What does free zone company mean in Dubai?

Essentially, free zones or free trade zones in Dubai are business zones where companies operating in them are exempt from all types 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.

What Are free zone companies in UAE?

An FZE or FZC is a limited liability company governed by the rules and regulations of the Free Zone in which it is established. The provisions of the UAE Commercial Companies Law (CCL) do not apply.

Can a free zone company do business in Dubai?

The said law states that no one is permitted to conduct economic activities in Dubai outside the free zones except through a corporate entity licensed by the DED. The common legal forms for free zone entities to conduct business in Dubai are civil work company, limited liability company or branch.

Which is the cheapest free zone in UAE?

Ajman Media City is the cheapest free zone in UAE. This freezone offers investors a range of business activities and business license types at the lowest cost.

What are the Dubai free zones?

There are more than 30 Free Zones operating in Dubai, which include the following:

• Dubai Silicon Oasis.
• Dubai Airport Free Zone.
• Dubai Design District.
• Dubai Healthcare City.
• Dubai International Academic City.
• Dubai Internet City.
• Dubai International Financial Centre.
• Dubai Knowledge Village.

What kind of business should I start in UAE?

Top 10 Successful Business Ideas in Dubai, UAE

• Construction Sector. Dubai is continuing the growth with the establishment of infrastructure facilities, skyscrapers, industrial units and so on.
• E-Commerce Solutions.
• Travel and Tourism.
• Real Estate Agency.
• Health Sector.
• Handyman Business.
• Consultancy Service.
• Beauty Salon.

What is the cheapest Freezone in UAE?

What is the purpose of free zone?

The primary purpose of a free-trade zone is to remove from a seaport, airport, or border those hindrances to trade caused by high tariffs and complex customs regulations.

What are the benefits of free zone visa?

The key advantages of having a free zone visa are:

• Tax exemption. The visa means that you’ll be exempt from paying import, export or personal taxes.
• 100% ownership.
• Financial access.
• Lease premises.
• Fund transfer.
• Driving licence.
• Healthcare access.
• School registration.

Which is the best free zone in Dubai?

There are industry specific free zones throughout the city meant for doing each type of business activity. This includes Dubai Multi Commodities Centre, Dubai International Financial Centre, Dubai Internet City, Dubai Knowledge Village, Dubai Media City, Dubai Airport Free Zone, Dubai Car and Automotive City Free Zone,

Can a free zone company do business in the UAE?

A FZ company cannot conduct business with UAE mainland clients (those located outside free zones) by its own. Instead the FZ company must appoint a local service agent to sell and distribute goods and services in its name, within the city; Custom duty of 5% would be levied on free zones company sales within the UAE.

How big is the DWC free zone in Dubai?

DWC free zone which is now known with the name of Dubai south free zone; It is simply recognize as the City of You; which is an emerging 145 sq. km. It is leading plan city base on the pleasure of the individual.

Which is the biggest free zone in the Middle East?

Dubai Internet City – DIC is built inside a Free Zone that provides a knowledge economy ecosystem designed to support the business development of information and communications technology (ICT) companies. It is the Middle East’s biggest ICT infrastructure.