To understand the registration procedure for incorporating a company in Dubai Freezone, its advantages and limitations. The webinar shall also dwell upon different types of freezones in Dubai, estimated time and cost of incorporation.

1. Doing Business in Dubai Freezone by
an Indian
Dr. CA. Nabeel Ahmed B.com, ACA, CMA, AICWA, AIA, MBA, Ph.D
DVS Advisors LLP
India-Singapore-London-Dubai-Malaysia-Africa
www.dvsca.com

2. Presentation Schema
Locations to
start business
What is
Freezone
Benefits and
Limitations
Types of
Freezones
Registration
Procedure
Time lines and
Cost of
incorporation

3. Location to start a business
Economic areas where goods and
services can be traded, usually at
preferential tax and customs rates
Geographical area which is permitted
by the DED to all the private business
entities businesses
Locations in Dubai
Free land Mainland
DED-
Department of
economic
Development

4. What is Freezone in Dubai
Freezones are territoriality different from Dubai
Mainland.
Has Spealized rules and regulations governing that
area
Attract FDI
Improve
existing
infrastructure
Great Trade
investment
opportunities

5. Why Incorporate a company within Freezone
100% Expat
Ownership
No
Currency
restrictions
100%
repatriation
of capital
and profits
No
Corporate,
Personal or
Capital
Gain Tax

6. Continued …
World Class
infrastructure
Abundant
resources
Less Renewal
Charges
Excellent
administration
and Business
Services

7. Types of Freezones in Dubai
• Dubai Internet City (DIC)
• Dubai Academic City
• Dubai Airport Free Zone
• Dubai Biotechnology & Research Park
(DuBiotech)
• Dubai Car and Automotive City Free Zone
(DUCAMZ)
• Dubai Design District
• Dubai Gold and Diamond Park
• Dubai Healthcare City
• Dubai Industrial City (DIC)
• Dubai International Academic City
• Dubai International Financial Centre
• Dubai Knowledge Village
• Dubai Logistics City
• Dubai Media City
• Dubai Multi Commodities Centre (DMCC)
• Dubai Outsource Zone
• Dubai Silicon Oasis
• Dubai Studio City
• Dubai Techno Park
• Dubai Technology and Media Free Zone
• International Media Production Zone
• Jebel Ali Free Zone
• Economic Zones World
There are more than 20 Freezones in Dubai.

8. Registration Procedure
Get Preapprovals, register your business and get your license
Choose an official space
Apply for business license
Choose a trade name
Determine the type of Legal entity

9. Determine the type of legal entity

10. Determine the type of legal entity
Type of Companies
Freezone limited liability
Company (FZ LLC)
Freezone Establishment
(FZE)
Min- 2 Shareholders
1 shareholder
(Individual or Company)
Branch Office: A company located outside of UAE or in UAE can have a branch in one of the free zones of
Dubai.

11. Registration Procedure
Choose Trade Name

12. Choose Trade Name
must not violate the public morals or the
public order of the country
must be followed by the legal form of the
company
has not been previously registered
is compatible with the required type of activity and legal
status
should not contain names of any religion, or governing
authority, nor names or logos of any external bodies.
The trade name has to be approved by Department of economic development
[DED] portal and the respective Free zone Portal.
• Trade name application form is available
at DED offices or online at
dubaided.gov.ae.
• It does not take more than 24 hours and
the company name can be reserved
within a day.
• The cost for obtaining a trade name
varies, depending on the content and
language of the name (approximately
Dhs.1,000)

13. Registration Procedure
Apply for business license

14. Apply for Business License
Business license shall be issued by the respective
Free Zone Authority
Obtaining business license will permit to conduct
business activities in Dubai
Trading License
Industrial License
General Trading
License
Professional
License
Type of Business license

15. Registration Procedure
Choose an office space

16. Choosing a location for business
One can either buy or lease office space in Free zones. Most free zones generally requires leasing of office
space.
In Dubai Airport Free Zone , one can choose between ' Office Packages' , ' Smart Desk Office Packages' and
' Executive Office Packages'
Hamriyah Free Zone Authority provides over 100 executive offices suits ranging in size from 15 m2 to 42 m2
with conferencing and internet facilities.
In DMCC , one can choose a flexi desk of 20-30 sq. m., a flexi office of 200-265 sq. m., or offices running
through multiple floors totalling up to 2,000 sq. m. each.
Few Instances

17. Registration Procedure
Get Preapprovals, register your business and get your license

18. Get Preapprovals, register your business and get your
license
• Companies in free zones are governed by the rules of the respective free zones.
• The list of documents required for obtaining approval varies on
• the type of business activity,
• the type of company and
• the requirements of the free zone authority
A general guideline to obtain initial approval is as follows
Initial
Approval
LicensingRegistration
1 32

19. Initial Approval
• Completed application form
• Business plan
• Colored passport copies of the company's
shareholder/s and MD for the new company
• Specimen signature of the company's shareholder/s
and the appointed Manager/Director
• NOC from current sponsor (for individuals)
• Unit title deed
• Letter of Intent
• Registry Identification Code Form (RIC) for
Manager/Director (Original and notarised)
Documents required

20. Registration
After initial approval, registration fees and license fees
are to be paid depending on the type of license
required. Then, following document has to be
submitted:
Completed
Application for
registration
MOA and AOA
Specimen signature of
Manager/ Director
Passport size photo of
Manager/ Director
Power of attonery
given to Manager/
Director
Board resolution
appointing Manager/
Director
Share capital
information

21. Licensing and visa process
Initial approval and
related business
approval will be
sanctioned
Register your business
at the portal
Acquire the license
Once the procedures mentioned in previous
slides are completed, the following will happen

22. Timeline and Cost for incorporation
The timeline and cost of incorporating a company depends upon various factors like
Business
Activity
Type of
Freezone
Type of
business
entity
Type of
License
required
Generally for most of the business it would take around 1 to 3 weeks
and cost of incorporation would range from 14,500 AED to 30,000 AED
for virtual office setup and would range from 35,000 AED to 80,000
AED with office setup

23. Credits and Acknowledgement
Viswanath D

24. Thank You
DVS Advisors LLP
India-Singapore-London-Dubai-Malaysia-Africa
www.dvsca.com
Copyrights © 2019 DVS Advisors LLP