To put it another way, Dubai’s and UAE’s free zones are deemed outside the United Arab Emirates jurisdiction and are governed by their laws and regulations. They are responsible for upholding the Dubai Free Zone Authority’s rules and policies. It’s no surprise, therefore, that Dubai’s free zones are among the most sought-after locations in the region for global business operations. Free zone company formation in Dubai and the UAE free zone comparison are a speciality of Business Link, a prominent business consultant. With our company registration and business establishment services in UAE free zones, we take care of everything from A to Z professionally and at least at the expense.
Free zone company establishment in Dubai provides fantastic commercial opportunities for investors from across the globe. Dubai has the most lenient working conditions and the quickest free zone business establishment procedure globally. We serve as a one-stop-shop for investors, therefore reducing their burden and completing the process as quickly as possible.
Types of businesses that may be registered in the free zone of Dubai
It is possible to create a Free Zone Establishment (FZE) with either one person or corporate stakeholders.
Company (FZCO): Free Zone A minimum of two shareholders is required to start this business. Individuals or corporations may own shares in a company.
Some UAE free zone comparison may not include all of these sorts of businesses. There will be some variation in the rules and regulations for each free zone authority.
UAE Free Trade Zone: How can I get my company off the ground?
More than forty-four free zones exist in the United Arab Emirates. Each Emirate has its free zone authority, its own rules and regulations. For several years, foreigners have owned the enterprises entirely and are exempt from both corporate and personal taxes. For convenience’s sake, several service-related companies have their headquarters located in free zones.
The most important thing to remember is that these organisations are not authorised to do business outside of the free zones.
In Dubai’s free zone, what kind of licence is available?
A trade licence permits a corporation to purchase, export, and sell a restricted number of products and commodities, among other things.
Except for prohibited items and those requiring special permission, a corporation with a General Trading License may transact in almost any kind of merchandise.
Consultant, accounting, and other professional services firms may get a Service License.
An industrial licence permits a corporation to manufacture, pack, and process activities in Dubai’s free zone.
The advantages of establishing a Free Zone Company in Dubai
- 100% of the Company Is Owned by Foreigners (no local partner or sponsor required)
- For the next 50 years, there will be no company tax, which may be renewed for another 50 years.
- Procedures for hiring new employees are simple.
- Work permits and visas in the field of computer technology
- Imports into free zones of taxable products
- Possibility of owning real estate
- Confidentiality in the workplace is a top priority.
- Doing more than one thing at a time is not restricted.
- Renewal costs are pretty low for a business established in Dubai’s free zone.
- Permission granted in Dubai to create a bank account
- You have the option to close the company at any time.