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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.
Also the question is, what is Dubai free zone visa? This type of visas provide temporary residence for three years to foreign entrepreneurs either having a business or wanting to start a business in any free zone across the UAE.
Furthermore, 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.
Also, what is the difference between mainland and Freezone visa? Mainland Company can work anywhere in the UAE, whereas free zone company required the help of a local agent or distributor to work in the non-free zones. An employment visa issued for a Mainland Company is valid for two years whereas free zones visas are valid for three years.
As many you asked, what is the difference between Dubai mainland and Freezone? The fundamental difference between mainland and free zone is that Free Zone Company cannot conduct its operation in non-free zone without the support of a local agent whereas a mainland company freely operates its business activities anywhere in UAE. There are numerous free zones in Dubai.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. The Ajman Media City has various office types – shared, customized, Flexi-desk, etc., with and world-class infrastructure.
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 is a free zone visa?
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).
How does a free zone work?
A free trade zone is a geographical area within a country and can be designated or located anywhere within a country. … Equally, a company could move their production facilities to another country and import the resulting goods to the free zone without paying customs duties or tax.
What is the meaning of Freezone in UAE?
Free zones are geographically demarcated areas within the UAE (even if most of them are not fenced or gated) permitting 100% foreign ownership and are in most cases, dedicated to a specific industry.
Is Dubai a free zone?
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. There are more than 30 Free Zones operating in Dubai. FTZs in Dubai and the UAE are governed pursuant to a special framework of rules and regulations.
Can a Freezone company own property in Dubai?
All free zone companies in Dubai are permitted to own property in the so-called Designated Areas. The free zones in Dubai include DMCC, Dubai Internet City, Dubai HealthCare City, Dubai South and many more. Free zone companies, which are formed in other Emirates, are not allowed to hold property in Dubai.
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.
What is the difference between Freezone and LLC?
LLCs can trade directly with the local market, any free zone, or outside UAE without any restrictions. This applies to all commercial and professional licenses. A freezone license can be incorporated with or without a physical office. … You can easily find offices in Business Bay, Media City or JLT business centers.
What is difference between FZE and FZCO?
Difference between FZE and FZCO: Free zone Establishments have single shareholder. Whereas a Free zone Company are similar to limited liability company. A free zone company has 2 or more shareholders.
Does Freezone sell in mainland?
A Freezone company can open its business in the mainland by registering their branch with the Ministry of Economy and the DED. … The branch can be wholly owned by the Freezone entity and it will have the same trade name as the parent company. There is also a requirement of appointing a UAE local service agent.
Which is the Best Freezone 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)
