Almost every book or article defines an entrepreneur as an individual who creates opportunities even in situations or places that are not favourable for setting up a business. However, the entrepreneurs who set up businesses in Dubai need not face the risk of an ‘unfavourable’ business location as the emirate’s free zones support them with a slew of cost-effective company formation opportunities. Company registration in Dubai free zones come with a lot of benefits including quick setup procedure, an array of trade licenses, and ultra-modern facilities. All you need to have is a clear vision and the professional assistance of the best business setup consultants in Dubai. Also check Flexi desks co-working spaces.
If you are still in doubt why the free zones are the best option for company registration in Dubai, read on:
- You can Have Full Control of Your Company
Foreign investors who opt for setting up a company in Dubai mainland often get dismayed by the mandatory requirement of a local sponsor. The local sponsor who is a UAE national should hold at least 51% of shares in the company as per the UAE law. However, foreign investors can enjoy the benefit of 100% ownership by establishing a company in Dubai free zones. Reputed business setup services in Dubai will assist you in setting up a free zone company with total ownership.
- You Can Take 100% Profits Home with Tax Benefits
As a foreign investor, you can enjoy 100% repatriation of profits while setting up a business in Dubai free zones. The repatriation of profits especially becomes valuable if you have a company in the home country and want to open a branch in Dubai free zones. Further, the UAE levy no income tax and corporate tax from the investors. However, corporate tax is applicable if you are conducting business in the oil industry or banking. Also you should note that the UAE introduced the consumption tax called VAT in 2018 and you need to register if your value of total supplies exceed the threshold of AED 375,000.
- Easy Process of Company Registration in Dubai Free Zones
Bureaucratic red tape may be the worst nightmare every entrepreneur who wishes to set up a business in a foreign country. The investor may be unaware of the laws and regulations of the new land and may end up in trouble. However, the process of business up in Dubai free zones is very quick if all the relevant documents are ready during the time of company formation. Depending on the nature of the business activity, the free zone license can be obtained within a few days of application. To further expedite the procedure, you can avail of the services of the best business setup consultants in Dubai.
- Enjoy Benefits of Highly Developed Free Zone Infrastructure
By registering a company in Dubai free zones, you can have access to the ultra-modern facilities and highly developed free zone infrastructure. Most of the free zones are either situated near to a seaport or have close proximity to International Airports. Company registration in JAFZA free zone gives you access to the highly developed Jebel Ali port. Business setup in JAFZA offers you access to strong warehouses and logistics facilities. In contrast, the company formation DAFZA free zone provides you the benefit of proximity to International Airport. You may have some difficulty in deciding which free zone suits your business requirement and in that case consult the best business setup services in Dubai, UAE.
- Great Flexibility in Setting up Office Spaces
One of the most exciting aspects of business setup in Dubai free zones is the flexibility in having the right kind of office space. If you are setting up a tech or any startup with less labour requirement then opt for the Flexi desks/ co-working spaces in free zones like DMCC, DIFC, etc. If you require more labour employees and have plans to set up regular meetings with clients, the free zones will provide you the office space with all the modern facilities. The facilities vary from free zones to free zones and therefore consult with the best business setup services in Dubai before initiating the company incorporation process.
- You Have the Option to Select Industry-Specific Free Zones
Free zones are not just economic zones designed to attract foreign investment but they also serve as efficient knowledge centres. By initiating the process of company registration in Dubai free zones you get access to knowledge, expertise, and opportunities to collaborate in your industry. There are many free zones in Dubai that focus on specific industries or areas of knowledge such as media, financial services, education, technology, etc. The following are the most renowned industry-specific free zones in Dubai.
Dubai Media City
Dubai Internet City
Dubai Academic City
Dubai Silicon Oasis
E-commerce has emerged as one of the most lucrative industries in the wake of the COVID-19 pandemic and most free zones are offering e-commerce licenses in Dubai. However, Dubai is planning to launch an e-commerce free zone by the end of 2020 called ‘Dubai Commercity’, which will be an interesting addition to the industry-specific free zones in Dubai.
Why You Should Seek the Help of Business Setup Services in Dubai?
The process of company registration in Dubai free zones attracts foreign investors mainly due to the relatively easier procedures. Compared to the business setup in Dubai mainland, the approvals required and documentations are lesser in the free zones. However, this doesn’t mean you can jump into setting up your business without any preparation. If you are new to the UAE and don’t know the regulations then the company formation journey will turn out to be a bumpy road for you. This is where reputed business setup consultants in Dubai come to your aid. The best business setup services in Dubai assist you in all the steps of company formation in Dubai. The business setup consultants in Dubai are equipped with sound knowledge in labour laws, immigration laws, and all other legal know-how. Consult well-known business setup consultants in Dubai and set up your business in the peace of mind.