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Overview
Over the last 20 years, UAE has become a global business hub, known for its location, diversification and investor friendly environment. From being an oil based economy, it now has tourism, real estate, logistics and fintech as major sectors. A big contributor to this transformation is the establishment of Free Zones across all emirates to attract foreign investment and economic growth.
Each Free Zone has its own authority—like Dubai Free Zone Authority—which is responsible for company registration and issuing business licenses to foreign owned companies. Setting up a business in a UAE Free Zone is very attractive to Indian investors as it offers 100% foreign ownership, full profit repatriation, zero import/export duties and simplified business setup. UAE’s tax free environment and world class infrastructure makes Free Zones perfect for Indian entrepreneurs and SMEs to expand globally with ease.
With modern infrastructure, tax-free benefits and streamlined processes, UAE free zones—especially in Dubai—have become the go-to destination for Indian entrepreneurs looking to go global. UAE free zone company formation offers many strategic and financial benefits for Indian investors such as:
100% foreign ownership even for Indian nationals
Zero corporate and personal tax saving a lot on operational costs
Full repatriation of capital and profits ideal for Indian investors managing funds internationally
No import and export duties reducing business expenses
Affordable office and warehouse options perfect for SMEs and startups
Single owner company setup easy for Indian solopreneurs
15 year corporate tax holiday renewable for another 15 years great for long term planning
Confidentiality in business operations for sensitive ventures
Access to international markets especially for Indian exporters and service providers
Lower renewal and setup fees for lean operational models
Permission to own assets, conduct various activities and open UAE bank accounts
Easy exit and liquidation for Indian investors who want to evaluate risk
Staff visas, employee housing and admin services for Indian businesses expanding abroad
Business activity decides what kind of operations you will have for your company; so choosing business activity is important during UAE free zone business setup. So Indian investors must choose a suitable free zone company from the various free zones available.
First you need to decide on the nature of your business and which industry you want to serve. Moreover, the trade licenses Indian entrepreneurs can choose from are commercial trade, consultancy services, educational, media, E-Commerce, freelancer, manufacturing, and industrial.
For freezone business setup you can apply for two types of legal structures. But make sure your business activity and type of business matches the legal structure you are applying for. Moreover, these two types of legal structures are Free Zone Limited Liability Company (FZ LLC) or Free Zone Company (FZ CO.) or Free Zone Establishment (FZE).
Also choose a trade name and get it approved by DED. Make sure your name is unique as it represents your business. Consider the following before choosing any name:
You can choose the location as per your preference from 40+ free zones in the country. However, your office space can only be chosen after you have mentioned the number of employees and nature of business. Indian business owners can choose if they want a furnished office or a partially furnished office for their UAE Freezone company.
Be ready with everything, submit all the documents to the concerned authority and make sure you have read all the mandatory requirements. So prepare all the documents, application form and business plan, copy of trade license, letter of intent, bank reference letter, registration application form and specimen signature of the company’s shareholders. Indian investors should ensure attestation of documents for smooth approvals in UAE Freezones.
Submit all the documents and pay the fee to get the license. For Indian entrepreneurs setting up a UAE Freezone company, it’s important to keep track of the payment structure as the cost may vary depending on the free zone and business activity. Many Indian investors prefer free zones with flexible payment plans and low startup fees to minimize the initial capital outflow.
Colour copy of shareholder(s)’ passport and visa, if applicable
Application form
Business plan
Board resolution
Memorandum and Articles of Association (MAA)
Corporate account opening form
Board of directors’ resolution for opening of account and signatories to the account
Company’s certificate of incorporation
Share certificate
Passports of all partners in the company
UAE’s free zones are extremely popular among entrepreneurs and business owners for setting up companies since they are tax-free zones with free trading ports that can be owned solely by the person setting it up (regardless of nationality).