Dubai, with its strategic location, business-friendly environment, and world-class infrastructure, has become a global hub for entrepreneurship and investment. The UAE government has actively promoted foreign investment by establishing numerous Free Zones across the Emirates. These Free Zones offer a range of benefits to businesses, including 100% foreign ownership, tax exemptions, and simplified company setup procedures. Additionally, entrepreneurs, investors, and business partners can obtain UAE Residency Visas, allowing them to live and work in the country.
Free Zone Business Setup Services
Setting up a business in a Free Zone in Dubai can be a complex process, involving various legal and administrative procedures. Fortunately, several specialized companies including Handlr Zone offer Free Zone Business Setup Services to assist entrepreneurs and investors in navigating this process smoothly. These services typically include:
- Free Zone Selection: Choosing the right Free Zone is crucial for the success of your business. Free Zone Business Setup Service providers can help you select the most suitable Free Zone based on your business activities, target market, and budget.
- Company Registration: Once you have selected a Free Zone, the service provider will assist you in registering your company with the relevant authorities. This involves preparing and submitting the necessary documents, such as the Memorandum of Association and Articles of Association.
- License Acquisition: Depending on your business activities, you may need to obtain specific licenses from the Free Zone authorities. The service provider will guide you through the license application process and ensure that you comply with all the requirements.
- Office Space Leasing: Most Free Zones offer a variety of office spaces for businesses to choose from. The service provider can help you find the right office space that meets your needs and budget.
- Visa Processing: If you plan to relocate to Dubai to manage your business, you will need to obtain a UAE Residency Visa. The service provider can assist you in the visa application process and ensure that you meet all the eligibility criteria.
- Bank Account Opening: Once your company is registered and you have obtained the necessary licenses, you will need to open a bank account in Dubai. The service provider can help you choose the right bank and guide you through the account opening process.
- Ongoing Support: Even after your business is set up, the service provider can continue to offer ongoing support services, such as accounting, bookkeeping, and legal advice.
UAE Residency Visas for Entrepreneurs, Investors and Business Partners
The UAE government offers several types of Residency Visas for entrepreneurs, investors, and business partners who wish to live and work in the country. These visas typically have a validity period of 3 to 10 years and can be renewed upon expiry.
Entrepreneur Visa: This visa is suitable for individuals who have a innovative business idea and want to establish a startup in the UAE. To be eligible for this visa, applicants must have a business plan approved by a UAE-based incubator or accelerator.
Investor Visa: This visa is for individuals who want to invest in an existing business or establish a new business in the UAE. The minimum investment required for this visa varies depending on the type of investment and the Emirate.
Business Partner Visa: This visa is for individuals who are partners in a UAE-based company and hold at least 20% of the company’s shares.
Benefits of Obtaining a UAE Residency Visa
Obtaining a UAE Residency Visa offers several benefits to entrepreneurs, investors, and business partners, including:
- Tax-free Income: The UAE has a 0% income tax policy, which means that residents do not have to pay any taxes on their personal income.
- Access to World-Class Infrastructure: The UAE boasts world-class infrastructure, including modern airports, seaports, and highways. This makes it easy for businesses to connect with global markets.
- High Standard of Living: The UAE offers a high standard of living, with excellent healthcare, education, and entertainment facilities.
- Safety and Security: The UAE is one of the safest countries in the world, with low crime rates and a stable political environment.
- Family Sponsorship: UAE Residency Visa holders can sponsor their family members to live with them in the country.
In conclusion:
Dubai’s Free Zones and the UAE Residency Visa program provide a wealth of opportunities for entrepreneurs, investors, and business partners from around the world. By leveraging Free Zone Business Setup Services and obtaining the appropriate Residency Visa, individuals can establish and grow their businesses in a thriving and supportive environment. The UAE’s commitment to economic diversification and foreign investment makes it an attractive destination for those seeking to achieve their entrepreneurial dreams. If you are considering setting up a business in Dubai or obtaining a UAE Residency Visa, it is highly recommended that you seek the assistance of a reputable Free Zone Business Setup Service provider. They can guide you through the entire process, ensuring that you comply with all the legal and administrative requirements and make informed decisions that will contribute to the success of your venture.
Get in Touch:
Handlr Zone
Digital Park – 001 – 30306, IFZA Business Park, Building A1 – Dubai Silicon Oasis – Dubai – United Arab Emirates
+971 58 586 1556
handlrzone.com