Benefits of free zone business setup in Dubai
Dubai has always led with an example when it comes to setting standards in the economic market. They came up with tax and easy-to-navigate rules and regulations, setting up benchmarks for online and offline businesses, be it LLC or Import/Export Business. Therefore, it is evident that the UAE came up with the concept of free zones to regulate a higher amount of business reaching the mainland via free zone business setup in Dubai.
Let’s move ahead and get to know the concept of owning businesses in the free zone areas of Dubai better, the benefits of running a business within a free zone as well as the information on the Dubai free zone license cost, for those interested in setting up a business in one of the most profitable markets in the world, i.e. Dubai.
Benefits of company formation in Dubai free zone
First and foremost, free zones in Dubai are basically geographic areas within a country. In these areas goods, services, and commodities can be traded without the intervention of stringent custom regulations. For most of the free zone business setup in Dubai, companies are taxed minimally or sometimes even fully exempted. This encourages economic activity and a higher rate of doing profitable business without worrying about taxes and capital revenue to be paid to the administrations. Each free zone in Dubai Mainland is an autonomous entity with its own free zone authority. This authority governs, handles registration, and issues licenses within the premises of that free zone.
The free zone business setup in Dubai were intended to act as international business hubs for companies conducting businesses outside the UAE since they were not initially licensed to operate within the rest of the UAE. Although during the initial phase, most of the free zone companies were involved in import and re-export, though now most of the companies run business within the UAE and GCC through local distributors and traders. Free zone business setup in Dubai offers the most fertile ground for setting up industries equipped with state-of-the-art infrastructure, duty, and tax exemptions, commendable business opportunities coupled with flexible government policies, and facilities that make the experience of running a business look seamless.
Why invest in a free zone business setup in Dubai?
Exploring options to have a free zone business setup in Dubai is an attractive avenue for foreign investors, as it expedites business activities and attracts companies looking to invest their capital in entrepreneurial businesses. And, how it attracts investors, entrepreneurs, and businessmen by setting up significant incentives for companies that are willing to set up their offices and industries in the free zones spread throughout Dubai. Given below are a set of incentives that are rated high amongst businessmen around the world
- 100% ownership of the business without the aid or requirement of a local sponsor
- 100% exemption from personal income tax and capital gain tax
- Inclusion of minimal Import/Export duty
- Zero per cent corporate tax payable to the administration
- Single window clearances for administrative services
- 100% repatriation of capital and profits from the business
- Speedy acquisition of license and ease of business set-up
- Transparent laws and regulations
- Zero restriction on currency movements between foreign nations
- Provision of world-class infrastructure with an efficient communication system
- Low start-up and operational cost
- No visa restrictions for recruitment of foreign national along with liberal labour laws
- Unlimited access to a wide gamut of skilled professionals and artisans
- Easy access to air, rail, and road transport systems
- Ready consumer market across MENA and Asia regions
The number of free zones is gradually moving higher every year. Currently there are 30 free zones operating across the UAE, spread far and wide across the seven emirates
One of the most salient features is that one can set up a business in return for an extremely low cost for setting up a business in Dubai free zone. And, while the registration fees are relatively low, the cumulative value will not cross over AED 30,000 even once all the other expenses are added in.
The cost of the license in Dubai free zone for attaining trading licenses ranges from AED 10,000 to AED 20,000 per annum. This based on the number of activities or services that one wishes to enlist within its business model. Thus, these figures are subject to change and are only a tool to showcase the minimal cost of doing business in a Dubai free zone and encourage businessmen to set up business in Dubai free zone, and leave the headache of handling license cost and attaining them to professionals looking to help you!
Connect with Shuraa Business Setup
There are many agencies that are working hard day and night to provide the most dependable local sponsors that align perfectly with the goals and ambitions of the company. The best agency in Dubai is Shuraa Business Setup. To book a free consultation with Shuraa’s free zone company formation specialist
Eaglewings Business Consultant
Established in 2011, with an experience of over 10 years, we acquire expertise to provide all legal and consultancy management advice to investors globally who wants to set up their business in the world’s fifth fastest growing city economy, Dubai. We, at Eagle Wings, promise to be your gateway towards growth, our potential team of competent individuals provides the business clients with the top notch, reliable consulting services. .We, at Eagle Wings, promise to be your gateway towards growth, our potential team of competent individuals provides the business clients with the top notch, reliable consulting services.
Ever since we came into being, our mission is to be the most passionate team of consultants. We are unique and proactive at delivering all your company setup and business growth needs. As a leading all in one business consultancy and management advisory in Dubai, we keep our clients up to date with any new government rules, regulations, laws, business setup procedures to secure them from any inconvenience or penalties. For enterprisers to take advantage from the region’s stability and rapidly increasing economy, we are here to carry out end to end process for them to set up their businesses. We guide you perfectly to set up your business in either mainland, free zone and offshore, whichever compliments with your goals and budget.
We see that UAE has a great reputation across the world, rapid economic growth and amazing infrastructure which makes it an ideal place to conduct business at. UAE’s government has always been in favor of innovation and enterprises. This resonates with the vision of Eagle Wing’s leadership team. We are aiming to be a world class business setup consultant in Dubai and are taking the opportunity to consult the entrepreneurs for business setup in UAE, the successful, industrious business center. Our well-trained team of professionals is determined to cater all needs for business setup in UAE. We are proficient with the high standards of legal services, latest company laws, business rules and regulations and with any other requirement for company formation in Dubai. For us, clients satisfaction comes first, we look closely what the client is required and provide them with the best possible solution, be it strategic or practical. We aim to add value in the fields of legal service, advocacy and business consultancy in Dubai. .
Business Setup in Dubai
Dubai is one of the most dynamic and desirable market in the Middle East. This year with Expo 2020 Dubai is booming with full potential. It is the only country where high-end shopping malls are affordable with so many youth workers flocking to Dubai, real estate prices are increasing rapidly, driving the prices to their highest levels. Here are some top tips for business setup in Dubai. Becoming a business owner in Dubai you will require a lot of patience, dedication and trust to start your own business in Dubai, you’ll need to invest time, resources, skills and capital; you can start a business in Dubai with a very less capital. In fact, you’ll need to spend less than $5000 for a start-up business in Dubai. It’s a land of opportunities and it has one of the highest millennial population and with this rising population, you can expect to see the number of hotels, restaurants and retail shops growing year after year. Eagle Wings is the best solution for business setup in Dubai. Our goal is to help you to start your business in Dubai with our innovative platform, Eagle Wings is a Dubai based company that was established in 2011 and our aim is to help you start a business in Dubai by providing you an affordable and easy-to-use platform.
he internet population in the Middle East and North Africa (MENA) region comprises 183 million users. Without a doubt, the traditional ways of marketing products, services, and brands – printing advertisements in newspapers, magazine or putting up posters and hoarding boards – are fading away. Today, most companies chose to promote themselves via electronic platforms such as search engines, websites, social media, mobile apps, and emails. Therefore, creating the need for digital marketing companies in Dubai.
What is the scope for digital marketeers?
Digital marketing agencies in Dubai help brands standout in today’s competitive market. Recently, the pandemic forced economies across the world to embark on their digitalisation journey for survival. Simultaneously, the UAE also felt the accelerated shift from traditional ways of advertising to newer ones, giving a major boost to providers of digital solutions.
According to researchers, 75% of MENA’s advertisement spend is on digital and social platforms. These includes Facebook Advertising Network (Facebook, Instagram and WhatsApp) and Google (YouTube videos). Be it cozy coffee shops or large corporates, businesses have accepted the importance to utilising the digital space to market themselves. Although, only a handful have the expertise of how to do so. Moreover, the competition on the digital sphere is quite high and so is the demand for expertise.