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.
Also Read: Ways To Set Up A Free Zone Company In Dubai