Dubai has become center of attraction for majority of entrepreneurs and business owners. Every investor wants to start their business in the city of Gold. This city has proven to be the fastest growing economy in the whole world. And providing major success ratio with maximum profits for all type of businesses in Dubai. Before investing in a country other than your hometown. One should assure he knows all the adequate knowledge about policies, rules, regulations, and legal requirements of the state. Dubai freezone company formation owns relatively easy and simple procedures of business setup. As in comparison with other countries. You do not require to submit hefty amount of taxes, fees, and charges to own your company in a foreign state.
Business Zones in United Arab Emirates:
Without further delay. Let’s learn about the major differences between Freezone and LLC company setup in Dubai. first you have to understand that United Arab Emirates have 7 Emirates. And there are own freezone and mainland licensing authorities of all the emirates. And obviously offshore is also available vice versa. So, choose the best option as per your business nature and activities you are going to perform under your business license.
Differences between Freezone and LLC company setup in Dubai:
To make it easily understandable we make few bullet pointers for Freezone company VS LLC company.
- You are allowed to perform international trading, but local trading is only accessible through a local distributor.
- Physical or virtual office is required
- Visa availability (5 to 6 max per license)
- No mandatory requirement of local sponsorship
- 100% ownership
- Tax exemption
- Start with minimum capital
- Freezones does not required external higher authority’s approvals because they governed by their respective authorities.
With the freezone license you can open up your business setup in Dubai with minimum budget and resources. You have the leverage of not paying hefty amounts as the tax. Neither you are required to pay huge amounts to legalize your company. There are plenty of business setup companies who will guide you more related to freezone services in Dubai.
LLC company license:
- You can easily trade goods or services locally and internationally
- You need to own a physical office premises to perform business activities
- Visa availability (unlimited and sometimes dependent upon your office area or capacity)
- You have 100% ownership for professional license only
- Local sponsorship is must with 51% shareholding by the United Arab Emirates citizen
- Financial Audit is mandatory for LLC in United Arab Emirates
LLC means Limited Liability company needs to seek approvals from government authorities and entities like DED ministry of labor and municipality. Visa approvals and office premises will go hand in hand. The bigger the space and capacity, more freewill to apply for maximum visas.
Is setting up a company in Dubai is time consuming?
This is quite common concern of many business owners. Because they do not want to waste even a second of their journey. so, there is nothing to worry about. In view of the fact that setting a Dubai freezone company formation or LLC both are not time taking at all. You can complete whole procedure within a week or two. However, for foreign investors it may take a bit longer than usual because of legal aspects and credibility of documents. You can consult best business setup company in Dubai to seek professional guidance. Lawyers, consultants, and legal advisors will surely bring you easy solutions for your queries and concerns.
To cut a long story short, do not let your dreams wait more. And start working on, to achieve your goal of setting up a business or company in Dubai. Company formation in United Arab Emirates will definitely add on so much worth into your business. So, expand your business and let it grow immensely.
If you need any sort of advice or consultancy related to business setup company in Dubai. Either in Freezone services or mainland, we will assist you at every nuke and corner to bring you the best results. Our team is experience and highly professional in providing finest services within affordable packages. Do not hesitate to reach out to us to get to know more details about business setup in Dubai. We will be glad to solve all your reservations.