A number of Dubai Free Zones have been established in order to provide a wide range of incentives to investors from around the world. The following information will help you decide whether establishing your business in one of the Free Zones is an advantageous solution for you: |
|
Advantages of Dubai Free Zone Company Formation
|
|
1. |
Dubai Free Zone company incorporation is an attractive solution because there are no corporate or personal income taxes in any of the Free Zones. |
2. |
Free Zone company incorporation has no customs duties. |
3. |
Free Zone company formation has no import or export taxes. |
4. |
Free Zone company formation typically has no restrictions on recruiting labour. |
5. |
Dubai Free Zone company formation is quicker than incorporation outside the Free Zones. |
6. |
Investors planning Free Zone company incorporation can choose from a wide range of facilities to meet their needs. |
7. |
The Jebel Ali Free Zone (JAFZ), the largest of the Free Zones, permits 100% foreign ownership. |
8. |
Free Zone company incorporation is ideal for companies who trade in high value, low volume cargoes which need swift access to their markets. Investors who choose Free Zone company formation for this purpose favour Dubai Airport Free Zone (DAFZ), which is located adjacent to Dubai International Airport and which features fast cargo clearance of as little as eight hours. For more information on this Free Zone company incorporation, please follow this DAFZ link. |
9. |
Investors planning Free Zone company formation for manufacturing may benefit from shared services and synergies with other companies located in the Free Zone. |
10. |
The Free Zones enjoy sophisticated communications infrastructure. For example, Dubai Internet City is home to many leading information technology (IT) companies. For more information on this Free Zone company formation, visit the Dubai Internet City website. |
11. |
Free Zones offer competitively-priced energy and utilities. |
12. |
For media businesses, printers and publishers, music producers, marketing service providers, leisure and entertainment companies and other broadcasters, Dubai Media City is one of the most important Free Zones. This thriving community has no corporate or personal income tax, and there is no restriction on labour. |
13. |
International financial services providers planning Dubai Free Zone company formation opt for the Dubai International Financial Centre (DIFC). This is the only one of the Free Zones in Dubai to have a fully-fledged Stock Exchange. Organisations planning this type of Free Zone company incorporation operate in the investment banking, corporate banking, private banking, capital markets and asset management sectors. Profits are not taxed, the company can be 100% foreign-owned and there are no restrictions on the repatriation of capital. |
14. |
International entrepreneurs planning Free Zone company incorporation to trade gold, precious metals, energy and other commodities choose the Dubai Multi Commodities Centre (DMCC), another one of the Free Zones which offers 100% foreign ownership and no taxes. |
15. |
A range of licenses are available to investors planning Free Zone company incorporation, including trading, service and industrial licenses. |
16. |
Free Zone company incorporation is available via four main entities: i) branch of a foreign company (including offshore company ii) branch of a UAE company iii) Free Zone Establishment (FZE) and iv) Free Zone Company (FZCO). |
Disadvantages of Dubai Free Zone Company Incorporation
|
|
1. |
Free Zone company formation is expensive. |
2. |
Some Free Zones, such as JAFZ, are oversubscribed and have lengthy waiting lists for space. |
3. |
Following Free Zone company incorporation, an offshore company cannot carry out activities in the zone or in the UAE. |
4. |
Investors considering Free Zone company incorporation in JAFZ should be prepared for high paid-up capital requirements of up to US$272,000 for a Free Zone Establishment (FZE). |
Related information | |
A variety of other Dubai Free Zones have been established in the emirate, including Dubai Maritime City, Dubai Gold and Diamond Park, Dubai Aid City, Dubai Silicon Oasis, Dubai Flower Centre, Dubai Logistics City, Dubai Knowledge Village, Dubai Outsource Zone, Dubai Biotechnology and Research Park, Dubai Studio City, Dubai Healthcare City and Dubai Textile City. Please contact us for more information on these Free Zones.
| |
Contact Us | |
For more information on Dubai Free Zone company formation, please email email@healyconsultants.com or telephone us at (+65) 6735 0120. |
|
Back to Dubai Company Formation page. |
|