Starting a business in Dubai Free Zone

 

Dubai is growing and people are likely to do business here in Dubai. The government of Dubai has setup a free zone area in Dubai. These zones are managed by Dubai Free zone authority. Dubai free zones are framed for new business and startups to start their new business and the rules and regulations are also governed by free zone. These zones are specially developed to overcome the problem facing by the new entrepreneurs.

Free zones are special zones whose objective is to help the new business and attract foreign investment and business in Dubai. These zones offer tax free, free custom duty benefits to emigrant investors. Free zones are attracting foreign direct investment and companies successfully and it is also expanding its non oil exports. Free zones are designed in categories for different business and it offers license to the companies within its categories. In Dubai and UAE various free zones are looking for business and investment in the service category of trading, industries, service sectors etc.


Dubai and UAE free zone

The ownership is of yours in case of foreign ownership with no income tax. You don’t have to pay for Import and export duty and transferring of international funds. There is no restriction on foreign currency. And you know the infrastructure of Dubai. You will have a great art of infrastructure.

Dubai International Financial Centre (DIFC) is a leading financial hub in the United Arab Emirates (UAE). There is a rapid demand for financial and business services, and company formation in Dubai, with regard to those kinds of businesses, is advisable to be done in DIFC, which has a number of advantages.

No tax rates: People who are planning to start a business in Dubai find this as a huge benefit. For a period of 50 years, DIFC gives a guarantee of zero tax on corporate income and profits for all new establishments. This kind of advantage is also enhanced further by the UAE’s double taxation avoidance treaties.


Capital repatriation :: Since there is no limit on capital repatriation, it promotes growth for global firms because there is flexibility. Additionally, there is no currency exchange control. Also, the organizations in DIFC do not have any restrictions on profit flows.

100% Foreign Ownership : Before, it was a requirement for a company to have a percentage of their shares be under the name of a UAE national; however, with the arrival of the free zones, that certain requirement was removed, allowing businessmen to have 100% ownership.

 

Setting up a business in JAFZA:

Let’s take a quick look at the advantages of company setup in Jebel Ali Free Zone:

  • 100% foreign ownership is possible
  • Exemption from income and corporate tax payment up to 50 years, extendable
  • 100% capital repatriation allowed
  • Exemption from import and re-export duties
  • No restriction on currencies
  • Ability to hire 100% foreign employees
  • Customs can be arranged onsite
  • Authorities help in obtaining visas
  • Opening corporate bank accounts is easy
  • Convenient location near Jebel Ali port and Dubai airport allows convenient logistics to transport hubs
  • Authorities provide water and electricity connections and supply at reasonable rates.

 

 

 


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