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What Dubai Free Zone to Choose for Company Formation?

Updated on Wednesday 12th October 2016

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Dubai-free-zoneDubai has a great number of free zones which were established by the government in order to offer foreign investors advantageous company formation procedures. When having to choose between Dubai free zones for opening companies in, foreign enterprisers should know that the Emirate’s free zones address investors with interests in specific industries. At the moment, Dubai counts more than 20 free zones.

Our company incorporation agents in Dubai can offer details about the free zones foreign entrepreneurs can set up businesses in.

What are the benefits of free zones in Dubai?

When it comes to company formation in a Dubai free zone, it is good to know that most free zones offer more or less the same advantages. These refer to:

  • -          full ownership for foreign investors;
  • -          tax exemptions which are usually granted for 50 years and which can be renewed;
  • -          acquiring or renting properties for doing business;
  • -          the possibility of opening bank accounts in Dubai;
  • -          customs facilities;
  • -          free capital gains and profits repatriation.

Among the free zones foreign investors usually choose to set up companies in are the Dubai International Financial Centre, which is currently the most prolific free zone, Dubai Internet City and Dubai Multi Commodities Centre.

Company registration in Dubai free zones

When choosing a Dubai free zone for company incorporation, foreign investors must know that each free zone offers business licenses related to one or more related industries. Free zones in Dubai can be grouped as it follows:

  • -          Dubai Media City, Dubai Silicon Oasis and Dubai Internet City are dedicated to the new emerging industries like the software and media clusters;
  • -          Dubai International Academic City and Dubai Knowledge Village are dedicated to the education industry;
  • -          Dubai Studio City and the International Media Production Zone are related to the media sector;
  • -          Dubai Maritime City is dedicated to foreign investors seeking to open companies in the maritime sector.

Apart from these, Dubai Multi Commodities Centre which is currently the largest free zone in the Emirate, was opened for foreign investors who want to open companies in the import/export industry.

For assistance in choosing the best free zone to open a company in, please feel free to contact our Dubai company formation consultants.

 

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