, as well as cooperating with them by funding great thinkers in the community.
- Except for licensing restrictions, all laws in the Emirate of Dubai apply to Dubai Internet City. Because DIC is a free zone, it is not subject to customs restrictions imposed on the UAE’s borders, there is no requirement for a local partner when starting a corporation.
Dubai Silicon Oasis (DSOA)
The Dubai Silicon Oasis was founded in 2005 with the goal of strengthening and boosting modern technology-based industries. The Dubai Silicon Oasis is home to the Dubai Digital Park and the Dubai Technology Entrepreneurship Center, the Middle East’s largest entrepreneurship hub. More than 850 firms and 2,500 entrepreneurs from 72 countries call Dubai Silicon Oasis home.
The advantages of starting a DSOA company:
- There is no personal income tax if you own 100 percent of the company.
- Import and export are both duty-free.
- Operating costs are low.
- Intellectual property legislation is very strict.
- Facilities for advanced industrial, residential, and commercial use
- Photovoltaic cells, nanotechnology, electronics, and other supporting industries are well-known for their world-class innovation, design, and development.
Dubai World Central (DWC)
The free zone of Dubai World Central – Dubai South is a section of Dubai’s new Al Maktoum Airport. Despite its newness, the free zone at Dubai World Central (Business Park) is attracting a huge number of investors due to the benefits and services it provides. In terms of licensing procedures, renting buildings, and actual business activity, DWC offers Attractive and Encouraging Investment Advantages.
DWC offers five different types of licenses that cover a wide range of commercial activities:
- Services
- Trading
- Logistics
- Industrial
Advantages of owning a DWC license:
- Possibility of having up to three activities under one license that are all in the same category.
- Eligibility to sell products through a local agent in the UAE market.
- Accessibility to Abu Dhabi and Dubai is simple.
- The Al Maktoum International Airport is close by.
- Licensing and visa authority on-site
- Lease conditions that are flexible
- Facilities for storing goods
- Offices that are ready to use
International Freezone Authority (IFZA)
Strategically situated within one of the UAE’s dynamic business gateways, IFZA Dubai is a leading free zone that provides local and international businesses the ideal platforms, infrastructure and location that optimize the benefits of the UAE’s geographic position, world-class infrastructure and business- and tax-friendly environments.
Benefits of IFZA License:
- 100% ownership of commercial enterprises
- 100% repatriation of capital and profit
- 100% import and export tax exemptions
- No personal income tax
- A safe and business-friendly legal framework for Licensees
- Full flexibility for IFZA license upgrades or downgrades
- IFZA licenses can accommodate a flexible number of visas, subject to authority approval
- Residency visas are valid for 3 years
- Residency visas available to shareholders and employees
Dubai Airport Freezone (DAFZA)
Established in 1996, the Dubai Airport Free Zone (DAFZA) is one of the UAE’s fastest-growing free zones. In the Dubai Airport Free Zone, about 1,800 businesses are registered and operating (DAFZA). The majority of these businesses are subsidiaries of foreign corporations or are owned by overseas investors.
What services does DAFZA provide to investors?
- World-class infrastructure
- Strategically located in the heart of Dubai and close to one of the world’s busiest airports
- Incentives for investors that are tax-free
Dubai Healthcare City (DHCC)
The Dubai Healthcare City Free Zone was founded in 2002 and has since grown to become one of the country’s fastest-growing free zones. The development of the DHCC was a decision made by the Dubai government with the goal of creating the world’s largest free zone for health care and welfare, where the Mohammed Bin Rashid University of Medicine and Health Sciences, one of the world’s most renowned institutions, works.
- The Dubai Healthcare Authority is in charge of overseeing and regulating the DHCC free zone.
- The Dubai Healthcare Authority is in charge of regulating the profession and issuing licenses to healthcare service providers and professionals.
- The Dubai Healthcare Authority is in charge of ensuring that services are of high quality and follow the best worldwide practices.
- The International Society for Quality in Health Care has validated its quality standards (ESCWA).
- Nearly 160 accredited healthcare facilities, including hospitals, clinics, medical centers, and diagnostic laboratories, are located in Dubai Healthcare City.
Dubai World Trade Center (DWTC)
The Dubai World Trade Center is a prominent event and economic center in the United Arab Emirates. The Dubai World Trade Center is in the primary commercial and financial center, near Sheikh Zayed Road. It’s a bustling neighbourhood with a mix of business enterprises, residential properties, commercial spaces, and administrative buildings. The Trade Center Tower, Novotel and Ibis hotels, and the Dubai International Convention and Exhibition Center are just a few of the famous features in The Dubai World Trade Center.
The Dubai World Trade Center Authority Free Zone offers a variety of advantages to businesses, including:
- Strategic location
- A strong legal structure
- A Diverse property portfolio
- A one-of-a-kind environment enabling businesses to compete more successfully on a regional and global scale.
- A professional team at the Dubai World Trade Center (DWTC) provides integrated and seamless assistance to potential members.
- Dubai World Trade Center Authority Free Zone allows companies to establish permanent representative offices within the free zones
Knowledge Village (DKP)
It is a center for the development of human resources and high-quality education. Dubai Knowledge Village’s campus covers one square kilometer and houses vocational training centers and educational support centers for a variety of scientific subjects. This thriving knowledge society was formed as part of a long-term strategy plan to establish and grow a center to attract talent to the region and to help accelerate the region’s transition to a knowledge-based economy.
- Only free zone in the world dedicated to human resource management and educational excellence
- The Dubai Knowledge Group (DKP) intends to expand the region’s talent pool and transform the UAE into a knowledge-based economy.
- DKP students obtain certificates from the highest levels of the company’s first-rate business partners.
Dubai International Financial Center (DIFC)
The Dubai International Financial Center (DIFC) was founded in 2004 to serve as a financial hub for the Middle East, Africa, and South Asia. The DIFC benefits from a global regulatory and financial exchange system, as well as a tax-friendly environment and a thriving corporate community. Hundreds of financial organizations, including wealth funds and private investors, call the region home. Multinational corporations, retail outlets, cafes and restaurants, residential areas, public green spaces, hotels, and art galleries are all located there.
The benefits of holding a business license in the DIFC
With over 2,000 active registered enterprises, the center contains the region’s largest financial ecosystem.DIFC is home to a diverse range of retail outlets, world-famous restaurants, a thriving art and cultural scene, as well as residential apartments, hotels, and public spaces.DIFC serves as a link between the region’s rapidly expanding markets and the economies of Asia, Europe, and the Americas via Dubai.
Dubai Multi Commodities Center (DMCC)
Dubai Multi Commodities Center (DMCC) is the world’s first free zone and global commodity trading center, located in the heart of Dubai, in the JLT district. DIFC provides people with the resources they need to live, work, and prosper. DMCC has everything you need to start, grow, and expand your business. DIFC is home to a lively community, innovative infrastructure, world-class services, and incredible real estate opportunities, and has been named “World’s Free Zone of the Year” by FDI magazine for the seventh year in a row.
Benefits that make DIFC an excellent place to invest and live include:
- Business and high-tech commercial and residential real estate, goods and services, financial and residential real estate are all available in this free zone.
- DMCC is now the worldwide hub for over 15,000 enterprises operating in a variety of industries and sectors, including agriculture, energy, and financial services, as well as diamonds, gold, and base metals.
- Your DMCC membership grants you access to a variety of unrivalled trading advantages, including direct access to Dubai’s, the UAE’s, and the world’s major commodity markets.
- Various types of business operations are permitted.
