Benefits of Setting up a Business in Dubai Free Zone

To boost international business, Free Zones (also known as free trade zones) has been designed by providing 100% ownership to expatriates and single-window administration convenience.

Major free zones operating in Dubai

• Dubai Airport Free Zone
• Dubai Cars and Automotive Zone (DUCAMZ), also known as Dubai Auto Zone
• Dubai Design District
• Dubai Healthcare City
• Dubai International Academic City
• Dubai Internet City
• Dubai International Financial Centre
• Dubai Knowledge Village
• Dubai Media City
• Dubai Gold and Diamond Park
• Dubai Multi Commodities Centre (DMCC)
• Dubai Silicon Oasis (DSO)
• International Media Production Zone
• Jebel Ali Free Zone
• Dubai Production City
• Dubai World Central (Dubai South)
• Dubai Studio City

Benefits of Incorporating a Business in Dubai Free Zones

The most fertile ground for setting up businesses is offered by free zones which are equipped with state-of-the-art infrastructure, duty and tax exemptions, world-class business amenities, flexible government policies, and unmatched facilities. The benefits of setting up your business in Dubai Free Zone are:

100% Full Foreign Ownership

Complete foreign ownership is possible if one is forming a free zone company in UAE which means for company formation the foreign investor need not find a UAE national sponsor. It is irrespective of the nationality of the investor.

No Currency Restrictions

There are restrictions in transaction of foreign currencies imposed by the government and known as Currency regulations. UAE free zones have no regulations which make financial transactions easier.

Import/Export Exemption

Free zone jurisdictions in the UAE have no import and export duties that help in promoting international trade.

Full Repatriation of Capital and Profits

Free zone companies are eligible for full repatriation benefits including profits and financial assets.

Easy Labour Recruitment

Labour recruitment formalities are easy and cost-effective in Free zone companies where they are allowed to recruit foreign nationals.

Hassle-Free Company Incorporation

company incorporation procedures in the free zone are simple and straight forward where the licensing procedures is accomplished in less number of days.

Easy Immigration Process

UAE Free zones Immigration facilities are efficient and time saving.

Other benefits include –

• Personal or corporate income or gains are 100% tax exempted
• corporate tax for 15 years is exempted,
• capital deposit not required
• Easy access to air, rail, and road transport systems
• Ready consumer market across MENA and Asia regions
• world-class infrastructure provision with an efficient communication system
• Low start-up and operational cost

Are you looking to setup a company in the Dubai Free zone ? , then you might also want to look into the procedure.

How to Setup Company in Dubai Freezones?

Registering a Dubai Free Zone company is straightforward and usually takes three weeks to incorporate. After the preferred free zone is decided, one have to follow further steps:

• Reservation of the company name
• Renting office premises
• Arrangement for the deeds of establishment and the articles of association
• Getting a corporate bank account opened, and the minimum paid-up share capital have to be injected to receive the bank statement confirmation
• Allocation of budget for the translation and notarization costs of due diligence
• Security of the appropriate business license, granted by the relevant Free Zone Authority

However, there may be certain limitations too in setting up a company in Dubai Free Zone.

• Mandatory for renting office premises within the chosen free zone
• clients or suppliers in Dubai mainland cannot be engaged to conduct business or engage in business activities
• High costs for translation and notarization costs

You must be aware of the attributes and advantages of each one, when you set up a company in a Dubai free zone. For example, if your company will be providing IT services, you should consider the Dubai Media City or Internet City zone, or for a trading company, Dubai Multi Commodities Centre would be equally conducive. When one needs access to airports and seaports, Jebel Ali Free Zone is appropriate for a shipping company.

How can we help in setting up of business?

multiple investment opportunities to investors is provided by Free zones in Dubai along with offering them the flexibility to select a business entity fitting their unique business needs and objectives. To realize your entrepreneurial dreams without worrying about the nonsense, visa applications, documentation, licensing formalities, and residence permits, banking details, etc.; Black Swan Business Setup, Dubai has the expertise to take care of all these requirements. If you decide to open a Dubai free zone, don’t hesitate to contact us, even if it’s for friendly advice.

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Originally posted 2021-09-29 06:22:18.