Business Setup in Dubai Free Zone
Business Setup in Dubai Free Zone
“Investing in Dubai Free Zones: An Opportunity for International Entrepreneurs”
Dubai is one of the most popular business destinations in the world, attracting investors from all corners of the globe. One of the most significant reasons for this is the Dubai Free Zones, a group of economic zones that provide tax and customs incentives to businesses to encourage investment and growth. In this article, we will explore the benefits of setting up a freezone company in Dubai.
What is a Free Zone Company?
A Free Zone Company, also known as an FZCO, is a business entity that operates within a free zone. Free zones are areas in Dubai that provide 100% foreign ownership and offer tax and customs duty exemptions. A Free Zone Company can be incorporated as a Limited Liability Company (LLC), a Sole Establishment, or a Branch of a Foreign Company.
Business Setup in Dubai Free Zone
- 100% business ownership
- Tax exceptions
- Easy business setup procedures
- Wider access to global markets
- Range of business activities
- Easier financial transactions in different currencies
- World-class infrastructure, state-of-the-art facilities, airports, and logistics
How to Set up a Free Zone Company in Dubai
Setting up a freezone company in Dubai involves the following steps:
Choose the free zone that best suits your business needs.
Determine the legal structure of your company.
Apply for a trade name and business license.
Obtain any necessary approvals from government authorities.
Open a corporate bank account.
Obtain visas and work permits for employees.
Register with the Dubai Chamber of Commerce.
Conclusion
Those businesses looking to establish themselves in the Middle East will find the Dubai Free Zones to be a significant advantage. Dubai is an attractive destination for businesses of all sizes and industries. INCORP will guide you to all the unrivalled benefits and techniques of setting up a business in the UAE Freezones.