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where is dubai airport free zone ? comprehensive guide :))
The UAE has long been an attractive destination for entrepreneurs around the world. Despite low taxes, the strategic position at the heart of the world’s largest and fastest emerging markets and a government committed to fostering and supporting business، It is not hard to understand the reason for the popularity of the UAE for businessmen and entrepreneurs around the world.
But even though these may be factors that make the news headlines themselves، There is another main reason why so many tradesmen flock to the shores of the UAE for trade; Free Zone or the same free zone. But what is Frei Zoon ? Which Are the Emirates Free Zones؟ In this article, we paid along with these cases.
What is Free Zone or Free Zone ?
Frei Zon (also known as the Free Trade Zone, mainly refers to the economic areas in which goods and services are traded؛ Usually, with tax and customs rates, preferential.
They were initially launched to strengthen international trade in the region by providing benefits such as ownership of 10 percent of foreign companies. There are currently 45 Free Zone throughout the UAE.
Over recent years, UAE frigates have evolved to provide ever-increasing benefits to businesses within themselves. Many free zones deal with certain industries or types of businesses;
for example، DUBAI’S CITY OF HEALTHCARE PROVIDES SERVICES TO PEOPLE IN THE HEALTHCARE INDUSTRY, WHILE THE FREE ZONE ORGANIZATION JAFZA IS DIRECTLY LINKED TO THE REGION’S LARGEST PORT AND IS THEREFORE OF INTEREST TO THOSE IN THE BUSINESS imports and exports
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where is dubai airport free zone ?:dubai airport free zone
the Dubai Airport Free Zone (DAFZA) is ranked first in the world in the Journal of Foreign Direct Investment؛ Because it considers an outstanding strategic approach, such as unrestricted currency activity and hundred percent ownership, along with other rigorous programs for providing services to investors.
And located in : Al Quds St – Dubai Airport Free Zone – Dubai – United Arab Emirates
DAFZA FREE ZONE IS ONE OF THE MOST PRESTIGIOUS، The most innovative and advanced free zones of the world in the UAE are for Setup Dubai and have more than 1600 international companies from different parts of the world.
ENTHUSIASTS CAN APPLY FOR THE LAUNCH OF FZCO (THE TYPE OF FZCO COMPANY IS SIMILAR TO A LIMITED LIABILITY COMPANY) OR TO SET UP A BRANCH FOR SIMILAR BUSINESS ACTIVITIES AS THE PARENT COMPANY.
Applicants must obtain a trade permit to attend the area (including imports, exports, re-exports)، Distribute and store specific products or license services (for service-oriented businesses). Also, receiving an industrial license, a general commercial license is also necessary depending on your type of activity.
Why Start My Business in Dubai Free Zone ?
If you are looking to establish a company in the UAE, there are several reasons to choose a free zone.Easy to set up: The launch process in most free areas of Dubai is surprisingly simple and straightforward.
The exact processing time of the application depends on the type of business activity and your chosen free zone, but in most cases it is only sufficient to provide a few basic and simple documents such as copies of the passport and business documents give.
The entire process usually takes only a week or two. Most free zones also offer flexi-desktops and virtual packages that let you use the free zone address and facility if needed.
Taxes and Commitments: This is probably the most compelling reason to choose a free zone: the tax system. set up your business in the Dubai region or other parts of the free country, in addition to profiting from 0 percent corporate taxes and personal taxes، Be exempt from VAT – which is currently 5 percent –And that’s not the whole thing yet.
Free Zone businesses are exempt from import and export taxes and can trade without any currency restrictions. Of course, the UAE announced in late January 2022 that it plans to impose a new tax on business profits from June of the year 2023.
In this way, from this date, taxes will be calculated 9 percent. Revenue will be tax-exempt up to 350000, but the amount of ؛ And for certain multinational companies, global revenues of more than 50 million euros or 3.15 billion dirham & other conditions of tax rates will be different.
Rights and other personal income will be exempt from taxes. It has been found that corporate taxes will not apply to the rights and other job earnings of individuals (whether from the public or private sector).
Foreign ownership: Another great advantage of setting up a business in the free zone is the possibility of foreign ownership of the company. Often, foreign entrepreneurs who want to set up a business in the UAE’s main area must do business with an odour Native partner work. The flow in the UAE’s free zones is not like this start your business here and have ownership of 100 percent.
Transactions from within the UAE: Dubai Free Zone businesses and other emirates are not allowed to trade directly with the UAE’s native market, however this problem is easily solvable. One option is to work with a native distributor to bring your goods and services to the market.
Another way is to set up your own business in the Free Zone and later open branches of your Free Zone Company in the main areas of the UAE. These branches can be used to market your services and conduct business from within the main area.
Support and assistance: The offices of the UAE Free Zones are ready to assist you during and after the launch process. Freelance zones are often helped by shareholders and other dependents, such as a spouse or crew, when applying for a visa.
Many of them are also helpful in opening company bank accounts, recommending the most appropriate bank for your needs, and even organizing branch meetings.
In the context of continuous business support، Providing business advice and network services, as well as access to start-up centers and growth plans to help businesses thrive in free zones, is quite common.
Privacy Protection: In the end, free zones are especially popular among entrepreneurs who are sensitive to their privacy؛ Because there is no open list of ownership of the company, and company information such as shareholder details are never disclosed to the public.
Dubai Free Zone Companies Difference with Main Area
The difference between the free zone and the main area is largely related to the jurisdiction of each. Companies built on the main areas are licensed by the Economic Affairs Department of the respective Emirate.
In Abu Dhabi, for example, you must apply for a permit from the Abu Dhabi Department of Economic Development (ADDED). In Dubai, this request should be made with the Dubai Department of Economics and Tourism & Tourism
Companies based on logic offer much more flexibility to business owners about their leadership. You can work with other companies in the UAE, whether in the main area or in the free zone, as well as international companies.
However, the cost of establishing a company in the main area is greater than the cost required to set up the company in the free zone. Previously, the launch of businesses in the main area by immigrant entrepreneurs required their cooperation with a local partner.
But since the amendments to the UAE Commercial Companies Act, some major regional companies can have full foreign ownership. However, the 100 percent option of foreign ownership of an LLC (a limited liability company) depends on specific factors such as the economic activity of that company. Tom’s foreign ownership capabilities also do not include specific sectors such as oil and gas.
According to the official website of the UAE government, it is relatively easier to set up business in the free zone. To establish a company in these areas, only minimal administrative work is needed and less time is taken.
There are more than 40 free zones in the UAE, and the Ministry of Economy provides the following benefits to entrepreneurs who intend to start a business in the free zone، puts:
Foreign ownership 100 percent
Restore 100 percent profit and capital
Fast and convenient process of establishing business
Developed business associations
A MULTIPLICITY OF POWERS AT COMPETITIVE COSTS
exemption of 100 percent from paying taxes on the company and income tax
exemption of 100 percent from paying customs taxes
independent law and regulations
easy access to the local and global market
modern and complex infrastructure
The validity of open-zone visas in the UAE has been reduced from three years to two years
This new credit period came into effect from October of this year, when the new Emirates visa reforms were introduced.
Visas issued on the main land (mainland) are valid for up to two years, and visas for free zones (freezone) up to three years. The UAE government has now changed the validity of work visas in this direction.
A customer handling officer at the Federal Bureau of Identity, Citizenship, Customs and Ports Security (ICP) confirmed that “ based on new changes، This credit has been reduced from three years to two years.
A business affairs consultant said “visas pre-issued will maintain their three-year accreditation. The new visas will have two years of validity.”
The new law also includes visas that are under consideration.
According to a responsible official, the year visa fee has been returned to business partners.
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