Dubai Free Zone Business Setup: Reasons You Should Opt For It!!

The Dubai free zone- also called free trade zones are typically the economic areas where goods and services are traded at custom rates and preferential tax. They were started originally to enhance the international business in the UAE region by offering advantages such as 100% company ownership, and today, there are more than 40 free zones across the UAE. 

Steps involved in a free zone business set up:

Setting up a company in a free zone is comparatively easier, as the authorities require less paperwork and duration. Mentioned below are the key steps to start a business in a free zone. 

  • Identify the type of business you want to set up
  • Select a suitable trade name
  • Register for the business license
  • Locate an office space
  • Get the pre-approvals, get the license, and register your business

While the easy setup process may be one of the factors that make free zones famous, there are many more reasons why so many entrepreneurs migrate to the UAE to set up their business. Some of the major reasons are as followed. 

  • Foreign ownership:

Apart from the easy setup process, another reason why people consider setting up their business in a free zone is foreign company ownership. Most foreign entrepreneurs willing to set up their business in the UAE mainland have to work with a local partner to do business. But, this isn’t the case with a free zone business setup. The Dubai Free Zone Business Setup allows you to set up a company with 100% ownership. 

  • Full privacy protection:

Free zones are particularly famous among entrepreneurs as there are no open directories or other open details of company ownership, and confidential information including shareholder details. All this information is never disclosed to the general public. 

  • Tax and duty:

This is one another very compelling reason to consider Dubai Free Zone Business Setup. By setting up your company in a free zone and benefiting from 0% personal and corporate tax, your business will be also exempted from the VAT. Also, your business will exempt from export and import too and trade with absolutely no currency restrictions.

A few more reasons include:

  • Amazing office infrastructure for any type of business
  • Investors will benefit from a 3-year visa
  • You can hire staffs and employees without the interference of the UAE labor legislation
  • No taxes
  • Investors can sponsor their family

So, for Dubai Free Zone Business Setup, all that is required is a few hours of your effort and some common paperwork, and you could successfully be trading from a Dubai free zone and gaining all the advantages. 

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