An analysis of economic zone & free trade zone is the first instance to be considered while establishing a business venture. Various impetus of normal advantages of free zones over non free zones in Dubai are as follows
Upsides:
- 100% ownership in his/her venture , no native benefactor required
- Venture premises are easier since 38plus FTZ are accessible
- Duty is imperceptible as to non-free zones
- Zero corporate tax
- International currency can be contused
- Privilege in personal income tax
- Venture licensing pace is less in free zone area
- Establishment disbursement is profound
- Entrenched root
- Entrenched IT & Security
- Amicable environment
- Malleable visa policy
- Easy &flexible labor laws
- Easy freightage
- Ready warehouse access
- Zero stipulation 24*7
Mandatory Procedures to Be Followed For Venture Startup
Certain pre-requisitions are to be mandatorily followed which should be in accordance with the legal bindings of Dubai business incorporation system and also certain pre startup to-do list have to be undertaken for incorporation of the venture in Dubai
Pre Start-Up:
- Discussion with a business guru
- Selecting the right venture market
- Name of the venture
- Licensing of the venture
- MOA for the venture
- License and approval certificates
- Prior reservations of corporate premises