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An independent legal entity that can be owned by individual or corporate shareholders. The minimum capital requirement depends on the type of activity.
The license allows an existing local or foreign company to open a representative office or branch within the free zone. The branch will be legally dependent on the parent company.
The license allows an individual to conduct business as a freelance professional. This can be done under the individual’s name rather than the brand name.
Dubai Knowledge Park is the only free zone in the world that offers business opportunities for enterprises specializing in human resources management, technical training, knowledge building, and personal development services.
The partners at Dubai Knowledge Park include some of the biggest knowledge providers, universities, training centers, and consultancies from around the world.
Most Free Zones themselves have a variety of options for coworking spaces, offices, warehouses, and other facilities that are either fully equipped or customised according to your need. Mainland companies can take up commercial spaces anywhere within their emirate of incorporation.
Due to the range of requirements and specifications for each setup, the costs can vary significantly. Worldwide Formations offers its clients exclusive packages starting from AED 5,275 (USD 1,437).
One of the most fundamental distinctions between the two is that a Free Zone company can only do business with the UAE market through a third-party supplier or partner. On the other hand, a Mainland company can carry out B2B and B2C activity anywhere in the UAE.