In the last 20 years, Dubai has managed to establish more than 38 free zones all over the Emirate. In case you don’t know, free zones basically happen to be geographically distinct areas specifically meant for business purposes. These are established for the sole reason of attracting foreign investments. In order to make placements easier for foreign investors, the Government of Dubai has exempted companies established in free zones from taxes.
Apart from tax exemptions, there are a number of other benefits that an Ajman free zone company setup has to offer. However, there are certain steps that you need to take in order to make sure that your business setup in a free zone goes smoothly. Here is a basic guide that will surely help you out in this regard:
Choose which free zone you wish to set up your company in
There are more than 38 free zones in Dubai for you to choose from. It is necessary for you to come which one you wish to establish your business in. For example, if you run an automotive related business, then you should consider setting it up in Dubai Auto Zone. For textile related businesses, a company setup in Dubai Textile City is highly recommended. When choosing a free zone for your business setup, make sure that you pay due consideration to its legal requirements as well.
Apply for Visa and your business licence
Once you have decided which free zone you wish to establish your company in, it is time for you to apply for a business visa. The acquisition of the visa is extremely easy so there is nothing for you to worry about in this regard. Once your visa application is sorted out, it is time for you to apply for your business licence. You will need to submit your licence application to the free zone authority as well as the Dubai Economic Development department. Once you acquire your licence, you are in the position to get started with your business setup. Find yourself an office if you wish to establish a physical presence and your company is all set.
Look at here now for more information in this regard. Remember, there are countless benefits that a free zone company formation has to offer. As a wise businessman looking to expand and develop your business, this will perhaps be one of the best steps that you can take in this regard.