Economic Zones World (EZW) Free Zone

Headquartered in Dubai, United Arab Emirates, Economic Zones World (EZW) free zone is committed to the ownership, operation, management, and development of free trade zones and industrial parks under the Dubai World Group. 

This free zone was established in 2006 to provide a robust network of infrastructure platforms for such zones and parks across the globe to support the dynamic expansion of its booming international customer base. 

It operates as a subsidiary of DP World FZE. It is a responsible and socially committed global organization that aims to deploy its evolving dynamic and customer-centric business models to grow and maintain a sustainable society wherever it operates while achieving quality commercial success for its corporate ventures. 

The free zone operates in the Middle East, Asia, Africa, Europe, and the Americas.

The Economic Zones World Dubai

The spanning of the business added various major companies to it and thus fostered its growth rapidly. 

Zones Established in EZW

The current portfolio of this zone comprises many renowned regions, including:

• Jebel Ali Free Zone (JAFZA) – One of the world's largest free zones
• TechnoPark – A research-driven business and industrial park
• Dubai Auto Zone – An automobile industry-specific free zone.

Types of Business Entities

1. Free Zone Company (FZCO)

This type of company requires a minimum of 2 shareholders for its incorporation.

2. Free Zone Establishment (FZE)

A sole proprietor or corporate shareholder can establish this type of company.

3. Branch Office

A foreign company may establish its office in EZW as a branch office.

Types of Licenses

1. General License

This type of license is for goods that require special permissions.

2. Trading License

This type of license is used for the import and export of goods.

3. Industrial License

This license is used for manufacturing, processing, and packaging companies.

4. Service License

This license is issued to companies that deal with consultancy, medical services, accountancy, etc.

Steps of Company Formation in EZW

The steps listed below must be followed to establish a business in this zone:

1. Decide on the Right Legal Structure

Select a free zone company structure that is appropriate for your business.

2. Select Your Business Activity

Choose an available business activity according to your respective free zone.

3. Decide on a Company Name

Government regulations must be followed when choosing a company name.

4. Gather the Necessary Documents.

The relevant free zone authority must receive the necessary registration documents.

5. Get your Licence

The license can be acquired after receiving authorities' approval.

Economic Zones World has been awarded the ISO certificate for Business Continuity Management Systems (BCMS). This certification demonstrates EZW’s preparedness in planning, implementing, monitoring, reviewing, maintaining, and continually improving its document management system. 

This also includes periodic improvements to the systems in protecting, responding, and recovering from emergency incidents when they occur.

If you are looking forward to setting up your business here, you are on the right track; and our advisors at Commitbiz are here to help you with the drill. For any queries on setting up a company in Economic Zones World, contact us – we’d be happy to help.