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Free zone company setup
Get your free zone company right
Setting up in the right free zone will position your business for success.
Your UAE Free Zone Company Starts here
Fortunes Business offers support with the company registration process in over 20 free zones in the UAE. Undoubtedly, when deciding which free zone is best for your business, there is a lot of information to examine and a lot to consider, including location, price, type of business, flexible work or office space options, audit and accounting requirements, share capital and much more. The Fortunes Business team will guide you through it all step by step, steering you in the right direction, saving you money and ultimately making the whole experience stress-free.
Advantages of Setting up in a Free Zone
What are the main benefits to starting your company in a free zone and how do they each operate?
- Retain OwnershipThe main advantage offered by the UAE free zones is that foreign investors can retain 100% ownership of their businesses without the need for a local partner.
- Business LicenseSome business categories require prior approvals from certain authorities. Contact us today for a free consultation. One of our experts will guide you through the necessary requirements to start your business.
- Financial IncentivesOther financial incentives of free zones includes a 0% income tax rate, no customs duties levied on imports and exports, and the option to repatriate 100% of the profits from the business.
- Sector-SpecificAnother factor that can present fantastic opportunities to free zone companies is that many of the UAE free zones are sector specific. This gives its entrepreneurs ready access to a hub of knowledge and expertise from others within their field.
Steps to set up a company in the UAE free zone
With Fortunes Business, setting up a business in Dubai is effortless. Whether you choose a free zone, mainland or offshore, we provide comprehensive guidance throughout the process.
- With our transparent approach, you will be kept informed at all times.
- We take the hassle out of the process, ensuring a hassle-free experience and keeping you informed every step of the way.
- Although setting up a company can take as little as seven working days, Fortunes Business works hard behind the scenes to ensure the success of setting up your company in the UAE Free Zone.
Transform your business idea into reality in a UAE Free Zone
Take the first step towards transforming your business vision into reality. Explore your options in over 20 UAE free zones
Activities in the free zone
One of the very first decisions to take on your journey towards incorporating a UAE free zone company, and any company in the UAE for that matter, is to select the most suitable business activity.
This decision, which may involve choosing multiple activities, is simple and streamlined. During your initial consultation with us, we can help you identify the most appropriate activity or activities for your business, ensuring a seamless UAE trade license application process.
Below are some of the popular categories of activities you can choose from when setting up your company in the UAE Free Zone with Fortunes Business.
This decision, which may involve choosing multiple activities, is simple and streamlined. During your initial consultation with us, we can help you identify the most appropriate activity or activities for your business, ensuring a seamless UAE trade license application process.
Below are some of the popular categories of activities you can choose from when setting up your company in the UAE Free Zone with Fortunes Business.
Broadcast Management
Activities supported include radio broadcasting, TV broadcasting, and web streaming. Authority approval is required and only certain packages support this activity.
Consultancy
Consultancy covers a wide range of consulting activities including business consultancy, lifestyle consultancy, investment consultancy, legal consultancy, and human resource consultancy.
Education and Training
A wide range of activities fall under the education and training categories, but please note these are only available under packages with visa eligibility.
Event Management
Event management covers many activities, from conference organization to theatre production and more.
Film, Production and Post-Production
This category covers licences for activities including film, art, and video production, as well as post-production.
Industrial
Industrial licences cover manufacturing and the processing of raw goods. These activities often coincide with warehousing requirements.
IT Services
IT services covers a range of activities within the information and communications technology sector, including e-commerce.
Media and Marketing Services
This specifically relates to music production and recording, music promotion and management, music rights as well as theme parks management.
New Media
New media covers activities such as photography, web design, and broader digital media services including the creation and management of mobile phone applications.
Publishing
Activities such as publishing of directories and guides, education and consumer books, magazines, online and electronic content, and much more. Special approval from authorities will be required.
Trading
Trading activities can be related to any import or export related transactions.
Free zone locations & costs
Our pricing policy is founded on transparency, ensuring our customers are fully aware of the costs involved in establishing their UAE free zone business. We prioritize flexibility, enabling us to tailor packages precisely to your requirements. Whether you seek a single-shareholder trade license, a dual (or more) shareholder trade license, or visas for employees or dependents, we'll assist you in selecting the most suitable option, minimizing unnecessary expenses.
Fortunes Business offers cost-effective, personalized solutions for your company setup.
Book a free consultation now to learn more.
Fortunes Business offers cost-effective, personalized solutions for your company setup.
Book a free consultation now to learn more.
JAFZA Free Zone
RAKEZ – Ras Al Khaimah Economic Zone
Umm Al Quwain Free Trade Zone
Shams Free Zone (Sharjah Media City)
IFZA Free Zone
Meydan Free Zone
Dubai Multi Commodities Centre Free Zone
ADGM – Abu Dhabi Global Market Free Zone
Ajman Free Zone
Dubai Airport Free Zone (DAFZA)
Dubai Internet City Free Zone (DIC)
Dubai Design District Free Zone
Dubai Knowledge Park Free Zone
Dubai Media City Free Zone
Dubai Silicon Oasis Free Zone
Dubai South Free Zone
DUQE Free Zone
DWTC – Dubai World Trade Centre Free Zone
Fujairah Creative City Free Zone
Hamriyah Free Zone
KIZAD – Khalifa Industrial Zone Abu Dhabi
SAIF – Sharjah Airport International Free Zone
New Dubai residence visa, fees, renewal, cancelation.
UAE permanent residency 2024
What is a UAE residence visa?
The UAE residence visa is a permit that enables foreign individuals to live in this country for extended periods. The visa, which can be valid for two, three, five or even ten years, is renewable as frequently as required. Numerous international families have established roots in the Emirates for generations, continually renewing their visas to maintain their residency.
In essence, UAE permanent residency involves having a valid visa stamp in your passport while residing continuously in the country. While the concept of "permanent residency" as known in some countries doesn't exactly exist here, holding a residence visa essentially confers the same benefit.
In essence, UAE permanent residency involves having a valid visa stamp in your passport while residing continuously in the country. While the concept of "permanent residency" as known in some countries doesn't exactly exist here, holding a residence visa essentially confers the same benefit.
Benefits of UAE residence visa
- Permanent residence in the UAE
- Tax-free country
- Personal bank account in any UAE bank
How Can I Become a UAE Resident?
There are a few different ways that someone can become a resident of the UAE. These include:
While there are many different ways of obtaining UAE residence, some are faster than others. Currently, opening your own business in the UAE is the fastest way to get a visa.
To open your own business, all you need to do is use your legal name to open a company under the UAE’s business registration authorities. With more than 40 of these groups in the UAE, it’s easy to register your business. Plus, doing so involves transparent and affordable fees, making it an extra convenient way to get UAE residency.
- Obtaining a job in the UAE
- Opening a business in the UAE
- Getting a freelance permit for the UAE
- Enrolling in a university or college
- Be a dependent of a resident
- Obtain a UAE Golden visa
- Own property worth more than 1 million AED
While there are many different ways of obtaining UAE residence, some are faster than others. Currently, opening your own business in the UAE is the fastest way to get a visa.
To open your own business, all you need to do is use your legal name to open a company under the UAE’s business registration authorities. With more than 40 of these groups in the UAE, it’s easy to register your business. Plus, doing so involves transparent and affordable fees, making it an extra convenient way to get UAE residency.
UAE residency cost
UAE resident visa costs vary depending on your business registration location. If you set up a company in one of the northern Emirates—Ajman, Umm Al Quwain, Sharjah, or Ras Al Khaimah—the fees would be the lowest.
For Dubai resident visa costs, these will be higher due to increased business registration prices and other additional expenses, such as obligatory health insurance, which must be arranged prior to visa stamping.
For Dubai resident visa costs, these will be higher due to increased business registration prices and other additional expenses, such as obligatory health insurance, which must be arranged prior to visa stamping.
Acquiring UAE residency permits permanent residence in the UAE or facilitates regular visits, which proves advantageous for nationals who do not receive a tourist visa upon arrival.
For individuals wishing to open a corporate bank account in Dubai, holding a residency visa is considered a low regulatory risk category.
For individuals wishing to open a corporate bank account in Dubai, holding a residency visa is considered a low regulatory risk category.
Maintaining a valid visa in the UAE is generally straightforward for individuals with permanent residency. However, for frequent travelers or those who do not reside in the UAE regularly, it's essential to re-enter the country every six months to ensure the visa remains active. Failure to do so will result in automatic cancellation of the visa, necessitating the process of obtaining a new one from the beginning.
Renewing your UAE residency visa typically entails a simpler process compared to obtaining your initial visa. However, it involves undergoing a medical examination and renewing your Emirates ID.
Begin the process by visiting a medical screening center about 1-2 weeks before your visa expiration date. After undergoing the required tests, proceed to apply for the renewal of your Emirates ID. Once you've obtained your medical report, submit it to the immigration office along with your passport. Subsequently, your new visa, extending your residency, will be stamped for another period.
Begin the process by visiting a medical screening center about 1-2 weeks before your visa expiration date. After undergoing the required tests, proceed to apply for the renewal of your Emirates ID. Once you've obtained your medical report, submit it to the immigration office along with your passport. Subsequently, your new visa, extending your residency, will be stamped for another period.
Wondering who can cancel a residence visa in the UAE? Usually, it falls to the sponsor of the visa to apply for its cancellation. Sponsors can be:
- Your employer: As part of the cancellation process, you will need to sign a form confirming you've received all due salary and benefits. If you have worked for many years in one company, you may be eligible for an end-of-service benefit.
- Your own company: If you're a business owner and have a visa under the company, you may apply for cancellation yourself or hire a PRO or business consultancy firm to handle it on your behalf.
- Your spouse or parent: If you're on a dependent visa needing cancellation, your sponsor—either a spouse or parent—will be responsible. They may also sponsor a PRO or business consultancy company to process the cancellation, provided they have the original passport of the visa holder and original Emirates ID of the sponsor.
- Government authority: If you're employed by a UAE government authority, they will be responsible for visa cancellation.
Long term visas
The United Arab Emirates offers several types of long-term visas, designed to attract foreign talent and investment. These visas provide a sense of stability and long-term residency to holders, allowing them to plan for a future in the UAE.
The specific requirements for each visa type vary, so it's essential to check the most recent guidelines from the UAE government or consult with an expert.
- Investor Visa: This is available to foreign nationals who wish to make a substantial investment in the UAE. The visa can be valid for 5 or 10 years and is renewable.
- Entrepreneur Visa: For those who own a successful project in the UAE, an entrepreneur visa is available. This five-year visa can be upgraded to an investor visa if the business thrives.
- Special Talent Visa: The UAE also offers long-term visas for people with special talents in areas such as science, art, culture, and sports. This includes researchers, scientists, inventors, artists, and performers.
- Golden Visa: The Golden Visa is a long-term residence visa introduced by the UAE government in 2019. It is provided for investors, entrepreneurs, chief executives, scientists, outstanding students, and artists.
- Retirement Visa: As of 2018, the UAE offers a five-year retirement visa for residents aged 55 and above. Certain financial criteria must be met to qualify.
The specific requirements for each visa type vary, so it's essential to check the most recent guidelines from the UAE government or consult with an expert.
Where can I live?
Regardless of where your visa is issued, you can maintain permanent residency in Dubai or any other Emirate in the UAE. Any UAE visa qualifies you for permanent residency nationwide, allowing you to settle anywhere and rent accommodation. However, certain services like obtaining a UAE driver’s license must be done in the Emirate corresponding to your visa. While living in Dubai may be more expensive, it offers a vibrant lifestyle with numerous amenities. Overall, the UAE is a great place to live, work, study, or run a business, catering to individuals, business owners, investors, and specialized talents alike.
Start emiratization today!
Start emiratization today!
Unlock your business potential in the UAE Free Zone
Choose the right business activity and unlock limitless possibilities in the UAE Free Zone. Consult with our experts today for a seamless journey.
Your Step-by-step Guide to Registering a Company in Dubai and the UAE
Registering a company in Dubai and the UAE may seem complex, but with the right support, it's simpler than you might expect.
Free Zone Vs. Mainland company setup in Dubai
When establishing a company in Dubai, you have the option of choosing between a free zone company or a mainland company. Free zones provide tax benefits and are overseen by independent authorities, while the mainland falls under the jurisdiction of the Department of Economic Development. Free zone companies allow 100% foreign ownership, whereas mainland companies require a local sponsor.
There are various factors to consider when deciding between a free zone and mainland setup in Dubai. Our experienced team at Fortunes Business will assist you in making the best decision for your business needs.
Free Zone Vs. Mainland company setup in Dubai
When establishing a company in Dubai, you have the option of choosing between a free zone company or a mainland company. Free zones provide tax benefits and are overseen by independent authorities, while the mainland falls under the jurisdiction of the Department of Economic Development. Free zone companies allow 100% foreign ownership, whereas mainland companies require a local sponsor.
There are various factors to consider when deciding between a free zone and mainland setup in Dubai. Our experienced team at Fortunes Business will assist you in making the best decision for your business needs.
The company registration process
The company registration process in Dubai can be summarized as follows:
While these tasks may seem daunting, Fortunes Business offers comprehensive services to handle the entire setup process on your behalf. With us as your company setup partner, the registration process in the UAE becomes hassle-free. Simply provide us with the necessary information about your company, and we'll take care of the rest
- Determine your company's business activity.
- Determine if you need a local sponsor (required for mainland Dubai but not for free zones).
- Choose a suitable company structure.
- Decide on a trade name for your business.
- Obtain initial approvals and external permits.
- Select an office space for your business operations.
- Finalize all fees associated with company registration.
- Receive your trade license.
While these tasks may seem daunting, Fortunes Business offers comprehensive services to handle the entire setup process on your behalf. With us as your company setup partner, the registration process in the UAE becomes hassle-free. Simply provide us with the necessary information about your company, and we'll take care of the rest
The Best Business Setup Consultants in Dubai
With the guidance of our experts, we will guide you through the steps with ease.
Simple
As business setup consultants, we streamline the entire process for you. From choosing between mainland or free zone setup, advising on the optimal business activity and name, to handling all paperwork necessary for obtaining your business license with DED and opening your corporate bank account, we ensure a seamless experience.
Business License
At Fortunes Business, we handle all the heavy lifting, distinguishing us as the premier business setup consultants in Dubai and the UAE. Serving as a one-stop-shop for company formation, we manage the entire process from start to finish. This means you won't have to navigate countless government authorities to establish your business in Dubai—we take care of everything for you.
Financial Incentives
Our process begins with a complimentary consultation conducted by one of our friendly and experienced business setup consultants. During this consultation, the focus is entirely on you and your business. You'll have the chance to ask any questions you may have about company formation, and we'll ensure you're fully informed before proceeding formally.
By the end of your personal consultation, we’ll have a deep understanding of your business and its requirements and you’ll know the best path to take when setting up your business in the UAE.
By the end of your personal consultation, we’ll have a deep understanding of your business and its requirements and you’ll know the best path to take when setting up your business in the UAE.
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Your gateway to business success in Dubai awaits!
Embark on your business journey in Dubai with confidence. Fortunes Business simplifies the choice between free zone and mainland setups. Click to get expert guidance and seamless company registration.
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© 2024 Fortunes Business.
All rights reserved
© 2024 Fortunes Business.
All rights reserved