Foreign investors have a large variety of companies to choose from when starting a business in Dubai. From onshore companies which require a local partner to offshore companies, Dubai offers plenty of choices. However, there is one more type of companies which provide full foreign ownership and flexibility to foreign investors: free zone companies in Dubai.
Our company formation representatives can help those seeking to do business here to open free zone companies in Dubai.
Dubai has one of the greatest numbers of free zones among all emirates in the UAE. Because it is so easy to set up a company both in the Emirate, as in one of its free zones, foreign investors usually prefer to open free zones companies in Dubai, as these offer 100% foreign ownership. The tax advantages are also among the reasons one would set up a free zone company in Dubai.
The following steps must be completed when setting up free zone companies in Dubai:
It must be noted that each free zone has its own authority imposing the regulations related to opening free zone companies in Dubai, therefore additional requirements may apply.
Apart from being allowed to open Dubai free zone companies without involving a local partner, these types of companies will also benefit from exemptions from the corporate tax for up to 50 years. Also, considering each Dubai free zone provides for specific activities, foreign investors can choose to open free zone companies in the trade zone falling within their business purposes. Also, the shareholders are not required to be present during the company registration procedure when opening free zone companies in Dubai, as a power of attorney granted to their representative will be sufficient.
For complete information about the advantages of free zones companies in Dubai or for assistance in opening one, please contact our local company registration agents.