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DUBAI FREE ZONES

What is Dubai Free Zones

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Dubai has always been one of the preferred destinations for investors and entrepreneurs wanting to set up a business in the UAE. And with the inception of numerous free zones in Dubai, it has become the global hotspot! These zones stand out due to the benefits they offer to the entrepreneurs.

Whether it is 100% free ownership or tax advantages, entrepreneurs – budding or established ones, who have set foot in free zones have made remarkable strides. Having said that, seeking guidance and support from business setup consultants in Dubai has helped them start their venture smoothly and successfully.

What are Dubai Free Zones or Free Zones in Dubai?

Free zones in Dubai are certain zones, more than 30 each of which has been built to advance a specific industry. These zones are different from rest as entrepreneurs here enjoy several benefits. Unlike businesses in Mainland, foreign nationals with business in free zones get to retain 100% business ownership without the need of a local sponsor. There’s zero personal and corporate income tax which means they can repatriate the profits without any restriction.

Moreover, there are no import and export duties levied and businesses benefit from a simplified company formation process, right from documentation to obtaining visas for themselves, families and their employees. However, the setup process can be overwhelming as one needs to fulfill obligations as laid by the laws to avoid any rejection of applications.

That is where experienced free zone business consultants in Dubai like Corpin Consultants prove helpful. We are a leading Dubai free zone company formation consultant that has helped innumerable businesses establish themselves successfully in Dubai free zones.

How do Business Setup Consultants in Dubai help you?

There are many steps involved in setting up a free zone company in Dubai. The company formation consultant will guide with everything from choosing the right free zone location to obtaining license. Below is the brief lowdown of the support it provides:

Business Licensing and Registration:

This is the crucial step because depending on your business activity, you are required to apply for a specific license type such as – commercial license, professional license, or industrial license. A free zone business consultant in Dubai will help you select the right license for your operations, assist in preparing the documentation, and submit to the relevant authorities.

Choosing the right free zone:

Each free zone in Dubai caters to a specific business. For instance, Dubai Multi Commodities Centre (DMCC) is ideal for trading and commodities businesses, while Dubai Silicon Oasis (DSO) caters to tech companies. Free zone business advisors in Dubai are well-versed in local laws and so will be able to guide you with selecting the best free zone for your industry. This will ensure you benefit from the most suitable infrastructure and incentives.

Office Space Selection:

Since free zones require businesses to have a physical office or workspace, consultants will help you explore various options including physical office, a shared workspace, or a virtual office that meets your budget and company’s requirements.

Visa Processing:

After restarting the business, you will need visas for yourself, your family and your employees. While doing this all alone can be a complex process, a free zone business consultant in Dubai will handle the entire process on behalf of you – right from assisting you with preparing all the documents to ensuring they are submitted on time. If you are facing any challenges with visa renewals or immigration, they can help you with that too.

Bank Account Opening:

Having a bank account is necessary for smooth business operations. Also, Dubai has strict banking regulations and it can become challenging for a new business investor to open it. At Corpin Consultants we assist in liaising with banks to ensure the process of opening a bank account in Dubai is as smooth as possible.

Post-Setup Support:

Many consultants help you with company formation and don’t offer ongoing support after the business is established. But Corpin Consultants offers ongoing support as well, such as updating you about the new developments in laws and ensuring you abide by them, annual license renewals, applying for additional visas, and providing advice on expanding or restructuring your business.

Popular Free Zones in Dubai

While Dubai has more than 30 free zones, some of the popular ones are enlisted below you to help you make the right choice for your business.

Dubai Multi Commodities Centre (DMCC)

DMCC is a top choice for businesses looking to engage in trade, commodities, and logistics.

Jebel Ali Free Zone (JAFZA)

JAFZA, located near the Jebel Ali Port is ideal for businesses involved in manufacturing or import/export and shipping.

Dubai Silicon Oasis (DSO)

DSO is a hotspot for technology startups and companies in the digital space.

Dubai Airport Free Zone (DAFZA)

DAFZA is perfect for companies in logistics, aviation, and trade.

Dubai Airport Free Zone (DAFZA)

DHCC caters to healthcare professionals and facilities such as wellness institutions, life sciences firms and pharmaceutical companies.

Working with Corpin Consultants, one of finest free zone business advisors in Dubai offers numerous advantages – from saving time to avoiding costly mistakes. Our team has in-depth knowledge of the regulations, requirements, and processes involved in setting up a business in Dubai. We provide expert advice that is specific to your business to ensure that everything is done correctly the first time, saving you time and money.