Like the Mainland, Free Zones in Dubai and the UAE are subject to rules, especially when setting up a business. Fortunately, you can seek advice from the several best Free zone consultant in Dubai who can help you choose the best free zone for your company in Dubai.
There are more than 30 active free zones in Dubai. Each Free Zone is built around one or more specific industry sectors. Consequently, only businesses operating in these locations can apply for permits, such as those for Free Zone Enterprises (FZE). Businesses established in free zones in Dubai and other UAE locations benefit from fewer restrictions, a lower minimum capital requirement, and simple startup procedures. As a result, many investors are looking for new opportunities in free zones.
So if you are looking to establish a business in Dubai’s free zones and want assistance from the best free zone consultant in Dubai, continue reading. This blog will walk you through all you need to know.
Benefits of Setting up a Company in the Dubai Free Zone
Here are a few explanations for why many ambitious entrepreneurs pick Dubai’s free zones:
- No break-in government ownership. Investors have complete control over the issue of possession.
- Capital and profits are both fully repatriated.
- Tariffs, taxes, and charges are not applied to imports and exports.
- Use of the warehouse is free.
- Investors can engage in a variety of activities, including property ownership. He can open bank accounts without much difficulty.
- The housing facilities, other support staff, and company employees can all quickly obtain visas.
5 Best Free Zones in the UAE for Company Formation
1. DMCC Authority Free Zone
The DMCC free zone is a gateway to global trade and an exclusive location for retail exposure for your company. It is not only one of the most prestigious free zones in the region but also the largest, making it an excellent choice for companies in the financial or commodities sectors.
2. Creative City Fujairah
Creative City Fujairah is an ideal location for media, events, publishing, marketing, or communications companies. If you want to collaborate with others and offer your talents, you must consider this free zone carefully.
3. Sharjah Media City (SHAMS)
Sharjah Media City (SHAMS) is well-known in the UAE. It is the area’s fastest-growing media-free zone, and starting a business here is typically less expensive than elsewhere.
SHAMS is praised for its innovative, proactive approach to assisting clients. This is a great option if you need your media company to get up and running quickly.
4. Jebel Ali Free Zone (JAFZA)
JAFZA is a free zone for business setup in Dubai, United Arab Emirates. It is ISO certified and supports a wide range of business modules as well as modern working practices. The JAFZA is a flagship free zone, providing permits for trade, service, industrial, and e-commerce to companies.
5. International Free Zone Authority(IFZA)
One of Dubai’s most profitable free zones for business establishments is the International Free Zone Authority (IFZA). The relatively new IFZA free zone offers a very affordable setup process for startups and businesses. In fact, you do not need a physical office in this free zone to start your business.
Key steps to start a business
UAE Free Zones Company formation requires you to submit several documents, depending on the activity. You must provide a few copies regardless of your business activity. The following are some of the necessary documents:
- Determine the type of legal entity
- Choose a trade name
- Apply for a business licence
- Choose an office space
- Get pre-approvals, register your business and get your licence
Any other documentation will depend on how your business is set up, in which free zone it is located, and various other factors. The UAE Expansion India Branch will help you with the list of documents.
What Is the Process of Starting a Freezone Company?
The process of starting a free zone company is fairly straightforward. The following is a brief overview of the same:
- Select your preferred jurisdiction and business activity.
- Choose a company name and legal structure.
- Obtain initial approvals if required and apply for a license.
- Submit the relevant documents and pay the required fees.
- Once you have the license, rent or lease an office space as required, hire employees, open bank accounts, and start operating!
Cost of setting up a company in a Free Zone
Various factors influence the cost of establishing a Dubai-free zone company. As a result, providing an exact price is impossible, though the cost begins at AED 12,500. These factors include your desired activities, the needs of your company, the type of license you require, rentals, and so on.
Even if some free zones in Dubai are more expensive, it is critical to consider how the free zone you choose will impact your company’s long-term profitability. Experts at the UAE Expansion India branch can provide you with the best free zone consultant in Dubai with specific information on how much it will cost to establish a free zone company in Dubai.
Why Do You Need to Partner With a Free Zone Consultant in Dubai?
Starting a business in the free zones territories is easier than ever when you work with Business Setup consultants. They have a wealth of business knowledge and are available to assist ex-pats, UAE citizens, and other aspiring entrepreneurs in establishing their brands in the Free zone, UAE. You get complete business assistance from some of the best minds in the country who help you make sense of the rules and regulations of the location to make the most out of it.
You can use their full range of services, which includes obtaining a trading license, obtaining visas, completing paperwork, opening a company bank account, finding low-cost office space, and much more. You can contact qualified consultants to clear up any confusion and start company formation in the UAE Free Zone. They ensure that everything is carried out legally and is compliant with the rules. Furthermore, consultants educate you on the possible restrictions and roadblocks you may face and how to steer clear of them.
Some of the advantages of working with a free zone consultant in Dubai are as follows:
- Easy acquisition of a business license
- Obtaining visas
- Locating the best office space for your company
- Constantly provide critical business advice
- Knowledge of the governing business law
- Estimated costs and corporate budgeting
UAE Expansion – Best Free Zone Consultant in Dubai
If you want to partner with the best free zone consultant in Dubai, contact the UAE Expansion right away. UAE Expansion has helped over 60,000 entrepreneurs start their businesses thanks to their 21years of experience.
With a highly qualified team of lawyers, certified accountants, tax consultants, translators, well-connected public relations officers, and corporate advisors with in-depth knowledge of the UAE’s operational framework, we not only provide you with a consultation on company formation based on your business activity and budget but also guide you through all of the necessary steps. All you need to do is get in touch with us.