News & Articles
You Should Set Up a Company in Dubai Free Zone: Here’s Why!
Are you an entrepreneur looking to tap into the thriving business market of Dubai? And if so, what does it take to set up company in Dubai free zone?
A free zone is a special economic zone that offers businesses a range of benefits, including tax exemptions and access to infrastructure and support services. They are typically used for international trade and investment, and may be located near transportation hubs or specialize in certain industries.
There are over 30 free zones in Dubai, each with a specific focus or industry, such as the International Free Zone Authority (IFZA) which specializes in providing services to e-commerce and technology businesses.
These designated zones offer special regulations and incentives that make them an attractive location for company formation. Therefore, setting up a company in a Dubai Free Zone may be the perfect solution for you.
But the main question here is; Why should you consider a Dubai-free zone business setup?
Well, let’s help you consider a company in Dubai free zone!
- TABLE OF CONTENTS
Different Types of companies for Company Formation in Dubai Free Zone
When it comes to setting up a business in a Dubai Free Zone, there are a few different types of companies you can choose from.
- Free Zone Establishment (FZE) is the most common type of company, which is a single-shareholder company owned by an individual or a company outside the UAE.
- Free Zone Company (FZC) is another one that you can also set up in Dubai. This is a multi-shareholder company owned by two or more individuals or companies outside the UAE.
- Lastly, you can set up a Branch of a Foreign or Local Company in a Free Zone, which allows a foreign or local company to operate in the UAE under a branch of the parent company.
Benefits: Set Up a Company in Dubai Free Zone
Setting up a business in a Dubai Free Zone has several benefits:
100% ownership of your business: You maintain full control with no need for a local partner.
Full profit repatriation: Bring profits back home without restrictions.
0% import or export tax: No duties on goods movement in and out of the Free Zone.
0% corporate tax: No taxes on profits.
Strategic location: Dubai’s location gives you access to key regional markets.
Global connectivity: Join a vibrant international business community and build valuable connections.
Time-efficient setup: The company formation process is streamlined.
Range of business activities: You can choose from popular business activities suited to your goals.
No logistical issues: Enjoy strong infrastructure and workspace solutions.
No currency restrictions: Conduct business in any currency freely.
Simple registration: The process is straightforward and convenient.
Why is Dubai’s Free Zone preferred above others in the UAE?
The Dubai Free Zone offers competitive costs, 100% company ownership, and various incentives and benefits for company formation in the UAE.
Its cost is AED 11,900, and it offers tax exemptions, simplified business procedures, and access to excellent infrastructure.
Above all you will get tax incentives since they do not impose corporate or income taxes thus reducing the cost of company formation.
Steps by Step Guide: Set Up a Company in Dubai Free Zone
Choose a business activity or activities:
Decide what type of business you want to run. Check out which activities are allowed in your preferred Free Zone.Find a free zone:
Once your activity is clear, our Company Formation Specialists at Choose UAE can help you choose the right Free Zonefor your business.Choose a company name:
Pick a name that meets UAE naming standards—our team will guide you through the naming and registration process.Make your license application:
Apply for a business license in your chosen Free Zone, and we’ll handle the paperwork.Applying for visas:
Once your license is approved, you’ll need to apply for UAE residence visas for yourself and your staff. Choose UAE simplifies this typically time-consuming step.Opening your corporate bank account:
After getting your visas, we’ll help you open a company bank account. If you set up your business through Choose UAE, this service is free of charge.
Conclusion
Setting up a business in a Dubai Free Zone is a great opportunity for entrepreneurs looking to expand their reach and take advantage of the many benefits that come with a Dubai Free Zone company.
With its world-class infrastructure, tax benefits, 100% ownership, low-cost trade license and strategic location, a Dubai Free Zone company is the perfect choice for any aspiring business owner.
Can a Free Zone Company Trade in Dubai Mainland? Find out.
How Can Choose UAE Help
Choose UAE can help you with every step of setting up a Dubai Free Zone company.
From finding the right Free Zone for you, to obtaining the necessary licenses and visas, Choose UAE makes the process of setting up a business in a Dubai Free Zone easy and hassle-free.
So, get started today and take your business to the next level.
What Makes Us Stand Out?
- Trustworthy Reputation
- Individualized Solutions
- All Around Services
- Hassle-free, Fast and Efficient
- Excellence and Professionalism
- Dedicated Support
