Free Zone Company

Key Facts

• 100% foreign ownership in most Free Zones.
• Quick issuance and bundled packages (license + facility).
• On-shore trading requires a local distributor/branch.
• Multiple visa packages; flexi-desk and shared offices available.
• Good fit for services, consulting, media, tech, and e-commerce.

Steps to Set Up

1. Choose a Free Zone aligned to your activity (e.g., DMCC, IFZA, Meydan, RAKEZ).
2. Reserve trade name and obtain initial approval.
3. Select facility (flexi-desk/office/warehouse) and package.
4. Submit KYC & corporate documents and pay fees.
5. Receive license; obtain establishment card.
6. Open corporate bank account and process visas.

Documents Required

• Passports and visa/entry permits for shareholders and manager.
• Application forms, specimen signatures, and photos.
• Business plan (some zones) and any external approvals (if required).
• Facility lease/office allocation per package.

Timeline

• Initial approvals: ~1–3 working days (varies by zone and activity).
• License issuance: ~3–7 working days after complete documentation.
• Bank account opening: typically ~1–3 weeks post-license.

Compliance Notes

• Annual license renewal and facility lease renewal.
• Audit requirements vary by Free Zone and activity.
• Economic Substance Regulations (ESR) and UBO filings if applicable.
• VAT registration/returns depending on thresholds and activity.

Banking Guidance

• Shortlist banks familiar with your chosen Free Zone.
• Prepare a clear KYC pack (suppliers, invoices, projected flows).
• Maintain required minimum balance to avoid charges.
• Expect enhanced due diligence for certain nationalities/activities.