- August 5, 2020
- Posted by: DBS Editorial Team
- Category: Free Zone Business Setup in UAE
Dubai is the hub of business and trade and one of the best growing markets to reap instant profits. This is made possible through free zone business setups in Dubai. Free zone businesses in Dubai have an advantage of world-class international port and airport.
Moreover, the government and free zone authorities make investments in the run-up of major events and expos to boost the economy. Not just this, free zone in Dubai have also been the reason of improvising business structures and trade approaches across the UAE. Because of free zones in Dubai the city has become one of the most developed and highly-connected business destinations in the world.
Setting up a company in Dubai free zones takes lesser time and the procedures can be completed through a single window system.
Types of companies that can be formed in Dubai free zone:
Free Zone Company
This is a company that can be set up with 2 to 5 shareholders and a minimum capital of AED 500,000.
Free Zone Establishment
In this type of establishment, the company can have only one shareholder.
Branch of a Company
It is where a company is set up as a legal part of a parent company, which is based out of Dubai free zone.
Benefits of setting up a business in Dubai free zone:
- Import and export tax exemptions
- 100% ownership of company
- Return of capital and profits
- Privacy with limited financial reporting
- Long-term corporate tax exemptions
- Personal income tax exemption
- Assistance with all support services for the free zone company such as staff visas, housing and facilities
Top 7 free zones in Dubai for company setup:
The world’s top financial companies exist in Dubai International Financial Centre (DIFC). DIFC also has its own arbitration court and independent regulator. If you want to start a financial service company in Dubai then this can be the right jurisdiction for you.
The Dubai Multi Commodities Centre (DMCC) must be your top choice to start a company in Dubai. DMCC offers state of the art infrastructure and an attractive commercial community – which make it so preferable. DMCC is also appealing to business owners as it provides general trading license, commercial trading license and service license – unlike other free zones.
Jebel Ali Free Zone (JAFZA) is among the first free zones to be built in the Middle East region. Jebel Ali Free zone is located close to the Jebel Ali Port and the Dubai International Airport. The Al Maktoum airport is also coming up close to the JAZFA which makes it a great place for import, export and trading businesses.
DAZFA or the Dubai Airport Free Zone provides the ideal location for transport and logistics companies with its immediacy to the Dubai International Airport. Dubai Airport Free Zone also has a dedicated logistics centre and provides cargo handling facilities making efficient for import and export to regulate. DAFZA also offers round-the-clock customs clearance services and quick cargo clearance.
This free zone is one of the fastest-growing zones in the Emirates and boasts of efficient trade, networking and professional platforms. The area is easily accessible by the Sheikh Zayed Road and is in proximity of important landmarks of Dubai. It is also an iconic free zone because of the upcoming expo.
Dubai Internet City
Dubai Internet City (DIC) is home to the world’s top internet and communications technology companies. Firms involved in software development, e-commerce, consultancy, and marketing have mainly set shop in DIC. For companies looking to set up in Dubai Internet City, licensing and registration is done by Dubai Technology and Media Free Zone Authority.
Dubai media City (DMC) is the regional hub for the world’s leading news agencies, publishing houses, online media, advertising and broadcasting firms. DMC is known to provide a stimulating environment for creative professionals to showcase their work and compete with global leaders in the media field.
Consult an expert:
Still clueless which free zone to opt for? Simply consult our expert for FREE!
Get in touch with DBS Business Setup – the best business setup service providers in the UAE.
We help you understand the various types of free zones in Dubai and across the UAE. We also guide you on which free zone to opt for depending on your requirements and business activity.
For more details call us on +97145667485 or WhatsApp +971555813673 to request a call back. You may also submit your enquire here https://www.dubaibusinessservices.com/contact-us/