Is It Possible to Get Permit for Freezone Companies to Operate in the Mainland?

According to some recent developments, there are two fundamental geographic locations through which one can begin a business in the United Arab Emirates (UAE) – Freezone and the Mainland. These two have their very own points of interest and drawbacks relying on the movement and business type. While Mainland Company enlisted with DED is permitted […]

Can a Free zone company do business on the mainland?

No. But a company registered in the Free Zone wants to do business in mainland, Bizvest can help you get an initial permission from the respective free zone authority. Then, we will guide you to approach the local Department of Economic Development in the respective emirate for fulfilling licensing requirements. Bizvest can provide its service […]

What are the requirements for initial approval for setting up a business in Free Zone?

The following documents are required to secure the initial approval: Completed application form Business plan Copy of existing trade license/registration certificate (if you are an existing company, this is applicable for local company only) Colored passport copies of the company’s shareholder/s and the appointed Manager/Director for the new company Specimen signature of the company’s shareholder/s […]

How do I choose an office space for setting up a business in Free Zone?

You can either buy or lease office spaces in free zones. Office requirements depend on the number of employees and type of business activity of your company. If you wish to set up your business in DMCC , there is a flexi desk of 20-30 sq. m., a flexi office of 200-265 sq. m., or […]

Please provide some insights on securing a business license for Free Zone?

The type of business license you will apply for depends on the primary activity of your business. Types of business activities you can conduct in a Free Zone depends on the Free Zone itself. For example, twofour54 focusses on Media and Broadcasting. In DMCC, there are about 600 business activities to choose from. This includes sectors […]

How do I choose a trade name for starting a business in Free Zone?

The free zone authority or the respective Department of Economic Development will have a set of rules on the permitted trade names and whether the intended name has already been registered. For example: twofour54 does not allow ‘Abu Dhabi’ and/or ‘United Arab Emirates’ in the name of the FZ-LLC or the branch. DMCCs too have a […]

What is the Capital requirement for a business set up in Freezones?

It depends from one Free Zone to another. There is no minimum capital requirement at twofour54 Abu Dhabi (this free zone is named after the geographical co-ordinates of Abu Dhabi (24° N, 54° E), catering to the demands of the region’s media industry. BBC, CNN, FOX Television, National Geographic Channels, Sky News Arabia, Cartoon Network, Ubisoft, […]

What are some of the key steps to start a business?

Determine the type of legal entity Choose a trade name Apply for a business license Choose an office space Get pre-approvals, register your business and get your license Freezone Company Formation Advisory Services   Instant License

What are some advantages of starting a business in the Freezone?

Establishing a business in the freezone allows 100 per cent foreign national ownership and there is no need of a local sponsor or local service agent. Waiver of corporate taxes (time-bound and renewable for further periods) Freezone companies are exempted from personal taxes and import & export taxes. Import- Export duty of 5% on the […]

What is the difference between starting a business in Mainland and Freezone?

The main differences between an LLC and a free zone company (FZC) in the UAE are the mandatory requirements to open a business organization and the limitations of the business activities that are permitted. The limitation is that a free zone company can undertake business activities inside the free zone area and outside the UAE, […]