It’s a dream for everyone to start his own firm or company. But this dream cannot be fulfilled before hard work and hard-earned money. If you are looking to start your company anywhere and are looking for a perfect place to invest your capital, be sure to search for the new emerging giant for commerce and trade friendly country of UAE.
Dubai is the ideal city for you to start your business endeavor. Vast opportunities for investors, customer friendly city and easy conditions of starting a company are the main qualities that attract foreign investors to this beautiful city surrounded with golden sands.
Success guaranteed:-
Either you want to start an onshore company or an offshore company in the 45 free zones of this country, your success is guaranteed. It’s a win situation for you either ways. To start a free zone business setup in Dubai all you need to have is some capital and a vision to run a company.
100% proprietorship:-
You don’t need to find a local partner to open a free zone company who holds 51% of the shares, as is the case in onshore company. It’s your money and you deserve it. A free zone company allows you to be the sole owner of your company.
Other advantages of opening a company in the free zone of UAE are
Transfer of funds:-
When running an offshore company in any of the free zones of UAE the transfer of funds are absolutely 100% with no deduction of any kind.
Exemption on duties:-
There are no import export fees of any kind in the said domain. You can import and export anything in any quantity with complete exemption of import and export duties.
Quick formation:-
Forming and registering a company in the free zone is quicker as compared to the onshore companies opened in UAE. More and more facilities are given to people who are looking to start offshore projects.
100% Repatriation of capitals:-
If you are a foreigner running a free zone company in UAE, after a while you have decided of rolling back to your country. The rules allow you 100% repatriation of capitals income tax and profits at the end. You are under no obligation to pay anything to the authorities at all.
Easy Human resource recruitment:-
The recruitment process of human resource for free zone companies is easy as compared to onshore companies. The onshore companies have to register their workers with social security authority. Not necessary for offshore companies. You can have inexpensive workforce for the free zone company.
Dealing with the local market:-
A free zone company can now conduct its business with the local market or the mainland. Activities or sales of anything in the local market outside the free zone can be done now but for this custom duty is applied. This conducting of business in mainland requires the services of a UAE official agent or a local distributor. A total of 5% custom duty is imposed on the operations carried out.
To start a business setup in Dubai you can also consult a good corporate service provider which may help you in these formalities.