25 Jun Lot more than tax freedom, Dubai free zones are gateways to success.
“No Tax” regime is just one of the advantages of setting up a business in Dubai Free zones. The FTZs in Dubai and other Emirates have much more to offer. As one of the leading business consultants in the UAE with global experience, we have seen that companies need a proactive environment to thrive. That is exactly what the UAE free zones provide. Here is a quick round up for you.
“No Taxes and limits”:
A company in the Dubai free zones (there are more than 20 of them now) needs to pay
- No import/ export tax
- No customs duties
- No corporate tax
- No personal income tax
- No limit of repatriation of capital and profits
- No need to have a national partner
The licensing procedures are straightforward and designed to facilitate a wide range of business activities.
Legal entity and share capital options:
You have option to form a Free Zone Limited Liability Company (FZ LLC) or Free Zone Company (FZ Co) or a Free Zone Establishment (FZE). Different free zones in Dubai and other Emirates offer different options regarding categories of legal entity, in other words the type of company Setup. You can choose the category that suits you depending upon the number of shareholders and whether you propose to have natural person shareholders or another company as a shareholder. While Abu Dhabi’s twofour54, the free zone dedicated to media business has no minimum share capital requirement, different free zones specify varying share capital requirements, which again depend upon the type of legal entity.
The decision regarding the category of legal entity is a crucial one. It determines the business activity you can undertake. For example, there are 5 types of Ajman Free Zone Licenses that allow you to engage in business, Ecommerce, Services, industry or offshore commercial activities.
In fact, the surfeit of choices can be overwhelming, a reason why we have assigned specialist business consultants in our Dubai team to focus on different free zones. Based on exhaustive study of business needs, the team provides consultation on the appropriate choice for setting up a business in Dubai, Ras Al Khaimah, Ajman and other free zones.
Operate from Day 1:
Professionals, consultants and service providers can start operating from day 1. The free zones offer top class office premises saving you from the hassle of ‘putting things together.” In the Ras Al Khaimah free zone, you can hire semi-furnished or fully furnished ready-to-move in office space on yearly rental. 24×7 security, high-speed communications networks including IP Telephony and host of other facilities are provided immediately. Businesses can also opt for land plots for manufacturing, commercial or trading activities and ultra-modern warehouses (modifiable with prior permission).
Our business consultants in Dubai provide up to date information on the facilities at other free zones and related types of licences.
HCMC services for new business setup in Dubai:
We have acquired a niche position amongst the consultant companies in Dubai helped by client-centric business strategy. Each of our business consultants has extensive experience, which is backed by a large volume of information. The consultant assigned to you takes you on a tour of the selected free zones and accompany you to meetings with the authorities. She will help with complete documentation, obtaining trade licenses, finalising premises, immigration formalities (visa, residency permit etc.)
To learn more about the end-to-end company formation solutions we offer in Dubai and other Emirates in the UAE, contact us.