Company Setup : freezone

Company formation services in free zones offer 100% ownership but also involve few considerations. Understanding the business activity and the preferred jurisdiction is the most important one. Free Zone Authority (FZA) is the governing body in charge of the activities related to a Free Zone company like license issuance and operation. The Commercial laws governing the UAE mainland companies are not applicable to the Free zone companies.

The UAE has over 50 free zones with some offering generic activities for all industries, whereas others are industry-specific. When your company is approved for the Freezone business, it is given any of the Dubai Freezone licenses such as Trade License, Industrial License, Service License, or National Industrial License by the Free Zone Authority. These freezone licenses in Dubai/UAE can be renewed annually as long as the lease agreement is in force.