With
the increasing popularity of Dubai amongst the entrepreneurs, the number of
specialist free zones is increasing in Dubai day by day. It all started with
Jebel Ali Free zone: the first free zone in the country that went on to create
a benchmark for regulations and incentives and inspired the rest of the
emirates.
As
Dubai is strategically at an ideal location and has many benefits, many
businessmen are setting up their company in Dubai
free zone.
What
is a free zone?
In UAE,
there are free zones or free trade zones for businesses where companies do not
have to pay any tax be it Value Added Tax, Income tax, Corporate tax or
customs. Entrepreneurs in the Dubai Free zone areas have 100% ownership of the
business.
What
are the different types of free zones in Dubai?
Dubai
has more than 20 free zones offering opportunities to businessmen a wide range
of activities for company formation. Some of them are mentioned below:
- Dubai
Academic City
- Dubai
Airport Free Zone Authority (DAFZA)
- Dubai
Biotechnology & Research Park (DuBiotech)
- Dubai Car
and Automotive City Free Zone (DUCAMZ)
- Dubai
Design District
- Dubai Gold
and Diamond Park
- Dubai
Healthcare City
- Dubai
Industrial City (DIC)
- Dubai
International Academic City
- Dubai
International Financial Centre
The
most suitable ground for company setup in Dubai is the free
zones. While setting up a company you must be aware of all the attributes and
advantages of each of the free zones. You are free to select a certain type of
free zone that best suits your business activity.
What
are the advantages of setting up a business in Dubai free zone?
Dubai
Free zones have world-class business amenities, state-of-the-art
infrastructure, duty and tax exemptions, and many more facilities.
- You do not
have to worry about capital deposits.
- You do not
have to pay any corporate tax for 15 years. This is further renewed for 15
years making it for 30 years in all.
- No import
and export duties.
- If you are
an investor, you have 100% ownership regardless of your nationality and
domicile.
- 100% tax
exemption on any personal or corporate gains.
EBMS;
Experienced and expert in the field, will provide you all the resources and
guidance that you need to set up a company in Dubai. Even if you just need to
enquire about it, feel free to call us.
