Advantages of Setting up A Company in Dubai Free zone

 

                                               Advantages of Setting up A Company in Dubai Free zone                       

Over the last few years, Free zones have come out as the most effective business model to improve the economic development of any country.

 

What are the free zones in Dubai?

Free Zones are selected areas where the companies get exempt from VAT, Customs, Commercial, Income, and all other kinds of taxes to operate a business in Dubai.

Free zones offer exemption from all kinds of taxation and have their own set of rules and regulations to setup a company. 

 

What’s the main aim of Free Zones in Dubai?  

The main aim of free zones is to endorse foreign investment and encourage economic movement in the town. This model is designed to catch the attention of foreign investors and improve the domestic industrial sector in the city that directly create jobs for local and boost the economy.

What free zones offer in Dubai?

Free zones assist companies and trade grew rapidly. Ease of conducting business in a region means more trading opportunities for foreigners and locals, which is a good thing.

Free Zones permitted commodities to be manufactured, imported, or exported within the zones without any complicated process and tariffs.

Free Zones allow big companies to relocate their whole manufacturing at any of these zones and assure significant savings on the transportation and export of commodities to other states. Similarly, a firm could shift their manufacturing unit to another state and import the major commodities to these zones without paying any charges or tax. Also, free zones are located nearby to the airport or sea that supports the free flow of commodities to any place. 

Some of the most popular free zones in Dubai are:

·         Jebel Ali Free Zone

·         Dubai Cars and Automotive Zone

·         DCCA (Media City, Studio City, Design District, Knowledge Park, International Academic City, Outsource City, Production City, Science Park)

·         Dubai World Trade Centre

·         Meydan Free Zone

·         Dubai Multi Commodities Centre

·         Dubai Airport Free Zone

·         International Humanitarian City

·         Dubai Healthcare City

·         Dubai Silicon Oasis

·         Dubai International Financial Centre

What is the Advantage of Setting Up Company in Dubai Free zone?

There are numerous advantages of setting up a company in Dubai Free Zone such as:

·         Investors get 100% company ownership without the help of a local sponsor.

·         Investors get an exemption from various custom duties, private and public taxes, and assets gain taxes.

·         Investors get complete repatriation of investment and profit from the company

·         Investors pay least Import and Export duty

·         Investors evade corporate tax

·         Investors could move currency from one country to another without any restrictions.

·         Investors get sole window clearance facilities for government services

·         Investors quickly receive licensing from DED (Department of Economic Development Dubai) to set-up a new firm.

·         Investors get transparent rules and regulations for company setup.

·         Investors get highly advanced infrastructure with a well-organized communication system.

·         Investors get low start-up and functioning cost

·         Investors could recruit employees freely with liberal labor laws

·         Investors get entrée to a group of trained professionals

·         Investors get pre-developed arrangements such as offices, industrial units, warehouses, etc.

·         Investors get fast and efficient business support 24/7.

·         Investors get the facility to operate the company 24/7.

·         Investors get quick sponsorship, on-site accommodation and work support

·         Investors get new information and technology infrastructure with fully functional data center

·         Investors get easier connectivity to rail, road, sea, and air transport.

·         Investors get private meeting rooms to hire.  

·         Investors get a free working environment and an organized customer market across the region.

·         Investors get an opportunity to attend free standard training and networking events organized in free zones.

What are the steps to set up a company in Dubai Free zone?

By following just five easy steps, you can setup a company in Dubai free zone:

1.       Choose the activities of the company according to the DED list.

2.       Choose your business name according to the DED rules and complete the registration process.

3.       Prepare required paperwork, documents, and submit your request to the authorized body.

4.       Get License approval and open a corporate bank account to start trading.

5.       Finally follow the immigration and visa proceeding process with relevant administrative departments.

And that’s all you need to setup a company in Dubai Free Zone. However, it’s good to hire a business consultant at this phase that can make sure everything is in place before submitting your business application and avoiding redundant delays.  

That’s where the PMC Solutions DMCC professionals come in:

PMC Solutions DMCC team helps your company formation across all free zones in Dubai, UAE. The team reviews your business activity and chooses the right free zone that best suits your specific requirements.  PMC follows step by step process starting from choosing a location, determining the budget, and types of business operation, office or Flexi-desk choices, assessments, bookkeeping, and share assets needs, etc. that completely makes the whole business setting experience a hassle-free one.

For Free Consultation contact PMC Solutions DMCC +9714 275 6718 What’s app +971 588 631 656 or email – setup@pmcsolutions.me

 

www.pmcsolutions.me

Sharjah Media City Free zone Business Setup Discount Offer

Sharjah Media City offers digitized and low-cost solutions for those who wish to build a business in the UAE.

It allows for production, re-production, transformation and distribution of services. Service license includes rendering services as a primary objective and utilizing goods to provide them.

Key sectors:

The free zone focuses on media, but they do have a broad range of business activities in various other sectors.

Licence and cost

Starting from Dh11,500

Types of Licenses

§  Service License

§  Trading License

§  Industrial License

OFFER

§  Up to 35% discount on multi-year packages;

§  20% off on license fees for one-visa package;

§  e-channel deposit waiver;

§  20% off on Shams fee for concierge services, such as bank account opening, post office box, and dependent visa services.

Why Shams?

§  Company setup options starting from AED 11,500

§  Wide range of business activities available on the same business license

§  All company documents issued within days

§  100% foreign ownership permitted

§  Shareholders are not required to be physically present in the UAE to incorporate a new company

§  Companies will have limited liability

§  Ability to appoint Corporate Directors and Corporate Managers for your company

§  100% repatriation of capital and profits

§  0% corporate or personal income tax

§  Quick and simple online registration process

§  Deposits are not required by Shams

§  Allocation of up to 6 visas on a shared desk facility

§  Located 5 minutes from Sharjah International Airport and 15 minutes from Dubai International Airport

Speak to a member of our team for more information about setting up a business in Sharjah Media City Free Zone.

For more details contact +9714 275 6718 Whats app +971 588 631 656 or email setup@pmcsolutions.me

Best free zones in the UAE to launch your business at low-cost

Sharjah Media City (Shams)
This offers digitized and low-cost solutions for those who wish to build a business in the UAE.
Key sectors:
The free zone focuses on media, but they do have a broad range of business activities in various other sectors.
Licence and cost:
Starting from Dh11,500
Offers:
Up to 35% discount on multi-year packages; 20% off on license fees for one-visa package; e-channel deposit waiver; 20% off on Shams fee for concierge services, such as bank account opening, post office box, and dependent visa services.

Ras Al Khaimah Economic Zone (RAKEZ)
RAKEZ is a strategically positioned powerhouse and manufacturing hub in Ras Al Khaimah, linking foreign investors to developing markets in the Middle East, Africa, Europe, and Asia. The free zone provides streamlined procedures, one-stop shops, specialist customer representatives, 24/7 online self-service client platform
Key sectors:
Of the fifty sectors currently supported by RAKEZ, most are in the industrial and utility industries. General trading comes in third. The media sector is also growing along with industrial, e-commerce, educational, and professional industries.
Licenses:
Commercial, Educational, E-Commerce, General Trading, Individual / Professional, Industrial, Media, Service and Freelance license
Offer/packages:
All packages offer comprehensive online registration service. Office Spring Package from Dh8,240; Storage Warehouse Spring Package starting from Dh150/m2; Industrial Warehouse Spring Package starting from Dh195/m2

Ajman Free Zone (AFZ)
Located near Ajman Port and a half-hour drive from Dubai and Sharjah airports, AFZ offers a range of cost-effective licenses and tailored value-added business packages for businessmen and entrepreneurs. This has a clear three-step business set-up mechanism through a digitized portal and a special business-to-business interface, linking AFZ, allowing global purchasing, selling and networking via a robust company directory. The free zone also provides workspaces that fit a range of purposes.
Key sectors:
Health, education, banking, F&B, development and more spread across a range of sectors.
Licence and cost :
Starting from Dh5,000, you can set up your company as an entrepreneur, which includes license and access to a co-working space.
 Special offer:
For two years, the free zone gives 10% discount, for three years 15% discount. Pioneers package starts at Dh1,250 and Freelancer package starts at Dh6,000

 International Free Zone Authority (IFZA)
Offering a variety of flexible company set-up options, IFZA — a free zone located in Fujairah — provides more than 1,000 enterprise, operation, and consulting activities. IFZA's network of skilled partners around the globe shares the authorities' goal of improving the UAE mark as a top business and investment destination. Building its reputation as the fastest-free growing zone in the world, IFZA monitors, promotes and integrates trade from its headquarters in Fujairah, backed by its offices in Dubai.
Licences :
IFZA allows businesses to link their business, consulting and operation licenses across more than 108 industries with specilization in logistics and other popular business sectors.
Packages:
IFZA provides packages ranging from one to five years, offering each license 3 free market activities.

Khalifa Industrial Zone Abu Dhabi (KIZAD)
A subsidiary of Abu Dhabi Ports, KIZAD is a strategically placed 410 square kilometer industrial zone between Abu Dhabi and Dubai. With one of the most modern deepwater seaports in the world, the Khalifa Port and world-class infrastructure, Kizad enjoys excellent integrative accessibility through sea, air, road and the future rail network.
Key sectors:
All types of business activities including manufacturing, logistics, trade and distribution, solutions for both start-up and established large-scale entities.
License and cost:
Offices packages, with a workstation (hotdesk) and visas, starting from $3,000 (Dh11,000); categories of license include trading, service and general trading.
Packages:
Dual license facility; 3-year packages starting from $6,750 (Dh 24,750)

twofour54, Abu Dhabi
This is a media and entertainment arena of over more than 550 media companies and businesses. Twofour54 will shortly relocate to a modern state-of-the-art building of 77,000 square meters on Yas Island providing a full variety of amenities, utilities, and services.
Key sectors:
News broadcasting, e-learning, gaming, music licensing, production, print publishing, advertising and marketing
Licence:
A quick three-step licensing process enables companies to set up in as less as 24 hours.
Offers:
Cost-effective licensing by waivering new companies' licenses and incorporation fees and enabling companies to work with zero% profit and corporate tax along with onshore privileges and 100% foreign ownership.

 Dubai Multi Commodities Centre (DMCC)
They have over 17,000 enterprises, contributing more than 10% to Dubai's GDP collectively. DMCC is also home to the thriving Jumeirah Lakes Towers (JLT) community.
Key sectors:
DMCC caters to commodity sectors like diamonds, gold, tea and coffee to consultancy, banks, consumer goods and even motorcycles.
Licenses and cost:
Numerous licenses and workplace options, from unique multi-floor buildings to creative co-working facilities. JLT offers very good leasing rates for corporate facilities.
Offers:
For existing members, 100% waiver for late license renewal penalties, office sharing permit fee, company reinstatement fees, and 100% discount for all flexi desk and DMCC Business Centre penalties until the end of 2020. Also, a 30% discount on license renewal charges. For new company registrations, 80% reduction on the total business set up fee provided the shareholders are residents of JLT.

 Dubai Airport Freezone Authority (DAFZA)
Located right near one of the world's busiest airports, DAFZA has over 1,600 regional and international businesses. They have also built a new property, providing extra leasing space of 21,580 square meters.
Key sectors Covers over 2,000 economic activities
Licences Six types of licenses are available — trade, service, industrial, e-commerce, general trading and the dual license with DED.
Offer and packages:
Initiatives launched in 2019 include, waiving registration fees, reducing business setup cost by up to 65%, staff visa fees by 20%, establishment card issuance fees by 17%. Charges are waived off for Board Resolution and MOA issuance.
For more information you may please write to us via setup@pmcsolutions.me or reach us through the contact number 800 183 806, or dial + 971 4 275 6718 out of the UAE or alternatively via online chat www.pmcsolutions.me or Whats app chat +971 588 631 656

FREELANCING IN DUBAI UAE

As the dynamics of the business world are evolving, freelancing is becoming a feasible alternative to earn solid income.

Life is evolving faster than ever in the modern world. Now such a mode of work, as free-lance is becoming ever more popular.

Flexibility, the ability to handle your own working time and resources independently, the ability to act on your own behalf, flexibility and freedom in choosing a lifestyle, the potential for temporary work and managing your own free time attract many talented and committed people from around the world.

Millions of freelancers have now registered on common websites such as freelancer.com, upwork.com, and fiverr.com; this is a competitive market where success is measured by freelancers' skills, expertise, and credibility based on client reviews.

Given Dubai's popularity and prospects as a place with excellent business development opportunities, ambitious and successful foreigners frequently come to the conclusion that they should consider obtaining a freelancer visa.

Many expats in the UAE still hesitate to go freelancing, given the advantages of becoming their own boss.

You need both a residency visa and a work permit to work in the UAE, whether as a freelancer or otherwise. A self-employed visa gives you the freedom to work as an independent specialist, such as a consultant, if you have the correct licensing status.

One way to become a freelancer is by applying for a freelance license and a free zone residency visa.

To receive a freelance residency permit in Dubai, Abu Dhabi, Ras Al Khaimah, Ajman or Sharjah, you must be legally licensed as a freelancer in one of the free zones.

The free zones that currently offering a freelance license include Dubai Media City, Dubai Studio City, Dubai Production City, Dubai Knowledge Park, Dubai Design District, Abu Dhabi’s twofour54 and Fujairah Creative City RAKZE and Ajman Freezone.

Note that the operation of the free zone will need to be relevant to your occupation. You have the right to operate lawfully as an independent specialist, such as a consultant, if you have the required licensing status.

However, the distinction between part-time employment and freelancing is significant. Freelancing is working for yourself, where you are essentially a company made up of one person, which is perfectly legal as long as you are allowed to do so.

Freelancing as an autonomous individual is allowed in many free zones. In order to be able to operate as an independent self-employed professional, you would need a suitable license in Dubai, as well as in the case of registering a company in one of the free zones.

You need to select one of the jurisdictions (one of the free zones or the mainland) to start a freelance company, choose a field of operation, collect a set of documents, pay a fixed fee and obtain a license.

If you want to start your own company, or if you want to work from home, try to get a UAE freelance license and start independently. This is a perfect choice for those who want to venture out at low cost on their own. You can work from home with your own freelance license and residence visa in the UAE.

You can take advantage of the attractive economic benefits of 0 percent corporate and income tax, 100 percent company ownership and completely waived licensing and registration fees.

Be a freelancer today and acquire the capacity to invent, collaborate and build.

Our experienced consulting team is available to help you set up your company and find the ideal office and detailed solutions according to your needs Our team of business specialists will support you with any practical aspect of setting up your freelance business and getting your freelance work permit.

Interested? Reach out our startup setup consultants today and make way in the freelancing world.

For more details contact +9714 275 6718 Whats app +971 588 631 656 or email setup@pmcsolutions.me

A LETTER TO OUR CUSTOMER DURING COVID19

Together, we are facing a truly unprecedented situation. The global coronavirus pandemic is affecting all of our families, our businesses, our communities, and our way of life.

First and foremost, our hearts go out to anyone who's been impacted by the virus, either directly or indirectly. Our thoughts are especially with those who are sick, to whom we extend our heartfelt wishes for a full recovery. And we're truly inspired by the selfless healthcare workers around the world who are on the front lines working tirelessly to care for people in need.

The world as we know has changed in the matter of a few weeks and many of us are still adjusting to our new normal.

During this time of fear, isolation and uncertainty we are reaching out to strengthen our sense of community by connecting with and supporting each other. Hope you and the rest of your family is holding up well.

This moment reminds us that we’re all connected like never before. We’re called upon to be our best selves, with patience, understanding and compassion. As we go forward, we’ll be sure to keep you updated, and know that we always value your questions, ideas and feedback.

Regards,

PMC Solutions DMCC Team

WHAT IS A FREELANCE VISA IN AUE

This document gives you the right to work legally as a self-employed specialist, such as a consultant if you have the appropriate licensing status.

Life in the modern world is changing faster than ever. Now such a work form, as free-lance is becoming increasingly popular.

Flexibility, the ability to independently manage own work time and space, the ability to act on own behalf, independence and freedom in choosing a lifestyle, the opportunity for temporary work, and organizing own free time attract many talented and active people all over the world.

Millions of freelancers have already registered on popular platforms such as freelancer.com, upwork.com, and fiverr.com; this is a free market where the success is determined by the qualifications, experience, and reputation of freelancers based on client reviews.

Given the popularity and prospects of Dubai, as a place with excellent opportunities for business development, ambitious and active foreigners often come to the conclusion that they should consider getting a license, a freelancer visa.

To get a freelance residence permit in Dubai, Abu Dhabi, Ras Al Khaimah, Ajman, or Sharjah, you must be officially registered as a freelancer in one of the free zones; therefore, you must first get a freelancer license in Dubai.

Getting a freelancer residence permit opens up many opportunities in one of the fastest growing economies in the world in Dubai. Having received a freelance visa in Dubai, you can legally live and work in any of the Emirates; you will be able to bring your family to Dubai and enjoy all the benefits of a safe and rich life.

Each free zone in Dubai supports certain professional types of freelance industries, such as music, writing, acting, computer programming, web design, graphic design, translating, illustrating, etc. In order to obtain a freelancer license, an investor may be required to have some professional qualifications.

If you do not want to delve into the local laws and registration procedures, you can use the services of our consulting company that will help you go through the whole procedure from charging to the end for a reasonable fee, saving you from potential troubles and problems.

We should note that is you are not unfamiliar with local law you can use the services of our company that provides professional assistance in resolving any issues related to obtaining permits, business registration, etc.

For more details contact +9714 275 6718 Whats app +971 588 631 656 or email setup@pmcsolutions.me

How to setup a company in UAE in lesser price

Most expats venture to Dubai to live better lives and pursue their dreams.

Each year the number of investors and pioneers to start their business in the UAE has increased substantially.

If you are contemplating setting up your own business in Dubai, budget is a significant factor to consider.

Whether you're just moving to the UAE or are here for years and want to move into the business world, below are the factors to consider before you decide to start a business in Dubai.

For a Limited Liability Company (LLC)

1.       DED initial authorization or instant license

2.       Approval of trade name

3.       Office rentals

4.       Memorandum of Association (MOA) Attestation

5.       Drafting of a contract and attestation of the court agreement

6.       Ministry of Economy fee

7.       Trade license

8.       Commercial License fee (Tejari)

9.       Chamber of Commerce fee

10.   Commercial services improvement fee

11.   Administrative services & public waste municipality fees

12.   Market fees

For a Free Zone Company, you need to consider the cost for the below factors.

1.       Office rent

2.       Free Zone license

3.       Free Zone registration

4.       Free Zone visa

5.       Bank Guarantee

6.       Registered agent fee

Below are some suggestions for launching a low cost company in the UAE

1.    All-inclusive Business Setup & Start-up Packages

Business Setup Packages are a great option that offers outstanding value for money by combining all the necessary factors such as investor visas, DED fees, reliable local service agents or a local sponsor, registration fees, shared offices, business license for your setup in UAE at a much cheaper cost.

This is a win-win situation for both the entrepreneur and the consulting agency.

2.    Affordable Location

Start a business in one of the most affordable regions in the UAE. A low-cost business setup in Dubai or any other emirates depends on the region, jurisdiction or free zone. Let's glance at the relatively inexpensive free zones in the UAE which offer good infrastructure and business benefits to Dubai's Free Zones.

International Free zone Authority (IFZA)

Ras Al Khaimah Economic Free zone (RAKEZ)

Umm Al Quwain Free Trade Zone (UAQ FTZ)

Ajman Media City Free zone

3.    Renting Office Space

At least 200 sq. physical office office space is obligatory for any mainland company in the UAE while office space specification for a free zone company or offshore company is not a prerequisite. These companies may operate without an office or have virtual offices. You get the allocation of 1 visa per 80 square foot of office space. The two key jurisdictions to set up an offshore company in the UAE are Jebal Ali Free Zone (JAFZA) and the RAK ICC.

A free zone license is specifically related to the free zone office space (you must rent it), however Dubai mainland companies can be operated from a business center.

Free zone business license and visa charges are lower, but you only have to operate in free zones and international regions – with a Dubai mainland (DED) license, you can have customers from anywhere in the UAE and abroad.

The incentives and facilities of the free zone is more relevant in the long run for a large multinational company than a small business owner. In a Free Zone, foreign investors can own up to 100% of the company's share, while in Mainland, local partners will hold 51% of the shares and foreign partners 49%.

A Free Zone business can not operate office outside Free Zone. In order to trade outside Free Zones, business must be registered with the corresponding Economic Department of Emirates.

Company bank account in a Free Zone company can be opened & run by expatriate exclusively.

4.    Appointing a Business Setup Consultant

Starting your own business involves a great deal of detailed planning and a lot of strategic thinking. A business setup consultancy is the extended team for your startup journey.

 A start-up consultant comes equipped with both expertise and experience to enable you set up your new company and to counsel you on the execution of your new business.

So if you intend to do Dubai Business Setup, it's wise for you to connect with the trustworthy Dubai Business Consultants. Most of the startup companies work under tremendous degree of uncertainty and with resource constraints and ensure to avoid future risks.

You can easily avoid frivolous spending with the assistance of the professionalsBusiness setup consultants offer extensive support to help entrepreneurs with a business idea but who don't know how to move forward with the ideas.

The best way to secure your right start is to employ a reputable and professional business consultancy who can assist you set up the process from the beginning to the end. This way you can avoid risks that might cost a fortune for your business.

The motives why one has to collaborate with an efficient business consultancy company in Dubai are as follows:

-          For advice and guidance

-          Saving time, money and effort

-          To direct you with legal and financial proceedings

-          Helping you find the right location and support your registration process

To review and analyze more options for low-cost business setup in the UAE contact PMC Solutions DMCC. Take advantage of the Free Consultation Services from PMC Solutions DMCC. Call +971 588 631 656 or email at setup@pmcsolutions.me

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