In the United Arab Emirates there are a lot of free zones , which It makes setting up a business here difficult. However, with the help of several investors, it is possible to find a suitable free zone for your business venture. This process is made easier by the fact that many investors are available to help you choose the best one. By doing this, you can set up your company in the free zone in the shortest period of time and at the lowest possible cost.
There are many reasons why Invest in Dubai A great decision for investors. First and foremost, Dubai has a number of unique advantages, including strong economic prospects and a stable political environment. In addition, Dubai is a great place to do business, as the city is incredibly conducive to business growth. For entrepreneurs looking to establish their businesses outside their home countries, Dubai is an excellent choice due to its high level of international connectivity and well-developed infrastructure.
Permitted types for activities:
- To work as a free zone company, you must first obtain a business license for every activity the company will engage in, such as consulting, trading, etc. Owning shares or capital is allowed.
- For offshore companies, it is permitted to carry out several activities within a single company - as long as these activities are not listed above as prohibited.
The authorized activities are:
- Business and management consulting
- General Trading
- Holding companies and owning shares in other companies in the country or abroad
- Trading (select type)
- Free possession of property
- Accounting, reporting and auditing
Offshore companies are not required to submit audited financial statements, but are required to register accounts and prepare financial statements. Free zone companies are required to register their accounts and prepare financial statements, but they are not required to submit audited financial statements. Are there any restrictions on the type of commercial companies in Free Zones or the external companies of the United Arab Emirates that can do in the Emirates? There may be some limitations.
Companies with a commercial or industrial license may only conduct business in the free zone or outside the country. To sell their products in the UAE, they must work with an authorized agent in the UAE. The fee is usually 5% for "export" within the UAE, but services and products can be sourced from within other regions of the UAE.
- Setting up a Limited Liability Company in the UAE through a local “Sponsor” - This option can be coordinated but fees must be paid to the local “Sponsor” for the purpose of facilitation.
- Create a UAE Limited Liability Company with 51% internal interest - You can coordinate this option but fees must be paid to the local 'sponsor' for the purpose of facilitation.
Foreign companies belonging to the United Arab Emirates, as well as free zone companies, may own shares in other Emirati companies. These companies are not allowed to trade within the United Arab Emirates or with its residents.
Free area:
contains "free zone" has a variety of different definitions, but in most cases refers to an area in which Store, handle and manufacture goods according to specific rules. These areas are completely separate from the normal laws and regulations of the state. A company incorporated in a free zone does not need a UAE national sponsor.
Free zones in Dubai and the UAE as a whole are exempted from the laws set by the Ministry of Economy to regulate commercial activities. This makes it an ideal place for international companies who need to conduct business without restrictions. One of the advantages of working in the free zone is that there is no need for a partner or sponsor from the Emirates; All you need is to open a company in Dubai and the Free Zone.
Dubai is a great place to live, work and visit, due to its booming tourism, trade and shopping, rich oil history and friendly business climate. In addition, its location makes it a popular choice for those looking for a peaceful country. The Jebel Ali Free Zone is one of the largest free zones specialized in the fields of industry, trade and logistics services in the world. It has been operating for more than 35 years, during which time it has pioneered a model of economic zones that can be applied to any part of the world. Today, Jebel Ali Free Zone is the headquarters for more than 7,500 companies.
Discover how to set up a company in Dubai (Free Zone):
Choosing the right free zone for your business is one of the challenges that entrepreneurs face. In Dubai alone, there are more than 40 free zones, which makes it easy for you to find the right location for your company. With our years of business management experience, we can help you choose the best free zone for your project. We can also help you get your business up and running in record time and at a low cost.
It is much easier to set up companies in the Dubai Free Zone than within the emirate, as 100% ownership is allowed for any nationality and there is no need for a partner or sponsor from the UAE, as the company is registered as a free zone corporation. In this case, the main company may be located outside the Emirates and it is not required to be inside the Emirates.
Companies located within the free zone are governed by the authority responsible for the free zone, which is usually the body that issues licenses to the companies. This depends on the location of the free zone and the type of business you are engaged in. The responsible authority will issue a license according to the location and activity.
The steps to establish a company in the free zone include the following:
- Choose the appropriate site.
- The trade name is the name that distinguishes one company from another.
- Obtaining a trade license for the company.
- Obtaining the initial approval to start work.
- Registration of the trade license.
- Completing and obtaining the trade license requirements.
The UAE has been experiencing rapid growth in trade recently, with companies establishing Same in free zones. This is due to the state's flexibility in dealing with laws, as well as the fact that businesses can be easily organized and managed in these areas.
If you are an investor or an entrepreneur and want to invest in the Arab region or the Middle East in general, Dubai is a great choice. This stunning emirate has a number of benefits that make starting a company here a very positive experience for all involved. If you are looking to set up a small or medium-sized company or even a large organization outside your country, Dubai is an excellent choice.
What are the advantages of setting up a company in Dubai?
Some of the benefits of setting up a company in Dubai Free Zone include:
Repatriation of capital and profits abroad, 100% exemption from import and export duties, no tax on corporate profits or personal income in most cases, and no restrictions on the use of currency. In addition, the costs associated with operating a business in Dubai are relatively low compared to other locations.
- Pre-built offices, factories and warehouses
- Quick incorporation and licensing procedures
- One window for customs clearance; Any multiple administrative services in one stop
- Provides labor placement assistance and ancillary support services, such as sponsorship and on-site accommodation
- Abundant and inexpensive energy
- Excellent infrastructure, communications and an attractive work environment
You can contact us and we are happy to assist you in the investment projects that you want to undertake or establish a company in Dubai in the free zone
