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What are the advantages of a dubai free zone company setup
Posted: Apr 13, 2018
There are several advantages that you will reap if you were to set up your business in a Dubai free zone. Dubai free zones or free trade zones are facilitating a flow of foreign investment to the regions. These are special economic zones set up for the expatriate investors. Foreign investors receive enormous benefits if they were to set up their business over here.
Dubai is seeing tremendous growth and the free zones can be seen as one of the best reasons why there has been such a tremendous growth. Because of this, several free zones now exist and they are providing jobs to the local populations and also generating great wealth for the region.
The Jebel Ali Free Zone in India is the largest of the free zones in Dubai and it is also the oldest. The Jebel Ali Free Zones can give you several advantages; mostly it is a versatile free zone and can accommodate so many different varieties of companies. It is in fact, home to 7,000 companies from across 110 countries.
Apart from Jebel Ali Free Zone, these are the major Free Zones that are there in Dubai:
- Dubai Healthcare City
- Dubai Internet City
- Dubai Media City
- Dubai Studio City
- Dubai Knowledge Village
- Dubai Silicon Oasis
The process to get registered in a Dubai Free Zone is rather simple and you can get it done if you were to get the right documents for the process as well as other things:
- Reserving a company name
- Office Premise renting
- Deeds of establishment and articles of association
- Get corporate bank account opened
- Allocate budget for translation and notarization of costs
- Secure the appropriate business license
These are the things that you would need to get your company registered.
What you are looking for is the list of advantages that you will be able to avail once you are able to get your business registered and setup in Dubai.
- 100% exemption from import and export duties
- 100% free transfer of funds
- 100% repatriation of profits
- 100% foreign ownership
- No capital deposit required
Each free zone has its own set of rules that govern it, and they are also having their own unique, as you could see that these free zones are setup usually targeting a specific industry.
You will also get several other support services once you’ve established your company.
The location will have a good amount of the state of the art infrastructure that you can utilise so that you can get the perfect platform to grow and excel.
Business setup is a group, have been helping people across Uae in terms of improving business and setting up a businesses.