Contents
Introduction
free zone business setup Dubai: are considered the ultimate territorial destination for starting a new business in the UAE. Not only because of its distinctive locations but also its specialized governing rules.
Free zone company formation in Dubai is the best choice for being a cheaper option than the Mainland zone. In addition, benefits of tax legislation are conducted, however, careful choices are made for all entrepreneurs starting a new business.
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Why to start a free zone company setup in Dubai?
Dubai has become the most welcoming business-friendly hub in the Middle East. Therefore, it attracts a vast number of business investors and entrepreneurs from all over the world. As well, Dubai has a large number of economic free zones from the whole United Arab Emirates that are exempted from taxes, with lots of other advantages.
Additionally, Dubai freezone company setup has 100% beneficial repatriation of capital and profits. Moreover, free zone business setup Dubai has more liberty in labor laws with the ease of recruitment inside this area.
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How to get a free zone business setup Dubai license?
A free zone business license in the UAE is a legal documentation that allows the entrepreneur to conduct any business activity in the specified area. Depending on this specific business activity, the entrepreneur should apply for the specific free zone license resonated with this zone.
When it comes to issuing the Dubai free zone license, an investor or entrepreneur should refer to the free zone legal authorities for registering the company in Dubai under the department of Dubai Development Authority.
As well, choosing the suitable number and type of business activities is mainly based on the free zone company formation in Dubai because an investor can choose up to 10 business activities under one single free zone trading license.
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Dubai Free Zone license cost
Business-wisely known that a trading license is the beginning of the entrepreneur’s journey to launch a new company. As well, cheap trading licenses have their specific limitations, that’s why freezone business setup in Dubai has a lot of legal complications to be taken care of. Although, entrepreneurs tend to use free zone trading licenses for its vast beneficiary taxes options but might get a little confused about its prices.
Dubai free zone license cost depends on the primary business activity being involved in. It usually costs between 10,000 AED to 50,000 AED for annual use. As well, free zone licenses are renewed depending on the free zone location and industrial services but it’s generally renewed between one to three years.
Steps required for a free zone business setup Dubai
Free zone company setup in Dubai should be done in the following procedures in order to achieve effective results anxiety-free. These steps are:
- Choosing a proper business structure: whether Limited Liability Company (LLC) or Free Zone Establishment (FZE) or Free Zone Company (FZC) or even Branch Office.
- Finding a convenient free zone: for building this step up for the free zone license.
- Choosing a trade company name and business activity: this step is used for defining the scope of the business activities chosen.
- Initiating license application: that happens by applying and submitting necessary documents for approval from the Dubai Department of Economic Development (DED) and relevant authorities.
- Applying for visa: this happens to exist based on the nationality of shareholders if they are foreign business owners or investors.
- Opening your corporate bank account: this step is a required one for managing business financials all the time.
After finishing these steps successfully, the license approval is a matter of time. Moreover taxation benefits are added into account after obtaining the free zone license for business setup in Dubai.
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Taxation beneficiaries of freezone business setup in Dubai
These benefits are including but not limited to:
- 100% Foreign Ownership.
- Tax-free Income, such that there’s no corporate or income Tax.
- 100% beneficiary of profit repatriation and capital transfer.
- Easy Business Setup with minimum documentation & visa requirements.
- 3-Year Residence Visa – Free Zone License.
- Access to the most developed infrastructure facilities (Furnished Office Spaces, security, and more).
- There’s no customs duty on imports to the Free Zones.
- Developed warehousing facilities for storage & light manufacturing.
- Enormous business opportunities that exists through the multi-nationalities of entrepreneurs and investors at the Free Zones
Concluding from this, freezone business setup in Dubai is the most guaranteed way of investment in the modern world. Moving to the most asked part, that’s the cost of free zone company setup in Dubai.
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Free zone business setup Dubai cost
There are multiple costs when launching a free zone company setup in Dubai that includes:
- Registration Fees: It typically varies depending on the chosen free zone, but usually ranges between 12,900 AED and 50,000 AED.
- Office Space: All free zone companies require a physical office address inside the specified zone, and the cost of its rent varies depending on the size and the location of the office. On average, the cost of an office space in the free zone ranges between 25,000 to 50,000 AED per year.
- Visa Costs: Unbelievably, a free zone company setup in Dubai work permit for a new visa costs about 1,000 AED for each person. On the other side, a residency visa is about 3,000 AED per person.
- Bank Account Fees: Dubai free zone company setup for bank account costs ranges between 1,500 AED to 5,000 AED, depending on the type of the account required, and the bank chosen.
That’s why freezone business setup Dubai is an affordable option for business owners and investors.
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Conclusion: The best part of launching a free zone business setup Dubai!
Being affordable, feasible, convenient, and beneficiary are the ultimate reasons for a free zone company setup in Dubai. From this point, the relevant authorities in the UAE encourage foreign investors to launch their new business particularly in Dubai free zones.
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FAQs:
What’s the cheapest free zone in Dubai?
It’s the International Free Zone Authority (IFZA) that offers a low-cost business license in Dubai without visa at a cost of 12,900 AED.
Is there a best free zone in Dubai?
Yes! The Dubai Multi Commodities Centre (DMCC) is the most recommended free zone from global community investors.
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- Emirates ID Application
- Visa Services
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