Why Set Up A Business In Dubai? With the business community changing almost every day, several new cities and countries have become the hotspots for entrepreneurs. One of the leading names in this is Dubai. Dubai has seen immense growth with it comes to entrepreneurial efforts in the last few decades. This has further led several new businesses to expand their business to this city. It has the right infrastructure and consumers and can help take your business to the next level. Here you learn in more detail about free zone company setup in Dubai.
What Are The Two Zones You Can Start Your Business In? The Dubai government has laid out quite a smart plan to help the residential entrepreneurs as well as foreign entrepreneurs. They have divided the city into two zones, namely the mainland and the free zone. As the name suggests, the mainland zones are located in the busiest spots of Dubai. This is where any residential entrepreneur can get their business setup in Dubai. However, it has several strict rules and regulations the entrepreneurs have to follow and is not at all suitable for a foreign investor. On the other hand, the free zones are located on mostly the outskirts of the city but can provide several amenities to entrepreneurs.
Why Should You Choose A Free Zone To Start Your Business? Not a lot of people know, but free zones, more commonly known as free trade zones, were designed mainly to boost international business in Dubai. They provide quite a few facilities that mainland zones are not able to, and the government scrutiny is also to a minimum. Some of the main reasons why you should consider free zone company formation UAE Dubai are as follows: ● ● ● ● ● ● ●
100% foreign ownership Zero currency restrictions Exemption of import/export duty taxes Convenient labour recruitment Total repatriation of profits and capitals Simple immigration process Hassle-free company incorporation
How Do You Set Up A Business In A Dubai Free Zone? The process of business setup in the Dubai free zone is quite simple and straightforward. Usually, it takes about three weeks to incorporate and can be done quite easily as well. After you have decided on your preferred free Zone, you have to: ● Reserve a company name ● Rent the office space ● Arrange the articles of association and deeds of establishment ● Open a corporate bank account and receive a bank statement confirmation ● Allocate a particular budget for translation and notarise the diligence cost ● Secure the relevant business licenses and get them granted by the appropriate free zone authorities
Do You Require Professional Help For This? Even the process might seem easy and quite simple, there are several intricacies that a foreigner would not know or even understand about free zone company registration in Dubai. Without the proper knowledge or guidance, the process might go wrong or be more time-consuming. If you want to get on with your business as soon as possible, it is best to seek professional help. They have prior experience as well as the expertise to help you with the same.
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