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These topics should provide a comprehensive overview for anyone interested in setting up a freezone business in Dubai.
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Advantages Of Starting freezone Business In Dubai Free Zones • DubaiisthecommercialcapitaloftheUnitedArabEmirates,housingseveralmultinationalbusinesses,500fortunecompaniesaswellassmallandmediumenterprises.Dubaiistheultimatedestinationforcompaniesinvolvedintrading,tourism,imports,exportsandinnovation-basedsectors. • FreezonesinDubaiareagreatwaytostartabusinessforanyforeignentity.FreezonesinDubaiofferidealofficesetups,boundlessinfrastructure,accesstofreeholdpropertyandcomprehensiveprivacytoinvestors.AlthoughsettingupacompanyinDubaifreezonestakeslesstime,investorsneedtoshowanobligatorycapitalamountintheirbankaccountsandsubmitseveraldocumentation,formsandprocedures. • However,therearemultipleadvantagesofstartingfreezonebusinessinDubaiFreeZones.ButbeforeanalysingthebenefitsoffreezonebusinessinDubai,itscrucialtounderstandwhattypesoffreezonecompanystructurescanbeestablishedinDubaifreezones. • FREEZONECOMPANY:Freezonecompanyiswherethecompanycanbesetupwith2to5shareholdersandaminimumcapitalisinvestedinthebusinessthatneedstobeshowntothefreezoneauthorityofthegivenfreezonejurisdiction.EveryfreezoneinDubaihasadifferentlimitontherequirementofminimumcapital,buttherearealsofreezonesinDubaithathavenoobligatoryconditionofhavingcapital. • FREEZONEESTABLISHMENT:Underafreezoneestablishmentacompanycanhaveonlyoneshareholderasthesoleownerofthebusinessandnootherpartnersorshareholdersareallowed. • BRANCHOFACOMPANY:Abranchcompanyisaperfectoptionforbusinessesthatalreadyhavetheirbaseinsomeothercountryorinadifferentregionorjurisdiction.EvensomemainlandcompaniesstartabranchofficeinDubaifreezonetotakeadvantageofthevariousbenefitsofaFreezone Business Setup In Dubai.Branchofficecompaniesaresetupasalegalpartofaparentcompany,whichisbasedanywhereoutsideDubaifreezones. • NowthatweknowwhattypesofcompanyyoucouldstartinaDubaifreezone,let’scheckouttheadvantagesofstartingafreezonebusinesssetupinDubai– • 100%ownershipofcompany
ThisisoneofthemostimportantandenticingadvantagesthatmotivatesbusinessmenacrosstheworldtostartabusinessinDubaifreezones.Dubaifreezonesoffer100%foreignownershipensuringthatyouhavecompleterightsoveryourbusiness.ThisisoneofthemostimportantandenticingadvantagesthatmotivatesbusinessmenacrosstheworldtostartabusinessinDubaifreezones.Dubaifreezonesoffer100%foreignownershipensuringthatyouhavecompleterightsoveryourbusiness. • 100%importandexporttaxexemptions • Lately,UAEalongwiththemanygulfregionsintroducedvalue-added-taxin2018,alongwithwhichevensomeofthefreezoneshadtohaveintroducedVAT.Yet,thereareseveralfreezonesinDubaithatarestill100%tax-freeanddonotlevyanytaxontheimportsandexportsmadebythebusinesses.Also,freezonecompanieshavenocorporatetaxesorincometaxes. • 100%returnofcapitalandprofits • FreezonesinDubaialsooffersyou100%returnofcapitalandprofits,whichmeanyouhaveentirecontroloverthecapitalandtheprofitsofthecompany. • 100%privacywithlimitedfinancialreporting • FreezonesinDubaiaremonitoredbytherespectivefreezoneauthorities.TheseauthoritieshavetheirownrulesandregulationdifferentfromtheUAEcommerciallaw.Thisallowscompletesecrecyforcompaniesallowing100%privacywithlimitedfinancialreporting. • AddedAdvantages • FreezonesinDubaiprovideasinglewindowsystemforcompaniesthatmakecompanysetupquickandeasy.FreezonesinDubaialsoprovidequickadministrationservices,on-sitecustomsinspectionandonlinecustomerservice. • Apartfromtheaddedadvantages,itisbesttobeguidedbyanexpert– BizTrackBusinessSetupmakesthisprocesssimplerandhelpsyousetupacompanyinDubaiFreeZones.Wecanhelpyoustartafreezonebusinessintheshortestpossibletimeandevenwithoutyourphysicalpresenceinthecountry.Toknowmoresimplycalluson+971 4 529 8794 / +971 50 881 3097. YoumayalsoemailusonAdmin@biztrack.aeorlogontohttps://biztrack.ae.