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DUBAI FREE ZONE COMPANY FORMATION

LAST UPDATED: 01/01/2020

Dubai freezone company formation remains one of the most highly demanded types of business setup in uae free zones.
 
Dubai freezone company setup gives a number of advantages:

  • It is easier to open a bank account for a Dubai company
  • The company is more recognized locally and globally
  • Higher chances of getting resident visas for certain “high risk” nationalities
  • Possibility to rent an office in well-known business districts
     

 

Dubai Multi Commodities Center

KEY FEATURES:

Established2002
Licenses typesService, Trading, Investment
FacilitiesFlexi-desks, Offices
Visas3 visas with flexi desk, multiple visas with office
Setup time3 days registration, 2 weeks pre-approval

DMCC stands for Dubai Multi Commodities Center. It is by far one of the most well-known and highly reputable Free Zones in UAE. It’s the world’s biggest Free Zone, which was 5 times awarded as a “Global Free Zone of The Year” by Financial Times.

It’s home of Dubai gold and commodities exchange, Dubai diamond exchange and Dubai pearl exchange. DMCC also has Tea and Coffee centers, promotes trading of agro commodities and metals.

DMCC is located in the area of Jumeirah Lakes Towers, which has both commercial and residential towers and looks like a city within a city. It has 2 metro stations and a convenient access to the main highways of Dubai.

+ PROS

  • Highly reputable and recognized free zone
  • Big range of business activities
  • Central location

- CONS

  • One of the most expensive Free Zones
  • Company setup process takes longer than in other Free Zones
  • Annual audit is required

Dubai South (DWC, Dubai World Central)

KEY FEATURES:

Established2006
Licenses typesTrading, Consultancy, Industrial
FacilitiesFlexi-desks, Offices, Warehouses
Visas2-3 visas with flexi desk, multiple visas with office
Setup time1 day registration, 1 week pre-approval

We think that this Free Zone is one of the best choices if you want to register your company in Dubai. It is located right next to the new Al Maktoum airport and Expo 2020 site. It is about 30 min. drive from the down town of Dubai. A metro line is under construction and is going to be finished within less than a year.

Dubai South consists of a few modern buildings, where you can either have a flexi-desk - desk in a sharing office, or an executive office. Even warehouses are available there.

It would be good to mention that the business center of Dubai South provides virtual office services such as phone calls pickup, mail forwarding and meeting rooms. We have seen people really using the flexi-desk facility unlike in remoted Free Zones.

+ PROS

  • The most cost-efficient Free Zone in Dubai
  • Part of Expo 2020 site
  • Low cost of the resident visas

- CONS

  • Health insurance is required for resident visa
  • Annual audit starting from year 3
  • Educational degree is required for resident visas of business owners

Dubai Technology Entrepreneur Center (DTEC)

KEY FEATURES:

Established 22005
Licenses typesIT, sofware, online business
FacilitiesFlexi-desks, Offices
Visas1-2 visas with flexi desk, multiple visas with office
Setup time2-3 days registration, 1 week pre-approval

DTEC or Dubai Technology Entrepreneur Center is located in Dubai Silicon Oasis and is a very unique startup hub in the whole UAE.

If you visit DTEC, you will be surprised how modern and ergonomic the whole premises look like: you will see comfortable co-working spaces, chill-out hubs, thinking and networking areas, cafes and even games areas within the same space. It looks like no other Free Zone in Dubai!

DTEC is a Free Zone dedicated only to IT related licenses. It has only 9 business activities, but you can include into your license up to 5 of them which is quite impressive.

+ PROS

  • The cheapest package for visa eligible company in Dubai
  • No restrictions on nationalities
  • Modern infrastructure: ready to use flexi-desks, offices, meeting rooms, cafes inside the premises

- CONS

  • Only professional business activities related to IT
  • Need to upgrade the company into Dubai Silicon Oasis Free Zone after 3 years
  • Annual audit is required

Dubai Airport Free Zone (DAFZA)

KEY FEATURES:

Established1996
Licenses typesTrading, Consultancy, Industrial
FacilitiesFlexi-desks, Offices, Warehouses
Visas3 visas with flexi desk, multiple visas with office
Time-frame1 day registration, 1 week pre-approval

DAFZA or Dubai Airport Free Zone is situated next to Dubai International Airport. Dubai Airport Free Zone is the best choice for logistics or transportation companies, who need to re-ship their goods though UAE, but not necessarily do the import into the UAE.

The Free Zone offers 24/7 customs clearance center, fitted and furnished offices up to 60 sq meters and brand-new warehouses in DAFZA industrial park.

+ PROS

  • Well-developed infrastructure for trading
  • 24/7 customs services and rapid cargo clearance
  • Dedicated logistics center

- CONS

  • No small size of offices or warehouses
  • Audit requirement from second year
  • Mandatory to provide personal bank statement for company setup

Dubai Silicon Oasis

KEY FEATURES:

Established2004
Licenses typesTrading, Consultancy, Light industrial
FacilitiesFlexi-desks, Offices, Warehouses
Visas1-2 visas with flexi desk, multiple visas with office
Setup time3 days registration, 1 week pre-approval

Dubai Silicone Oasis is a Free Zone fully owned by Dubai government. It is meant to become a "technology oasis" by supporting technology-based businesses.

Today DSO is a technology park which hosts more than 2 000 companies. It is also a residential district with about 60 000 tenants.

DSO's facilities include "Plug and Play" offices, Light industrial units, conference rooms. Offices are fully fitted, connected to Internet and VoIP, have 24 hour security. DSO's range of high quality facilities would suit small businesses or big enterprises.

+ PROS

  • Developed Zone with offices and residential area
  • Affordable office rent

- CONS

  • Flexi-desk or virtual offices are not available
  • Remoted from central Dubai

Jebel Ali Free Zone (JAFZA)

KEY FEATURES:

Established1985
Licenses typesTrading, Consultancy, Industrial
FacilitiesOffices, Warehouses
VisasMultiple visas with office
Time-frame3 days registration, 2 weeks pre-approval

Jafza or Jebel Ali Free Zone is the oldest and the biggest free zone in UAE.

JAFZA is located in the Dubai Emirate. It has its own sea port, which is the busiest port of the whole country.

A lot of well-known food and consumer goods manufacturers are located in JAFZA, thanks to its wide range of warehouses and industrial licenses.

Jafza offers trading or manufacturing business activities, but if you plan to open a service providing company, it has to be a branch of a Mainland entity.

+ PROS

  • Big choice of trading activities, up to 12 product categories per license
  • Biggest UAE sea port within the Free Zone
  • Warehouses and plots of land

- CONS

  • No professional service activities (available only for branches of UAE companies)
  • Personal presence for company registration is required
  • Flexi-desks are often not available - need to rent physical offices

Dubai freezone company setup cost is higher than in nearby Emirates, but there is a value for your money. Any business consultants in dubai would be able to confirm that.

If you set up business in Dubai free zone you would not need to search for other solutions. It’s stable, reputable and efficient.

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