Why Is It Better To Get Your Business Registration Done Through a Free Zone?
As an entrepreneur, one of the pressing matters that you have to look into while establishing a company in the UAE is the location at which you will set up your business. There are two options:
- Free zone
Free zones are places in the UAE which have been designed for entrepreneurs who want to invest in the UAE but do not have the knowledge, resource or experience to move forward with their concept and start their business in the UAE. Free zones in the UAE offer entrepreneurs help with registering their business, visa paperwork, office set up and also provide banking assistance.
If you are new to the UAE market, it is best to set up your business in free zones due to the various advantages you can avail of. Some of the advantages are:
- 100% corporate tax exemption
- 100% ownership, no need of a local sponsor
- 100% repatriation of profits and capital
- 0% import and export duties
With all of these advantages, it only makes sense for you to do your business in a free zone situated in the UAE. It is quite simple to apply for your free zone visa. The initial step to applying for your UAE free zone visa is enlisting for E-Channel services. It was planned by the UAE government to streamline the visa procedure. The new online framework brings no space for paperwork and makes applications a lot quicker and more straightforward than any time in recent memory.
Another good reason for you to choose the free zone over the mainland is the visa procedure. The validity of your visa is for three years when you have your business registered in a free zone while, if your business is in the mainland then your visa is valid only for a period of two years. Your employees will also be given visas with the same validity period.
While applying for your visa there is a whole team of people who will help you out with the visa procedure which makes paperwork much easier for you. Considering that you will have a lot of other things to sort out this team will be of great help to you.
If your visa is taken through a free zone, there are certain rules for export and import that will not be applied to you since you have a free zone visa. The rules you will have for the export and import policies will be much more liberal and easy.
If you are a freelancer or a small business owner who does not have the capital to invest in an office there are different co-working spaces that you will have access to. This will be perfect for your everyday work, meetings and in some free zones, they will even provide warehouses.
If you are into a business that requires a lot of travel, good to be exported ad imported it is best to work in the DAFZA free zone. Strategically located right next to the Dubai International airport it’s making commuting very easy. They boast of processing paperwork the fastest and have a proven track record of being one of the fastest-growing free zones in the UAE.
Sumbul Sheikh is a content strategist from Orlando, Florida who is currently associated with Florida SEO Agency