We are all aware that setting up a business in Dubai can give you a brilliant opportunity to flourish and experience tremendous growth, thanks to its strategic geographic location. Another main reason for Dubai to become an exceptional business start-up city is Free Trade Zones/Free Zones (more than 30) which is home to approx. 150,000 companies.
From ensuring 100% ownership to top-tier administration, exempting income tax to providing excellent infrastructure, low cost of setting up a company in Dubai free zone, and easy Dubai free zone visa requirements – this is a fertile ground equipped with unmatched facilities.
Multiple companies from different niches can invest, including Free Zone or Sole Establishment, Free Zone Company (Limited Liability Company with two or more shareholders), and Branch or representative office of the present or parent company (registered in the UAE or foreign).
Why Set Up Business in Dubai Free Zones? | 10 Key Benefits
Are you searching for an ideal place with a beneficial prospect?
Look for the free zones, as these areas are particularly designed for the sake of enhancing international business at a very low start-up and operational cost. Although your business activities depend on the license you obtain from the government (commercial, general trading, industrial, and service). Being a Dubai tax-free zone, these areas highly support entrepreneurial ventures.
1. Full Ownership
To settle your business in Dubai’s mainland jurisdiction, you need a UAE National (local) sponsor who must possess a minimum of 51% company shares. It will give him the ownership and more control to take professional decisions, making you lose your power with the remaining 49%.
Foreign investors, irrespective of nationality, can get their company 100% ownership and full authority by setting up a business in free zone Dubai. No UAE national sponsor is needed, and no requirement to give maximum shares to someone else for company formation!
2. No Currency Regulations
Restrictions on foreign currencies (regulated by the UAE government) must be followed by companies settled within the mainland. On the contrary, UAE free zone doesn’t implement currency restrictions to support seamless, quick, and stress-free financial transactions. Being a foreign professional businessman, you have the free will to use any currency.
3. Exemption of Import/Export Duties
Dubai’s free zone jurisdictions are cleared from all Import and Export duties to maintain international trade. It helps companies save their wealth and grow exponentially. This benefit makes it easier for the government to promote foreign relations with various countries.
4. 100% Return on Capital & Profits
Dubai free zone business setups can enjoy the benefit of full repatriation, including profits as well as financial assets. In short, the investor holds the authority to transfer all profits earned through business and capital invested in the company to his home country.
5. Readily Available Workspaces
You can find well-structured warehouses and innovatively constructed office spaces effortlessly in free zone jurisdictions that provide you with multiple amenities. You can either purchase or lease. They can also be rented. Luckily, you get 25 years of lease options. Storerooms are available in different sizes at different prices alongside modern and fully equipped workspaces.
You will surely find something savvy matching your available budget.
6. Independent Regulatory Authorities
Dubai free trade zones are not run by the UAE government but are only overseen by their respective free zone regulatory bodies. They are responsible for setting rules and regulations. No company is answerable to the official government, which gives foreign investors flexibility and more freedom. It makes free zone company registration in Dubai extremely easy.
7. 100% Tax Exclusion
Another fantastic benefit attracting investors the most is the total income tax and corporate tax exemption. 100% tax omission lets you keep the maximum of your business profits. Exemption from corporate tax in Dubai free zone lasts for 15 years but comes with a renewal option that prolongs the period for another 15 years.
It is applicable on personal and corporate gains, customs taxes, and imported products wholesaled to the mainland, except VAT which is comparatively low.
8. Cost-Saving & Easy Recruitment
Do you want to save time, effort, and resources while hiring labor? The free zone allows you to recruit a low-priced workforce efficiently without going through time-consuming formalities. You can even employ foreign nationals in a very pocket-friendly way by following easy recruitment procedures.
9. Brilliant Communication & Impeccable Infrastructure
You will get exceptional internet/connectivity networks, the most advanced communication systems, and flawless and efficient construction that offers budget-saving and plentiful energy. The zones provide first-rate transportation by air, sea, and land.
The best part is their locations offer easy and quick access to well-known airports and seaports for accessible business. To avail of more facilities, rent your ideal workspace.
10. Fast Company Incorporation and Easy Immigration Process
The company incorporation process in free zones in Dubai is made extremely simple and straightforward, which may be accomplished within a minimum of days.
Completing the immigration process can be really challenging, but Dubai-free zones offer time-saving immigration facilities. Their simple and easy procedures are completed in a matter of time, saving your efforts.
Business Setup in Dubai Free Zone Areas
Profits Plus understands how tedious setting up a business in the UAE can get. That is why Profits Consultants are helping you find the ideal solution to protect your assets and grow your business.
Whether you need to start a company in Dubai or within one of the UAE Free zones, our experts can guide you by providing a top-level service. Establish your business in Dubai today with our professional assistance!