Dubai is always an attractive location for SMEs and Entrepreneurs around the world to start their dream business because Dubai is the business hub and offering very low tax rate with strategic location. Government of Dubai is also too much business friendly and they are doing a lot for investors, startups and entrepreneurs for starting their business in very easy and with low cost budget. They are giving them all the opportunities to earn the money.
There is also one main reason for business is Dubai Free Zones. These free zones are also known as Free Trade Zones. Main reason of these free zones is to give 100% foreign company ownership with many other business friendly benefits. There are almost 30+ Free Zones only in Dubai. From these main and world class free zones are:
- DMCC Free Zone
- Jabel Ali Free Zone
- Dubai Airport Free Zone
- Dubai Auto Zone
- DIFC Free Zone
- Dubai Internet City
- Dubai Healthcare City
- Dubai South (Dubai World Central)
- Dubai World Trade Center Free Zone
- Dubai International Academic City
- Dubai Design District
- Dubai Media City
- Dubai Silicon Oasis
- Dubai Gold & Diamond Park
- Dubai Knowledge Village
- International Media Production Zone
- Dubai Production City
- Dubai Studio City
What is FZE and FZC?
While setting up business in Dubai Free Zones or any other Free Zones you must understand the terms FZE and FZC
- FZE – FZE is Free Zone Establishment, which means a business with single shareholder
- FZC – FZC is Free Zone Company, which means a business with two or more than two shareholders
Advantages of Dubai Free Zone:
- 100 % foreign ownership
- Low tax rates
- Installment Plans
- Flexible payments
- 100 % repatriation of capital and profits
- No restrictions on hiring of foreign employees
- Easy labor laws
- Company formation just in 08 hours
- 24 / 7 office access
- Easy approach to the world
- Access to MENA region
Process of setting up business in Dubai Free Zones:
Setting up business in Dubai Fee Zones are very easy, following are few steps which you have to do while setting up business in Dubai Free Zones:
Business Activity – First of all you have to choose your business activity that what kind of business you want to do. You can select one or more than one activity in one license.
Business Name – After choosing your business activity you have to get your business name. You have to proposed three names from which one will be approved.
Application and Documentation – After name approval, you have to fill the application form and do the typing of MOA and other relevant documents to get the trade license and other relevant documents for business. If you are having an issue to prepare the file then leave it on Easy Step Consultancy because it’s a good thing if you can leave it on professionals to save your time.
Bank Account – After submission of application form and other documents file you will get your Trade License then you can go to bank with your company documents and apply for Business Bank Account.
Visa Processing – This will be the final step of business setup process. To live and to do the business in Dubai you need a residency visa. Being an owner of business, you can get ten-years, three years and two years residency visa. Every Free Zones have its own fees for immigration and visa.
Why Easy Step Consultancy?
Setting up business and typing of documents are never been easier who is not professional of this field. Easy Step Consultancy is very much professional for setting up business, documentations, visa processing and bank accounts.
For more details and free consultancy contact us at +971 55 962 6500 or write us at [email protected]
