How to Setup a Company in One Zabeel New Free Zone
One Zabeel, a landmark mixed-use development along Sheikh Zayed Road, has officially joined the Dubai World Trade Free Zone. This inclusion provides a plethora of advantages for businesses looking to establish in one of Dubai's most iconic locations. From 100% foreign ownership to 0% corporate tax, One Zabeel Free Zone is one of the best options for businessmen and established companies alike. Here’s a guide to the One Zabeel Free Zone business setup process and capitalize on its strategic benefits.
One Zabeel Free Zone
One Zabeel, which combines elegance and business, is a homage to Dubai's aspirations and inventiveness. With being included in the Dubai World Trade Free Zone, companies can now take advantage of several benefits aimed at helping companies and SMEs in Dubai achieve the objectives of the Economic Agenda D33. Here's a closer look at these advantages:
100% Foreign Ownership
Businesses are permitted to have 100 percent foreign ownership in one Zabeel Free Zone. This implies that foreign investors don't require a local partner to run their firms completely. For foreign business owners looking to get into Dubai's booming market, this option is very alluring.
Exemption of Customs Duties
Customs duties are waived for businesses operating within the One Zabeel Free Zone. As a result, importing goods and raw materials is less expensive overall, increasing the profitability of operations. Smoother trading is made possible by the exemption, which can also greatly increase profit margins.
Dual-Licensing Opportunities
One Zabeel Free Zone offers dual-licensing opportunities, allowing companies to operate both within the Free Zone and on the mainland. This flexibility enables businesses to expand their reach to a broader market without facing restrictions associated with Free Zones.
0% Corporate Tax
One of the biggest benefits of setting up in One Zabeel Free Zone is the 0% corporate tax. Companies can reinvest their entire profits back into the business, fostering growth and innovation. This tax incentive is a significant draw for businesses looking to maximize their financial efficiency.
Simplified processes for Visas and Permit
The One Zabeel Free Zone is known for its streamlined immigration and permit processes. Employees and their dependents can obtain visas quickly and easily thanks to the shortened procedures. This effectiveness helps companies draw in and keep top people from across the globe.
Adaptable Workplace Solutions
Flexible office options are offered by One Zabeel Free Zone to accommodate a range of business requirements. Businesses have a variety of choices to select from, such as serviced offices, coworking spaces, and adaptable office designs. Businesses may scale their operations effectively as they expand because of this flexibility.
Steps to One Zabeel Free Zone Business Setup
1. Choose Your Business
The first step in the One Zabeel Free Zone business setup is to determine the nature of your business. This can range from trading and manufacturing to consultancy and services. Knowing your business activity is essential as it determines the type of license you will need.
2. Register Your Company Name
Selecting and registering your company name is a critical step. Ensure that the name adheres to the naming conventions set by the Dubai World Trade Free Zone Authority. It should be unique and not violate any trademark laws.
3. Submit Your Application
Submit your business setup application to the One Zabeel Free Zone Authority. This includes providing necessary documentation such as passports, proof of address, and a business plan.
4. Get Your License
Once your application is approved, you will receive your business license. This license is your ticket to operate within the One Zabeel Free Zone. Depending on your business activity, this could be a trade license, service license, or industrial license.
5. Secure Office Space
One Zabeel offers flexible office spaces to meet diverse business needs. From coworking spaces to fully-furnished offices, you can choose a workspace that aligns with your operational requirements. The LEED Gold and Wired Score Platinum certifications ensure top-notch technology, connectivity, and sustainability standards.
6. Visa and Permit Processing
Leverage the simplified visa and permit procedures to obtain visas for yourself, your employees, and your dependents. This process ensures quick and hassle-free approvals, allowing you to focus on your business.
7. Corporate Bank Account
Open a corporate bank account with a local bank. This will facilitate your business transactions and help manage your finances.
Benefits of Establishing a Company in the One Zabeel Free Zone
Establishing a company in the One Zabeel Free Zone comes with numerous benefits.
Strategic Location: Nearby important sites like the Dubai Mall and Burj Khalifa, on Sheikh Zayed Road.
Modern Infrastructure: Access to 26,000 square meters of grade-A office space featuring cutting-edge amenities.
Business Ecosystem: Opportunities for networking and cooperation are fostered by being close to other companies and SMEs. The mixed-use development improves the work-life balance of employees and business owners by providing retail, dining, and hospitality alternatives.
Conclusion
The One Zabeel Free Zone offers companies a chance to prosper in a vibrant and bustling setting. Any entrepreneur hoping to make a name for themselves in Dubai would be wise to establish a firm here, given its advantageous location, state-of-the-art facilities, and an array of incentives. You can complete the One Zabeel Free Zone company formation process and open up a world of opportunities for your company.