Dubai is the land of opportunity for every business type and offers amazing benefits to foreign investors. The majority of investors prefer free zones for their business setup in Dubai Freezone as they are one of the most prosperous and business-friendly economic zones in the city. Moreover, the investors get a choice to choose among several free zones in Dubai that provide 100% ownership of the company along with many other exceptional benefits.
So, what do we mean by a free zone in Dubai? A free zone is one of the jurisdictions in the country that implies a commercial area where you can conduct business only in the designated free zones. What about the benefits? Well, free zones are extremely beneficial for new entrepreneurs or even the ones looking to expand their business setup in Dubai Freezone. Some of the benefits are a zero-tax system, 100% foreign ownership of the company, easy licence approvals, a quick corporate bank account, and many more.
The most popular free zones in Dubai
Let’s discuss the top cost-effective free zones for your Dubai Freezone company formation
1.DMCC (Dubai Multi Commodities Centre Free Zone)
DMCC is one of the leading and most preferred free zones in Dubai that has attracted a lot of businesses to the region. Freezone is a flagship commercial area with more than 21,000 registered businesses and is on the path to adding more to the list. It offers a strategic and vibrant location along with world-class infrastructure for your business. The major benefit of the DMCC free zone is that it allows you to conduct 6 business activities with a single licence.
It is one of the fastest growing free zones and promotes trade across a variety of products such as gold, diamond, precious metal, food, and industrial materials.
2.IFZA (International Free Zone Authority Dubai)
IFZA is another popular free zone in Dubai that has been offering cost-effective business setups to many foreign investors and start-ups. Furthermore, it offers a variety of business licences to entrepreneurs, including licences for consulting, services, e-commerce, general trading, and other commercial operations.
IFZA offers many benefits such as a hassle-free, quick setup, membership benefits, flexible visa residency packages, top-notch business spaces, and much more.
3.Meydan
Meydan Free Zone (MFZ) was established in 2009 to provide outstanding business facilities to entrepreneurs. It is located in the heart of Dubai and offers a premium location for your business. It is an ideal solution for freelancers and small businesses with ample benefits including complete foreign ownership, 100% corporate & income tax exclusion, 1500+ business activities, an easy business bank account in Dubai, and much more.
4.JAFZA (Jebel Ali Free Zone Authority)
Explore new business possibilities with JAFZA free zone in Dubai. This is another flagship free zone that offers great opportunities for e-commerce, logistics, oil & gas, food & agriculture, and petrochemicals, among 14 other industries. They have more than 8700 companies registered with them that enjoy an outstanding ecosystem. JAFZA free zone has close proximity to major airports such as Jebel Ali port and Al Maktoum International Airport.
5.DWC (Dubai World Central Free Zone)
DWC aka Dubai South Free Zone is another addition to our list of top cost-effective free zones in Dubai. It plans to support a huge number of businesses across many industries and create more than 499,999 jobs. You can get uncountable advantages with DWC such as complete ownership of the company, no taxes, 100% repatriation of capital & profits, strategic location, easy corporate banking solutions, etc. Speaking of the types of licences, you can apply for commercial, industrial, services, and education licences.
6.DAFZA (Dubai Airport Free Zone)
Start your business in one of the leading free zones of Dubai. DAFZA offers a spectacular gateway to the Middle East, Europe, India, and the Far East due to its direct access to the world’s busiest airport – Dubai International Airport. It has over 2000 registered enterprises from over 20+ sectors and industries, as well as 20,000+ professionals, who benefit from a business-focused regulatory and tax-free environment that allows for 100% foreign ownership of the company and a variety of world-class facilities.
7.Dubai Internet City
Dubai Internet City is the leading technology capital in the country. The free zone offers a wide range of commercial spaces and facilities as per the requirements of modern businesses. With the upcoming IT revolution in the UAE, many tech businesses are looking to set up their companies in Dubai free zones.
8.Dubai Maritime City
When starting a maritime business in Dubai, one needs to have the best possible access to a good location to lower operating costs. Dubai Maritime City offers the best services to maritime businesses as it is located in the heart of Dubai and is made up of 5 districts. You will get a wide range of business opportunities like manufacturing, warehousing, supply services, and much more.
9.Dubai Media City
DMC is a thriving tech hub in Dubai that provides limitless prospects for the expansion of companies based on technology. This vibrant culture enables advertising, communication, media, and marketing enterprises to succeed, making Dubai Media City the most desirable place to bring investors’ worldwide ideas to reality. The space offers tremendous scope for interacting with media giants such as CNN, and Sony among others.
Planning a business setup in Dubai free zone? Get assistance from the experts
RadiantBiz is the most prominent name among the top business setup consultants in Dubai when it comes to business setup in Dubai freezone. Our experts have the knowledge and experience required to successfully establish your ideal company in Dubai’s free zone.
If you have us working for you, you won’t have to worry about the inconveniences that you would normally encounter when working without our assistance. We will take care of all of your trade licenses, paperwork, and other approvals. Apart from this, we have complete expertise in corporate banking, visa approvals, office spaces, and third-party approvals.
FAQs
- What are the basic steps to start a company in Dubai free zone?
The following are the steps to take while establishing a free zone business in Dubai:
- Choose the nature of your business and related activities.
- Select a company name as per the rules of the government
- Apply for a trade license from the concerned free zone authorities.
- Obtain final approval from the appropriate authorities.
- Open a business bank account
- Can you tell me the estimated cost of the trade license?
The cost of a business licence in a free zone in Dubai depends on many factors such as the type of business licence, office requirements, visa, choice of a free zone, etc. Furthermore, you can use the cost calculator from RadiantBiz to get an instant estimate for your business setup.
- What is the estimated time to get the business license for business setup in the Dubai free zone?
Determining the exact time of getting the business license can be tough. However, if you work all by yourself you might end up getting the license in as many weeks, with a reliable business setup consultant like RadiantBiz it becomes easier to obtain a license in just a few hours and most of the time in just 24 hours.
Thank you for reading our articles on how to start a business in Dubai. Hope you also enjoyed our blog on how to start and expand your business in Dubai
