Why Should I Set Up Company in Dubai Free Zone?

by Lucy Hale Business consultant

United Arab Emirates is among the fastest develop counties in the world as they are focusing on having smart building infrastructure based on latest technology. Dubai is one of the busiest cities of UAE as it has several tourist attractions which mainly include manmade islands and the tallest building in the world. Another crucial aspect of UAE economical stability is the foreign businessmen. There are numerous foreign investors who have invested in major projects, especially after winning Expo2020 there are numerous business opportunities.

An interesting fact about Dubai is that there are more foreigners than the natives and the major reason behind this is the lifestyle offered by Dubai. Many foreigners are living here in Dubai from a long time as they are successfully running their own business or doing jobs. To set up business in Dubai is quite easy, but one must understand the commercial laws and selection of legal business form is really important. In UAE businessman has to choose between LLC and Free zone company formation. LLC is Limited Liability Company and it requires local business partner who owns 51% shares of the company as compare to that Free Zone company formation offers 100% business ownership and there are several benefits of setting up company in Dubai Free Zone.

Dubai Free zone is a tax free zone and it offers relaxation in terms of company ownership and several other legal procedures. There are numerous Free Zone areas defined by Dubai government which includes Jebel Ali Free Zone, JLT, Dubai Media City, International Media Production Zone, Dubai Multi Commodities Centre (DMCC) and more. Most of the businessmen who are interested in import export business prefer to set up company in Jebel Ali Free Zone in order to have easy access to the Dubai Port. All the Free Zones in Dubai are developed on the basis of latest technologies and offer complete facilities that are required for offices. To set up company in Dubai Free Zone, it is highly suggested that one should hire business consultant or acquire PRO Services as to perform documentation and to carry out several legal procedures it is essential to have a proper guide. Most foreigners who are interested in setting up new company hire reliable business consultants who help in terms of performing company registration process, visa services and notary services. If you are looking forward to open a company in Dubai, choose wisely.