Free Zones Company Formation
Free Zones Company Formation: UAE Free Zones are those determined geographical areas where UAE mainland taxes, certain employment and import-export restrictions do not apply. Lowered bureaucratic requirements also make them a desired destination for setting up ones’ business. There are nearly half a century or more free zones situated in each Emirate in the UAE and thus in setting up your free zone company, registration must be done before the concerned free zone authority.
As iterate above there are free zones established and situated in each emirate and accordingly you can establish your company in the free zone of your choice and in the emirates, you desire to do so bearing in mind the nature of business you seek to carry out.
Free zones company formation is the second-best zone to set up your business in the UAE. The United Arab Emirates is one of the most business-friendly nations globally, especially foreign nationals. Setting up a company in free zones offers many advantages. Some of them being there is no minimum capital requirement for the company formation. Unlike mainland companies requiring a UAE national to partner or agent, free zone licenses can be owned entirely by the foreign national.
The free zones company can open bank accounts in the UAE, have to pay no income tax, can import and re-export goods without any customs duty and will also be exempted from corporate tax. We, at Munshi Atik, will help you set up your company in the free zone seamlessly and without any hassles.
UAE Free Zones Company Formation are the designated areas in UAE, where the expatriates can fully own and operate their business. Free Zones Company Formation in UAE is a prospective business investment for expatriates from all over the world.
The Free Zones Company Formation of UAE has become the major trading hub of the region due to the business support initiatives offered by the UAE Government and the Free Zone Authorities. Anyone can set up a Free Zone Company in UAE in a hassle-free way with affordable company registration fee.
Most notable Free Zones in UAE include the following:
JEBEL ALI FREE ZONE AUTHORITY (JAFZA)-
JAFZA is one of the largest free zones in the world. It is a hugely popular jurisdiction to carry on trade and logistics as well as set up industries. This free zone single handedly contributes approximately to twenty three percent (23%) of the FDI (Foreign Direct Investment) in UAE.
DUBAI AIRPORT FREE ZONE (DAFZ)-
Located next to the Dubai International Airport, this free zone enables connectivity of people from Europe, Asia as well as people of the far east. There are over thousand eight hundred (1800) entities set up with this free zone, with numbers rising each day. It is a pretty well-regulated free zone with plenty of tax exemptions provided to investors in this free zone.
DUBAI MULTI COMMODITIES CENTRE (DMCC)-
Most certainly among the most liked free zones, not only in UAE but also across the globe, this free zone has been awarded the ‘Global Free Zone of the Year’ for seven (07) times by the Financial Times FDI magazine and continues to set standards for its peers across the globe. The activities include trading in gold, precious stones, base metals, crypto as well as providing world class financial services, support and expertise.
DUBAI SOUTH-
Home to Al Maktoum International Airport, the largest airport in the world, this free zone is known for being host to a few other notable landmarks, being organizing the Dubai Airshow, among a few. It is strategically located providing investors connectivity to both seaports as well as the airports and is considered an ideal location for set up business activities.
DUBAI INTERNATION FINANCIAL CENTRE (DIFC)-
Free Zones Company Formation: This free zone is a distinguished financial free zone having its own rules, regulations, legal framework, and regulated regulators internationally recognized. This free zone is a home to numerous financial service institutions as well as wealth fund and private investors. The most distinct feature of this free zone is that it offers its clients a fifty (50) year guarantee of zero (0) taxes on corporate income and profits, duly complemented by the Double Tax Treaty Program adopted by the UAE.
DUBAI WORLD TRADE CENTRE (DWTC)-
This free zone is known for organizing various events, exhibitions, seminars and conferences to enable its customers to carry on its business functions. This free zone helps gathering and connecting people with similar mindset from all over the globe through their state-of-the-art events, international trade fairs, exhibitions, seminars, consumer shows and international conferences.
DUBAI SILICON OASIS (DSOA)-
This free zone situated next to the Academic City, Dubai, has a state-of-the-art park and is one of the few free zones where one could work as well as reside.
DUBAI MARITIME CITY (DMC)-
This was the first free zone of its kind in the entire world in the maritime industry. A two hundred and forty-nine (249) hectare free zone, it is located between Dubai’s Dry-Docks World and the famed Port Rashid. This free zone was established with an intention capitalize the country’s strengths and position as a global maritime hub to create a dynamic urban lifestyle for maritime community.
DUBAI HEALTHCARE CITY (DHCA)-
The world’s largest free zone, the DHCA is a home to a large number of health care institutions which goes by the saying that “when one falls sick, it is he who cares”. It is considered a one stop solution for healthcare providers, pharmaceutical companies well as other people engaged and rendering services in the health-care industry.
DUBAI CAR AND AUTOMOTIVE CITY FREE ZONE (DUCAMZ)-
Established in the year 2000, this free zone was aimed to re-export second hand or used
vehicles to the African and Asian markets. Located in Ras Al Khor, this free zone is also known by the term ‘DUCAMZ’ and has easy and convenient access to both airports as well as seaports, connecting the Jebel Ali Port and the Dubai International Airport. With a total size of approximately eight million (8,000,000) square feet, this is the largest free zone of its kind in the world. They provide adequate and effective infrastructure to meet the demands of the automotive industry as well as measures to relocate cars outside the UAE.
DUBAI INTERNET CITY (DIC)-
Serving as a technology hub, this free zone was created and established in the UAE with an aim of serving as an economic zone for emerging markets. Innovations and people with innovative ideas are best served in this free zone and as such there are over a thousand (1000) entities incorporated in this free zone.
DUBAI LOGISTICS CITY-
The world’s first aerotropolis, this free zone was establishment with an intention to develop and promote logistics in the UAE. Also known as Dubai World Central, is situated opposite Jebel Ali seaport covering an area of 140 sq. km.
DUBAI OUTSOURCE ZONE (DOZ)-
A free zone established if one wishes to outsource business, it provides a multicultural environment by owning an employment of 150+ nationalities specializing in operations pertaining to Information Technology, Human Resources, call centre operations and back-office support.
DUBIOTEC-
Established in 2005 with an intention of creating the largest and biggest life sciences
cluster in the middle eastern region, this free zone is a home to over three hundred and fifty (350) establishments, ranging from multi-national companies to small and medium scale establishments employing well over three thousand six hundred (3600) people. Addressed in Al Barsha South, this free zone is the region’s first science-focused business community, created to position UAE as an ideal destination for research and development, prototyping, creativity and innovation in areas of human, plant, material, environmental and energy sciences.
DUBAI STUDIO CITY-
A business society for film and television production, this free zone is a host to more than two hundred and seventy (270) companies and engaging well over two thousand and five hundred (2500) people. This free zone is considered a collaborative media production hub that not only serves as a catalyst for innovation-led media production but also serves as a destination for lifestyle and entertainment.
DUBAI MEDIA CITY-
A home to a host of start-ups, freelancers, small and medium scale establishments as well as large enterprises this free zone is also called as “The capital of Arab Media 2020” for its contributions to the media sector.
DUBAI KNOWLEDGE VILLLAGE-
Also known as KV or DKV, this free zone was established for the purpose of focusing on promotion of educational institutions. Right from providing educational services to providing adequate and appropriate training to institutes, everything falls under this place. Some of the world-renowned universities have their branch in this free zone.
DUBAI DESIGN DISTRICT-
A source of encouragement for young and budding talents, this free zone is a specifically designated home to artists, designers and creative thinkers.
DUBAI GOLD AND DIAMOND PARK-
A relatively known concept “Dubai Gold”, and thus an institution was formed for promotion of such purposes. This free zone oversees and manages big buildings selling jewelry designed and created from some of the world’s finest jewelry, diamonds, gemstones, precious stones and metals such as gold, silver, platinum which draws high-end personal accessories to residents and tourists.
DUBAI TECHNO PARK-
An information technology park, this free zone was established in 2002 with an intention to bring an advancement to the technological development for commercial zones in the UAE.
This free zone to aplenty multi-national entities carrying on their respective business in the field of innovation, technology as well as tech-research.
ABU DHABI GLOBAL MARKET (ADGM)-
A free zone that operates in a business-friendly environment keeping in line with the international best practices, the ADGM is an international financial centre, widely recognized by financial centres around the globe, having three independent authorities, they are being, Registration Authority (RA), Financial Services Regulatory Authority (FSRA) and ADGM Courts.
ABU DHABI AIRPORT FREE ZONE (ADAFZ)-
A free zone whose jurisdiction spreads over more than 10.6 km2 around the Abu Dhabi International Airport, ADAFZ is an efficient amalgamation of logistic parks, business parks, business centres and is a one stop shop for varied solutions.
KHALIFA INDUSTRIAL ZONE ABU DHABI (KIZAD)-
A free zone providing an array of business activities including manufacturing, logistics, trade and distribution, KIZAD assists investors in setting up business in accordance with the nature of their requirements.
TWOFOUR54-
An extremely creative and one of the world’s fastest growing free zones, TwoFour54 is a home to a variety of media houses and provides such media houses with elite level infrastructure and services.
HAMRIYAH FREE ZONE (HFZ)-
The second largest free zone after the Jebel Ali Free Zone, HFZ was founded in the year 1987, and has since grown rapidly being home to a few reputed local, national as well international companies.
SHARJAH AIRPORT INTERNATIONAL FREE ZONE (SAIF ZONE)-
A free known for providing some of the most attractive and enticing business incentives in the UAE, including the rate of providing services along with process simplicity, Saif Zone cater industries pertaining to manufacturing, assembling, packaging, import, exports in addition to other value-added services.
SHARJAH MEDIA CITY FREE ZONE (SHAMS)-
Though it is referred to as a media city free zone, the list of activities being rendered include
trading, professional services in addition to over a hundred other activities.
SHARJAH PUBLISHING CITY FREE ZONE (SPC FREE ZONE)-
A free zone dedicated exclusively for the publishing and printing industry, the SPC Free Zone, is one stop shop where one write, design, publish, print, store, and distribute-locally and worldwide-all from one single, purpose-built, state of the art facility.
AJMAN FREE ZONES COMPANY FORMATION-
A free zone that provides services ranging from food and beverage, health and beauty,
agriculture, construction and education, the Ajman Free Zone provides state-of-the-art warehouses, located in close proximity to Ajman Port and Customs ensuring easy inward and outward movement of customers’ products and transport.
AJMAN MEDIA CITY FREE ZONES COMPANY FORMATION-
This free zone is another free zone catering to media related needs. It is the latest free zone
formed with an aspiration to create a dependable, harmonious and a professional environment for businesses and individuals alike.
RAK MARITIME CITY FREE ZONE AUTHORITY (RMCFZA)-
A free zone that provides a combination of the best international port facilities along with efficient business advantages, the RMCFZA provides cost efficient, secure, transparent and customized business solutions with efficient tax benefits.
RAS AL KHAIMAH ECONOMIC ZONE (RAKEZ)-
A free zone located in the heart of Ras Al Khaimah, is a home to numerous business houses, possessing business parks, industrial parks, technology parks and academic zone. RAKEZ is
known for assisting entrepreneurs in setting up and establishing their business in the UAE as well as start-ups and small & medium scale enterprises.
RAS AL KHAIMAH MEDIA FREE ZONE-
A free zones company formation launched in the year 2006, the Ras Al Khaimah Media Free Zone is a leading entertainment hub for all the companies that have operations in the media industry. It is a free trade zone controlled by the Ras All Khaimah Free Trade Zone Authority. This free zone is known for providing world-class facilities, great business infrastructure, pre-built offices, and media-related business licenses.
FUJAIRAH FREE ZONE-
One of the oldest free zones in the world, the Fujairah Free Zone is situated adjacent to the Fujairah Port. Emphasis is laid on maritime and industrial activities. It further consists of companies engaged in heavy industrial and mining.
FUJAIRAH CREATIVE CITY-
the Fujairah Free Zone specializes in media, events, education, consulting, marketing and communication, design and technology, music and entertainment complementing existing media clusters in the region and facilitating further creativity in these fields.
INTERNATIONAL FREE ZONE AUTHORITY (IFZA)-
This free zones company formation serves as a platform for entities to optimize benefits and maximize profits. They assist clients in identifying the suitable free zone and further to choose activities that relate to their business requirements.
UMM AL QUWAIN FREE TRADE ZONE (UAQFTZ)-
An investor friendly free zone, the UAQFTZ provides a host of licenses, being, commercial, general trading, consultancy, freelance, etc.
Munshi Atik is a team of professional experts who can handle the complete assignment of Free Zone Company Registration in UAE. We act as a single-window solution for the investors to reduce the hassles of free zones company formation in UAE and get everything done the fastest possible way.
- Our team is proficient in successful execution of the company setup-related services.
- Setting up a UAE Freezone Company
- Obtaining a Trade License,
- Chamber of Commerce registration,
- Opening of Bank Account,
- Getting Director Visa under company and family visa,
- Arranging office staff, accounting services, and all requirements associated with the company.
Munshi Atik also acts as a Retainer Consultant for companies at a fixed fee agreeable between parties.
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Al Ameri Tower
Barsha Heights, Dubai
Office Q1-04/147C,
Saif Zone, Sharjah, UAE
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