IFZA Freezone Company Setup Dubai: IFZA refers to the International Free Zone Authority. Free zones…
Business Setup in Dubai Free Zone
One of the most popular, easy and efficient ways of getting your business registered in Dubai is to get the Business setup in Dubai in the Free Zone. It has numerous benefits not only for the new age entrepreneurs but also for the old and experienced.
Business Setup in Dubai Free Zone
If you are one of those who is just looking for a new business setup in Dubai, then we at Star Storm would like to stop you here and get complete details about the Business setup in Dubai Free Zones.
Before letting you know the benefits of the Free zones in Dubai, we would like to tell you more about the Free zone.
What is Free Zone Business Setup in Dubai
Free Zone, by name itself one can understand it will be lenient or free in terms of the business regulations as compared to other settings of Dubai business setup.
One of the most important examples of Dubai free zone is, there are multiple laws and regulations when it comes to setting up a mainland company in Dubai.
From the cost of company setup to the rules the owner and the management should follow in order to run the business smoothly in Dubai.
We do want to tell, that all the rules and regulations for DubaI Mainland companies are for the good and we and all of us have faith in them, but for the person who just wants to start his entrepreneurship journey from Dubai. It can be changed to fully fill all the requirements.
In order to tackle this situation, visionary leadership of Dubai and UAE announces the multiple Free zone programs to run businesses in Dubai.
Free zones offer benefits ranging from the cost of the business setup and the run, office space requirements, number of visas of the employee, type of the business and the industry, size of the business and location.
Getting your free zone business setup in Dubai is super fast as compared to the other type of company formation in Dubai.
Benefits of Business Setup in Dubai Free Zone
If it is clear what is the free zone business setup in Dubai, now it is equally important to get the real perk for the business setup in the free zones based on their unique features.
As we all know, the UAE decided to allocate an area which the government declares as the Free Zone where the foreigners nationals come as an investor and set up their business without the local sponsor and gets the 100% of the company ownership.
On top of that, Dubai has multiple free zones based on the industry you want to set up a company in Dubai.
If you want to get the latest Free Zones in Dubai you can get the list of free zones from here.
Get 100% Ownership in Dubai Free Zone
If you set up a business in the Dubai free zone you will get complete ownership of the company under your name. You do not require any local sponsor to set up a company in Dubai and the process of setting up a free zone company is also very easy.
Almost 0% Corporate Tax in Dubai Free Zone
Another major benefit of getting a Dubai free zone company setup is eligible for the 0% corporate tax in Dubai. Apart from this, you can easily send back your earnings to your home country from Dubai. There is no restriction on the Profit Repatriation when it comes to Free zone companies in Dubai.
Cost Effective For Business Setup
Any other type of business setup in Dubai might be costly but Free zone business setup in Dubai is far more affordable than the mainland. One of the major advantages of Free Zone is its cost effectiveness. It really helps those who are new to the business in Dubai.
Multiple Business Options on Free Zone Business
When you choose to set up a free zone company in Dubai, you will get multiple business options you can do under one single licence. So, there is not a single product or service that you can offer, but you have multiple options to work with.
Easy Imports/Exports in Free Zone Businesses
For those who want to do an import export business or just want to get something from out of the UAE for their business needs, it will be much more convenient to you when it comes to imports and exports as a Free zone business. There are multiple exceptions for the free zone companies in Dubai for the import and export of the goods and services.
Best Free Zone for Business Setup in Dubai
There are almost 35 Free Zones where you can set up your business and start the journey of a business owner in Dubai. But, it is suggested to get a professional business setup company in Dubai to get the more accurate information and the benefits of one over another.
Main point of providing the 35 free zones by the Dubai government is to provide the free zones based on the industry of the business.
One of the good examples of this is Dubai Media City (DMC) and Dubai Internet City. In the DMC, you will get the companies from the Media, advertising, and broadcasting industry and right by this free zone, there is Dubai Internet City, which is IT, telecommunications, and software development focused.
In these Free zones you will get the offices of MNCs like CNN, BBC, Google, Microsoft & Meta.
So, you can choose the Free Zones based on your industry to get a clear idea where to start your business.
How To Setup Free Zone Business in Dubai
As we already mentioned, it is comparatively easy and fast to set up a free zone company in Dubai. One can get a company setup within a few days.
Step 1: Choose your business activity in order to choose the Free zone suitable for you.
Step 2: Company structure, for legal purposes, such as single director or the partnership firm.
Step 3: Trade name registration will be the another step which we have to look for the unique name of the company. It is crucial in order to proceed to the next step of the company formation.
Step 4: Another important step in order to get the business setup in the Dubai free zone is to get the office location. There are multiple ways of getting the office address. Star storm is the market leader in terms of virtual office address.
Step 5: Once all these are done, there will be initial approval from the free zone and then you can move to another step.
Step 6: Finally everything is approved, now you can pay the fee and your free zone company will be registered.
If you are in Import and Export business in Dubai, than you must look for the import & export code Dubai to get started.
Get Help to setup business in Dubai Free Zone
We know this is a complex process for most of the young and talented founders out there. There, we at Star Storm always provide excellent service for all the business setup in Dubai.
Now, for those who come this far, we are providing the 10% Discount on the service fee when you will do a free zone business setup in Dubai from Star Storm.