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Company Setup in Dubai Free Zone - Process & Benefits

Globalization led many countries to offer international trade, however very few offer the lucrative tax benefits as the UAE to set up a business. The United Arab Emirates is known for its business-friendly taxation policies, especially the Free Trade Zones.

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Company Setup in Dubai Free Zone - Process & Benefits

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  1. Company Setup in Dubai Free Zone - Process & Benefits

  2. Company Setup in Dubai Free Zone - Process & Benefits • Globalization led many countries to offer international trade, however very few offer the lucrative tax benefits as the UAE to set up a business. The United Arab Emirates is known for its business-friendly taxation policies, especially the Free Trade Zones.

  3. What is a Free Trade Zone? • Commonly known as the UAE Free Zone, a Free Trade Zone is a designated economic area where businesses can trade goods and services at a very low “preferential” tax and customs rate. • Dubai free zones are especially popular as the city is one of the most vibrant metropolitans in the UAE. With benefits like 100% foreign ownership in the free zones, international brands and entrepreneurs from across the world can benefit from business setup in Dubai.

  4. What is a Free Trade Zone? • At present, there are around 45 free zones in the UAE dedicated to facilitating the setting up and operation of a range of industries. If you are interested , these are the zones you must target. These economic zones have proved to be stellar boosters for the economic growth of UAE, a state entirely dependent on its oil reserves. However, the set up of free zones made way for attracting global investments and establishing international business routes in the emirates.

  5. Why Company Formation in Dubai is Advised? • The UAE is renowned for its oil industry, but strategic and pragmatic policy changes in the last two decades have turned it into a global business hub. The infrastructure in the emirates is at par with most western nations and this has created a diverse global business model that is attracting foreign investors at a large scale. • In simple words, free zones in Dubai are geographical areas where the commodities, goods, and services can be traded without stringent custom regulations intervening in the business processes. Interestingly, for most of the business setup in Dubai in the free zone, companies are taxed minimally and, in some cases, fully exempted. This has encouraged economic activity in these zones and businesses are being profitable as they can focus more on scaling the operations and not worry about capital revenue to be paid to the government as taxes.

  6. Why Company Formation in Dubai is Advised? • Dubai free zones are independent of each other with having their own Free Zone Authority. Depending on which free zone you choose, business registration, license issue, and business operations will be governed by the authority of the zone. Free zones in Dubai have enabled businesses to set up companies within the city and work with local distributors and traders, which was not possible earlier.

  7. Benefits of Business Setup in Dubai • There are plenty of reasons to consider free zones for venturing in the UAE: • Extremely simple and quick business set up • 100% foreign ownership permitted • 100% repatriation of capital and profit permitted • No income tax • No import and export tax • No corporate tax in free zones

  8. Benefits of Business Setup in Dubai • No visa restrictions for staff • Many free zones are exempted from VAT • Dubai is a hub for the fresh and skilled workforce • Single window clearances for administrative work • Highly developed infrastructure gives logistical advantages • Excellent plug-and-play infrastructure

  9. Major Free Zones in Dubai Dubai alone has over 20 free zones in the UAE, which is the largest as compared to any other city in the emirates. The three most prominent free zones recommended for business setup in Dubai are: 1. JAFZA (Jebal Ali Free Zone) JAFZA is the largest Free Zone in the entire Middle East region. Established in 1985, this free zone has quickly developed into a prosperous business hub housing over 8,000 companies including hundred Fortune 500 companies. Manufacturing and trading companies are most common in JAFZA. 2. DMCC (Dubai Multi Commodity Centre) Crowned as the Global Free Zone six times by The Financial Times FDI Magazine, DMCC is a business hub located in the heart of Dubai. It is known for its gold refineries and is home to over 13,000 companies.

  10. Major Free Zones in Dubai 3. DAFZA (Dubai Airport Free Zone Authority) DAFZA is one of the leading airport free zones in the world. Established in 1996, DAFZA gained its prominence due to it its direct access to Dubai International Airport that made it a preferred choice for many international companies. Free zones open up a lot many opportunities but to truly benefit from all the friendly policies you must know how to do things right. Hiring reliable legal consultants in Dubai will help not only in the initial stages of your company formation but can also guide you to take it forward post business set up. Read More

  11. Our Services These are things you can follow when you choose lawyer for your family related issues. VNZ Legal Consultants is here to help you for your problems!! • Company Formation in Dubai • Property lawyers in Dubai • Corporate Lawyer in Dubai • Family Law Dubai Certificate • Attestation in Dubai

  12. Contact Us Suite 17, Iridium Building, Umm Suqeim Road U-BORA Tower 2801-4, Business Bay, Dubai Branch PO BOX 35195 Dubai, AE +971 (0) 45206755

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