Freezones

All About Free Zone

When deciding which free zone is most suited to your individual company needs, there is undoubtedly a great deal of information to analyze and factors to consider, such as location, pricing, business kind, communal or office space possibilities, auditing, taxation, and equity requirements, among others. That’s where the professionals at Emirates International come in; they’ll guide you through the process step by step, point you on the correct path, help you save money, and remove all your worries.

Benefits

Your business is 100% yours.
Profits and money repatriated 100%.
Multiple enterprises are allowed.
Corporate taxes are exempted.
The government will exempt your company from international trading taxes.

Requirements

Determine the Nature of Your Business

It is quite simple to establish a business in a free zone. Authorities in free zones demand minimal documentation and time. Determine the legal entity that your company will use. In a free zone, you can establish either a Free Zone Limited Liability Company (FZ LLC) or a Free Zone Company (FZ Co.), as well as a Free Zone Establishment (FZE). The distinctions are based on the number of shareholders and whether the shareholder is a natural or legal person. Some free zones may not allow both types of businesses to be registered. Check with individual free zone authorities to see what kind of businesses they can register.

Get Your Company Name Approved

Choose a trading name while choosing a legal entity for your firm. It would be best if you usually verified with the free zone authority or the Department of Economic Development concerning trade names and whether the chosen name has been registered. The FZ-LLC or branch cannot use “Abu Dhabi” or “United Arab Emirates.”DED must authorize the trade name; it must not offend public morality or order. The company’s legal form—LLC, FZE, DMCC, etc.—must follow the name. Make sure the name does not incorporate religion, government, or external body names or logos.

Time to Apply for Business License

Your company’s major line of operation should dictate the kind of business license you seek. You would need to submit an application for a license to disseminate in this scenario. Over 600 different types of businesses can be established in DMCC, spanning 20 different industries. These industries include: energy, commodities, gold and diamonds, technology, constructions, fast moving consumer goods, healthcare, aviation, shipping, education, media, professional services, financial services, and personal and community services.

Secure Your Perfect Office Space

The commercial real estate in free zones is available for purchase or lease. The number of workers and nature of your enterprise’s operations will determine the size and layout of your office. Flexible workspaces at Dubai Media City range in size from 20 to 30 square meters, 200 to 265 square meters, and even multiple floors with up to 2,000 square meters of office space.

Apply for Licenses and Get Approvals

Companies set up in free zones must follow the rules of each free zone. You need to apply with the right paperwork to get the required approvals. Documentation needs to change depending on the nature of the organization, the services it will provide, and the policies of the free zone. Here is a general outline of the steps and paperwork that need to be done to get approval. Getting that first green light is essential. You must send in a completed application form with a business plan, a copy of your current business license or registration certificate, a letter of consent from your current sponsor (if you are an individual), and many other documents.

Pay for Licenses and Registration

Following the confirmation of preliminary approval, you will be required to pay both registration and license costs. The prices are variable depending on the kind of license that is necessary.

Visa Process Can Begin Now

The authority will be responsible for drafting lease agreements. After that, a business license will be provided to you. The processing of visas will begin shortly. Take into consideration that certain activities could require permission from some outside authorities