KIKLAB Economic Zone
KIKLAB is a relatively new free zone. Established in 2019, it is one of the most cost effective free zones in the UAE. Conveniently located at a 15 minute distance from the Dubai International Airport in the Mina district of Dubai. The free zone offers investors the unique opportunity to issue a free zone license as well as an onshore license that is governed according to the regulations of Trakhees Authority. KKLAB offers investors a conducive environment for company set up and governance including the best workspaces, visa, banking assistance, and networking opportunity.
Why Choose KIKLAB Economic Zone
Located in the Mina district which is one of the largest ports in the district
Provides advanced infrastructure and services to investors
Flexible license for both Mainland and free zone not limited to any particular activity
Allows 100% foreign recruitment
Corporate and income tax exemptions
A range of office solutions such as offices, executive offices and warehouses available
Type of licenses at KIKLAB Economic Zone
Commercial License – Allows the import, export, and distribution of goods
Professional License – Allows companies to provide professional skills based services
General trading License – Is required for the trading of a large number of goods
Trading license – Allows companies to engage in trade of specific goods
E commerce – Required for electronic commercial activity
Investment – For investment companies or investment holding companies
Mainland – Allows companies to conduct activities outside the free zone
Types of business structures
Free Zone Company
- Can have multiple shareholder who are liable to the extent of their share Branch
- Minimum share capital of AED 150,000
- Branch of a local or foreign company
- Same business activity as the parent company
Free zone Establishment
- Can have a single shareholder
KIKLAB Economic Zone company setup in 3 easy steps
At LegalWorks we will assist you in every step of the KIKLAB Economic zone company formation process from the documentation collection to payment of registration and license fees. We hope to make the entire process easy and straightforward for you.
1.Choose your business structure
The first step in forming your company is determining the license and structure. Our team of specialists will take you step by step through these initial procedures of the incorporation process. We will assist you in determining the license you require according to your business activity and the company structure best suited to your needs. Once this is decided we will help you select and register the company trade name with the free zone authority.
- Submit your online application
Once you have completed the initial procedures, the license registration process for KIKLAB Economic Zone formation can begin, and the required documents submitted. The documents needed for the license include Memorandum and Articles of Association, certificate of incorporation, Emirates ID, and passport copies. Companies must also pay a license registration fee that is dependent on the type of company being set up.
- Payment and collection of license
Our team will assist you in the payment of the license fees. The cost of obtaining a license varies with the type. Once the payment is processed you will receive your license and can begin running your business.
Post licensing is an important part of the setup process . Once you have received your license, the next step is to start the visa process and rent an office space for your newly formed company. There are many different types of office spaces available to companies in the KIKLAB Economic zone. The type of working spaces include a virtual office, co working space, dedicated desk ,and private office. Our team can take you through all office options available and help you choose the right one for your company and number of employees.