Looking for Company Formation in Free Zone in Dubai?

Free zone firms are onshore companies that meet all of the requirements to trade or engage in business globally as well as within the UAE, subject to customs rules governing the transportation of products. An investor who opts for company formation in free zone in Dubai receives a three-year investor residence visa and is permitted to hire staff based on the visa quota, this quota is customizable.

Each of the UAE’s free trade zones is overseen by its own governing authority. Though these licensing authorities are normally subject to UAE law and regulations, they are independent and have their own set of rules. They grant the trade license, supply the necessary infrastructure, grant staff visa applications, and establish rules for the proper operation of businesses.

Furthermore, those who go for company formation in free zone in Dubai also benefit terms of tax savings. In the UAE, there is no personal income tax, and only a 9% corporate tax will be paid beginning in June 2023 for firms that satisfy specified conditions. In the UAE, there are a few designated free zones where the 5% VAT is waived for specific transactions. As a result, altogether, UAE free zones are an ideal tax haven for international investors, with lower tax rates than in their native country.

The UAE’s free zones provide investors and company owners with several incentives for deciding to go ahead with company formation in free zone in Dubai. The UAE Free Zones provide numerous company licenses to investors based on their intended business activity. Finding an appropriate free zone for commercial activity depending on budget and time frame is a problem for every investment. This is where MIA Consulting can help you choose the best free zone in Dubai for your company.

Free zones in the UAE provide investors with a variety of low-cost business license packages to let them go ahead with company formation in free zone in Dubai. In the UAE, there are various free zones that provide a low-cost business license package starting from as low as AED 8,050. There are other such competitive offerings from the UAE’s 45+ Free Zones. The cost of company formation in free zone depends on a wide range of elements, including the kind of business license, the nature of the business activity, pre-approvals, office space, particular location, budget, and more.

The company formation in free zone in Dubai can be done with or without an office in the Free Zone. To simplify imports and exports, the firm must be registered with the Chamber of Commerce and get an Import Export code. A tax residency certificate from the UAE can be obtained after one year of the company’s formation. Investors can save taxes in their home country by taking advantage of the DTAA agreement. Furthermore, a free zone corporate bank account can be opened in any bank in the UAE. In conclusion, establishing a UAE free zone company is the most viable way to expand your business in the Gulf.