Dubai and the United Arab Emirates have attracted entrepreneurs from all over the world. This attractive destination offers access to dynamic and emerging markets and magnetizes investors to setup their business in the UAE. Setting up a business in the United Arab Emirates can be very complicated if you are not well-informed and assisted by a professional team. Today, there are several jurisdictions and legal structures offered by the UAE authority to register your business.
But the main reason why entrepreneurs come to start their business in Dubai is the possibility of starting a business in a free zone or Mainland and having several benefits such as:
- 100% Repatriation of Capital and Profits.
- 100% Foreign ownership.
- Developed Business Communities
- Independent Laws and regulations
- Easy Regional, Global Market Access
- Modern and Sophisticated Infrastructure
What is a Free Zone or Free Trade Zone?
A Free zone or Free trade zone is Economic zones in which companies can operate to benefit from a preferential tax, customs, and import regime. But the biggest advantage of setting up a company in a free zone is the possibility of owning 100% of the company’s foreigners. This means that you do not need a local sponsor or partner holding 51% of your company’s shares to open your business in the country! But not only that, there are many tax advantages with these types of companies.
In the United Arab Emirates, there is more than 48 different Free Zones with the same characteristics. However, each Free Zone has its own requirements in terms of activities, Internal regulations, prices, and offered facilities.
Here is the guide for you to help you choose, compare and select the best free zone suitable for your business activity:
How to open a business in the Free Zone in Dubai?
Choose the emirate in which you will register your company.
In the United Arab Emirates, there are seven Emirates, and each Emirates offers the possibility of setting up a company. Each emirate has one or more free zones.
Select the right business activity.
Each free zone offers its own range of activities that an entrepreneur can choose to create his company.
The registry may allow multiple activities under the same license, others may not, but in general, the more activities you choose, the more the license will cost.
For example, DMCC Free Zone located in Dubai allows to choose up to 6 activities under the same license with no additional fee if they fall in the same division (The same first 2 digits of the activity code) and provided they are under the same license type (Trading, Service or Industrial).
IFZA Free Zone located Dubai Silicon Oasis allows to choose up to 3 activities under the same license with no additional fee if they fall in the same license type.
Set your budget.
To get all the cost involved for your company setup, office rent, residence visa for shareholders, Manages and employees, account opening and all the details on the applicable fees for registering your company, please approach to our business setup expert to get the best solutions that fit your budget.
Define the number of visas to be requested under your company.
As an entrepreneur, you will need to obtain a residence visa to stay and operate legally in the United Arab Emirates. Each license entitles you to a certain number of visas. The number of allowed visas can be increased or decreased at any time as per your needs. The quota as well as the cost of a visa differ from one area to another.
FreeZoneMarket.ae is a Platform specialized in company formation in Dubai where business owners can register and renew their company license and get assistance with visas, banks, accounting, auditing, and taxes. We provide a wide range of business setup in Dubai and UAE for businesses and companies. We offer a wide and diverse range of services to our clients!
Register your business in Dubai NOW. We offer outstanding services that will allow your company to operate in the best conditions!
Our multi-language team supports you and takes care of all the administrative procedures for setting up a company and obtaining your residence visas for you, your employees, and their families.
Our office is made up of a team of Corporate Services providers with more than 15 years of experience, accountants, and PROs. Keeping track of your company, we will be the primary point of contact for the registry where your company will be registered.
Do not hesitate to contact us for more information on how to setup your company, please contact us by email or phone on: info@FreeZoneMarket..ae or Mobile/WhatsApp: +971 52 104 6088 Landline: +971 48 76 9890