Why do people consider setting up business in Dubai? What profit does setting up a business in Dubai bring for entrepreneurs? A policy of zero income tax, no personal income tax, and exemptions on export and import duty—all these benefits demonstrate the unrestrained power of organizing and operating a business in Dubai economically. Now the pertinent question that comes to every entrepreneur’s mind is where to set up a business. For this reason, doing business in Dubai’s free zone is a testament to your business’s success as a good-value location.
In this article, you will come across why Dubai has a reputation as a high-end destination and why Dubai free zone companies are the best options, particularly when compared to those associated with setting up a company on Dubai’s mainland.
What does the Free Zone company setup in Dubai envisage for you?
Doing business cost-effectively and economically means obtaining a free zone license that provides affordable office fees, tax benefits, and office space choices. Along with all these benefits, the Dubai Free Zone also provides a thriving community, state-of-the-art infrastructure, and high-quality services that allow every entrepreneur to cultivate a business in a free zone free of obstacles.
Exploring the Dubai Free Zone company setup can be an ideal solution for you. Because it has been a potential trading ground for numerous commodities. These commodities include gold, industrial products, tea, food, and precious metals.
Is the free zone a perfect place to establish business?
For business activities, including exports, imports, and re-exports Dubai Dubai Free Zone is an ideal solution for your business.
The easy and quick procedure of setting up a business
How fast you can navigate success depends on how fast you pass through the registration and licensing process. For this reason, Dubai has become a prominent destination among business owners to set up a business there. Company formation in Dubai has become much easier with easy business licenses and the quick issuance of licenses and office setup procedures that include utility, telephone, and internet connections. Moreover, you don’t need to painstakingly wait to get all this done because Dubai’s free zone companies have dedicated consulting service providers. Which helps with the remaining business setup process.
Your business can experience the scalability of fast growth
Once you are done with all the procedures for setting up the company in the Dubai Free Zone, your next step will be to learn how to reach the zenith of success and expand your business further internationally. Dubai uniquely provides a myriad of opportunities to grow your business in the market and around the world.
The cost of setting up a free company in Dubai
Follow through with all the costs that are associated with setting up a company in Dubai
1. Free zone license
The process of getting a license comes after you have registered your company. Which entails that you are now eligible to secure a trade license for your business. No matter in which free zone you wish to operate your business, you are required to pay a licensing fee. The type of license and the cost may vary depending on the type of business activities you are engaged in, that is, trading, services, and industrial. Additionally, you are required to renew your free zone license, which may cost you between AED 10,000* to AED 50,000* annually.
2. Renewal of Visa
You need to obtain a free zone license for your employees based on the space you choose. The cost of a visa can differ depending on whether the employee is a resident of the UAE or lives outside of the UAE.
3. Office space and furnishing
Operating a business in the free zone can give you a cost-effective way to lease or buy an office. And that too comes with the option of co-working office space and multistory office buildings. As the typical cost of office space starts around AED 15,000*-20,000* annually, it can differ depending on your specific free zone location. Also, get a benefit trade license in Dubai without an office space if your business doesn’t require your physical presence.
Visa authorizes you as a legal investor, thereby giving you full legal rights to conduct business in the Dubai-free zone. A residence visa becomes essential as you intend to open a bank account, apply for a driver’s license, rent a property, and sponsor a family. The general cost lies between AED 3000* and AED 6,000* and remains valid for up to three years.
5. Registration fees
You must get away with registering your business before proceeding with the next process. The registration fee starts at AED 3,500*, which also depends upon what type of business and which free zone you are applying for.
Who can help you with your company formation in the Dubai free zone?
Flyingcolour is a company formation consulting firm that makes your process easy by assisting you in understanding the cost involved in setting up a free zone company in Dubai. We give comprehensive guidance on how you should defray your expenses for license fees, registration fees, visas, and other expenses. Make a considerate choice about your business with us that will affect the success of your business.
To learn more about online home business licenses in Dubai, book a free consultation with one of Flyingcolour team advisors, call +971 50 5585305, or send WhatsApp messages to +971 4 4542366. You can also drop an email at info (at) flyingcolour (dot) com.
*Please note that this article has been published on 9/01/2024 in accordance with the federal policies and updates at the time of writing. For the latest info please talk to our consultant.