BUSINESS SETUP IN DUBAI FREE ZONE

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BUSINESS SETUP IN DUBAI FREE ZONE
WHAT IS FREE ZONE IN DUBAI?
WHY TO CHOOSE FREE ZONE FOR BUSINESS SETUP
A free zone is a segment of clearly defined and
isolated land or setting, with a special tax,
customs and imports regime, that is different
from the mainland area (country) usually
involving a status of extra-territoriality. Free
Zones are planned for boosting international
businesses through providing 100 ownership to
The main idea of establishing free zones in
the UAE was for them to serve as a central
business hub for companies willing to conduct
business with the outer world, not
specifically in the UAE. Therefore, UAE free
zone companies are intended to operate within
the corresponding free zone as a hub for the
worldwide operations
expatriates and single window administration
convenience. In UAE, and are not licensed to
operate within the rest of the UAE. As a
result most of the free zone companies during the
initial days were engaged in import and
re-export activities. But today, a large
majority of such free zone companies do
business with their clients in UAE and GCC
through their local distributors.
free zones are either attached to ports or
industry specific.
HOW TO BUSINESS SETUP IN DUBAI FREE ZONE? The
main idea of establishing free zones in the UAE
was for them to serve as a central business hub
for companies willing to conduct business with
the outer world, not specifically in the
UAE. Therefore, UAE free zone companies are
intended to operate within the corresponding
free zone as a hub for the worldwide operations
and are not licensed to operate within the rest
of the UAE. As a result most of the free
zone companies during the initial days were
engaged in import and re-export activities. But
today, a large majority of such free zone
companies do business with their clients in
UAE and GCC through their local
distributors. Each free zone in UAE has its own
set of laws. However, most of the businesses in
the Free Zones fall under the following broad
categories based on their business
activities. Branch of a foreign company (outside
of the UAE) or a branch of an offshore company
(subject to approval of the free zone
authority) Free Zone Establishment/Company
(FZE/FZC/FZ LLC) FZE or FZC are limited liability
entities owned by an individual or corporate
entity. There are slight differences between the
entities. For example, Free Zone Establishment
has only one single shareholder. Free Zone
Company or FZ LLC can have 2 or more shareholders
Dubai over the last few decades has become the
preferred choice for businesses to grow or
expand their business. Not just the already
We know reading the easy steps to establish your
business in Dubai you are excited to start the
journey. But before you
established organisations, but also new
entrepreneurs prefer Dubai to start do that
let us share a few other benefits apart from the
one,
we shared above of easy and minimal steps to
business setup in Dubai free zone.
their new ventures! The reason for this growing
popularity is
Location Culture Economic policies Ease to
operate and start a business Choice to select the
best type of economic zone to give you maximum
benefits
100 foreign ownership. 100 tax-free and 100
repatriation of the profit earned i.e., you
can transfer or send the whole profits earned to
your parent company. For all those businesses who
need to transfer funds to say vendors or the
parent company there is no limit on funds
transfer and no control over foreign currency
exchange. Zero duties are levied on any kind of
goods. Easy procedure while applying for a
business license. Ample office spaces are
available both for sale and rent. Application
for visas for skilled workers is easy and
affordable. No timing restrictions your
business can operate the offices 247
If you are a newcomer to the world of Dubai, by
the time you have read this article, you would
be aware of the benefits and steps to start your
business in Dubai especially in Dubai Free Zone
the most preferred economic zone.
A free zone is an economic zone or jurisdiction
that is identified to exchange goods and
services with superior import and export customs
and other operational benefits.
Below are some of the common documents required
across the different types of free zones to set
up a business in Dubai or the UAE.
RIC The Registry Identification Code Form (RIC)
and the business plan (original and notarized)
Passport Copies Copies of business partners
passports and color pictures
CV CV (curriculum vitae) (summary of
professional history)
License Application license form.
RIC Business Card
Plan Layout Business Plan Layout
Plan Outlay Business Plan Outlay
Banking Banking reference and license of the
partners existing business if required.
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KEY HIGHLIGHTS OF BUSINESS SETUP IN DUBAI FREE
ZONE
100 Foreign Ownership 100 Tax-free Income No
Corporate or Income Tax 100 capital transfer
and profit repatriation Minimum documentation
requirements Access to 3-Year Residence Visa and
Multi-Year License No VAT is applicable for
business transactions within the Free Zone for
selective free zones Access to world-class
infrastructure facilities Most of the Free Zones
have an in-house Customs Checkpoint to allow
easy transit of goods Zero Customs Duty is levied
on imports to the Free Zones. World-Class
Warehouse facilities for storage, packaging
even light manufacturing Global connectivity and
proximity to one of the busiest Airports and
Seaports of the world best for trading
businesses. Ideal for networking and growing!
Smart Steps To Take Before You Setup a Business
In Dubai Free Zone
Establish the business activity
Basis the business activity, i.e., whether you are a service provider, manufacturer, or trader, you must select the free zone.
Choose a business name
Choose the license type
Select/Shortlist o?ce space
If you are a trader, you would heavily depend on the transportation and dealings near the port. Hence, it is ideal to select an office space according to your business requirement
Register the company
Want to Setup a Business in Dubai Free Zone?
CALL NOW
ABOUT US We are Business Setup Consultants, based
in Dubai, managing more than 200 Business in
UAE. With our vast experience, we provide you
cost-effective and best business setup solution.
We understand your needs and get you the work
done at the earliest.
Contact Us Office 303, Bushaqer Block B, Opp to
RED Avenue bldg, Nr. GGICO Metro Station Al
Garhoud, Dubai 971 4 294 3886 971 52 948
6578 info_at_setup-biz.net
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