The United Arab Emirates has seven different emirates that are Abu Dhabi, Ajman, Dubai, Ras al-Khaimah, Umm al-Quwain, Sharjah, and Fujairah. Each of them offers their free zones for international and local people to setup their business. One of the seven emirates of the United Arab Emirates, Dubai has always been very warm in welcoming foreign investors or the citizens of Dubai who are looking for company formation in UAE. Dubai has changed a lot since the time it was known only for the oil business. No one would ever have thought of starting a business in Dubai. But now it is considered the best amongst the UAE free zones for company formation process.
Company formation in UAE has mainly two procedures. Either to set-up a business in Free Zone or the other one is outside the free zone. The difference between both the two is that inside the free trade zones you are allowed 100% ownership whereas, outside the free trade zones you have to look for a local partner or a local company which agrees to the agreement of partnership. You will be having 49% ownership and the local partner will be a 51% stakeholder.
Out of all the emirates providing free trade zones, Dubai has emerged as the best due to the following reasons.
- Dubai World Expo 2020
Dubai has become a landmark for small and big companies from all over the world for their business setup. This huge exhibition will require the support of the companies and establishments that operate under free zones. The Expo 2020 will be gaining a lot of business avenues which states a great opportunity for all the ones thinking for start up.
Registering your company in a free zone will provide you with numerous benefits. As Dubai is at the prime location of UAE in the middle east region. Dubai free zone is conveniently connected to all the three means of transports. The airways, roadway and the waterway which makes this place hold the strong position in the market.
- Less Restrictions
Dubai free zones offer the very liberal rules and regulations depending on the type of business and the nationality of the person who is going to invest. The government there have less bureaucracy and no taxation environment for the local and foreign people to encourage them to invest.
You can contact Adam Global for enquiring about all the free zones in UAE and their procedures to let you decide the best. Take the advantage of their experience and expertise advice as they are a reputed and reliable advisory firm in Dubai.