Can Foreign Investors Apply For A Free Zone License in Dubai?

Free Zones in Dubai are renowned for offering a business-friendly environment, which attracts investors from around the globe. One of the key advantages of these zones is that they allow for full foreign ownership of businesses. This makes them an appealing option for international entrepreneurs and investors looking to enter the Dubai market. But how exactly does the application process work for foreign investors seeking a free zone license Dubai?

Eligibility for foreign investors:

100% foreign ownership: One of the most significant benefits of a Free Zone License is that it permits 100% foreign ownership of the business. Unlike mainland Dubai, where a local UAE partner is typically required, Free Zones allow foreign investors to fully own and control their enterprises. This provision is particularly attractive to international investors who wish to retain complete control over their business operations and profits.

Business activities and Free Zones: Free Zones in Dubai cater to various business sectors, each with its own focus and specialisation. Foreign investors can choose from Free Zones that align with their industry, whether it is technology, trade, manufacturing, or services. Each Free Zone has its own set of regulations and requirements, so it’s important for investors to select a zone that matches their business activity and needs. Ensuring compatibility between the business activity and the Free Zone’s focus is essential for a successful application.

Application process: Foreign investors can apply for a Free Zone License by submitting an application to the relevant Free Zone authority. The application process typically involves providing documentation such as a business plan, proof of identification, and evidence of financial capability. Some Free Zones also require a detailed description of the intended business activities. The process is generally streamlined to accommodate the needs of international investors, but it’s important to be prepared with all necessary documents and information.

Office space and infrastructure: Most Free Zones require businesses to lease office space as part of the licensing process. Foreign investors will need to select from various office packages, including flexi-desk options or full-service offices, depending on their needs and budget. The availability of modern infrastructure and support services in Free Zones makes it easier for foreign investors to set up and operate their businesses.

Visa requirements: Foreign investors intending to relocate to Dubai or employ staff will need to obtain residency visas. Free Zones offer visa packages that include a certain number of visas for employees and their dependents. The cost and process for obtaining these visas are typically handled by the Free Zone authority, simplifying the procedure for foreign investors.