Are you thinking about starting a business? If yes, then Dubai-free zones are the perfect place for you. Dubai and UAE have become the most favorite destinations for entrepreneurs. The tax benefits and ample opportunities make them a perfect place to start a new business. The infrastructure of Dubai is incomparable and allows entrepreneurs to enjoy several benefits.
Running a business on either mainland or the free zone will be a smart move given the world-class infrastructure and facilities you get. However, a free zone is better in many aspects. Let’s look at all the details in depth.
Free zones are economic trade zones where people trade goods and commodities at lower tax and customs rates than the generic ones. These zones are ideal for doing business and are often referred to as free trade zones as well. Many people often confuse free zones with offshore trade companies, but it is far from true. The free zones in Dubai are located onshore, but they meet certain requirements. Such barriers and conditions make these zones special.
You can find around 67 free zones in the UAE, and every year, new zones are added to the UAE free zone companies list. These zones house over a hundred thousand companies within the country. The number of companies setting up their business in these zones is growing with every passing day. Any company that is formed within these zones is classified as a free zone company.
Setting up a business in a free zone is not a big challenge, the cost of setting up free zone companies in Dubai is around 12,000 AED. However, the actual amount you need may vary depending on the visa and certification needs. Setting up a company in a free trade zone is also beneficial if you wish to diversify your business. Now, the companies are allowed to open branches on the mainland or in other countries as well. Registering with the same trade name will give you the freedom to take your business to the next level and maximize your ROI.
Although most Dubai free zone companies are allowed to do general trade and provide services, there are a few free zones in the UAE for specialized industries or sectors. Check out this list of free trade zones in Dubai.
There are many benefits of free zone companies in Dubai, you can get tax savings and reinvest that amount to get maximum ROI. In addition to this, scaling your business to the next level is also easier when you set up a company in a free zone. If you are wondering about the benefits of setting up a company in a free zone, here are a few top benefits you can leverage.
Selected Free zone companies are allowed to do business in Dubai mainland, but these companies will need necessary approvals from the free zone. Obtaining a NOC will allow them to open an office anywhere on the Dubai mainland. However, some Dubai free zones do not allow companies to conduct direct business in the Dubai mainland. These companies are only allowed to trade internationally, or with companies that are based in the same free zones. Thus, you must check the trade rules of UAE free zones before setting up your business in them. It will help you plan, and ensure you acquire the necessary certificates to conduct your business.
Setting up a company in Dubai Free zone can lead to many advantages including:
Being in a free trade zone in Dubai lets you enjoy several tax benefits. Tax benefits directly mean you can keep more profits and enjoy better margins. In addition, business owners have levied a 0% income tax rate, and no custom taxes as well. Thus, you will get to save more on taxes and reinvest that amount back into your business. However, Dubai free zone companies are required to pay VAT in a non-gated free zone.
Free zones in Dubai also permit 100% foreign ownership. This benefit is extremely important for foreign investors. They can set up their businesses in the free zone and gain complete ownership. This also means the companies will also enjoy numerous tax benefits. Foreign ownership makes the deal more attractive to investors as they will have complete control over the company.
Free Zones in UAE are designed for investors. These zones include all benefits to attract entrepreneurs. You will experience a range of perks and complete support to set up and run your company from the Freezone. The process for registration and set up is also easy for Dubai free zone companies to ensure business wonders can easily set up and get started. You can enlist the help of companies and lawyers to help you with the process and get your business registered in the free zone.
The free zones in Dubai are meant to support businesses and business owners. To support them to every degree, some of these zones cater to the needs of specific industries. This is why you must identify the best free zone for yourself according to the nature of your business. Once you have identified the best free zone for yourself, you can move on to acquiring the licenses and permits for that free zone.
There are many free zones in the UAE, and choosing the best one for yourself can be a challenge. There are many companies and authorities to help with Dubai free zone companies set up, and DCCI Info is one of them. These members will assist you in the process and ensure you choose the right one and follow the right steps to complete the setup.
With their help, you can form a company in one of the best trade places in the world and take your business to the next level. These providers will help you acquire all the permits and licenses and make the experience smooth for you!
The companies in free zone Dubai enjoy numerous benefits. Setting up a business in these zones could be a smart decision for investors and business owners. If you want to enjoy tax benefits and the world-class infrastructure of Dubai, setting up a company in the Free zone will be the best decision for you.
Free zones in Dubai are also called free trade zones. Companies operating in these zones are exempt from all types of taxation like Value Added Tax (VAT), Corporate Tax, Income Tax, Customs, etc. Currently, you can find 24 free zones in Dubai, and these zones are divided into three major categories by the official UAE government. The major categories are as follows:
When registering a company in a free zone, you must do so with thorough research. You should assess your business plans and models and choose a free trade zone that best aligns with them. Once you have selected a free zone for your business, it is recommended that you go with a reliable consultant. The consultant will take care of everything from license to paperwork. Find the most experienced consultants for your needs by going through this list.
To set up a company in the free zone, you should start by deciding the type of business you wish to set up. Once you have decided the type of business, you should select a free zone that best aligns with your business model. After choosing the free trade zone, you should get a license and all the necessary documents. After completing the documentation, you need to open a corporate account, and you are nearly done. But it is recommended that you enlist the help of professionals, and to get the most reliable assistance, check out this list of the best UAE free-zone company formation services.
You can gain plenty of benefits by setting up your company in the Dubai free zone. One of the most notable benefits you get is tax exemption, you will not be required to pay any tax. Apart from tax exemption, you also get full foreign ownership, protection of activities, no requirement of a sleeping partner while setting up, etc.
A free zone can optimize the movement of goods. All the necessary goods are moved between individual countries in the zone, which offers an opportunity to either disallow imports or secure them from third-party countries; this is why free zones are the most important types of trade zones.
Free trade zone is a region in which a group of countries has signed a free trade agreement. In this region, the countries maintain little to no barriers to trade. These free zones facilitate international trade and international division of labor. Free trade zones have costs and other benefits that benefit the consumers.
Establishing a company in free trade zone can have several benefits including:
Companies also receive additional benefits like a promotion from networking and training events which are free to attend. Numerous business opportunities from these events, and a chance to connect with business owners by conducting meetings for small fees.
When deciding to establish a company in a UAE-free zone, you should enlist the help of a professional. These experts have relevant experience, and they can provide all the licenses and documents for easy establishment. You can find trusted professionals by going through this list of the bestUAE Free Zone Company Formation Services.
After deciding which type of company you want to establish, you should visit the Free Zone Administration Department to acquire a license for a fixed fee. If you are looking for some external help, you can enlist the services of the best UAE-free Zone Company Formation Services.