FREEZONE

Dubai has numerous budding entrepreneurs globally to trigger their businesses, this city is very nice destination in this part. Starting a business can become very easy with a certain location, well-wishing with that of the investors, and without any taxes.

Setting up a business is one of the easiest ventures to open a company in Dubai through its free zones. The aid of business company service providers like BSET Dubai makes it easy and fast to grow the business through free zones. We have all the details regarding the free zone and about how BSET Dubai can really assist you and make your company big.

What are Freezones in Dubai?

Freezones are the special economic areas in Dubai to attract entrepreneurs and investors worldwide, and these are free from all taxes. There are many benefits of joining a freezone for a business, like complete ownership by the foreign owners themselves, without any type of local involvement; no taxation is charged; no import and export duties levied; easy incorporation process favoring people.

In fact, many global entrepreneurs opt for freezones because it makes their endeavor seem simpler and much more practical.

Benefits of FreeZone Company formation

1. Ownership Percentage helps fully foreign-owned venture is the only viable option in comparison to the so-called mainland companies.

2. The company in freezone is exempted from corporate, income, and import/export taxes.

3. Full repatriation of profits and capital is allowed for the enterprise.

4. Registration is quick and easy, with the advice and guidance of professionals like BSET Dubai.

5. Many freezones are strategically located near ports, airports, and customs areas, which helps in facilitating efficient trade and business operations.

6. State-of-the-art infrastructure, includes offices, warehouses, and industrial units helps in enhancing operational efficiency and business growth.

Top Freezones in Dubai

Dubai has been developed to more than 30 freezones that cater to various industries. Some of the most popular ones in the list are:

DMCC (Dubai Multi Commodities Centre): DMCC is the best freezone for bargaining and commodity world trading.

JAFZA (Jebel Ali Free Zone): This is purely an export-dependent and logistics hub.
DIC (Dubai Internet City): Most of the firms operating here are tech firms, IT companies, and suchlike entities.
DMC (Dubai Media City): Home to most of the media, marketing, and entertainment houses.
DSO (Dubai Silicon Oasis): All the tech and innovation companies start here.

How to Set Up a Business in a Dubai Freezone

Step 1. Choose the Right Freezone

Research freezones to find one that suits your industry. For example, if you’re in technology, Dubai Internet City or Dubai Silicon Oasis might be your best options. BSET Dubai provides personalized consultations to help you make the right choice.

Step 2. Identify Your Business Activity

Each freezone has its own list of allowed activities. Choose one that aligns with your business goals, and let BSET Dubai guide you through the process.

Step 3. Select a Legal Structure

Decide whether to establish a Free Zone Establishment (FZE), Free Zone Company (FZC), or a branch of an existing business. This depends on the number of shareholders and the type of business.

Step 4. Register Your Business Name

Choose a name that reflects your business while following Dubai’s naming rules. The name should be unique and comply with cultural standards.

Step 5. Submit the Required Documents

Prepare essential documents, such as passport copies, visa applications, and a business plan, and submit them to the freezone authority. With BSET Dubai, this process becomes seamless and hassle-free.

Step 6. Obtain a Business License

Apply for the appropriate license based on your business type, such as a trade license, service license, or industrial license.

Step 7. Lease Office or Warehouse Space

Most freezones require businesses to lease space. Options range from shared desks to private offices and warehouses. BSET Dubai can help you secure the ideal location for your operations.

Step 8. Apply for Visas

Freezones provide visa assistance for business owners, employees, and their families. Let BSET Dubai handle your visa applications to save time and effort.

Rules and Compliance

While freezones offer flexibility, businesses must adhere to certain rules:

Renew business licenses annually.
Maintain proper financial records if required by the freezone authority.
Comply with UAE labor laws when hiring employees.

Freezone vs Mainland Business Setup:

Feature	Mainland	Freezone
Ownership	You can only own 50% of the business depending on the type.	You can own 100% of the business.
Taxes	Must pay corporate taxes and VAT	No tax is levied on freezone businesses
Approval process	Needs approval by government offices	Freezone authorities’ approval is enough.
Cost	Cost more to set up and run	Comparatively cheap to set up
Business types	Can have many types of businesses	Only freezone-approved businesses are allowed.

FAQs

1. What is a free zone in Dubai?

Ans. In the UAE, free zones are well-specified areas that allocate 100% ownership, no taxes, and simplified rules of conducting business.

2. What are the types of licenses that are available in free zones?

Ans. The common trade, service, industrial, and professional licenses are granted if the business is of this particular type.

3. What is the average capital required to build a facility in a free zone?

Ans. Actually, the fee can fluctuate greatly owing to the free zone in which the facility is being constructed as well as the specific kind of business.

4. Why choose BSET Dubai for business setup?

Ans. With expert advisory, documentation attendance, and tailored packages for a comfortable initiation of business.