Setting up your dream company in Dubai Free Zone
The Free Zones in Dubai are one of the major driving factors for foreign direct investment in UAE. Foreign investors can easily set up their companies in Dubai Free Zones. There are various benefits to setting up a company in Dubai Free Zones. Tax savings and 100% foreign ownership are the highlights of a Free Zone company.
Additionally, the Free Zone has certain incentives such as Zero import duty, in-house customs control (selected free zones), banking assistance, business support services, and more. The investors can seek the assistance of experienced Business Consultants such as AURION to set up a company in Dubai Free Zones without any roadblocks.
The Free Zones in Dubai provide numerous support services to investors along with the issuance of trade licenses and company documents. They empower entrepreneurs with all required infrastructure and support services.
Investor experience a host of infrastructure and amenities that will support the business growth. Also, the regulatory policies and tax regulations are favorable for foreign investors. Additionally, the Free Zone offers complete ownership to foreign investors, minimal taxation, full profit repatriation, easy company setup, and access to world-class office space, warehouses, etc.
Most of the Free Zones are located in proximity to Airports or Seaports. It makes the trade operations much easier to coordinate. Investors find it hassle-free to run their business from a Free Zone. The ready-to-occupy office spaces, customized warehouses, logistics support, networking opportunities, etc., make Free Zones a preferred choice for foreign investors.
Again the smooth governance, quick company setup, faster approval process, visa processing, and import-export clearance via in-house customs checkpoints (selected free zones), are added advantages in operating from a Free Zone.
The Company Setup process in Dubai Free Zones follows a straightforward approach. There are certain steps the entrepreneur must follow to set up a company in the Dubai Free Zones.
AURION will guide the investors through the company setup process in UAE. The team will ensure the company is set up the right way. It involves many decisions when setting up a company in Dubai Free Zones. A few of them are choosing the right free zone, business activity, visa quota, office or warehouse facility, etc.
Experienced Business Consultants such as AURION will provide the right company package in Dubai. Based on the investor’s preferences, and budget. and requirements, the team will design the right solution. The process of setting up a company in Dubai Free Zones starts with choosing the right Free Zone and business activities. The selection of business activities is a very important aspect of company setup. The chosen business activities will be added to the trade license of the company.
Furthermore, once the business activities are finalized, the company name must be chosen to go for initial approval. The investor must also submit their short profile, passport-size photograph, passport copy, entry stamp, or UAE residence Visa (if any) for verification after obtaining the initial approval from the Free Zone Authority.
Choose the office space or warehouse depending on the business requirement. AURION will prepare the lease agreement and coordinate with the Free Zone authority for the office space allocation to the investor.
The entrepreneur must make the payment for the trade license and office space to receive the company documents. Now, the investor has a legal company registered in UAE. They will also have access to the Trade License, and Company Documents such as Memorandum of Association, Special Permits required (if any), and more.
Once the Trade License and Company documents are ready, the investor can obtain an investor visa and open a corporate bank account for the company.
The cost of company setup in the Dubai Free Zone varies depending on the Free Zone, visa availability, and office rent. Cheapest Free Zones in Dubai are most in-demand among foreign investors. Dubai is a growing business hub of the Middle East with many large profitable companies operating from Dubai. The Free Zones in Dubai are home to numerous large and small companies that operate their international business.
The Dubai Airport Free Zone is one of the most prestigious Free Zone in Dubai and for a 10 Sq.m office, the overall cost is AED 52,165. As the size of the office varies and the number of visas adds up, the cost of the company set up in the Dubai Free Zone varies accordingly.
Similarly, the Dubai Silicon Oasis – IFZA Free Zone in Dubai offers startups and entrepreneurs a host of company packages at a lower cost. The cost of company setup in Dubai International Free Zone Authority starts at AED 12,900 for a Zero Visa quota company.
Reach out to our highly experienced business consultants to know more about the process of company setup in Dubai Free Zones. Based on the specific business requirement of the investors, the team will choose the right Free Zone, company package, office/warehouse space, and other business support services.
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