CONNECTOR.AE 48 CONNECTOR.AE 49 Lifestyle Lifestyle Many of Dubai’s free zones cater to various trading enterprises across different sectors, while others specialise in specific industries, offering tailored support and expertise. Popular choices include Jebel Ali Free Zone (JAFZA), Dubai International Financial Centre (DIFC), Dubai Internet City, and DMCC. Before making a decision, it’s beneficial to familiarise yourself with the offerings of each free zone to determine the best fit for your company. Check out the free zone areas here. Choose Your Company Structure In Dubai’s free zones, businesses can choose from various legal forms tailored to their needs: 1. Free Zone Establishment (FZE): A single shareholder, who can be an individual or a corporate entity, establishes this legal entity. 2. Free Zone Company (FZCO): Requires a minimum of two shareholders, who can be individuals or corporate entities, to form this legal entity. 3. Public Limited Liability Company (PJSC): Multiple shareholders can trade shares on the stock exchange with this corporate entity. 4. Private Limited Liability Company (LLC): Between 2 to 50 shareholders can form this corporate entity, with limited liability and no public trading. 5. Branch of a Local or International Company: This extension allows existing local or international companies to operate in Dubai under their parent company’s legal umbrella. For detailed information on specific free zone company structures, visit their respective websites or contact their support teams directly. selecting a trade name. You can reserve your trade name before or after receiving initial approval. After initial approval, submit the initial approval receipt and a duly attested memorandum of association. The DET will issue the memorandum of association for Limited Liability Companies (LLC), oneperson companies, or civil companies; for other legal forms, a Notary issues the memorandum of association. Setting Up Business In Free Zones Dubai’s free zones provide businesses with significant opportunities, including 100% foreign ownership, and dedicated support for specific industries. However, companies established in these free zones cannot trade within the UAE without obtaining a specific mainland licence. Other benefits also include various tax advantages and streamlined licencing procedures. Free Zone Areas When selecting a free zone in Dubai, it’s essential to align with your business objectives and operational requirements. owner, and submitting original company documents if establishing a branch in Dubai. Other steps involve leasing business premises, obtaining a business licence (typically processed in 3 to 5 working days), and arranging additional business services like bank accounts and visas for foreign employees. Get all the information about applying and documents here. Costing The expenses can fluctuate based on your needs, encompassing factors like office space and visa quotas. Costs vary depending on the business type and ownership configuration. Set-Up Process Establishing a free zone company is largely enabled online due to streamlined procedures. While free zones ensure a smooth setup process, ensure you have all necessary documents, business plans, and any other requirements specific to the chosen zone. Each free zone operates differently, so it’s crucial to verify their specific prerequisites and timelines before commencing. Typical steps include registering the company, providing a passport copy for the
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