Everything you would like to understand about Dubai Free zones In simple words.
‘Free zone’ means a special economic zone where business owners get the advantage of keeping 100% business ownership and luxuriate in tax exemptions. As a business owner, you get to stay all the profits accrued and pull it back to your business. Well, Free zones in Dubai are offering you only that and more.
Here are 8 reasons why you want to consider business setup in Dubai Free Zones.
- Tax exemption: While all major countries are revamping their tax laws, Dubai is offering a tax-exempted environment, letting you invest your money and cord in maximum profits and benefits.
- Ownership: Contrary to indebtedness Company (LLC) clause where your stake as a foreigner is restricted, under Free zones, you get 100% ownership on your business. While other business settings require you've got an area sponsor/promoter, under Dubai Free Zones laws, one individual can found out the business
- Ownership and lease options: you're eligible for extra perks of 25 years of lease options, having assembling and production facilities and warehouse facilities.
- Indulge quiet one activity: If you're trying to find Dubai business setup, a plus you get is that you simply aren't restricted to hold out only one business-related activity.
- Business confidentiality
- Bank account rules relaxation: you'll open a checking account in your name in Dubai.
- Reasonable renewal fees
- Wrap up at your will and discretion.
Naturally the Dubai free port Company are demarcated into various categories counting on their area of operation.
the subsequent are going to be helpful just in case you're looking to line up business in Dubai free zones migration consultants .
- Information and Communication Technology(ICT)
- Information and Logistics
- Tourism and Hospitality
Dubai Aviation Citicorp-Dubai World central (DWC) and Dubai Airport free port (DAFZA) are two strategic aviation initiatives of the government of Dubai, aimed to propel the economy within the right direction.
Under the DWC, lies The Al Maktoum international airport. It's spread across 6.7km sq. of land, has the power to handle 160 million passengers and 12million tonnes of cargo annually.
DWC caters mainly within the following service areas: Registration licensing, infrastructure, Data Centre, accommodation management, housekeeping, health safety, et al
Dubai Airport free port (DAFZ) on the opposite hand, is one among the fastest-growing Free zones not just in Dubai but everywhere on the planet . on the brink of 1600 companies operating in construction, electronics, logistics, and aviation operations on the DAFZA. Dubai international airport provides a fertile business area by offering state of the art infrastructure and modern amenities.
Dubai International Academic City and Dubai Knowledge Village.
Home to students from 137 nationalities and over 400 education courses, Dubai International Academic City is your one-stop-shop for investments within the education area.
Dubai knowledge villages offer facilities like office and retail space and business centres in human resource management and allied areas.
Dubai International center and Gold Diamond parks are two hallmarks of the financial free port that Dubai has got to offer.
With no restriction on capital conversion and profit repatriation, Dubai International Financial Centre may be a free port dedicated to connecting with economies of America, Europe, and Asia. Various banks, insurance companies, and consultants have set bases in Dubai. they're governed by international regulatory and legal standards.
As the name suggests, the Dubai Outsource Zone supports outsourcing business setups within the call center , Business Processes, Human Resource, Information Technology, and back-office operations.
Dubai Silicon Oasis free port Authority is that the place for all technology-driven modern industries in information technology space like E-services, data centres, telecoms, networking to call a couple of .
Industrial and logistics
Jebel Ali free port or commonly called JAFZA Dubai is the core free port of Dubai government in industrial space.
Over 6400 companies (120 fortune 500 companies) operate during this 50 sq. feet business centre and are flourishing due to tax-free trade and a rapidly growing business environment.
TECOM investment may be a known name in business parks. There are around 4500 businesses operating under the above-mentioned industries of ICT, education, manufacturing sectors in TECOM business parks. TECOM has laid foundations for Smart cities like SmartCity Malta- one among the foremost innovative projects undertaken in Dubai business .
Dubai Media City free port and Studio City are home to the most important entrepreneurs in media and advertisement space. consider any major global media player and that they sure have found out base during this 100% ownership and tax-free income generation sector.
There are other unclassified free ports like Jumeirah lakes tower Free zone (JLT Free zone), Dubai Health City, Meydan free port and International Humanitarian City (IHC).
When it involves operating business sectors, Dubai free port has everything under the sun. Dubai has one among the simplest infrastructure and modern amenities within the world. increase that 100% business ownership and tax-free income, the chances are endless.
We are Business Setup Consultants in Dubai assist you find out the simplest business operational area and assist you with Dubai free port business formation to make sure that your business venture is most profitable.