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Business Setup in Dubai FreeZones
If you’re thinking of starting your own business and need to set up a Freezone company in UAE, then you have come to the right place! We can help! We offer business setup in Dubai freezones and the UAE.
With our Company Formation Services in UAE, you can get your business up and running in no time. Our experts will help you with all the paperwork and red tape, so you can focus on running your business. Contact us today to get started!
Company Formation in Dubai FreeZone?
Besides being the most populous city in the United Arab Emirates, Dubai is also one of the largest business hubs in the Middle East. For the past decades, Dubai has been without any doubt a top choice for many foreign investors for their business setups.
What is a FreeZone?
“A freezone is an area within a country that offers tax-free and other incentives to businesses” The goal of free zones is to promote economic activity and foreign investment.
The freezones in Dubai and the UAE are special economic zones offering tax-free, 100% foreign ownership, and other irresistible benefits to businesses. Since established in 1987, the freezones across Dubai and the UAE have become one of the most approachable destinations for company formation in Dubai, UAE
As a foreign investor looking to setup a company in a Freezone in Dubai and the UAE, there are a few aspects to consider. One of those is choosing the right freezone that offers your business activities.
Once you’ve chosen the right Freezone for your business setup, you’ll need to get your company registered in the Department and Economics and Development (DED), the body responsible for issuing business licenses in the emirate. The process is easy, and our team of experts can help you with every step.
Advantages of Business Setup in Dubai FreeZones, and the UAE
The advantages of Business setup in Dubai Freezones are many and varied. Perhaps the most significant advantage is that it allows businesses to operate in a tax-free environment. This can save businesses a considerable amount of money and make them more profitable. Additionally, Freezone Businesses are often able to obtain visas for their employees more easily than other types of businesses.
Setting up a business in a free zone in Dubai has a number of advantages, including:
- 100% foreign ownership of the business is allowed
- There is no corporate tax on profits
- There is no personal income tax
- There are no restrictions on the repatriation of company's profits
- There is no import or export duty
- There is no limit being imposed on funds transfer and no controls over foreign currency exchanges.
- The availability of Office Spaces for sale as well as for renting.
Procedure for Business Setup in Dubai Freezone
Business setup in Dubai Freezone is a simple process. However, it requires some time, effort, and resources to complete.
The first step is to choose the right freezone jurisdiction that offers the type of business activity for your business.
- Choose the type of business you would like to set up.
- Choose a Suitable name for your Business (At least 3 Options)
- Get your trade license from the desired freezone authority in Dubai, and the UAE
- Get approval from different authorities for your business to go operational
- Get an Office Space to run your business (Rent or Buy)
- Open a Corporate Bank Account for your Company
Documents Required for Company Formation in Dubai Freezone
When you are ready to setup a company in Dubai Freezone, there are a few documents required in order to complete the process.
The following documents are also required for company formation in Dubai Freezone:
- Application form
- Memorandum and Articles of Association
- Declaration of compliance
- Share certificate
- Good Standing Certificate
- Original incorporation certificate
- Power of Attorney
- Passport copies of shareholders (If more than one)
Cost of opening a company in Dubai Mainland?
Are you looking to set up a mainland company in Dubai? We know every business is unique. So, we have designed a free tool called cost calculator for business setup in Dubai and the UAE that gives the freedom to customize your business setup in Dubai mainland to fit your business needs, making it easy in the most cost-effective way possible.
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