How to pick the right free zone for your business in DUBAI UAE?
If you are on the quest of starting your own business in a suitable and beneficial area, then your first choice should be Dubai or the UAE Free Zones. To be confused about how set up business is natural in the initial phases. Company formation takes extensive knowledge and research, hard work, managerial skills and an ample know how on the paperwork and the requirements.
Free Zones in Dubai or UAE are high standard areas that are especially suited for business, startups and small and medium enterprises. There are several companies in Dubai, which are owned by foreign owners with 100 percent ownership. The credit behind this goes to the benefits of a free zone. The special tax customs, the added benefits, the standardized rules and regulations that are inclined on assisting businesses to setup in Dubai and UAE are the reasons what has made free zone businesses more streamlined. There are nearly 50 free zones in UAE. It is important to know which free zone would be most suitable for your business.
The diversification of the Emirates and the UAE has been progressing at a rapid rate. There are over 20,000 free zone companies in the UAE. Foreign investors, businesses and companies feel secure in terms of the company’s growth, tax customs and the company’s long-term success.
How to pick the right free zone for your business
With nearly 50 free zones, it might get a little confusing down the road to choose the best one. With proper research, analysis of the rules and regulations, the business standards, you need to determine which zone will meet your business demands sufficiently.
If you plan to invest on a small budget in a cost-effective way or do not have the sufficient funds to build an office space, then you are not alone. Some free zones provide company license with the minimum requirement of a Flexi desk.
- Free zones like Dubai South, DMCC and Dubai Media City have lucrative offers for small businesses, boutique consulting businesses and startups.
- If your business deals with banking or other financial services, you need to obtain the license from DIFC (Dubai International Financial Center).
- Businesses that deal with imports and exports, can seek for opportunities in Dubai South and JAFZA Free Zones. DMCC Free Zone is best suited for commodity traders.
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