Establishing a company in the free zone! What is the free zone and what are its types? What are the documents required to establish a company in the free zone? This is what we will discuss in the following lines. For more information about establishing companies in Dubai, we have a team of experts who can help you. Just contact us after reading this article.
Establishing a company in the free zone
Establishing a company in the free zone is the dream of every investor and businessman, regardless of nationality and capital budget, thanks to the advantages offered by the UAE government to encourage investors to invest their money and establish a company in the free zone in Dubai, which brings huge profits to investors.
What is the free zone in Dubai?
Free Zone is a geographical area in the city of Dubai in the United Arab Emirates, where goods are kept, stored, manufactured and re-exported according to the customs regulations stipulated by the state, where they are not subject to customs duties or taxes, and a company can be established in the free zone from any nationality in the world.
Types of Free Zone in Dubai
To establish a company in the free zone, there are two types of free zones, and the main difference between the two types is the number of shareholders and their legal status, which are as follows:
- Free Zone Limited Liability Company.
- Free zone establishment.
To establish a company in the free zone, you must know that each zone has its own set of rules. Therefore, anyone wishing to establish a company in the free zone must choose the zone most appropriate to the nature of the work to be carried out in accordance with the legal requirements of the free zone.
Types of businesses to establish a company in the free zone
The type of business and activities for establishing a company in the Free Zone varies according to the free zone. For example: Dubai Multi Commodities Centre has about 600 commercial activities distributed across 20 different sectors: energy, commodities, gold, technology, diamonds, construction and fast-moving consumer goods, aviation, shipping, healthcare, education, media, professional services, financial, personal and community services.
The Dubai International Financial Centre has financial and non-financial activities, such as: banks, insurance, wealth management, capital markets, retail stores, restaurants, five-star hotels, art galleries, and academic institutions.
Documents and papers required to establish a company in the Free Zone Dubai
A set of documents and papers must be submitted in order to establish a company in the free zone , which are as follows:
- A copy of the passport.
- Feasibility study of the project to be undertaken.
- Required legal documents.
- Determine the trade name.
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