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How Accounting and Consulting Firm in UAE Can Assist in Free Zone Company Setup

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Whether you want to set up a new company or simply establish a wholly owned subsidiary in DMCC, having a team of experts from accounting consulting firms in Dubai can guide you through every step of a free zone company set up will keep you running your business smooth and fast.

While Dubai was earlier renowned largely for its oil industry, the scenario has now changed in the last 2 decades. Dubai has now emerged as a popular global city and business hub and attracts a lot of foreign investment. A lot of accounting and consulting firms have thus cropped up in the UAE to meet the rising demands of businesses and enterprises.

The free zone company set up brings a lot of opportunities for networking, collaborating and extensive growth in the business due to the appealing tax regime and many incentives offered by the free zone authorities. The Free Zone Authority in Dubai is the government organization that handles registration formalities and issues business licenses to non-resident companies or foreign-owned businesses for company formation in Dubai free zones.

Benefits of a Free Zone Company Set up in Dubai

Free zones are favoured for setting up a business as they are equipped with the state-of-the-art infrastructure, duty and tax exemptions, flexible government policies, business amenities, and much more to stimulate the market processes and operations.

There are many other benefits of a free zone company set up such as having full ownership by investors, regardless of their nationality and country of origin, tax exemption on personal and corporate income, full repatriation of capital and profits, as well as exclusion from import and export duties. Companies can also get an exemption on corporate tax for 15 years, which can additionally be renewed for another 15 years.

Free zones provide flexibility to engage in international business and there is a complete secrecy of operations along with additional provisions to hold properties, participate in multiple activities, and ability to open a bank account in Dubai. Since the authorities also assist in providing housing facilities, staff visas, and other support services free zones are attractive destinations for foreign businesses.

How Accounting and Consulting Firm in UAE Can Assist

Dubai offers a lot of options for formation of companies to investors, to set up their business anywhere in the Emirates depending on the type of their business, location, budget, ownership preferences, and other such factors. There are certain procedures and formalities that need to be completed in order to set up a business in free zones. These require accurate planning, knowledge of local culture and government norms, and elaborate operational decisions, through different business setup phases. This is where experts from accounting and consulting firms can be helpful. Freedom in the operations of the business, huge margins in tax savings, and many favourable government policies make investors and businessmen set up their operations in Dubai’s free zones.

Accounting and Consulting Firm in UAE have the experience and resources to help companies set up their business without worrying about the red tape, visa applications, documentation and licensing formalities, residence permits, banking processes, etc., and they take care of all these requirements.