Dubai as the economic hub of the UAE, accounts for dozens of new businesses being setup each year. However, understanding a business need can be easier said than done. That’s why investors search for the veracious setup service to help them through the demanding business processes.
Why the city attracts new investors each year?
- Tax free environment:
- No income tax or corporate tax
- No limit on repatriation of profit
- Political and economic stability
- Pro-business government regulation
- World class logistics and IT infrastructure
- Comprehensive legislation, protecting and encouraging investors’ interests
- Extensive foreign trade network
- Competitive pricing
Setting Up a Free Zone Business in Dubai
Which Free Zones are there?
Among the7 Emirates in UAE, 5 of them have functioning free zones. These five welcomes foreign investors. As the number is increasing, the impact has deepened on its economy.
The location of these are:
Emirates of Dubai, Fujairah, Ajman, Sharjah, Ras Al Khaimah. The set up costs, focus and paperwork varies among these cities but the basic requirements for each are more or less the same.
An excellent environment for business investors all over the world in UAE:
The Jebel Ali Free Zone is renowned for the flexible regulations which are the benchmark & lucrative incentives.
Dubai is not a desert anymore with dry hot weather and difficult working environment; it has now become an exceptional business world for numerous investors around the globe. It offers the most liberal and striking operating conditions where rules and regulations are concerned.
Basic requirements:
- A trade license is must for any of the free zone company concerning the activity and running of the business it intended. The renewal of the license is due annually every year.
- It should have own an office on its name no matter if it is rented or personal property. The license renewal is required every year.
- A Manager authorized to represent as the legal representative of the company.
- At least one shareholder is necessary and assigned to share capital.
Limitations
A freezone company is not permitted to trade directly with the UAE market. But it can undertake trading business inside the UAE only through locally selected distributors. Customs Duty of 5%, at present, is applicable for carrying the goods in for native business.
There are attractive schemes for the profit of investors. However, they are distinct from each other. Therefore it is necessary to study the facilities thoroughly offered by each.
We can help you in different types of registration for companies in Dubai Free Zone
- Having advantage of one shareholder you can opt for Free Zone Establishment (FZE)
- If you have more than 1 or multiple members you can choose Free Zone Company (FZCO or FZ-LLC)
- If you just want to open a Branch Office for entering the UAE market we will definitely help you.
In Dubai, free zone companies are tax-free but they are very strict by autghorities in term of auditing. We are providing these services by our sister company Abdulrahman Alnuaimi Auditing of Accounts known as the best auditing firm in DMCC – (aabdxb.com), DIFC, DSO, DAFZA and JAFZA.
Business Start Capital Gives You the Benefit of:
Choosing the terms that fit your industry the best, full or part-time space, short or extended terms.
Whether you wish to grow, downsize or adapt. We give you what’s spot-on for you
Let’s you select from a range of locations every place your business needs to be
We help you stay active in today’s ever-changing marketplace, and provide you the opportunity to move forward with the flexibility and face challenges without difficulty. Get in touch with us to avail the best or call us for further information.