Business setup in Dubai free zones
Dubai Free Zones are special economic zones for Business Setup in Dubai free zones. UAE is the only country in the Middle East with a great number of Free Zones for doing the trade. Business Setup in Dubai free zone is also one of the main areas in UAE; where expat can get 100% ownership of the company. Free trade zone offers very simple and easy process of business registration.
How to start a business in Dubai free zones?
How to start a business in Dubai free zones; and How to start a business in UAE free zone; are the two main question which always client ask. Business setup in Dubai free zones is a cost effective project; especially for those who are looking for 100% ownership of his business. But setup a business in Dubai free zone is not as simple as it looks like. There are plenty of things that you need to emphasis when starting your business.
- Business idea for business setup in Dubai free zones
- Business plan for business setup in Dubai free zone
- Select an Activity for business setup in Dubai freezone
- Type of license for business setup in Dubai free zone
- Select type of entity for business setup in Dubai freezone
- Execution of business setup in Dubai free zone
Business idea for business setup in Dubai free zone
Business idea is one of them. To start business in Dubai free trade zone, every business needs an idea or another word a vision. To convert your idea into reality is a dream of every investor. Before starting a business, you need to have a business idea to start business in free zone. Business Idea will cover the following points.
- What is your target income?
- What is your target market?
- Which free trade zone is suitable to your business?
- Is it a best time to start your own business?
- What will be the time frame to convert your idea in to actual business?
Business plan for business setup in Dubai free zone
Business Plan is an important factor for business setup; it is almost the written form of the business idea. Or another word converting your idea in to paper format is calling a business plan. As far as it is about making a business plan to launch a new business; then it acts as the most important controlling tool for making the road map for a business. In order to create an effective business plan an expert opinion on every step is a requires; that is, from an expert consultant.
At this point let me tell you one thing; that is, we are the business consultant in UAE and provide professional services; in local market as well as in a free zone. We make the process of business planning to start business in free zone easier and effective. Our professional consultant understands what exactly requires for an effective business plan. And how the client will achieve their goal.
Selecting an activity for business setup in Dubai freezone
Selecting an activity for business setup in Dubai freezone; is very important step in the process. Because in UAE you cannot mix up activity inside one license. For example you cannot perform service through a trading or industrial license. Also trading of food item is different form trading of electronic item and so on. So selecting an activity for business setup in Dubai freezone; is also requires an expert opinion.
Select type of license for business setup in Dubai free zones
Selecting type of license for business setup in Dubai free zone; is also an important step in the setup process. Because in UAE you cannot mix up activity inside one license. For example you cannot perform service through a trading or industrial license. There are four main type of a license for business setup in Dubai freezone.
- Commercial License
- Professional License
- Industrial License
Select type of entity for business setup in Dubai free zones
Selecting type of license for business setup in Dubai free zones; is also an important step in the setup process. There are 2 main types of Free trade zone entities.
- Free zone establishment (FZE)
- Free zone Company (FZC)
The main dissimilarity between an “FZE” and a “FZC” is the number of shareholders required. An “FZE” requires a single shareholder; while a “FZC” is requires 2 or more shareholders. Note that a shareholder can be a person or a company.
Both type of a free zone entity offer the same kind of benefits. The only difference between both types of entity is the share capital. FZC requires more share capital as compare to the FZE. Some free zones even don’t require any share capital. So in this case both are equal.
Business setup in Dubai free zones also offers 100% ownership to expat. A Dubai Free Zone company can trade internationally as well as inside the free zone. You can import as well as export the goods without any tax or duties fee. However, dealings in local market will be subject to 5 per cent duty; as well as you cannot sell your products directly to consumers. That is, only through distributor or agent.
Execution of business setup in Dubai free zones
Final step in business setup in Dubai free zone is to apply for a proper license; with proper activity and having a proper entity.
Benefits Of Dubai Free Zones
- 100% ownership of business setup in Dubai free zones
- business setup in Dubai free trade zone is 100% tax free
- business setup in Dubai free zones 0% tax on import as well as Export activities
- Greater growth potential due to strategic location
- Affordable cost for high quality labor
- 3 years visas for investors, staff and family members
- Dubai free trade zone have well established transport network and road connectivity
- 100% repatriation of profits as well as capital.
- Business setup in Dubai free trade zone allow to open a bank account.
- virtual office as well as Warehouse facilities facilities
Why start a business in Dubai free zone?
Dubai free zones are really popular among tycoons and among those who want to setup company; due to their status of being tax free zones with free trading harbors; that can be solely own by the person who sets it up (regardless of the nationality). Moreover, business setup in Dubai free zone does not have a limit; that require the presence of a local person to act as a point of contact; which acts as a facilitator for increased foreign investment. Dubai free trade zone company set up process is quite smooth; and needs only that the share capital arrangements are made prior to applying for then license.
Right of doing business, huge tax savings and promising gov’t policies lead investors and owner to set up their operations in Dubai free zones. We have the experience and assets to help you get your company formation dreams without worrying about the red tape; a visa applications, documentation, and also licensing formalities, residence permits, banking details, etc., as our experts take care of all these requirements.