The Dubai Free Zone Authority (DFZA) has announced that the number of businesses registered in Dubai free zones has increased by 20 percent in the first six months of 2018. This is a clear indication that more and more businesses are recognising the benefits of setting up in a Dubai free zone. Here are some of the reasons why business setup in Dubai free zone is on the rise.
You Can Set Up In Record Time
If you want to start a business in Dubai, then the Dubai free zones are your best option for doing so. This is because there is no requirement for prior approval or permission required to register a company inside one of these zones. Upon signing the lease and paying the fee for getting the company set up, you will be able to start your new business. All of this can be done in less than one week’s time, which is an extremely quick turnaround compared to many other options available.
There are no Restrictions
Business setup in Dubai freezone offer absolute flexibility when it comes to the registration requirements. You are not required to have a local partner, and there are no restrictions on the type of business that you can start. This gives businesses a lot of freedom to grow and expand as they see fit.
You get 100 Percent Ownership
Another major benefit of setting up in a Dubai free zone. Is that you get 100 percent ownership of your company. The Dubai freezones are not the same as other areas in Dubai, so there are no pre-set limitations on how much you must invest. Additionally, there are no restrictions on the nationality of directors or shareholders, so foreign investors can benefit equally from this flexible system of registration.
You have Access to special zones
If you want to start a business in Dubai, there are a number of different zones that offer their own unique benefits. In 2015, the Sheikh Mohammed Centre for Cultural Understanding (SMCCU) published a list of all of the special economic zones available in Dubai. These include industrial parks, free industrial zones and shared service centres, among others.
They Are World class
The same 2015 report by the SMCCU also revealed that Dubai has over 7,000 companies operating out of its free zones. This includes international names such as Airbus, Volkswagen and HP. The two biggest free zones in Dubai are Jebel Ali Free Zone (Jafza) and Dubai Silicon Oasis; these special economic zones have a combined total of 180,000 companies between them. These special economic zones are located in key areas around the city, which gives businesses easy access to each other and to their customers.
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They offer world Class infrastructure.
When it comes to business setup in Dubai free zone, the first thing that most people want is quick access to infrastructure. This is something that Dubai free zones are able to provide in abundance. The latest figures from the DFZA show that there are now over 2,000 companies providing services within the free zone area. These include a wide range of different service providers, such as telecommunications, shipping and logistics, banking and insurance.
You can Benefit from the Dubai 2020 strategy.
The Dubai 2020 strategy is a comprehensive plan that was put in place by the government to make Dubai the best city in the world to do business. The free zones are an important part of this strategy, as they provide businesses with a number of advantages and benefits. These include 100 percent foreign ownership, 100 percent repatriation of profits, no corporate or income tax, and a wide range of infrastructure and support services.
They are the Perfect Place to start a business.
Overall, Dubai’s free zones are an excellent place to start a business. They offer a wide range of advantages, including quick set-up times. No restrictions on the type of business you can start. And world-class infrastructure. Additionally. They are part of the Dubai 2020 strategy, which makes them an integral part of the government’s plan to make Dubai the best city in the world to do business. If you are looking for a place to start your business, then Dubai’s free zones should be at the top of your list.