Free Zone Authorities In Dubai, UAE

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:

• DCCA (Dubai Creative Clusters Authority)
• DMCC (Dubai Multi Commodities Centre Authority)
• Other

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:

• Complete exemption from personal, corporate, and other taxes. 
• 100% foreign ownership
• Complete exemption from expenses like import and export duties. 
• 100% repatriation of profits and capital. 

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.