Free zones are distinct economic zones with a special status offering benefits to registered companies in custom duty and taxes. These Zones have specialized governing rules of businesses in specific region whereas Department of economic development in Dubai (DED) has jurisdiction over Mainland Dubai characterized by geographical area. Free Zones also differ in company setups in mainland. Though, a Free Zone company formation is relatively easier but it does imply with certain restrictions on its working mechanism.
There is no doubt that Free zone company formulation is cheaper. Also, over the past few decades, it has been quite a trend in the world as investors and entrepreneurs have benefited at large. Mostly because the Free Zones enable businessmen to conduct businesses more freely with the outside world but there are certain regulatory restrictions on its conduct.
Some of the well-established and growing free zones in Dubai include;
Jabel Ali Free Zone
DMCC (Dubai Multi Commodities Centre)
Dubai Media City
Dubai Internet City
DAFZA (Dubai Airport Free Zone)
DIFC (Dubai International Financial Centre)
Dubai South Free Zone
You can choose to setup your business in a number of free zones in Dubai but to have complete grip of your business matters you need help and assistance of a Business setup company that can guide you through the process to adhere to the terms of businesses in a particular Free Zone territory.
The benefits of Dubai Free Zone company formation include:
- Full ownership of business;
- You get exemptions on custom duties;
- Full share of your returns with no personal or corporate tax liabilities;
- You can also opt to share services with other companies in the same Free Zone area;
- Minimum restrictions on your recruitment force;
Licenses required for a Business Setup in Dubai free zone
- Commercial License
- General Trading License
- Trading License
- Consultancy/Service License
- Industrial License
How can you get help for Company Registration in Dubai Free Zone?
Since, there are experts in every field, the best way to proceed to you company formation in Dubai Free Zone is to get assistance from a reputable Business setup company. M the process requires business modeling, financial planning, market data research, implementation according to the set rules and procedures of the regulatory authorities to the specified Free Zones.
Once all the required research, documentation and budgeting is done, you are good to go for the registration of a Dubai Free Zone company.
Moreover, with the Business setup company’s assistance, whole process from registration to issuance of Business License will become easier. As soon as you receive your Free Zone License, you are ready to extract the benefits of your Business in Dubai Free Zone.
For setting up a free zone company in UAE, Contact us and our consultants will help you through the entire process.