Dubai dreams to be big and huge day and day and gradually they are transforming its dream into a reality!! Business in the domain of Dubai is going to be hard nut to crack for beginners indeed. But it is essential to keep in mind the necessities and pre requisites that are required to move ahead and sustain in the path of growth and success. Dubai is indeed an enormous place to explore for business entrepreneurs; it becomes imperative to make a comprehensive study of the elements that would be necessitated to start up with a business venture.
Let us have a look at the free zone benefits of Dubai and the costs on the same as per the current trends of the business and its allied services. The attributes are implemented by the government bureaucracy and the stringent measures are decided accordingly for a qualified business to stand successfully in the business. If you are thinking to set up a new business in the extensive city, then it is necessary to get equipped with the facts and terminology in a legal environment so that the flow of the business is not disturbed. However, it is imperative to know that each particular free zone in Dubai has its own specific start up process and costs applicable to the same. So, it is recommended to have an unambiguous idea of the Dubai free zone cost for company set up and then start-up with the business venture from a promising note.
Dubai Business types
There are basically two categories of business that can be set up in the prominent Dubai Free zones that have been enlisted as below: –
Free Zone Company
These distinctive business types are the ones that are entirely owned by the individual who begins to set it up. There is no as such requirement of any business agent or any sponsor to act as the component of liaison to bring about the management of the venture. Hence, we can say that there are no as such restrictions that could tie down a person.
Benefits of Free zone business set up
- 100% ownership to the individual who set ups the business
- An opening of bank account is accessible in the landmark of Dubai
- 100% maintenance of secrecy is assured
- There is 0% applicability of tax.
- Accessibility to liquidate the same at any point of time.
- One has the liberty to hold several properties
- Multiple activities can be stimulated
This specific type of business is operated outside the boundaries of the city and the company regulates its business effectively exceeding the ambit of the place. For instance, a specific business enterprise opens a synonymous company in UAE.
Benefits of Offshore Company
This aspect has been set up to specifically tailor to the business needs and requirements of the company who have a necessity for a regional tax relief invoicing facility. The offshore regulations are put to issue as per the accordance with the new industry standards and the company needs to maintain the financial records and make an issue of a specific report on an annual basis that should be audited by a regulated and authorized professional company along with the prominent approval of the free zone.