Free zones in the UAE are strategically located across Emirates and Dubai to support business initiatives in the region and ensure businesses can benefit from the existing reputation of those locations. At Kurum Consultancy, we provide start-to-end services company setup in Dubai Free Zones.
Business Setup in DUBAI Free Zones gives you 100% ownership of your business. In addition to that, free zone areas let you enjoy several other advantages such as zero percent import and export taxation, privacy in your business, corporate tax exemption, and limited reporting obligations. As a result, a business setup in Dubai Free Zones is an appealing prospect for foreign investors.
As a leading business formation partner in the UAE, Kurum Consultancy provides end-to-end professional services for a company set up in Dubai Free zone. Our experts have an established repertoire in the industry, helping clients reduce hassle and cost when setting up a company in a Dubai Free Zone.
Activities Allowed In Dubai UAE Free Zones
Each free zone has its own sector preferences and its facilities, rules, regulations and etc. are formed accordingly. The nature of the business activity that you intend to carry out will have a big influence on selecting the Free Zone to meet your requirements. The principal Free Zones and their license activities include:
List Of Free Zones In UAE
Dubai Healthcare City (DHCC)
Fujairah Creative City (FCC)
International Free Zone Authority (IFZA)
Sharjah Airport Free Zone (SHAMS)
Ajman Free Zone Authority (AFZA)
RAK Free Zone (RAKEZ)
Meydan Free Zone
Dubai Multi Commodities Centre (DMCC)
Jebel Ali Free Zone (JAFZA)
Dubai International Financial Centre (DIFC)
Dubai South (DWC)
Dubai World Trade Center
Dubai Knowledge Park (DKP)
Dubai Internet City (DIC)
Dubai Media City (DMC)
Key Benefits of Dubai Free Zone Business Formation
100% Business Ownership (No Local Sponsor/Agent)
100% repatriation of capital and profits
100% corporate and personal income tax exemption
Absence of currency restrictions
Wide variety of licensable activities
Abundant and inexpensive energy
Modern, efficient communications
No customs duty on imports
Serviced desks and offices for SMEs and start-ups
Excellent support services
Basic Requirements To Establish A Free Zone Company In The UAE
Investors can either register a new company in the form of a Free Zone Establishment (FZE) or a Free Zone Company (FZC) – an FZE has one shareholder and an FZC has two or more – or simply establish a branch or representative office of their existing or parent company based within the UAE or abroad. An FZE or FZC is a limited liability company governed by the rules and regulations of the Free Zone in which it is established. The provisions of the UAE Commercial Companies Law (CCL) do not apply.
In order to begin the process of setting up a Free Zone Company, we will require the following documentation and due diligence from all shareholders/directors of the proposed new company:
Certified Passport Copy and UAE Visa/UAE entry stamp (if non-resident)
Proofs of Address (dated within 3 months)
Curriculum Vitae (summary of professional history)
Company Application Form (which we will provide)
Please note that some Free Zones may request a detailed business plan, depending on the business activity of the proposed new company. Kurum Consultancy has a variety of templates in order to assist you.
Once a legal presence has been established in a Free Zone, the business will need to lease a desk or office, or land and acquire an operating license from the FZA. Different types of licenses apply in the different types of the free zone. Companies with trade and industrial licenses can only conduct business within the Free Zone or abroad. To sell products in the UAE, a UAE official agent is required, and a joint venture needs to be formed.