BLS Free Zone Company Formation Services will guide you how to set up a business in one of Dubai's free zones. All of these obligations of business setup in Dubai free zone are handled by us. We can provide an extensively seasoned insight on how company registration works inside these regulated zones that are specifically designed for businesses like yours who are eager to prosper.
BLS assists in free zone business formation Dubai to increase profits by simplifying complicated procedures till we identify what sort of legal entity structure best suits all parties involved - enabling them to pay less tax legally while operating their businesses effectively!
Company Formation in Dubai Zones of Liberty
Free zones in the UAE are an excellent option to establish a business since they offer reduced taxes and less limitations on employment and imports. It's also advantageous if you want to gain access to brand-new marketplaces without having to adhere to the laws of the mainland! There are now roughly 30 free trade zones in Dubai, with more planned, which means less bother when starting a business here as well, and thus makes establishing a business in a Dubai free zone advantageous because:
Dubai's atmosphere is favorable.
Dubai is positioned equidistant between east and west, connecting trade from both sides of the globe. The availability of seaports and airports facilitates transportation for Dubai free zone company formation and allow for swift planning! Many eco-friendly locations provide a biodiverse environment while also being ecologically progressive in their economy - what more could you want?
Dubai has one of the lowest value taxes in the world, at 5%.
Dubai has one of the lowest value-added taxes in the world, at 5%, making it an excellent location for establishing a business. The policies on importation and exportation are simple.
Import and export policies are straightforward.
Customs taxes are waived for goods imported into Dubai free zones. Furthermore, re-exports from Dubai free zones to third-market destinations outside the GCC Customs Zones are duty-free.
Capital and money are 100% repatriable.
Companies in Dubai do not pay any direct corporate taxes. This allows for the complete repatriation of cash. Many of the free zones have the same conditions for establishing a business. If you intend to incorporate your company in any free zone, the circumstances are the same.
The company is fully owned.
You have complete ownership of your firm in Dubai's free zones. In contrast to other types of company settings, a single individual can also establish a firm in Dubai free zones.
There are no limits on currencies.
Because there are no currency restrictions, transferring funds is simple in Dubai free zones. How to Set Up a Company in Dubai, UAE Free Zones
Different types of license categories in UAE:
Dubai grants five different categories of licenses. The sort of license to be issued is based on the type of company to be established. The five categories of licenses are as follows:
Professional License: This form of license is granted to service providers. Handicraftsman, for example.
Commercial License: This sort of license is granted to businesses that will engage in trading.
Industrial License: This sort of license is given to organizations who work in the manufacturing or industrial sectors.
Get a residency visa for the UAE:
For your business, you will be given an investor residency visa for business setup in UAE free zones. This allows for a stay of two years in the UAE, after which it must be renewed together with other paperwork like a partnership agreement or LSA, which must be submitted to the immigration officials upon arrival at Dubai International Airport (DXB).
Open a Business Bank Account:
Opening a Free zone company bank account is required if you want to continue operating in the country for business setup in UAE free zones, but it is not sufficient on its own. You'll also need certificates of incorporation and memorandum for each free zone where your company has been founded, as well as residency visas or other documentation depending on whether they're building an offshore or domestic branch.