There is no better option than Dubai Industrial City Freezone for everyone gearing up to enter the UAE’s market with a solid industrial or manufacturing business. Your business setup in Dubai Industrial City can earn you a wide array of privileges offered by UAE’s booming economy.
After a significant move towards ensuring a business-friendly ecosystem for foreign investors in the UAE, the Emirates’ government has eased down its policies and process to get trade licenses in the UAE. Therefore, the business setup in Dubai Industrial City is attracting more foreign entrepreneurs and investors than ever before.
In the following blog post, we will give you step-by-step insights into the entire process that leads to company formation in Dubai Industrial City. Let’s discuss this in detail with all the benefits and facilities you can expect by creating a business setup in Dubai Industrial City.
How to Set up a Business in Dubai Industrial City Free Zone?
Wondering how to set up a business in Dubai Industrial City? Below are the crucial steps necessary to create a business setup in Dubai Industrial City:
Step 01 – Choose Your Business Activity
The process of company formation in Dubai Industrial City starts with choosing your business activity. The cost of setting up a business in Dubai Industrial City and the type of your trade license are determined by the business activities you will target.
Dubai Industrial City offers six more sub-zones to facilitate different businesses based on their business activity.
Zone 1 – For Food and Beverages
Zone 2 – For Transport Equipment & Tools
Zone 3 – For Mechanical Equipment & Machinery
Zone 4 – For Mineral Products
Zone 5 – For Healthcare Products
Zone 6 – For Chemical Industry
Getting a trade license and company registration process may vary depending on your business activities. For instance, you might need additional approvals from the relevant authorities for a particular business activity. But the general process of creating a business setup in Dubai Industrial City is almost the same.
Step 02 – Register your Tradename
Your tradename is your business identity that reflects your individuality, niche, market, and vision of your business setup in Dubai Industrial City. Therefore choosing a unique and relevant tradename for your business is a prerequisite to the rest of the process.
To know whether the tradename you choose is available, you need to check for the availability of your finalized tradename on the Dubai Department of Economic Development (DED). If your tradename is available, the next step is to register your tradename with the DED.
To avoid rejection, it is recommended to ensure that the tradename you choose must stay consistent with the moral and religious values of the UAE. Ensure that the user name you select shows no inclination towards any group, sect, religion, race, etc.
Step 03 – Apply for Trade License
Getting a trade license is the most vital step in your journey that leads to your company formation in Dubai Industrial City. Dubai Industrial City is the FreeZone jurisdiction in Dubai. Therefore, you need to apply for the trade license with the Dubai Department of Economic Development with all the required documents and approvals. The list of documents, approvals, and mandatory prerequisites necessary to get a trade license is discussed in the next section.
Step 04 – Finalize your office space
You are still on your journey to create a business setup in Dubai Industrial City. Before final approval of your case, it is mandatory to provide proof of ownership or rental agreement of your physical business location.
As we have discussed earlier, one of the leading facilities of Dubai Industrial City is the easy availability of spacious and feature-rich office spaces as well as modern warehouses and open yards. Depending on your budget, you can either purchase or rent a furnished or non-furnished office space. The office spaces, manufacturing hubs, and warehouses available in Dubai Industrial City share quick access to wide highways, international airports, and modern seaports like Jabel Ali Port.
Step 05 – Final Approval
The final approval is your permit to start your business operations in Dubai Industrial City. The general process that leads to the final approval of your business registration is straightforward. But the requirements and liabilities may vary depending on your trade license type and the business activities you will integrate under your business entity. Therefore, it is recommended to opt for a trusted and experienced business formation service to create a business setup in Dubai Industrial City. If you need help finding one, Airzone will help you connect with exemplary business formation service providers. Once you have all the final approvals, open a business bank account and start growing your business.
Company Formation Requirements for Dubai Industrial City Freezone
Creating a business setup in Dubai Industrial City requires you to fulfill some legal liabilities as per the UAE’s corporate law and legal structure. You must satisfy the following prerequisites for your company formation in Dubai Industrial City.
Initiate a business registration application with the DED
Providing your business’s memorandum of association
Getting your Trade License
Submitting an application for an establishment card to the Ministry of Labor (issued by the UAE Ministry of Foreign Affairs). The documents required for the said case include:
Passport of UAE sponsor/shareholder (in case of shared partnership in Mainland – Shared partnership is no more mandatory after 2020 amendments in the UAE corporate law)
Old Immigration card
A valid Trade License
Copy of Passport with valid visa page of all shareholders for Free Zone Company
Confirmed and potential employees must be registered with the Ministry of Labor, with the documents required as under:
UAE’s Residence Visa/Work Visa
Copy of Passport with valid visa page
Employment Agreement
Labour card
Emirates ID
Benefits of Setting up a Business in Dubai Industrial City Freezone
Your business setup in Dubai Industrial City allows you to enjoy the perks of skyrocketing UAE economy and its ideal geostrategic location with the neighboring South Asian, GGC, and African Countries. Some of the significant benefits of company formation in Dubai Industrial City include:
100% ownership of your business as a foreign investor
No need to collaborate with a local partner or sponsor
0% personal and corporate tax
Liberty to choose from a range of legal forms of your company with a variety of trade licenses
State-of-the-art business infrastructure with modern IT and communication system
Promising growth opportunities for businesses gearing up to step into the industrial and manufacturing domain
0% tax on the Import/Export of goods, raw materials, or industrial equipment
Modern nearby ports like Jebel Ali Port
business-friendly ecosystem
Modern banking system
Liberty to hire international talent from anywhere in the world
Facilities Available in Dubai Industrial City Freezone
The facilities offered by Dubai Industrial City are known to ensure hassle-free, smooth, fast-paced, and affordable business operations. Some of these attractive facilities of Dubai Industrial City include
Modern inventory locations and warehouses for businesses of all scales
Retail outlets or showrooms
Furnished and non-furnished office spaces
High-speed Internet connectivity
Affordable labor accommodation options with all the required facilities
Open storage yards
Best Businesses to Start in Dubai Industrial City Freeone
The prime focus of Dubai Industrial City is to engage business entities linked with light and medium-scale manufacturing. The industries that get the most benefits by creating an existence of their business setup in Dubai Industrial City include:
Food and beverage industry
Base metals manufacturing
Transport equipment and tools
Mechanical equipment, gears, hardware, etc
Workshops
Healthcare
Industrial-scale producers of chemicals
Mineral products
License Options & Cost in Dubai Industrial City
The trading license cost in Dubai Industrial City may vary depending upon the legal form of your business, the nature of business activities, and the scale of business. You can expect an overall trade license Cost in Dubai Industrial City of around AED 30,000.
You can choose from the following trade license types to register for your company formation in Dubai Industrial City.
Cost to Setup Business in Dubai Industrial City Freezone
Apart from a trade license that costs you up to AED 30,000, the cost to set up a business in Dubai Industrial City varies significantly depending on the scale of your business operation. For instance, if you are linked with manufacturing metallic equipment like gears, machines, or other mechanical parts, you need high-end machinery and an expensive industrial setup for your daily operations. The cost can be significantly lower for the businesses involved in manufacturing chemical products, synthetic plastic items, etc.
Business Activities Allowed & Restricted in Dubai Industrial City
The business activities encouraged and allowed in Dubai Industrial City include
Food and beverage industry
Base metals manufacturing
Transport equipment and tools
Mechanical equipment, gears, hardware, etc
Workshops
Healthcare
Industrial-scale producers of chemicals
Mineral products
The Legal obligations of Dubai Industrial City align with the legal framework of UAE and the state laws applicable in Dubai. Therefore, business activities that are strictly prohibited in Dubai Industrial City include all the activities linked with the production or selling of alcoholic beverages, illegal drugs, and activities associated with gambling.
FAQs about Company Formation in Dubai Industrial City Freezone
What is Dubai Industrial City?
Dubai Industrial City, also known as Dubai Industrial Park, is the Freezone jurisdiction in Dubai. It is located near Jebel Ali International Airport and Al Maktoum Aiport. It is one of the UAE’s prime business locations and great industrial hubs.
The infrastructure of Dubai Industrial City was built between 2004 and 2015. The city spans a 560 million square foot area and already houses 200 businesses in addition to other amenities like a large conservative zone and schools. Currently, it employs over 10,000 people.
Do I Need a Local Partner to Start My Company in Dubai Industrial City Free Zone?
Dubai Industrial City is a Free Zone jurisdiction in Dubai. Therefore, you don’t need any local partner, sponsor, or shareholder for your business setup in Dubai Industrial City. Even recent amendments in the UAE corporate law spared mainland businesses from collaborating with the local partner except for the selected business activities.
Can a Foreigner Start a Business in Dubai Industrial City Free Zone?
Yes, foreign investors can easily start a business setup in Dubai Industrial City after getting their trade license and final approval of their case. They are allowed to hold 100 percent ownership of their company in Dubai Industrial City.
How Many Days Would It Take To Get My License for My Business in Dubai Industrial City Free Zone?
Dubai Department of Economic Development handles your case of business approval and trade license issuance. It can take 3 months for the issuance of a trade license. But once your application gets approved, you will be informed within 15 days of approval.
How Can Airzone Help You Set up a Business in Dubai Industrial City Free Zone?
Airzone can help you connect with the UAE’s most trusted and experienced business consultancy and company formation service providers. We can help you get in touch with the right people who can help you with trade name registration to get a trade license for your business setup in Dubai Industrial City or any other Freezone or Mainland Jurisdictions.
Our trusted partners have rich experience assisting businesses of all scales with company formation ventures in the UAE. Connect with Airzone now and gain access to the exemplary business formation service or consultancy provider in the UAE for a hassle-free business setup journey.
So that’s it. This wraps up our guide on business setup in Dubai Industrial City. If you want to learn more about how to set up a business in Dubai, we suggest you read our detailed guide. We also have comprehensive articles on various free zones in UAE, just like Dubai Industrial City, if you need more information about that.
Dubai Industrial City Free Zone Business Setup Costs
Calculate Company Formation Costs for Dubai Industrial City Free Zone
