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Dubai Free Zones are a miracle for foreign investors who want to set up their business in Dubai. Free zones provide 100% foreign ownership, several tax benefits, and an excellent infrastructure, which make them perfect locations for investors around the globe to establish a business. Companies operating in these zones are termed free zone companies. Enterslice offers Dubai free zone company registration services to help you achieve your goal of establishing a company in Dubai. Our experts will complete the registration process for your company smoothly and efficiently. Below, we have elaborated on the Free Zone company benefits and registration process for your understanding.
Free Zone Company in Dubai
For the last decade, the UAE has been one of the fastest-growing economies around the globe, and the government has passed several policies encouraging foreign investors and business owners to start businesses in their territory. One of the investment-friendly decisions made by the government is the establishment of various special economic zones to encourage foreign direct investment in the country. These special economic zones are termed Free Trade Zones, and they provide various benefits to foreign investors, including 100% exemption on the payment of personal or corporate income tax and import and export tax. In Dubai, there are a total of 30 FTZs, namely, Dubai Science Park, Dubai Airport Free Zone, Dubai Internet City, etc. A company established and operating in these zones is termed a Free Zone company. If you are also willing to enter the global market, you should start a business in the free zones of Dubai and enjoy the tax benefits and lenient policies for business owners. We at Enterslice will guide you in establishing a free zone company in Dubai at affordable prices.
Benefits of a Free Zone Company in Dubai
The companies established in the free zone are eligible for 100% foreign ownership, i.e., if you are setting up a free zone company in Dubai, you can 100% of your business, and there is no requirement to have a UAE national as your local sponsor.
The most fascinating benefit attracting foreign investors to register/set up their company in the Dubai free zone is 100% tax exemptions. A free zone company is 100% exempt from paying taxes which is inclusive of all the taxes, i.e. import tax, export tax and corporate tax.
The cost of forming a company in the Dubai free zone is quite low, which is a key factor attracting foreign entrepreneurs and business owners.
There are no strict customs regulations applied to the companies trading in the free zones of Dubai.
One of the best advantages of registering your company in Dubai-free zones is that authorities of FTZs provide full confidentiality, i.e., all the information regarding your company's assets is kept private.
The financial transaction happens more efficiently and hassle-free in the Dubai-free zone due to the absence of any restrictions related to foreign currencies, also known as currency regulations.
Some Additional Benefits of Free Zone Company in Dubai
Free zones are the best option for startups and small and medium-scale enterprises as there are no issues in finding warehouses and office space for your company in the free zones. Office spaces and warehouses are very easily available in the free zones at affordable prices.
One of the important benefits of registering your company in FTZs is its excellent communication system and one of the world's best infrastructures a business owner can ask for. These technological advancements make it an efficient location to register/ set up your company.
Registering your company in the free zones is an easier process than the mainland. For example, the licensing process is quite fast in the free zones, and you receive your business license in only 2-4 weeks after applying to the free zone authorities.
The process for immigration is hassle-free for the companies registered in Dubai-free zones as compared to the other jurisdictions of the UAE.
If you also want to enjoy the benefits of free zone company registration in Dubai, then connect with our experts, and we will ensure the hassle-free registration of your company in the free zones of Dubai.
Process of Free Zone Company Registration in Dubai
The first and foremost step in the free zone company registration is choosing the business activity that you want to conduct in the free zone. On the basis of your business activity, you need to apply for your business license. The decision to establish your company in a particular free zone depends on the type of your business activity. Our experts at Enterslice will guide you in the selection of your business activity based on your business plan and strategy.
After selecting the business activity, you must choose the free zone in which you will register your company. The selection of a free zone depends upon the type of business activity that you have finalised. For example, if you want to establish a company in the area of agriculture, horticulture or forestry, you have to set up your company in the Dubai Science Park as it is most suitable for your needs. But if you want to set up your company in the media and marketing consultancy field, you have to choose Dubai Media City as your desired free zone for conducting business. It is important to note that selecting an appropriate free zone per your needs is crucial because a company registered in a particular free zone can't expand its business operations to another free zone. You should not worry about these things when you can just connect with our experts at Enterslice, who will find the appropriate free zone for you as per your decided business activity.
Now you have decided on your business activity as well as your free trade zone, so you need to finalise a name for the business/company under which you will operate. While selecting the name for your business, you need to ensure that it is a unique name that connects with your target consumers. This will help your company to build a brand in your jurisdiction. You should also take care of the fact that your company's name is not identical or similar to any other business registered in the UAE. A foreign investor must check several other requirements with the Department of Economic Development before finalising the trade name. The name should not be offensive, i.e., it should be violating public morals or public order of the UAE. It should not have any names or logos of any external agencies and should not have any religious names. Our experts at Enterslice will assist you in selecting the appropriate name for your business, adhering to all the guidelines of the relevant authorities and local laws of the UAE.
Following the selection of a trade name, you now have to apply for a business license with the relevant authority of your selected free zone. This is the most essential part of the Dubai free zone company registration. This is very complicated as you will have to deal with the government authorities but you don't need to panic as our free zone company registration services include getting you the business license from your free zone authorities in a fast and effective manner. It generally takes around 2-4 weeks for the grant business license.
After applying to the relevant free zone authority for the business license, you should now select an office space for your company's office. You need to choose an office space and warehouse (if needed) in your designated free zone area, as there are restrictions to operating within the free zone. There are various options like shared offices or full dedicated office spaces from which a foreign investor can select the office per their company's needs. We at Enterslice will look for a perfect office space and warehouse for your business; you just need to connect with our experts and relax.
At last, you should open a business bank account to conduct the financial transactions of your business. You need to select a bank where you will open your business bank account and submit the required documents to commence the process.
Dubai Free Zone Company Registration with Enterslice
If you are a foreign business owner or entrepreneur who wants to set up a free zone company in Dubai but is stressed about the lengthy process of free zone company registration in Dubai, then you should connect with our experts at Enterslice and experience our seamless and hassle-free services tailor-made as per the requirements and strategy of your business.
We at Enterslice will guide you in the selection of your business activity, which is necessary to determine the business license you have to apply for and the free zone in which you will set up your company.
We at Enterslice will help you finalise the free zone to set up your company on the basis of the business activity you have chosen. There are more than 30 free zones in Dubai, so it is difficult to select the best one per your business's needs, but our experts will guide you through the whole process.
We at Enterslice will also assist you in the selection of a name for your company, adhering to all the guidelines of relevant authorities and local laws of the UAE. Our experts will provide you with the most suitable name for your company that will connect with your target customers.
We at Enterslice will guide you in applying for a business license with the relevant authorities of your selected free zone. This part of the process includes dealing with the government authorities, but we will take care of that. You just need to connect with us.
We will also look for an appropriate office space for your business as per your needs and plans. If you need a warehouse for conducting your business operations, we will help you find the most suitable one at affordable prices.
In the end, we will help you open a business bank account to conduct your financial transactions of the business and assist you in the whole process of selecting a financial institution and submitting the required documents.
