Free Zones in Dubai are special economic zones, 100% foreign ownership and free customs duty benefits to expatriate investors. This makes the free zones the most favorable locations in the Middle East for international operations and attracts many in Free zone company formation in Dubai The company setup in the free zone areas are not subject to commercial companies Law. Free Zones in Dubai and UAE are considered to be outside the jurisdiction of UAE, and are under the rules and regulations of concerned free zone.
Dubai Free Zones offer the following types of business licenses :
Trading License: This type of license allows company to carry out trading activities like buying, import & export and selling of limited number of goods and commodities.
General Trading License: This type of license will allow company to deal with trading of all types of goods with some exemption on banned goods and products that need special approvals.
Service License: This type of license is issued to companies which deal with consultancy, accountancy, etc. services.
Industrial License: This type of license allows the company to carryout manufacturing, packaging and processing in Dubai free zone.
This type of company can be registered with one individual or corporate shareholder.
This type of company can be registered with 2 or more shareholders. Shareholders can be either individuals or corporate companies
All these types of companies may not be available in every UAE free zone. There will be some difference according to the rules and regulations of each free zone authority.
KEY BENEFITS OF FREE ZONE COMPANY SET UP IN UAE:
Our professional consultant’s team is ready to assist you for selection of best free zone for your business from across more than 35 UAE free zones. Contact Scholars Business Solution for free zone business setup for more details, send your query.
