Dubai has developed as a global economic hub, bringing investors and entrepreneurs from all over the world. One of the primary benefits for businesses bidding to establish a presence in Dubai is the ability to set up a free zone company setup in Dubai. The process to open a free zone company in Dubai is simple and provides various benefits to organizations looking for a strategic location in the Middle East.
To form a free zone company in Dubai, entrepreneurs must go through the free zone company setup process. This involves selecting an appropriate free zone based on the nature of the company and the industry in which it operates. Each free zone in Dubai focuses on a specific industry, giving tailored support and infrastructure to enterprises. The free zone company registration process in Dubai is well-defined, ensuring that firms are established smoothly and efficiently inside the approved zones.
Many free zones in Dubai provide a wide range of business activities. Some of them are
The cost of getting a Dubai free zone licence is an important issue for enterprises. Different free zones in Dubai may have different price structures, thus understanding the costs involved with the licensing process is critical for budget planning. Despite the initial expenditure, many businesses feel that the benefits of operating in a Dubai-free zone, such as 100% foreign ownership, tax breaks, and streamlined import-export procedures, justify the expense.
Step-by-step process of company registration in Dubai Free Zone:
You need to provide a certificate of authenticity for the lease contract issued from the Real Estate Regulatory Agency and a new Memorandum of Association with the necessary modifications.
Incorporation can take as little as five working days or up to six weeks for some free zone entities.
All educational and corporate documents required during the incorporation process and for the issuing of residence visa process needs attestation at the corresponding UAE embassy or consulate in the country of the document origin. These documents must then be attested by the UAE Ministry of Foreign Affairs in Dubai.
Dubai Free zone has 100% repatriation of capital and profits, exemption from all import and export duties. It has no corporate or dividend tax.