How to Apply for Dubai Free zone License : Cost & Requirements

September 12, 2024
Dubai Free zone License
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Investors aiming to set up their business in the UAE can benefit from acquiring a free zone license in Dubai. With over 40 free zones across the Emirates and Dubai hosting the highest number, each zone is tailored to specific business activities and offers a range of advantages, including single-window administration and 100% business ownership. The UAE free zones attract significant foreign direct investment, with over 200,000 companies already established.

What is  Free Zone License?

A free zone license is an official authorization that allows businesses to operate within a designated free zone in Dubai. This essential document grants companies—ranging from small startups to large multinational corporations—the opportunity to leverage the unique advantages offered by free zones.

Types of Free Zone Licenses in Dubai, UAE

Dubai offers various free zone licenses tailored to different business needs. Investors can choose from the following types of licenses based on their company's requirements:

1. General Trading License

This license permits trading in a wide range of products, providing flexibility for businesses engaged in diverse trading activities.

2. Trading/Commercial License

Suitable for businesses involved in industrial, commercial, or consulting activities, this license allows for a specified period of operation, accommodating various business models.

3. Services License

Essential for service-oriented businesses such as law firms, accounting firms, and business consultancies, this license enables firms to provide professional services within the free zone.

4. Manufacturing License

Required for companies engaged in the production of goods, this license supports manufacturing activities and ensures compliance with relevant regulations.

5. Warehouse License

This license allows companies to lease warehouse facilities for the distribution, storage, and packaging of goods, facilitating efficient logistics and supply chain management.

6. Industrial License

Designed for businesses involved in importing raw materials, manufacturing products, and exporting finished goods globally, this license supports comprehensive industrial operations.

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Benefits of a Dubai Free Zone License

Establishing your business in a Dubai free zone offers a range of compelling advantages, making it an attractive option for investors. Here are the key benefits of obtaining a free zone license in Dubai:

1. 100% Foreign Ownership

Enjoy complete ownership of your business without the need for a local partner or sponsor.

2. Full Repatriation of Capital and Profits

Transfer all profits and capital abroad without restrictions, ensuring financial flexibility.

3. Tax Exemptions

Benefit from exemptions on various taxes, including corporate tax and VAT, subject to certain limitations.

4. Free Transfer of Funds

Transfer funds freely with no foreign exchange controls, enhancing financial operations.

5. Flexi-Office Space Options

Access flexible office space solutions tailored to your business needs, including options for small or large enterprises.

6. Exemption from Import/Export Charges

Avoid import and export duties, reducing operational costs and facilitating smoother trade operations.

7. Streamlined Start-Up and Licensing Procedure

Experience a simplified and efficient process for starting up and obtaining your license.

8. Access to Industry Clustering and Purpose-Built Infrastructure

Leverage specialized infrastructure and industry clusters designed to support your business sector.

9. Liberal Government Policies

Benefit from supportive and business-friendly policies and legal frameworks that promote entrepreneurial success.

10. Easy Sponsorship and Visa Process

Navigate a straightforward sponsorship and visa process, making it easier to manage your workforce and establish your business.

Steps to Obtain Dubai Free Zone License in Dubai, UAE

Dubai is home to some of the world's most advanced free zone structures, catering to a wide range of business needs. Notable free zones include the International Free Zone Authority (IFZA), ideal for Small & Medium Enterprises (SMEs), and the Jebel Ali Free Zone Authority (JAFZA), which boasts the largest port in the region, making it perfect for international trade.

To secure a free zone license in Dubai at an affordable cost, follow these steps:

1. Choose Your Preferred Business Structure

Dubai offers a wide range of business activities. Free zone companies can select multiple activities under one license. The cost of your free zone license will vary depending on the number of commercial activities you choose.

2. Finalize Your Trade Name

The UAE has specific regulations regarding business names. Your company name must avoid offensive terms, religious references, or names associated with well-known public organizations. To ensure compliance with these regulations, consider engaging a trusted company formation firm.

3. Application & Document Submission

Setting up a business in Dubai free zones is typically straightforward. You will need to submit standard documents such as a completed application form, passport copies of the shareholder, and contact information. Some free zones may also request a business plan. To avoid delays or errors, consider working with company formation specialists like RadiantBiz to handle your paperwork.

4. License Issuance & Corporate Account Setup

After receiving pre-approval, proceed with registering your business and obtaining your Dubai free zone license. With your license and corporate documents in hand, you can open a corporate bank account and commence business operations. Additionally, you will receive your UAE residency visa from the free zone where your company is established.

What is the cost of getting Dubai free zone license?

Dubai, the city of the future, presents countless business opportunities. With its rapid development, strategic location, and secure business environment, it offers a compelling setting for entrepreneurs. Additionally, expats in the UAE benefit from a liberal tax system, cutting-edge infrastructure, advanced technology, and a skilled workforce.

Partnering with RadiantBiz gives you access to competitive pricing for obtaining a Dubai free zone license. With our strategic alliances with some of Dubai’s premier free zones, you can secure your license for as low as AED 12,900*.

Book a free consultation with our free zone experts today and enjoy added benefits, including:

  • Free Tax and VAT Consultancy: Get expert advice on navigating tax regulations.
  • Discount on Long-Term Licenses: Save more with special discounts on extended licenses.
  • Dedicated Account Manager: Benefit from personalized support throughout the process.

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