Dubai south free zone

Since the UAE’s first free zone opened its gates in the 1980s, it’s reasonable to say they have been a active success. Free zones are usually recognized as playing a giant part in both the change of the UAE’s economy and the country’s upswing to becoming one of the world’s important business hubs. The UAE’s free zones explanation for over one third of the nation’s non-oil trade and were respected at around USD 140bn in 2015 – according to Gulf News. And the top-secret of their achievement is, well, not very secret. It’s clear to see why businesspersons find them such an good-looking proposal – 0% corporate and personal tax, 100% repatriation of capital and profits, no currency restrictions, 100% company ownership, and 100% import and export tax exemption – to name just a few of the benefits.

However, every free zone offer these benefits, it is not true to say that all are the same – each also offers up its own series of assistance that change slightly from others in the region.

So adding in this, the latest installment is the Dubai south free zone; we are going to look at Dubai South Free Zone. If you’re sold on the idea of setting up in a free zone but are still bearing in mind your options, here are some key benefits of Dubai South free zone to help decide whether it’s the right fit for your business.

Key benefits of Dubai South free zone

A Multimodal Platform - The joined master plan of Dubai World Central comprises eight districts: The Al Maktoum International Airport, Aviation District, Logistics District, Commercial District, Residential District, Exhibition District, Humanitarian District and Golf District. Dubai World Central (DWC) denotes the meeting of Dubai’s logistical prowess spanning sea, land and air. Dubai World Central DWC is directly linked to Jebel Ali Port via a dedicated logistics corridor. This forms a single customs bonded free zone crossing approximately 200 square kilometers.

Strategic Location - The development is strategically located to the south of Jebel Ali and connected to the Jebel Ali Port via the Logistics Corridor. Dubai South free zone offers direct access to two of the primary Trans; emirate road networks - Sheikh Mohammed Bin Zayed Road (previously known as Emirates Road) and the Dubai By-Pass. It is also suitably linked to the Sheikh Zayed Road, a freeway popular with several UAE motorists.

World Class Business Hub - Dubai is like a dream situated to access the world’s emerging economies, which makes it the ideal location to set up and develop the business in this region.

100% business ownership - An expat can fully own the business without a requirement of a local partner.

Flexible Office Solutions - Options for straightaway available flexi desks (plug and play), tune up offices, as well as freehold & leasehold offices for retail and commercial use.

A full range of business activity options - Dubai south free zone reflects majority of Dubai Department of Economic Development activities from commodities to retail outlets, consultancies to beauty salons.

Fewer Nationality Restrictions - Lesser limitations apply compared to other free zones in terms of ownership, visas & dependent relative sponsorship.

Free zone company formation in Dubai

Free Zones in Dubai are special economic zones offering tax free, 100% foreign ownership and free customs duty benefits to expat investors. This makes the free zones the most promising places in the Middle East for worldwide operations and fascinates many in Free zone company formation in Dubai. As a leading business consultancy, Business Link specializes in free zone company incorporation in Dubai & UAE free zones. Our free trade zone company formation service and business setup in UAE free zones includes A to Z processes done in professional way at minimal costs.

The company formation in UAE free zone is not subject to commercial firms Law. Free Zones in Dubai and UAE are considered to be outside the rule of UAE, and are beneath the rules and regulations of concerned free zone. The companies under the Dubai Free Zone are responsible to maintain the rules and regulation of the Dubai Free Zone Authority.

Dubai offers excellent business prospects for investors from all over the place of the world for their Free zone company setup in Dubai. As far as the rules and regulations are concerned, Dubai offers the most generous working situation and easy free zone company formation processes. We acts as one of the stop solutions to the investor thus decreases the troubles to investors and gets everything complete the fastest possible way.

Types of company registered in Dubai free zone

Free Zone Establishment (FZE): This type of company can be open with one individual or with one corporate shareholder.

Free Zone Company (FZCO): This type of company can be open with minimum of 2 or more shareholders. Shareholders can be either individuals or corporate companies

Branch Office

All these types of firms may not be offered in every UAE free zone. There will be some change according to the rules as well as regulations of each free zone authority.

How to start a business in UAE Free Trade Zone?

There are more than 44 free zones open within the UAE. Every Emirate is having different free zones authority with different procedures. In Dubai itself, there are around 33 free trade zones on the market. Among them, the leading free trade zones are Jebel Ali free zone (JAFZ), Dubai Airport free zones (DAFZ), DMCC, DCCA and lots of other free zones. Free Trade zones are created to support the activities. As an example, Dubai Media free zone, Sharjah Media free zones are completely different media free zones within the UAE.

·         100% foreign possession of the businesses, and are

·         Exempt from company and private taxes for a as variety of years.

·         They are most ordinarily used for import / re-export or for industrial or producing firms.

·         Many service-related firms conjointly use free zones as their base of operations.

·         The key purpose to notice is that these entities aren't accredited to try to to business outside of the free zones.

Type of license available in Dubai free zone

Normally, Dubai freezone company formation offer the following types of business licenses:

·         Trading License: This type of license allows company to carry out trading activities like buying, import & export and selling of limited number of goods and commodities.

·         General Trading License: This type of license will allow company to deal with trading of all types of goods with some exemption on banned goods and products that need special approvals.

·         Service License: This type of license is issued to companies which deal with consultancy, accountancy, etc. services.

·         Industrial License: This type of license allows the company to carryout manufacturing, packaging and processing in Dubai free zone.

Key benefits of Free Zone Company set up in Dubai

·         100% Foreign Ownership (no local partner or sponsor required)

·         No corporate tax for 50 years and can be renewable for an additional 50 years

·         Easy recruitment procedures, work permits and Visas

·         Duty free goods importing into the free zones

·         Facility to own the properties

·         Business confidentiality is strictly maintained

·         No restriction for doing more than one activity

·         Renewal fees are moderate for Business setup in Dubai free zone

·         Allowed to open bank account in Dubai

·         Can wind up business at your discretion