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In free zones, the most common type of residence visa is available through an employment contract with a free zone company. This type of UAE residence visa is valid for up to 3 years. Entrepreneurs aiming for their registering a company in Dubai can attain residence through an employment visa or investor visa.
Best answer for this question, what is the meaning of Freezone in Dubai? Free-trade zone in Dubai, (FTZs) are special economic zones set up with the objective of offering tax concessions and customs duty benefits to expatriate investors. … FTZs in Dubai and the UAE are governed pursuant to a special framework of rules and regulations.
Considering this, how can I get Dubai free zone visa?
- Step 1: Register for E-Channel services. The first step to applying for your UAE free zone visa is registering for E-Channel services.
- Step 2: Entry permit.
- Step 3: Status change.
- Step 4: Medical fitness test and Emirates ID registration.
- Step 5: Residence visa stamping.
Also, what is the benefits of Freezone visa? The key advantages of having a free zone visa are: Tax exemption. The visa means that you’ll be exempt from paying import, export or personal taxes. You’ll also be exempt from paying corporate taxes for a specified period of time – and this can be renewed at a later date.
Likewise, what is the difference between Dubai and free zone visa? What is the difference between the Dubai mainland visa and a free zone visa? The validity of mainland company’s employment visas is two years, while the free zone visa is valid for three years. … Whereas with a free zone visa you have to consult a local agent to be able to work in non-free zone companies.A free zone optimises the movement of goods between the individual countries in the zone and offers the opportunity to either secure or disallow imports from third party countries. The most important types of free trade zones are free zones, free port zones and export processing zones.
Which free zone is best in UAE?
- Jebel Ali Free Zone Authority (JAFZA)
- Dubai Multi Commodities Centre (DMCC)
- International Free Zone Authority (IFZA)
- Fujairah Creative City Free Zone.
- Sharjah Media City Free Zone (Shams)
- Sharjah Publishing City Free Zone (SPCFZ)
- Ras Al Khaimah Economic Zone (RAKEZ)
What is the meaning of free zone visa?
In free zones, the most common type of residence visa is available through an employment contract with a free zone company. This type of UAE residence visa is valid for up to 3 years. … Free zone visas are obtained solely from the Immigration Department (GDRFA) without the necessity of contacting the Ministry of Labour.
How much does a free zone visa cost?
The visa application fee is AED 4,670. This includes the visa fee, typing fees, medical test, residence visa stamping, and Emirates ID card. An additional fee of AED 920 is due if the visa applicant is in the UAE. A security deposit must be made of AED 2,500 (refundable upon cancellation of the visa).
What is a free zone Establishment in UAE?
Free Zone Establishment (FZE) is a single share holder limited liability company which can be incorporated in all UAE Free Zone. However Free Zone Company (FZC) will be a similar incorporation with multiple shareholding (maximum 5 shareholders).
How do I know if my visa is free zone?
- Open the app.
- Select the Services label.
- Click on Entry Permit / Residence Status.
- After that, select Residence Inquiry.
- Enter your details, which typically will include visa code, first name, nationality, and date of birth.
Is there any ban for Freezone visa?
Usually free zones do not impose bans on employees. But they may impose ban if the employer requests it. It depends on the circumstances that lead up to your dismissal or termination of contract. But if you have resigned from your job, there is no labour ban within free zones.
What is the difference between mainland and Freezone visa?
Mainland license allows you to apply for an unlimited number of visas for as long as your office space meets the required size. Free Zone license does not require an office space. However, if you need one, you should have it within your chosen UAE Free Zone. Mainland license requires an Ejari or office space.
What is the cheapest Freezone in UAE?
Ajman Media City is the cheapest free zone in UAE. This freezone offers investors a range of business activities and business license types at the lowest cost.
What is the minimum salary to get family visa in UAE?
Both, employers and employees with a valid UAE residence visa can sponsor residence visas for their families. Unlike before, employees can sponsor their families regardless of their job titles if they earn a minimum salary of AED 4,000 or AED 3,000 plus accommodation.
How many types of free zones are there?
There are three types of Free Zones: Industrial Free Zone for the importation of raw materials for manufacturing of products for exportation. Commercial Free Zone for the importation of general goods for subsequent sorting, mixing, re-bagging, re-labeling or further processing into finished products for re-export.
How many free zones are there in UAE?
There are around 40 Free Zones operating in the UAE, with more under construction. Each Free Zone is designed around one or more commercial categories and only offers licences to companies within those categories.
