Cheapest free zone in dubai
Posted: Jul 22, 2018
Are you looking for the cheapest free zone in Dubai for setting up business? Many people come to Dubai with dreams about setting up a business. Dubai offers many facilities like special economic zone for company formation that is hassle-free and less expensive. However, many entrepreneurs have less knowledge about how they can benefit from the free zones facilities. Therefore, before finding out about the cheapest free zone in Dubai, let’s look at what a free zone is and the benefits provided by them?
Free Zones in Dubai
Free Zones are special economic zones provided by the UAE government for business operations. In Free Zones, certain taxes or restrictions on business, employment or trade do not apply in the same manner that they apply to the country in which the zone is located. There are more than 35 free zones in Dubai. Each free zone in Dubai has its own authority and rules which is applicable to all investors. Free zones allow entrepreneurs to set up low-cost company formation.
Benefits of Free Zone in Dubai
If you are looking for the low-cost business formation in Dubai, Free Zone is the best option for you. Free Zones in Dubai offers plenty of business options for the investors. Some of the benefits of Free Zone is:
- 100% ownership
Free Zone gives 100 % ownership for all nationalities. Unlike the mainland, the free zone does not require a local sponsor or local service agents for company formation.
- Easy process
Free zone offers an easy and hassle-free startup process. Here, the labor and immigration procedures are easier compared to setting up a business in Mainland. This has encouraged more foreign investment in Free Zones.
In free zone, there are 100% exemption from personal taxes, import and export taxes. There is a repatriation of capital and profits and 100% free transfers of funds.
- Easy availability of other facilities
Free zone provides many infrastructure facilities for the entrepreneurs. Free zone offers warehouse facilities, availability of production area and assembling, easy availability of workforce, housing, and other facilities.
- Lease option
One of the important benefits from Free Zone is that they provide long-term leasing options for the entrepreneurs.
Things to look for before selecting a cheapest Free zone in Dubai
You might be thinking how to choose the cheapest free zone in Dubai from the free zones that offers low-cost business formation. There are many things that you need to look into before choosing the cheapest free zone in Dubai. That depends entirely on the following criteria. They are
- Location of the Free zone
Location of the free zone plays an important factor when it comes to the low-cost business formation in Dubai. If the location is easily linked by air, road, and water, then it is the perfect free zone for an entrepreneur for setting up business.
- Structure of your Business
The type of business activity plays an important role in choosing the free zones. Trade license, business premises can only be decided only after determining the type of business that you choose. Not every free zone is ideal for all types of business activities. There are some free zones in Dubai that are ideal for almost all business.
- Registration Cost and Low Startup Cost
Registration cost varies from each free zones. Free zones charge the registration fee based on the type of your business activity. Some free zone has less registration cost compared to others. Regardless of the size of your company, cheapest free zone in Dubai helps you to form your company at low cost.
- Office Facility
Make sure that your office facility is compatible with your business activity. In free zones, you will get assistance to find office suitable to your requirement. They will also help you to set up electricity, internet, water and other amenities. You can also get the option of Flexi desk in the cheapest free zone in Dubai.
- Feasible visa charges
Before choosing free zones, you need to check for the availability of different visa packages provided by free zones. Some free zones provide you with 3 to 5 visas.
Free zones in Dubai allows you to set up your dream business at low cost. You don’t need to invest a large sum in setting up a business in Dubai. You only need to carefully choose the cheapest free zone that suits your requirements. Business setup companies in Dubai also give offers for setting up a company in the Free zone at a low cost. They can help you in selecting the cheapest free zone in Dubai.
Business setup is a group, have been helping people across Uae in terms of improving business and setting up a businesses.