Renowned for its world-class facilities, DMCC is ideal for businesses in commodities trading and related sectors.
Free Zones, also known as Free Trade Zones, were first created to encourage international trade. In addition to offering firms favorable rates and taxes, they also allow for 100% foreign ownership. As these regions extended throughout the United Arab Emirates, they each developed a distinct set of competitive advantages and started to specialize in specific industries and market niches.
Among the many advantages of establishing a Free Zone company are its ease of use and potential cost-effectiveness. But picking the appropriate zone is crucial for your business
Dubai Free Zone is a special economic zone in the United Arab Emirates (UAE) that offers a wide range of facilities and services to businesses. It’s a fantastic location for companies to open for business and enjoy all the advantages that come with operating in a free zone. Businesses can benefit from tax-free trading, 100% foreign ownership, no currency restrictions, and a wide range of business operations in the free zone. The free zone also gives companies access to top-notch infrastructure, such as cutting-edge logistics, transportation, and telecommunications services.
In essence, free zones and perhaps even free trade zones throughout Dubai are essentially business areas in Dubai where businesses operating there are exempt from all types of taxes, including as income tax, corporation tax, value added tax (VAT), and customs. In all of Dubai’s free zones, business owners fully own their enterprises.
All trade barriers are lifted if multiple countries agree to create a mutual free zone. There are no duties or taxes of any type to pay inside the Dubai free zone. Because there are fewer obstacles, companies of all stripes are more likely to explore opening new locations or moving to the Dubai Free Zone. The Dubai Airport Free Zone, Dubai Design District, Dubai Gold and Diamond Park, Dubai Healthcare City, Dubai International Academic City, and many more are among the more than forty free zones in Dubai.
To start a business in any Free Zone you need to complete three main steps: Obtain your license, get your UAE Residence Visa and open a corporate bank account. The entire business establishment process should take one to four weeks if it is well-planned. It is mandatory for any company that operates in a UAE Free Zone to obtain a business license, which is also called a trade license. Every business license has a one-year expiration date from the date of issuance and needs to be renewed every year. Here is the step by step guide:
Renowned for its world-class facilities, DMCC is ideal for businesses in commodities trading and related sectors.
Known for its cost-effectiveness, RAKEZ is suitable for SMEs and startups across various sectors.
Perfect for logistics and trade, JAFZA offers access to one of the world largest ports and a major trading hub.
IFZA gives a business-friendly environment, access to world-class infrastructure, and a wide range of incentives and benefits.
DIC is housed within a Free Zone that offers a knowledge economy ecosystem that supports the growth of information and communications technology (ICT) businesses.
Due to its advanced infrastructure, the Dubai Airport Free Zone can accommodate investors with a range of legal structures for company registration.
The Dubai International Financial Centre (DIFC) is the city’s financial centre and it gives a platform for financial institutions to do business with the region’s growing markets.
One of the most established and reasonably priced free zones in the UAE is the Ajman Free Zone. It is thus without a doubt the greatest location to launch a business in the United Arab Emirates.
Sharjah Media City (SHAMS) is a well-known and well operated free zone in Sharjah, UAE. It offers incredibly cheap company permits for a variety of commercial activities.