The UAE’s phenomenal expansion has drawn companies looking to establish bases in the area, particularly in Dubai. However, a firm can only guarantee 100% ownership if it establishes itself in a so-called Free Zone in which case a local partner is not necessary. There would not be a business tax for up to 50 years, according to the administration.
A clearly defined area of land with unique tax, customs, and import regulations is known as a free zone. These unique investment strategies, which are governed by the established regulations of each nation, allow for unhindered commercial operations. If you need a free zone license on installment for your company, contact UAQFTZ. They would assist you in acquiring the free zone trade license to start and establish your business.
Choosing from a list of free trade zones in Dubai
The best Free Zone to choose in Dubai will depend on the type of business the company is engaged in, such as trading, e-commerce, broadcasting, publishing, automotive, etc. The kind of infrastructure and services, such as warehousing and seaport access, should also be taken into account. Dubai has a very advanced commercial infrastructure and has dedicated areas for the majority of businesses, including Internet City, Media City, and Healthcare City.
Documentation that must be notarized in each country to register includes an application form, copies of passports, and the curriculum vitae of managers, a company strategy, and financial information. They would also offer 100% foreign ownership, 100% tax exemption, 100% capital and profit repatriation, no foreign exchange controls, and renewable 3-year residency visas are just a few advantages of operating a business in a free zone.
A list of Dubai’s free zones is provided below:
- Jebel Ali Free Zone and Dubai International Financial Centre (DIFC) (JAFZA)
- International Media Production Zone in Dubai (IMPZ)
- Internet City in Dubai
- Dubai Outsource Zone Dubai Knowledge Village
- Airport Free Zone in Dubai
- Dubai Automobile &Amp; Cars Zone
- Diamond and Gold Park in Dubai
- Maritime City of Dubai
- Studio City, Dubai
- Biotech &Amp; Research Park in Dubai
- Healthcare City of Dubai
- Dubai Silicon Oasis Heavy Trucks &Amp; Equipment Free Area
- Industrial City of Dubai
You would be spoilt for a choice of options to meet your specific needs. With the UAE focussing on the expansion of its trading business, rest assured that you would have numerous opportunities at your behest to meet your need to start and establish a business in the UAE free trade zone.