Free Zones in Dubai

Investors are always on a look out for opportunities that could reap higher profits and low expenditures. Taxation and custom fees are the unwanted but apparent costs that are incurred when setting up and running a business. The free zones in the UAE strikes all the right chords and provides a tax free trading opportunity along with other benefits for businesses .Entrepreneurs find a relatively easier gateway to kick start their venture.

Economic zones, that are setup with the objective of offering tax free and free custom duty benefits to expat investors are termed are free zones. Dubai has been a center of attention

With a wide list of free trading zones that cater to a specific category of business in a specific geological setting. Few examples are as follows:

l  Dubai Airport Free Zone

l  Dubai Cars and Automotive Zone (DUCAMZ) also known as Dubai Auto Zone

l  Dubai Healthcare City

l  Dubai International Academic City

l  Dubai Internet City

l  Dubai International Financial Centre

l  Dubai Knowledge Village

l  Dubai Media City

l  Dubai Gold and Diamond Park

The free zones are specific in their nature. Each Free Zone is designed around one or more business industry categories and only offers licenses (e.g. for a Free Zone Enterprise (FZE)), to companies within those categories. Most of the free zones in Dubai broadly offer trading, service, industrial, national industrial, and branch licenses to investors looking to set up their businesses.

A business setup in Dubai free zones can expect to receive the added advantages of having :

-100% ownership, all the profit goes to the owner.

-An exemption from import duties, that cuts costs drastically.

-No currency restrictions.

-No personal or corporate tax, more profit.

-Fewer nationality restriction, most of the people from any part of the world can start up their businesses.

-100% repatriation of capital and income.

-3 year visa for investor and their family members.

Proper guidance and money allocation can result in a profitable business venture that kicks off pretty well from the start. The pros of operating in the free zones are sky high. Company formation in Dubai could be aided by taking help of professional services providers that could properly guide entrepreneurs and foreign businesses to set up their ventures in Dubai effectively. Global Integrated Services, that operates in Dubai, UAE is an example of one of the corporate solution provider that aids in business set ups in the free zones.

GIS – Makes things easier

GIS or Global Integrated Services, a business setup in Dubai promises its clients to deliver high quality services along with commendable results. It offers a wide variety of services, such as companyformation in Dubai, documentation, business planning and feasibility, protection of intellectual property and many others to cater to your individual business needs.

Before planning to start up a business or move your business overseas, apart from the business idea itself, you need finance. And while choosing to invest your money, comes the crucial relation of risk and return. GIS makes these things easier for you. It provides its clients with financial guidance in order to make a sound choice.

Amongst the many financial services that it offers are:

1.     Book Keeping at Basic & Enhanced level

No business can be managed without sound book keeping. Therefore we provide you with a proper check and balance of your inflows and outflows.

2.     CFO services

We also provide professional CFO services who makes decisions in the best interest of your company

3.     Designing & Developing Standing Operating Procedures (SOPs)

We develop proper standards so that performance of the business can be measured against the set SOPs and so that things work in a systematic manner.

4.     Recommendation of Accounting Software & Implementation

With the development of accounting softwares, processes have become much simpler and easier. However, not all softwares apply to every business. Therefore, we recommend you with the most applicable and useful software for your business.

5.     Pay Roll services

In order to ensure employee satisfaction we maintain and provide you with adequate and timely payroll services.

6.      Cash Flow & Budget Management

Preparation of budgets is done as per the needs of the business. Monthly, quarterly, semi-annually and annual budgeting and cash flow services are provided to clients.