Business Description
Useful Information about UAE Free Zones
UAE is a preferred destination for a large number of businesses that benefit from the friendly investor climate and the tax free regime. The ease of doing business and the availability of resources as a result of the agglomeration of various business entities makes this a favourable location. The establishment of UAE Free Zones has helped the Emirates to attract global business entities to establish presence and leverage the benefits. There are formalities and regulations that need to be fulfilled by businesses seeking to set up office in the UAE. Here is useful information that will help businesses learn more about the free zones in Dubai.
Establishing companies in UAE Free Zones
Every business that intends to establish a company should be aware of the following:
The need for selection of a local sponsor if business is to be setup anywhere in UAE – For the purpose of establishing a locally registered LLC it is necessary to have a UAE national as a partner with 51% control. The local sponsor will have to be paid remuneration and having a local sponsor on board will give a business the freedom to have business interests at any location.
Picking the most suitable free zone – A business that intends to exercise full control over ownership, in addition to enjoying tax breaks, should look at establishing one in UAE Free Zones. A business needs to pick the most suitable free zone that is aligned with the nature of business activity and geographical location for establishing presence.
Choosing the ideal location – The location is of paramount importance. There are considerations that need to be factored in – such as the proximity to ports, the access to other resources and the targeted markets. The location should also offer the ideal atmosphere for conducting business. This would include the terms of the tenancy contract, other infrastructural requirements such as communication facilities, office space, and storage requirements.
Working out Visa eligibility – Businesses cannot expect to do well without the right kind of human assets. A business that intends to set up presence in a Free Zone needs to hire the right kind of resources and this will necessitate processing of visas. The number of visas are determined by various factors, including the size of the office, and actual business activities. The standing of the investor or employer will also be taken into account by the authorities while processing visas to prevent human trafficking.
Arab Business Consultant – Company Formation in UAE Free Zones
We, at Arab Business Consultant have emerged as one of the most trusted and reliable agencies for businesses intending to establish offices in Dubai. Our handholding commences from the project inception stage right through to completion and beyond, as we continue to help businesses flourish. Our expertise in handling the bureaucratic requirements and in fulfilling all the mandatory obligations of Free Zone authorities has made us a preferred choice for businesses. Our team of experts assist businesses to meet all requirements, legally, helping foresee issues, permitting businesses to have appropriate plans in place.
