Apart from understanding the key rules of company formation in Dubai free zones, foreign investors need to be aware of the government entities that regulate each of the free zones. There are more than 40 active free zones in the UAE and each of them is controlled, regulated and by the respective free zone authorities. Furthermore, certain free zones are collectively regulated by a single authority such as the Dubai Integrated Economic Zones Authority (DIEZ).
The DIEZ authority regulates and controls three free zones namely, Dubai Airport Free Zone (DAFZA), Dubai Silicon Oasis (DSO) and Dubai CommerCity. The DIEZ regulates the key aspects related to company formation such as licensing, offering administrative services, infrastructure etc. If you wish to set up a business in any DIEZ Free Zones, consult with business setup consultants in Dubai. In this blog, we will provide you with useful information on key features of all three free zones regulated by DIEZ. Keep reading for more information:
Dubai Airport Free Zone
Before the formation of DIEZ in 2021, business setup in DAFZA was regulated by the Dubai Airport Free Zone Authority (DAFZA). DAFZA was established in 1996 to create a conducive atmosphere of company incorporation in Dubai for foreign investors. DAFZA attracts foreign entrepreneurs to Dubai due to a wide range of reasons, chiefly its strategic location inside the Dubai Airport.
DAFZA offers all services under one roof along with excellent infrastructure and extensive cargo handling facilities. Moreover, DAFZA provides highly competitive trade licenses such as trading licenses, service licenses, industrial licenses, general trading licenses, Dual Licenses with DED and the DAFZA Talent Pass for freelancers. Consult with business setup advisers in Dubai for more information on the features of DAFZA company registration.
Dubai Silicon Oasis Free Zone
The DSO free zone was established to provide a robust environment of business setup in Dubai for tech companies. DSO is an integrated technology park located in the heart of Dubai where foreign investors can live, work and do business peacefully. By setting up a business in DSO you can work closer to modern technology-based industries in an urban master-planned community.
The advantages of DSO also include strategic location, state-of-the-art infrastructure and in-house business services for hassle-free company registration in Dubai. You can open a company in DSO by applying for licenses such as service license, trading license and industrial license. Consult with business setup consultants in Dubai for more information on the features of the DSO free zone.
Dubai CommerCity Free Zone
Dubai CommerCity is the first UAE free zone established exclusively to serve e-commerce companies and investors. It is a purpose-built free zone designed to help foreign investors leverage the huge growth seen in Dubai’s e-commerce market. The free zone operates on a 2.1 million square feet area with three e-commerce clusters. The Business Cluster houses modern landscaped buildings with Grade A premium offices; the Logistics Cluster consists of state-of-the-art dedicated and multi-client warehouse units with scalable pay-as-you-go pricing models; and the Social Cluster houses restaurants, cafes, exhibitions and events.
Company formation in Dubai CommerCity provides multiple advantages to e-commerce companies including unique licenses and business setup packages tailor-made for foreign entrepreneurs. Setting up a business in Dubai CommerCity will enable you to leverage the growing e-commerce sales in the country. The UAE e-commerce market surged by 53% in 2020 with a record of USD 3.9 billion in eCommerce sales, which constituted 10% of total retail sales. Furthermore, the Dubai Chamber of Commerce and Industry forecasts eCommerce to generate USD 8 billion in sales by 2025 as the UAE market has almost 100% of the population with internet and mobile phone access.
Hire Best Business Setup Consultants in Dubai
DAFZA, DSO and Dubai CommerCity are among the fastest-growing free zones in Dubai with an impressive record. The government has integrated these premium free zones under a single Authority to streamline the process of business setup in Dubai free zones. Foreign investors who wish to set up a business in these free zones can get the assistance of business setup consultants in Dubai such as Jitendra Business Consultants (JBC).
JBC provides the best business setup services in Dubai such as determining the company structure, selecting the activities, obtaining a trade license, PRO services, and compliance services like Economic Substance Regulations (ESR), Ultimate Beneficial Ownership (UBO) etc. If you’re an investor or entrepreneur planning to enter the lucrative UAE market, get in touch with our highly qualified business setup consultants in Dubai.
