The free zone has an ideal location as it is located directly next to Dubai International Airport. This place is considered a distinguished and major place in the United Arab Emirates, as it has large, large areas suitable for establishing projects well and also large storage areas. This place has its advantages in terms of speed of customs clearance, high efficiency and Also access to markets faster, and it is one of the most growing free zones in Dubai, it is the ideal choice for the investor to establish a company in the Dubai Airport Free Zone, through Tasyeir company.
Establishing a company in the Dubai Airport Free Zone
The free zone is an economic zone established by the United Arab Emirates specifically for investors to establish projects and businesses, and it encouraged investors with some of the following features:
- Exempting the company from taxes.
- As well as, no taxes are imposed on the foreign investor.
- Providing incentives to the investor.
- As well as, customs benefits.
- There is giving the foreign investor the right to dispose of profits.
- As well as, complete exemption from import and export taxes.
- Lifting restrictions on banking and banking transactions.
Necessary steps to establish a company in the Dubai Airport Free Zone
The investor must determine the activity of the company he wishes to establish. By specifying the activity, he obtains the permitted legal forms. There are two types of legal forms in the free zone:
- Firstly for limited companies in the Dubai Airport Free Zone.
- Secondly, public companies, which may be followed by limited companies.
- Every company has a legal process in the United Arab Emirates authorities, so the investor asks the relevant authority for the free zone about the legal structure of the type of company he wants to establish.
The capital required for an investor to open a company in the Dubai Airport Free Zone
There are no specific restrictions on capital, so the investor can establish his company according to his capital
How to choose a commercial name for the company
After thinking about the company’s commercial activity, a specific name must be chosen for it to be registered with the authorities. The trade name has its conditions:
- Choosing a new name that no other company has previously registered in the free zone.
- The name must end with one specific word.
- As well as, there is no violation of public morals.
- The name corresponds to the company’s activity.
- The name does not contain religious names, political slogans, or names related to the government or authority.
Steps to establish a company in the free zone
The government does not set impossible conditions or demands for establishing companies in the free zone. Rather, it helps to invest well, but there are some steps, including:
- Choose a commercial name.
- Locate the company.
- As well as, company business license.
- Determine the activity of the company, whether commercial, industrial, import and export, or other activity.
- Obtaining a commercial license from the authority responsible for the free zone.
- Registration and obtaining a commercial license.
Advantages of establishing a company in the Dubai Airport Free Zone
The UAE gives you many advantages that help the investor establish a company:
- No taxes on profits.
- The state does not specify a specific value for the capital to establish the company. The investor is the one who chooses the capital to establish his company.
- The company is established with a minimum number of shareholders and directors.
- When the company is established, the owner is exempted from taxes and fees by 100%.
- Foreigners and investors are allowed 100% ownership of the company.
- The investor is not restricted to putting capital in the bank.
Powers of the company in the free zone
- The company may not transact business with individuals residing within the UAE.
- It has no right to own interests in real estate within the UAE except those mentioned in the regulations or with the approval of officials.
- As well as, the company has no right to trade any banking business after completing the construction phase.
- It has no right to practice insurance business or work as an agent or broker.
- It has no right to practice any work that is prohibited by the list.
- If the company wants to practice any business other than what is written in the regulations or in violation of licenses or outside the free zone, it must obtain approval from the specialists.
Advantages of working as an investor in the United Arab Emirates
- Any commercial or industrial activity can be carried out anywhere within the country.
- There is no restriction on the number of visas you want to obtain.
- As well as, the state does not impose taxes on investors.
- It is easy-going in politics.
- A partnership contract with an Emirati citizen is not required.
- The company owner has complete freedom to dispose of profit funds.
In conclusion, the UAE has now become one of the most economical and helpful countries for foreign investors and is paving the way for that through good infrastructure and the imposition of loose restrictions on the foreign investor, which has made it a point of view for company owners, so they are rushing to establish projects there. The best choice now for the investor is to establish A company in the Dubai Airport Free Zone, where Tasyeir company will help you establish it.
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