Doing business setup in Dubai can be a great opportunity for your company. With its booming economy and strategic location, Dubai offers many advantages to businesses looking to set up shop in the region. In this guide, we will walk you through the process of setting up a business in a free zone in Dubai. We will cover everything from choosing the right free zone to getting your license and setting up your bank account. Many people are excited to hear about the Free Zones.
People who are looking to set up their business will not have to worry about different types of regulations to start their business. There are several different Free Zones to choose from, so businesses can find the perfect fit for their needs. There are a few reasons why company formation in Dubai’s free zones is so popular. . It does not require going through the often lengthy and bureaucratic process of setting up a company in the mainland. Additionally, companies registered in free zones enjoy 100% foreign ownership, which is not possible in most other parts of the UAE.They will have full control over their business operations. Finally, many of Dubai’s free zones offer attractive tax rates and generous exemptions from corporate taxes, making them an extremely cost-effective option for doing business in this dynamic city.The following are most prominent Free Zones exist in Dubai:
Dubai Media City (DMC):
DMC is a world-class free zone offering a unique mix of media, technology and entertainment companies an opportunity to benefit from 100% foreign ownership with no local partner involvement; zero import duties on production equipment, broadcast facilities & satellite dishes.