Free Zones- A Perfect Platform For Incorporating Business
Want to start business in Dubai? Free Zones are here to help you. The special economic zones set up to reap the benefits of tax free, customs duty free is ultimately aiming at improving investments form expatriates. Each free zone is governed by the rules and regulations applicable and managed by Free Zone authority. Mostly, the free zones offer licenses for businesses in the field of trading, industrial and service.
Rules Governing Free Zones In Dubai
Rules governing free zones are applicable for any organization and person working and operating within the zone. It is governed by Dubai World Central (DWC), under the Government of Dubai.
Some Important Rules
- If you want to start a business in any of the free zones in Dubai, it is mandatory to have a valid registration and license.
- The license should be renewed from time to time as per the law governing free zones.
- Moreover, the organizations registered to operate within the free zone is eligible to conduct the said business provided in the license agreement.
- Any organization functioning in the free zone is liable to conduct majority of the business operations within the free zone to maintain the license and registration.
- Administration fees must be payable from time to time as per the charges provided in the tariff and violation will result in penalties.
Countless Benefits For Your Business
You can fulfill all your business needs and enjoy special benefits by becoming part of the hi-tech community. Doing business in free zones implies that you have a basket full of benefits such as your business is exempted from income tax, corporate tax, export and import tax. It comes as? no surprise that free zones provide with the benefit of low cost of operations, world class business amenities, fast implementation, licensing, state of the art support services, IT infrastructure with three tier data center, stable regulation, access to consumer markets in the whole of Middle East, Indian subcontinent and North Africa.
Familiarize With Prominent Free Zones
Jebel Ali Free Zone (Jafza)
Jafza is a perfect place to kick start your business. It serves an ideal business location not just for large corporates but for startup ventures as well. The best part is that it lies right in the middle of Sheikh Zayed Road, between Dubai and the capital of UAE, Abu Dhabi. Your business can take advantage of the central location, close to Jebel Ali Port and Al Maktoum International Port. Jafza supports over 7300 leading regional and international companies.
Want to float your company in Dubai Internet City that serves Fortune 500 companies, multinationals and global names including Facebook and LinkedIn. Dubai Internet City provides sophisticated business service amenities, offices, well equipped IT infrastructure, 24X7 security, retail services, hotels and above all a robust environment that supports your business.
Dubai Media City
List of Free Zones in Dubai is endless. The global business hub enlivens the aspirations of every business owners and investors. If you are a media business owner planning to incorporate business in Middle East, Dubai Media City will never disappoint you. Dubai Media City is tax free zone in which media related companies can establish and conduct business by following the stipulations.
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