What are free zones?
Free zones are the places specially designed to start businesses. These have specifically been established in Dubai by the authorities to expand investments and make it even more appealing for foreign investors to bring their businesses to Dubai. These provide 100% ownership to business owners, which is a major benefit as compared to a business that is established in the mainland. So they have made it easier to establish their businesses.
Advantages of establishing business in free zones:
Opportunities for business owners:
Free zones provide multiple opportunities to investors and they can start their own businesses according to their choice. In simple words, we can say that Dubai is providing businesses place to business men to start their own business in Dubai, it gives benefit to both Dubai and owners of businesses.
Get a chance to expand your business in Dubai:
It provides stability to the economy of Dubai and business owners also get chance to expand their businesses.
Freedom from taxes and documentation:
They can get freedom of doing business there, freedom from heavy taxes. So by putting some extra effort you can take advantage of your entrepreneurship skills.
Free zone sites in DUBAI:
There are different free zone sites in dubai which are providing opportunity for business owners to establish their businesses. You can choose any of these site according to your business.
The major sites are given here.
- Dubai airport free zone
- Dubai International Academic City
- Dubai Auto Zone
- Dubai Media City
- Dubai Knowledge Village
- Dubai Silicon Oasis
- Dubai Gold and Diamond Park
- Dubai World Central
- Dubai Healthcare City
Registering a company in a Dubai free zone:
Registering company in the free zone is simple procedure and it provides less documentation procedure so they have made it easier to start their business in Dubai. You should meet the following requirements while starting your company in Dubai:
- Reserve the company name
- Rent office premises
- Corporate bank account and bank statement confirmation in that account
- Allocate budget
- Get license for your business
As you have seen that there are minimum requirements for starting your company there. So you must have to put some extra effort for your establishment and you must have entrepreneurial skills to make your business successful. Always choose wisely your destination before taking any step.