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Free zone company in Dubai…
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Introduction on Freezone Different types of Freezone in Dubai Advantages of choosing the free zone for company formation in Dubai Things to learn before choosing a freezone company Procedures For Free Zone Company Formation In Dubai Types of license in freezones Terms and Conditions Reference Thank You 2
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Free Zone may refer to: Free economic zone, designated areas in which companies are taxed very lightly or not at all in order to encourage economic activity. Free trade zone, an area in which goods may be landed, handled, manufactured or reconfigured, and re-exported without the intervention of customs authorities. Its an area within a country where imported goods can be stored or processed without being subject to import duty. Also called a "free zone," "free port," or "bonded warehouse."
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Dubai Airport Free Zone Dubai Cars and Automotive Zone (DUCAMZ) also known as Dubai Auto Zone Dubai Design District Dubai Healthcare City Dubai International Academic City Dubai Internet City Dubai International Financial Centre Dubai Knowledge Village Dubai Media City Dubai Gold and Diamond Park Dubai Multi Commodities Centre (DMCC) Dubai Silicon Oasis (DSO) International Media Production Zone Jebel Ali Free Zone Dubai Production City Dubai World Central (Dubai South) Dubai Studio City
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100 % Ownership Zero tax Complacent import/ export services Fair renewal fees Allowed to open bank account in Dubai No restriction for doing more than one activity Can wind up at your discretion Visas for investors, staff and family members with 3 years validity No mainland labor rules are applicable here- so it is easy to hire staff. Document clearance process is quite simple and hassle-free You can choose either of the following legal forms: FZE- 1 owner, FZC- 2-5 owners, branch of foreign company 5
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Location: Usually, the free zones are located closer to the ports or airports, some of them are even located inside the ports while there are those that provide direct road access towards the Emirates. Licensing: In some of the zones License processing is an instant thing while in others it might take around 30-40 days before you get your license. Also, at times capital investments are emphasized during company formation while at other times no investment is required. Infrastructure and facilities: To begin with Free Zones offers the best of modernized facilities and sophisticated amenities for the investors. Free Zone Prestige: It is prestigious to own a business in the Free Zone though the entire process might be a bit expensive. You can also choose International freezone company setup. Also, the Free Zones provides the trade investors with an option to work and live in the Free Zones. One of the other amazing facts is that there are more than 20 Free Zones in Dubai each with a self-contained licensing body. 6
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Determine the type of legal entity Choose a trade name Share capital Apply for a business licence Choose an office space Get pre-approvals, register your business and get your licence Hire right Employees
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Trade License : Companies which are legally incorporated outside the UAE in imports and exports are permitted a Trade license. Ownership can remain 100% foreign and no license is required from the Economic Department
Industrial License : Companies that are legally incorporated in industrial production outside the UAE and are within the Free Trade Zone can be given an Industrial license. Ownership can be 100% foreign and no Economic Department License is required. Service License : Companies holding a valid license from the respective government body in the UAE can offer banking, contracting services etc. but have to abide by any requirements of the governing body. National Industrial License: Industrial manufacturers granted this license are accorded the same status as a local or GCC company in the UAE. 8
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The Initial approval is valid for a period of three months from the date of issuance.
In case of expiry of the Initial approval, the investor must obtain a new Initial approval.
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