Sharjah Freezone company formation, RAK Freezone

Business setup in Dubai Freezone

There are various important factors for choosing a Freezone

1. No corporate tax for 50 years, after which you can renew your contract for an additional 50 years.
2. Reasonable renewal fees for company formation
3. Business confidentiality is strictly maintained
4. You are allowed to choose multiple banks and have multiple currency accounts
5. Value Added Tax (VAT) does not apply if you are not dealing with mainland
6. You are allowed to apply for a resident visa
7. You can wind up business at your ease
8. Your business can have 100% foreign ownership (no local partner or sponsor required)
9. Many Free Zones allow you to operate multiple activities under one business
10. It’s much easier to run recruitment procedures, issue work permits, and obtain any necessary visas

Because our mode of operation here at Goldman Consultancy completely revolves around transferring our knowledge and keeping our clients up to date with the latest business trends, updates, and news, we always strive to keep our clients informed about each and every decision they make, no matter big or small. Often, a lot of clients come to Goldman Consultancy with a set of questions: How do I set up my free-zone business in Dubai? Where should I set up my free-zone business in Dubai? And what are the pros and cons of the different choices that I have revolving around free-zone businesses in Dubai?

In most cases, it can be very simple and straightforward to make a decision, even if you have hundreds of more questions. There are lots of things to discover, but with our expert team at Goldman Consultancy, it will be a smooth process.

Freezone company Dubai

The word “freezone” itself is very expressive of the nature of working in such an area. A Freezone is designated area where businesses can perform their activities freely within a minimalist regulatory framework where the progress of such businesses is not slowed down due to the fact that they don’t have to spend any time worrying about taxes, ownership issues, and import/export issue related with customs department. All of these procedures and fees that regular businesses struggle with are usually a cause for slowing down businesses and driving up the prices of the products. It can often be discouraging, especially if you are starting a new business we just follow the 8 simple step by step process to setup business in UAE. This is why free zone is important. If you want to be able to run your business with no interference from the customs department for goods manufacturing, structuring, re configuring, or if you want to export goods without bounding of paying duties, then operating in the freezone makes a lot of sense for you.

Benefits of Starting a Business in UAE Freezones:

Freezone is a term that is used interchangeably with “Free Trade Zone” and they refer to the same entity. Free zone or Free Trade Zone is an area which is made specifically for the fulfillment of the goal of encouraging the start of new, fresh businesses as well as encouragement of investors to pour their capitals into these promising companies. It does that efficiently and smoothly by providing a 100% ownership to emigrants or foreign nationals who start their businesses in this particular Free-zone, all while equipping them with a single window for their process and activities and a fixed, straightforward set of hassle-free administration procedures. In some circumstances, these freezone can be associated with ports or industry. In a free zone, there is also no ownership of business or participation in business activities by agents or local partners. Each Freezone is governed by its own internal regulatory framework which is responsible for setting customs and import rules. This is important because it provides flexibility to have suitable rules for each free zone area depending on things like its location, the kinds of industries it is involved with, and its size.

Once you open your business in Dubai, whether you are in a freezone or not, you still have certain advantages related to this particular location, since Dubai and UAE are homes to a very welcoming atmosphere for new businesses and fresh innovative ideas. The free zone is only one of the many plus sides you get when you start your business here as it gives your business opportunity to grow and showers it in benefits. For us here at Goldman Consultancy, the business formation procedures have a lot of significance in Dubai and UAE, as they have always been two of the most loved locations to open a business, and the registration process guarantees that you get to enjoy their many benefits.

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