Free Zone Company Formation in Dubai Gets Thrive With The Launch of One Free Zone Passport

Payal Thakkar
Nov 3 · 3 min read

Starting a business in one of the many attractive free zones in Dubai is a common approach for aspiring business investors. The free zones of Dubai achieve the peak of demand through the robust business-centric ecosystems, that pushes the boundaries of growth to newer heights. Everything is now set to get better.

What is this One Free Zone Passport Scheme?

Just recently, the Dubai Free Zone Council, in its 13th meeting, announced the launch of “one free zone passport” scheme, among other initiatives to “boosting its attractiveness for international companies” and reviewing the progress thus far in making Dubai the leading investment and business hub, the Khaleej Times reports.

The one free zone passport scheme, as the name suggests, is an initiative aimed at international businesses to help them thrive in Dubai free zones, not in one, but more than one, at the same time, without the need to obtain more than one licence of the sake.

What Does This Imply to Free Zone Company Formation in Dubai?

Merely stating, twenty-four free zones are operating in Dubai. With the one free zone passport, prospects of Free Zone Company Formation in Dubai is being aimed to enrich further international businesses, enabling them to set up operation bases in more than one free zone, without the need to apply for a second licence.

Since there are multiple free zones in Dubai, dealing with a plethora of products and services, businesses seeking to operate in more than one vertical will be immensely benefited with this one-passport-for-all-free-zone scheme.

Adjoining Initiatives to Boost Free Zone Business Setup in Dubai

Apart from saving significant bucks for businesses in not needing to pay for licence fees for business setup in Dubai free zones, another initiative has also been proposed: to allow the licence holders to take up rental contracts for a period that is double the current one, that is from 25 years to 50 years.

According to Gulf News, this proposal of extending more significant time-frame for rental contacts, if passed, will be implemented in association with the Dubai Land Department. The plan is aimed at “providing a larger pool of real estate options for companies” the media outlet reports.

Starting a Business in One of Dubai’s Free Zones

Starting a business in one of Dubai’s 24 free zones is quick, hassle-free and fluid, least you have got the guidance of a suitable business consultancy service. The rules are quite similar and on par with the rest of the Emirates’ free zones.

Starting with a well-conditioned plan and advanced vision, you’re supposed to decide the legal entity of your business. The next step would be to fix a proper trade name and then applying for the licence. Lastly, you’ve got to select the space for setup, get the pre-approvals and the permit, before finally registering the business.

At Business Link UAE, you get industry-leading guidance for the above at best prices in Dubai.

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Payal Thakkar

Written by

Payal is working as a digital marketing expert for one of the leading business consultants in Dubai. She has 3+ years of experience in SEO & digital marketing.

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