A free-trade zone (FTZ) is a class of special economic zone. It is a geographic area where goods may be imported, stored, handled, manufactured, or reconfigured and re-exported under specific customs regulation and generally not subject to customs duty. Free trade zones are generally organized around major seaports, international airports, and national frontiers—areas with many geographic advantages
Free Zone is designed around one or more commercial categories and only offers licenses to companies within those categories. Essentially, free zones or free trade zones in Dubai are business zones where companies operating in them are exempt from all types of taxation such as Value Added Tax (VAT), Income Tax, Corporate Tax and Customs. business owners in the free zone areas in Dubai have 100% ownership of the business. The aim of these zones is to encourage foreign investment and promote economic activity in the city. There are around 40 Free Zones operating in the UAE, with more under construction. Each Free Zone is designed around one or more commercial categories and only offers licenses to companies within those categories.
The nature of the business activity that you intend to carry out will have a big influence on selecting the Free Zone to meet your requirements. The principal Free Zones and their license activities include:
Dubai Multi Commodities Centre (DMCC) – Commodities Trade and Exchanges.
Jebel Ali Free Zone (JAFZA) – Trading, General Trading, Service, Logistics and Industrial.
Dubai International Financial Centre (DIFC) – Banking, Financial Services and Legal.
Dubai World Central (DWC) – Aviation, Logistics, Light industry, and Ancillary Services.
Dubai Knowledge Park (DKP) – Human Resources Management, Training and Personal Development.
Dubai Internet City (DIC) – Internet and Communications Technology.
Dubai Media City (DMC) – Media related activities.
Dubai Silicon Oasis (DSO) – Information Technology, Telecom, Electronic and Engineering
Dubai Healthcare City (DHCC) – Healthcare, Medical Education and Research, Pharmaceuticals and Medical Equipment.
Ras Al-Khaimah (RAK) – Trading, General Trading, Service, Industrial and Educational.
Fujairah Creative City (FCC) – Media, Consulting, Communications, Design and Technology.
Please note that some Free Zones may request a detailed business plan, depending on the business activity of the proposed new company.
Being in the UAE market and having a diverse business profile, we believe we have somewhat cracked how business is supposed to be done, and we want to help future entrepreneurs and business enthusiast realize their true potential. Under our Business Consultancy division, we provide:
As a part of our Business Setup Services, we provide:
UAE Company Formation
We Provide UAE company Formation services to our clients. The UAE economy is divided between “onshore” and “offshore “sector. Onshore sector is dominated by local business interests with restrictions on foreign ownership and the Offshore sector consists of number of #freezones.
Setting up in Free Trade Zone
We Facilitate Business Setup in the various Free Trade zones. Identifying the right Free Zone, Licenses and all the Legalities is on us.
Setting up In Mainland
We facilitate Business Setup in various emirates in the UAE by identifying the most suitable emirate for your business, Planning, providing local Partner/Sponsor/Service agent. Warehousing, Logistics, Also the manpower and HR services if required.
The normal conduct of Business requires an organization to be registered with several authorities based on the specific nature of the business. We help our clients by providing an expert hand and walking them through all matters pertaining to registrations as Chamber of Commerce, ESMA, FTA-VAT, Ministry of Health, Dubai Municipality, trademarks and other product Certifications and Registrations.
Visit https://ftrade.ae/business-consultancy/ to know more on this.