Freezone Company Formation in Dubai

What Is A Free Zone Company?

Dubai’s free zones, often known as free trade zones, are designated regions that grant international investors tax and customs advantages. In order to foster industrial expansion and attract international investments, free zones were developed. They are distinct entities not subject to UAE labour legislation. Free zone companies are governed by their own set of legislation, do not require a local sponsor for formation, and may be owned in their entirety by non-Emirati or GCC nationals.

Advantages of establishing a free zone company in Dubai:

A free zone company licence in Dubai grants the holder absolute control over the business, or one hundred percent ownership.
A Dubai free zone firm licence permits the repatriation of revenues and capital in their whole.
Duty exemption for imports and exports
Personal income and corporate profits are typically exempt from taxation.
There are no limits regarding the use of cash.
Attractive and inexpensive working environment
Warehouses, factories, and prefabricated offices
Rapid and affordable licencing and setup procedures
One portal for the passage of customs
Energy is inexpensive to get.

Main Free Zones in Dubai

Dubai provides investors with a plethora of free zones, each of which presents a distinct array of benefits that render it an exceptional investment prospect. The distinctions in the terms and benefits bestowed by each of these free zones have an impact on the organisation contingent upon its operations and the characteristics of its transactions and commerce. It is advisable for the investor to get professional guidance in order to determine the optimal zone for their business operations prior to commencing the establishment of their organisation. In addition to completing the registration procedures, our knowledgeable staff at Meddy Group of Companies can offer the essential guidance and support required during the business formation planning phase.

Free zones in Dubai are:

Dubai Internet City (DIC)
Dubai Silicon Oasis (DSOA)
Dubai World Central (DWC)
Dubai Airport Free Zone (DAFZA)
Dubai Healthcare City (DHCC)
Dubai World Trade Center (DWTC)
Dubai Knowledge Village (DKP)
Dubai International Financial Center (DIFC)
Dubai Multi Commodities Center (DMCC)

Dubai Internet City (DIC)

As one of the largest information and communication technology hubs in the Middle East, it was designated by Sheikh Mohammed bin Rashid Al Maktoum as an information technology Free Zone by the Government of Dubai in 1999. It is also a free economic zone and a strategic base for businesses, as it houses the Majid bin Mohammed Center for Creativity, which encourages entrepreneurship and technical innovation to accelerate the development of new start-up companies.

Benefits of Setting Up a DIC Company

DIC fosters a creative and dynamic atmosphere.
It is a prominent hub for multinational technological corporations. For instance, Facebook, Intel, and HP.
Dubai Internet City supplies the bulk of Dubai’s economic sectors, including transportation, retail, hospitality, construction, industrial, and mining, with telecommunications services.
DIC offers corporate partners avenues for expansion by supporting a variety of commercial and economic initiatives and by cooperating with them on the sponsorship of influential community thinkers.
Everything in the Emirate of Dubai that is not pertaining to licensing rules applies to Dubai Internet City. Establishing a corporation in DIC does not necessitate a local partner, as the region is classified as a free zone and is exempt from customs regulations that are in effect at the United Arab Emirates’ borders.

Dubai Silicon Oasis (DSOA)

Dubai Silicon Oasis was founded in 2005 with the intention of fostering and advancing technology-based enterprises. The Dubai Silicon Oasis accommodates the Dubai Digital Park and the largest entrepreneurship hub in the Middle East, the Dubai Technology Entrepreneurship Center. From 72 countries, over 850 firms and 2,500 entrepreneurs call Dubai Silicon Oasis home.

Benefits of Setting Up a DSOA Company

Locational advantage in Dubai.
The absolute ownership
Non-personal tax on income.
Free import and export duties.
Low operating expenses
Strict laws governing intellectual property.
Innovative commercial, residential, and industrial structures.
Prominent for its design and development endeavours, as well as its exceptional reputation in solar cells, nanotechnology, electronics, and several ancillary sectors.

Dubai World Central (DWC)

The free zone located in Dubai World Central – Dubai South is an integral component of the newly constructed Al Maktoum Airport in Dubai. Despite its early inception, the free zone in Dubai World Central (Business Park) is attracting a significant number of investors on account of the perks and amenities it provides. DWC provides favourable and motivating investment benefits with regard to leasing facilities, conducting business operations, and licensing procedures.

DWC offers a wide range of business activities under 5 broad types of licences:

Services
Trading
Logistics
Industrial
Education

Having a company license in DWC gives investors many advantages, such as:

Licences may be held by a maximum of three enterprises in the same category.
Prerequisites for selling products via a local agency in the UAE market.
Accessibility to Abu Dhabi and Dubai via convenient connectivity.
The vicinity of Al Maktoum International Airport.
Visa and on-site licencing authority.
Flexible terms of leasing.
Warehouse infrastructure.

Dubai Airport Free Zone (DAFZA)

Established in 1996, the Dubai Airport Free Zone (DAFZA) is among the free zones in the UAE experiencing the most rapid expansion. Approximately 1,800 businesses are operational and registered in the Dubai Airport Free Zone (DAFZA). The majority of these organisations are subsidiaries of foreign firms or are owned by foreign investors.

What does DAFZA offer to investors?

Superior infrastructure
Strategic position near one of the world’s busiest airports and in the heart of
Dubai; tax-free incentives for investors
Lack of currency limitations

Dubai Healthcare City (DHCC)

Established in 2002, the Dubai Healthcare City Free Zone rapidly became one of the nation’s free zones with the most rapid expansion. The development of the DHCC was a decision of the Dubai government, which aspires to create the largest free zone for health care and welfare in the world, where one of the most renowned institutions, Mohammed Bin Rashid University of Medicine and Health Sciences, is located.
The Dubai Healthcare Authority oversees and regulates the DHCC free zone.
The Dubai Healthcare Authority is tasked with the regulation and issuance of licences to practise medicine to healthcare professionals and service providers.
It is the responsibility of the Dubai Healthcare Authority to ensure that the quality of services rendered adheres to the most stringent international standards.
It has received accreditation from the International Society for Quality in Health Care for its quality standards (ESCWA).
In the vicinity of 160 accredited healthcare facilities—hospitals, clinics, medical centres, and diagnostic laboratories—Dubai Healthcare City comprises.

Dubai World Trade Center (DWTC)

In the UAE, the Dubai World Trade Center serves as a central location for commercial and event-related activities. The Dubai World Trade Center is situated in the centre commercial and financial zone, in close proximity to Sheikh Zayed Road. The region is characterised by its dynamic atmosphere, encompassing a blend of residential structures, commercial establishments, and administrative hubs. The Dubai World Trade Center is home to several prominent structures, including the Trade Center Tower, the Novotel and Ibis hotels, the Dubai International Convention, and the Exhibition Centre.
The Dubai World Trade Center Authority Free Zone offers several advantages as an incentive for businesses, which comprise the following:
Ideal location
Robust legislative structure
A varied assortment of properties?
An exceptional setting that enables businesses to compete more efficiently on a regional and international scale.
The Dubai World Trade Center (DWTC) provides prospective members with integrated and seamless help from a team of experts.
Does the Dubai World Trade Center Authority Free Zone permit businesses to establish permanent representative offices in the burgeoning free zones?

Dubai Knowledge Village (DKP)

It is a centre for prestigious education and human resource development. Spanning an area of one square kilometre, the Dubai Knowledge Village campus houses educational support centres and vocational training facilities for a variety of scientific specialties.
As an integral component of a comprehensive strategic blueprint, this flourishing knowledge society was created with the intention of constructing and cultivating a hub that would draw in skilled individuals from the area and aid in the region’s progression towards a knowledge-driven economy.
The one and only free zone in the world that is committed to educational excellence and human resource management.
The objective of the Dubai Knowledge Group (DKP) is to cultivate regional talent and transform the United Arab Emirates into a knowledge-based economy.
Certificates of distinction are awarded to DKP students by the organisation’s preeminent business partners.
Dubai Knowledge Park offers adaptable solutions backed by a forward-thinking customer service staff.

Dubai International Financial Center (DIFC)

In 2004, Dubai International Financial Center (DIFC) was designated as the financial hub for the markets of South Asia, Africa, and the Middle East. A sizable corporate community, a tax-friendly structure, and a global regulatory and financial exchange system are all advantages of the DIFC. Hundreds of financial institutions, including individual investors and wealth funds, are located in this region. Additionally, residential areas, public green spaces, hotels, art galleries, and subsidiaries of multinational firms are situated inside its premises.

Advantages of having a company license in DIFC

The centre is home to the most extensive financial ecosystem in the region, comprising over 2,000 actively registered enterprises. Residential apartments, hotels, public spaces, world-famous restaurants, residential apartments, and residential and cultural scenes are all present in DIFC.

DIFC serves as a conduit connecting the burgeoning markets of the area with the economies of Asia, Europe, and the Americas through Dubai.

Dubai Multi Commodities Center (DMCC)

DIFC, situated in the JLT region in central Dubai, is the inaugural free zone and international hub for commodity trading. People are equipped with the means to live, work, and prosper through DIFC. DMCC provides everything required to launch, expand, and develop a business. Seven times named “World’s Free Zone of the Year” by FDI magazine, DIFC is renowned for its remarkable real estate opportunities, innovative infrastructure, and world-class services. Additionally, it is home to a thriving community.

Benefits that make DIFC a great opportunity for investment and living:

Free zone for financial and residential enterprises, cutting-edge commercial and residential real estate, and services.
Presently, DMCC serves as the worldwide centre for over 15,000 businesses working in areas and industries as diverse as financial services, agribusiness, energy, diamonds, gold, and base metals.
Your DMCC membership grants you access to all unmatched trading advantages that are directly linked to the world’s and Dubai’s largest commodity markets.
Diverse allowed commercial activity.
Serviced offices, flexi desks, and shared offices are all examples of adaptable workplace solutions.