Free Zone License

In the UAE, a “free zone” is a territory or jurisdiction permitted to carry out a specific economic activity or group of related activities. A trade license is required for businesses opening in the Dubai Free Zone, and permits are given based on the company’s specific line of business. Dubai Freezone Licenses are issued based on the company’s specific line of business. The number of free zones will increase in the upcoming years due to the building a few additional free zone territories.

The governing organization in charge of a Free Zone company’s associated operations, such as license issuing and processing, is the Free Zone Authority (FZA). The free zone firms are exempt from the commercial rules that apply to UAE mainland enterprises. One of the best things about the Dubai Free Zone is that international investors can own 100% of the businesses they start there. Creating a business in the Dubai Freezone has additional financial advantages in addition to those related to full ownership, such as total tax exemptions, 100% repatriation benefits, and the lack of foreign exchange limitations.

The Free Zone Authority grants your firm one of the Dubai Freezone licenses, such as a trading license, an industrial license, a service license, or an industrial license. Free zone permits in Dubai, and the UAE renews annually if the leasing agreement is in force.

Depending on the kind of business, you should decide which free zone jurisdiction you want. Your firm should fall within the selected free zone category. Offshore enterprises have some of the same benefits as free zone businesses in Dubai but differ in other ways.

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For more information about free zone licenses, our experts at Emirates Professional Business Centre shall assist and guide you in setting up your new business.

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