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Free Zone Company Setup

Dubai is the biggest business destination in the world. It offers you the chance for a free zone company setup. But first you have to understand the difference between mainland, free zone and offshore business setup to get in the game.

Therefore, go and avail this opportunity and fulfill your business dream only in Dubai, UAE. Also, read about how to setup your business. The types of services you can offer etc. right here.

Locations for a free zone company setup

The UAE is divided into two sectors, on shore and off shore. The on shore sector is for the local businesses with restrictions placed on the foreign businesses. So, here is a list of free zones in UAE where you can setup a business. Moreover, you can have access to well-developed infrastructures and much more.

1. Dubai

-Airport Free Zone

-Jebel Ali Free Zone

– Internet City

– Media City

– Dubai Auto Zone 

– Dubai Biotechnology & Research Park

-Flower Centre

-Dubai Gold and Diamond Park

-Dubai Healthcare City

-International Financial Centre

-Dubai Knowledge Village

– International Academic City

-Dubai Logistics City

-Dubai Maritime City

-Multi Commodity Centre

-Outsource Zone

-Dubai Silicon Oasis

-Dubai Studio City

-ZonesCorp

-International Media Production Zone

-Intl. Humanitarian City

-Technopark

Incentives for a free zone company setup are as follows:

-100% foreign ownership

-No corporate taxation for 50 years; renewable for an additional 50 years

-No personal income tax

-Full exemption from import duties

-No currency restrictions

-No bureaucratic red-tapism

-None recruitment problems

-Telecommunication

-Well developed infrastructure

-Abundant Energy

2. Ras Al Khaimah (RAK)

-Rak Free Trade Zone

-Ras Al Khaimah Investment Authority (RAKIA)

3. Abu Dhabi

– Abu Dhabi Ports Company

-Airport Free Zone

-ZonesCorp

5. Sharjah free zones

-Hamriyah Free Zone

-Sharjah Airport International Free Zone

Incentives

-100% foreign ownership is allowed

-100% repatriation of capital and profits is allowed.

-No personal or corporate income taxes, customs duties, import/export taxes.

-Less number of restrictions on recruiting labor.

-Shared services and synergies with other companies in the free zone.

-No bureaucratic red-tape.

-State of the art infrastructure.

 4. Ajman Free Zone incentives

-100% foreign ownership

-100% repatriation of capital and profits

-No personal income tax

-No corporate tax

-Low labor cost

-No Red Tape

6. UAQ Freezone incentive

-No Corporate Taxes for a minimum of 15 years.

-No Import Duties, No Export Duties.

Guide to a free zone company set up in Dubai

Whether you choose the onshore or offshore sector in Dubai, your business activity will be specific to that location. In addition, for the free zone company setup, the free zone you select depends on your type of business. Here is what you will need to do:

Select the type of business:

The first thing you need to do is to select a business activity. Because it helps to decide where you can register your business. The license will decide how your business will run. However most freezones allow multiple activities to be carried out with one license.

Select a free zone:

The next step to a free zone company setup is to select a free zone according to your business activity.

Decide your business name:

Choose your company name as it will represent you during trade. Therefore, it should not be inappropriate in any way as it will signify your image.

Submitting documents:

Now it is time to make things official, by submitting your application. Therefore, once you submit all the documents your free zone company setup process will be completed.

The Types of Freezone licenses:

For a free zone company setup you will need a license to carry out any business activity. So, here is a list of different licenses for freezones:

1. Free Zone Commercial License

This license is for opening up workshops and providing services like repair.

2. Service License

Includes business activities such as providing services like hospitality, shipment, enterprises, labor etc.

3. Trading License

This license permits activities related to imports and exports of food, healthcare, machinery, clothing etc.

4. General Trading License

Permits activities regarding dealing with goods and commodities.

5. Industrial License

Allows activities relating to the manufacturing of goods, machinery and packaging of them.

Services we provide

To help you in a free zone company set up, we provide a series of services to help you along the way. Therefore, here is a list of services that we offer:

– Setting up services in UAE

– VISA services and Booking services

– Tax consultation services and Attestation services

So, get your business started now in one of the world’s biggest business hubs. Moreover, Dubai offers a lot of investors to invest and get started in one of their freezones. Follow the free zone company setup process described and set up your business.

 

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