Every investor dreams of setting up a tax-free business in the UAE. The best way to establish a business is by using the help of a business consultant in the UAE with ample experience and strong connections within the industrial framework, such as Markai Corporate Services, the best business setup company in UAE. The UAE has nearly forty Free Zones, and though all of them have different features, most of the benefits are the same.
In 1987, Jebel Ali Free Zone Authority came into existence, and after its success, many more free zones across UAE emerged following the same footprints that made it successful. The Free Zones, though mainly known for setting up a usual business like IT solutions, Finance and Management consultancy etc., are also home to other businesses like commodities trading companies. The choice made by investors when considering a business setup in UAE Free Zones is not according to what or where the free zone is, but based on the perks and waivers the Free Zones offer that would eventually suit the requirements of investors.
Free zone company setup has become very popular amongst investors as it provides hassle-free access to various resources, huge tax benefits, and much more. In the Free Zones of Dubai, 100% foreign ownership is now allowed, making them a big hit amongst investors and their number one choice when considering a business setup in Dubai Free Zone.
The idea of a "Free Zone" has been established internationally as a model to develop and promote business in many countries, tempting potential investors to invest in the UAE market. UAE Free Zones are attractive jurisdictions for investors as it offers 100% foreign ownership, Zero tax and customs privileges to their owners, which makes them the most favorable location in the Middle East for international operations. Thus, a Free Zone Company Setup Dubai offers is listed as one of the most appealing prospects for many investors looking to establish a business in the UAE to go for a Free Zone Company.
To get your business set up in the UAE free zones, you need to follow the below-given steps:
Choose a free zone that best suits your business needs. Since every free zone has its own set of benefits and requirements, it's important to research and compare them before making a decision.
Submit a business plan and supporting documents to the free zone authority, which may include a company profile, financial statements, and proof of capital investment.
Obtain approval for your business plan from the free zone authority to get your free zone company set up in Dubai or any other city.
Pay the required fees for setting up your business in the free zone, including the cost of obtaining a license and any other applicable fees.
Once your application has been approved and the necessary fees have been paid, you will receive your free zone license and can start operating your business.
Note: that the specific requirements and process may vary depending on the free zone you choose and the type of business you are setting up. However, it is advisable to seek assistance from a professional business setup consultant Dubai has to offer to ensure that you follow the right process.
A free zone in Dubai is a designated area where foreign businesses can operate with certain benefits and exemptions. Setting up your business in a Dubai free zone offers advantages such as 100% foreign ownership, tax exemptions, simplified company formation processes, and access to state-of-the-art infrastructure. These zones are designed to attract foreign investment, promote business growth, and provide a favorable environment for various industries.
Markai Corporate Services specializes in business setup in Dubai free zones. We offer comprehensive services that include company registration, obtaining licenses, documentation assistance, visa processing, and ongoing compliance support. Our experienced consultants guide you through the entire process, ensuring a smooth and efficient setup, saving you time and effort.
Setting up a business in a Dubai free zone offers several advantages, including 100% foreign ownership, tax exemptions, no currency restrictions, repatriation of profits and capital, access to world-class infrastructure, simplified administrative processes, and a wide range of business support services. Additionally, free zones often provide networking opportunities, access to a skilled workforce, and proximity to major transportation hubs
Yes, foreign individuals or companies can own 100% of the shares in a free zone company in Dubai. Unlike mainland companies, which typically require a local sponsor or partner, free zone companies allow full ownership to foreign investors. This provides greater control and flexibility in managing and operating the business.
Dubai free zones offer various types of licenses, including trading licenses, professional licenses, industrial licenses, and service licenses. The specific license required depends on the nature of your business activities. Our consultants will assist you in determining the most suitable license for your business and guide you through the application process.
Each free zone in Dubai may have specific requirements and regulations. However, common requirements include submitting the necessary documentation such as passport copies, business plans, lease agreements, and obtaining the appropriate licenses. Our consultants will guide you through the specific requirements of the chosen free zone and ensure compliance with all necessary procedures.
The duration of the business setup process in a Dubai free zone can vary depending on several factors, including the chosen free zone, the type of license, and the completeness of the documentation. On average, the process can take anywhere from a few days to a few weeks. Our consultants will provide you with a clear timeline and keep you updated on the progress throughout the setup process.
Yes, Markai Corporate Services offers visa processing and immigration-related services for your company's employees. We assist with obtaining employment visas, investor visas, dependent visas, and other necessary permits. Our experienced team will ensure that all immigration processes are completed efficiently and in compliance with the relevant regulations.
One of the significant advantages of setting up a business in a Dubai free zone is the tax benefits. Free zone companies are typically exempt from corporate and income taxes for a specific period, which varies depending on the free zone and the type of business activity. Additionally, there are no restrictions on the repatriation of capital and profits earned by free zone companies..
Generally, a Dubai free zone company is required to operate within the boundaries of the respective free zone. However, certain free zones may allow companies to conduct business outside the free zone, subject to specific regulations and permissions. It is advisable to check with the chosen free zone authorities to understand the limitations and possibilities for operating outside the free zone.
The minimum capital requirement for business setup in Dubai free zones varies depending on the chosen free zone and the type of business activity. Some free zones do not have specific minimum capital requirements, while others may have a minimum share capital requirement. Our consultants will guide you through the specific capital requirements associated with your chosen free zone.
Dubai free zones cater to a wide range of industries and sectors. Common sectors include trading, manufacturing, logistics, IT and technology, media and entertainment, healthcare, consulting, and professional services. Each free zone may have its own set of permitted activities and industry focuses. Our consultants will assist you in identifying the most suitable free zone for your industry and business activities.
Dubai free zones generally allow companies to hire employees from outside the free zone. However, there may be specific visa regulations and procedures that need to be followed. Our consultants will provide guidance on the employment and visa requirements for your free zone company, ensuring compliance with the applicable regulations.
Opening a corporate bank account for your Dubai free zone company is a straightforward process. Our team will guide you in selecting a suitable bank and assist you in preparing the required documentation, such as company formation documents, passport copies, and proof of address. We will liaise with the bank on your behalf to ensure a smooth account opening process.
Yes, Markai Corporate Services offers ongoing compliance and business support services to ensure the smooth operation of your Dubai free zone company. We provide services such as accounting and bookkeeping, annual company renewal, license renewals, document attestation, and general business advisory. Our goal is to be your trusted partner in managing your business effectively and ensuring compliance with the regulatory requirements
