Dubai Free Zone Business Setup Guide!
The free zones of Dubai are the special economic
zones which offer 100% tax free environment to the businesses located there.
There are many other economical, ownership and favorable location benefits as
well, which Dubai free zones provide you. That’s why, investors and businessmen
from around the world shows great interest in setting their own set up’s in
these tax free zones.
The infrastructure of free zones is also
something really appealing. That’s another factor which attracts them a lot and
they show high interest in establishing their own setup out there. If you are
also interested in setting your own business in the free zones of Dubai, you
can hire the services of business consultants in Dubai, who can
definitely help you better in this regard. Here is a short guide to set your
business there.
Types of Companies:
What type of companies you can establish in the
free zones? That’s certainly the first and main concern for you. Following are
the types of companies you can establish in these zones.
Free Zone Establishment: (FZE)
Such companies are supposed to be established and
registered by only one individual or may be the corporate shareholder can also
register.
Free Zone Company: (FZCO)
This type of company could be registered by 2 or
more than 2 shareholders. The shareholders could be the individuals or from any
corporate company.
Types of Licenses:
It is important for every business to hold a
license to become a legal firm functioning in the free zones. Following are the
types of licenses you can normally apply for the business set up in these
zones.
Trading License:
This is a type of license, which allows you to
legally hold trade activities in these zones. In trading you can do selling and
purchasing of goods, products and commodities.
General Trading License:
By availing this type of license a company can to
every type of trading with exemptions over some of the goods that are banned
and needs special approval/permissions.
Service License:
This type of license is required for those
companies who are supposed to offer services like consultancy, accountancy and
others.
Industrial License:
This license allows the companies to carry
industrial work like manufacturing, packaging and processing in these free
zones.
Conclusion:
The business Setup in Dubai free zones
could definitely provide you a lot of worthwhile benefits. But it’s important
for you to ensure that you know about some basic guidelines that have been
discussed above. It will certainly help you do, hassle free business in the
free zones of Dubai.
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