While thinking about starting a business in any economic zones of the world, most of the people give priority to Dubai free zone. As Dubai is emerging as a business hub and as a global city, doing a business here will help in gaining appreciation and commercial achievements. Dubai has become a major business centre regionally as well as internationally. Though Dubai city was grown on oil industry, the city at present is able to accommodate top international business groups by providing them world class facilities and freedom of export and import activities.
Dubai government has started showering benefits over local as well as foreign business conglomerates as part of encouraging business development in the city. Business people who wish to hold 100% stake in the company can opt for Free Trade zones. These are independent economic zones with liberal company laws and tax rules. A Free Zone Company can apply for tax exemptions as well as reduction in Import and export duties. Moreover, free zone companies should not have to search for Sponsors or Agents to incorporate a company.
Key benefits of setting up a company in Dubai free zone includes:
Our company incorporation services in Dubai Free Zone are as follows:-
Starting a business in Dubai has become very easy these days. There are industry specific free zones throughout the city meant for doing each type of business activity. This includes Dubai Multi Commodities Centre, Dubai International Financial Centre, Dubai Internet City, Dubai Knowledge Village, Dubai Media City, Dubai Airport Free Zone, Dubai Car and Automotive City Free Zone, Dubai Flower Centre Free Zone, Dubai Gold and Diamond Park, Dubai Health Care City, Dubai Gold and Commodities Exchange, Dubai Technology and Media Free Zone, Jebel Ali Free Zone and Dubai Silicon Oasis.
To begin a company is any of the free zones you should register with the UAE commerce and trade centre. Registration procedure involves submitting various business documents. Many times people faced difficulties during the registration time. We are able to offer all kinds of assistance in the registration process as well as post registration process. Our immense experience in the field allows us in providing all kinds of assistances in due course.
You can choose a free zone depending on the type of business activity you are going to perform there. Some of the free zones that are particularly meant for each activity include
The main capital requirement depends on the type of business activity that you are planning to set up in a Free Zone. Specifications regarding the capital requirement depend up on the Free Zone you select for trading activities.
Choosing a legal form depends on the business type, trading activities, nationality of the owner and the preferred ownership options. Some of the common forms are:-
The procedures for setting up a company in a free zone are direct and easy to complete. General steps involved in it are as follows.
Normally it will take 3 weeks to finish the whole procedures. If there is any delay in the documentation procedures, then it will take 6 weeks to finish the registration process.
Free zones are attractive as it provides lucrative options to the companies. Some are the following:-Free zones are attractive as it provides lucrative options to the companies. Some are the following:-
Yes, it is mandatory, below are the property options:
A Free Zone license will give you 100% ownership of your company and complete control of your business. Incorporating your business in a Free Zone also tends to be a cheaper and easier process.
An advantage of a Non Free Zone setup is that this type of license allows you to freely operate in any area of the UAE. Even though a local Emirati sponsor who would have 51% ownership of your company, certain businesses simply work better with a Non Free Zone license. In other words, when you have a Free Zone license, you are allowed to operate only within that Free Zone but with a Non Free Zone license, you will not be restricted to one area.
