Would you like to dip into the business chain of Dubai’s colorful business area? Here is the answer: starting up in one of the Free Zones is the ideal solution for you. Most remarkable are the investor-friendly policy and interesting incentives that Free Zones in Dubai provide for entrepreneurs who wish to explore the business world here. Altawiz will offer you the essential information and give a detailed explanation of the particulars of organizing a Free Zone company in Dubai.
Understanding Free Zone Company Formation in Dubai
Before delving into the intricacies of setting up your Free Zone company, let’s grasp the essence of what it entails. Free Zones, also known as free trade zones, are designated economic areas where goods and services can be traded with preferential tax and customs rates. Unlike offshore companies, Free Zone companies are onshore entities that can conduct Business setup in Dubai, subject to certain requirements.
Key Steps to Free Zone Company Setup in Dubai
- Determine the Type of Legal Entity: Start by picking out the legal form for your business, whether it is a branch office, LLC or subsidiary depending on the ownership and liability issues.
- Choose a Trading Name: Determine a trademarked and juridical name for your business to meet the requirements of the Free Zone authority.
- Apply for a Business License: Make certain you have the right license from the designated Free Zone authority, and that your company is authorized to conduct the operations you have in mind.
- Choose an Office Space: According to the Free Zone’s guidelines, choose the office space within the specified zone that corresponds to your business setup in Dubai.
- Obtain Pre-approvals and Acquire the Necessary License: Get the required approvals by sending the data of your business setup and shareholders to the Free Zones authority. Go ahead and register your company and attain the necessary business permit.
Advantages of Free Zone Business Setup in Dubai
Setting up your Free Zone Company Formation in Dubai offers a multitude of advantages that can significantly benefit your enterprise
- Complete Ownership of Business: Own 100% foreign share, which is an opportunity to acquire more control and flexibility in managing your business.
- Full Profit Repatriation: Provide the incentive for foreign investors to repatriate profits by imposing no restrictions or otherwise aid them to transfer their capital easily.
- 9% Corporate Tax: Enjoy the benefit of favorable corporate tax rates, which are complete with the exemption of small businesses that have been established within their jurisdiction.
- Simplified Import and Export Processes: Customers who import and export goods are relieved from the benefits of customs duties within Free Zones which are streamlined customs procedures.
- Strategic Location: Utilize Dubai’s favorable geopolitical situation to make the
- transaction of cargo through its seaports and airports frictionless and to enable easy access to the global markets.
- Global Connectivity: Take advantage of the fact that Dubai is well connected to major seaports and airports across the globe, and get a chance to widen your market by
- meeting different communities here.
- Thriving Expat Entrepreneurs: Set among the suburban expat entrepreneurs community, a networking platform is created, as well as a cultural mixture.
- Range of Business Activities: Delve into the different kinds of business activities that are fostered within Free Zones, including range of trading and manufacturing, services, and technology.
Documents Required for Free Zone Company Formation, Dubai
Before initiating your Free Zone company setup in Dubai, ensure you have the necessary documents in place:
- Application license form
- Business plan outline
- Memorandum of Association (MOA) and Articles of Association (AOA)
- Passport copies
- Banking references and partner’s existing business license (if required)
Altawiz’s Expertise Free Zone Company Formation in Dubai
Altawiz helps your free zone business setup in Dubai by providing a wide range of business assistance services. Experienced staff will assist you even with the most complicated procedures, such as choosing the legal form of business and purchasing office space. Thanks to our experience in dealing with Free Zone regulations, you can have a registration process free of complications and take your first step as an entrepreneur with total confidence.
Forming a Free Zone company in Dubai, more specifically in Dubai, comes with great benefits for entrepreneurs who want a fast-growing business environment. With the advantage of the law, the tax incentives, and the global connection, Dubai’s Free Zones are
the perfect springboard for your business setup ideas. Sign up with Altawiz and get the most of the Dubai Free Zone, company formation.
Contact ALTAWIZ HR CONSULTANCIES LLC now to kick-start your business journey in Dubai’s thriving Free Zones.
