Dubai free zone company setup
Dubai has got much fame because of its favorable business opportunities. It has a strategic global position along with attractive tax system, especially its free zones. You will be glad to know that Dubai free zone company setup will provide you a 100% tax exemption on corporate and personal income. Plus, you can also repatriate your entire profits and capital with no currency restrictions.
The best thing about Dubai free zone company setup is its affordability and ease. You just need to follow a few steps to setup your company in Dubai. Entrepreneurs can get the following benefits for setting up their company in the UAE.
- No currency restrictions
- 100% foreign possession
- Low operational and startup costs
- No requirements for paid-up share capital
- No visa constraints
- Access to up-to-date facilities
- No yearly audit requirement
- No requirement for incorporation to get a physical presence in Dubai
- No requirement for office rental
- NOC from visa sponsor is not required
- Startup support for growth accelerators and incubators
Procedure for Dubai free zone company setup
First of all, you have to select a business activity or activities. Here in UAE, more than 2000 business activities are permitted by DED (Dubai Department of Economic Development). These activities include all the major industries from consultancy to manufacturing. It is important to choose a suitable business activity or activities as per your license application. Make sure your selected business activity can fulfill your business needs and is permitted in a free zone.
After deciding the business activity, next, you have to select your company name. Here you need to be careful as UAE is very strict for company names. Like you cannot choose a name that includes blasphemous language or offensive words or any reference to Islam or Allah. If in case you want to choose your name as company name, then use it in full form. Lastly, check the availability of your company name to get registered. Here you can take help from the Trade License Zone, which is a company setup expert in UAE.
Select a free zone in accordance with your industry. It’s because several free zones exist in the UAE and each caters for a specific industry. Get help from your Dubai free zone company setup expert in choosing the right free zone. Next, you have to apply for a license depending on your business activity. Along with the license application, you have to submit visa applications for you, your dependents, and workers.