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Starting Your Free Zone Business in Dubai

STARTING YOUR FREE-ZONE BUSINESS IN DUBAI. Payfort and Business Setup Consultants have come together to create this infographic guide on how to set up your free-zone business in Dubai. Every minute you spend on paperwork, is one minute you don't spend building your business. WHAT IS A FREE-ZONE? A free-zone is a region where some trade barriers and local laws are waived to facilitate innovation and growth. FREE-ZONE FACTS 60,000 38 free-zone companies free-zones in the UAE DMCC alone incorporates Most entrepreneurs +200 will start their company in a free-zone free-zone companies a month THE FREE-ZONE PROCESS The process for starting up your business will vary based upon the free-zone you choose, but generally you'll have to follow these steps. How many employees do you need? Do you need a physical office? Issue visas Pass inspections and rent office Free-zone selection Apply for your license WHICH FREE-ZONE? Free-zone awards. Fastest set-up OVERALL WINNER Up and coming Cost effective Fastest growing AJMAN AJMAN DMCC MEYDAN DMCC According to the experts at Business Setup Consultants Free-zones by the dirham... GENERAL TRADING LICENSE COSTS DMCC - AED 82,000 GENERAL TRADING LICENSE COSTS AJMAN - AED 28,000 GENERAL TRADING LICENSE COSTS HAMRIYAH - AED 35,000 Free-zones for every business. few popular These days most free-zones accept all forms of activity, but there are still spots for certain types of businesses. Dubai Media City Twofour54 Creative City Fujairah Hamriyah Jebel Ali Free Zone MEDIA AGENCIES Silicon Oasis CENTERS OIL & GAS DMCC DIAMONDS PRODUCTION Studio City ...... ..* .. TECH STARTUPS Masdar RENEWABLE.. .. Silicon Oasis ENERGY BROAD- CASTERS LOGISTICS COMPANIES Jebel Ali Free Zone Media City EINANCIAL DIEC INSTITUTES RADIO Creative City Fujairah LAWFIRMS STATIONS DIFC THE FINE PRINT Certain business activities require specific licenses that can be tricky to acquire. Tourism companies E Building contracting O Jewellery Telephone equipment E$ Money exchange Oil or natural gas TAKING PAYMENTS Free-zone companies cannot transact online without lengthy approvals from the banks. Payment gateways are the best way to get around this. NEED A BOOST Free-zones invest and support incubators that can help you get your business funded and launched. Payfort partners with: Turn8, and In5. TUAN8 PAYFORT DON'T FORGET TO... Select the proper health insurance provider as it's mandatory in certain free-zones. Pick your business activity carefully - if you pick the wrong one you could be subject to fines. Pick the right location - once your company is incorporated, you cannot transfer the license in between free-zones. Bs/c (PAYFORT This infographic was brought to you by Payfort and Business Setup Consultants.

Starting Your Free Zone Business in Dubai

shared by businesssetupdubai on Dec 25
Payfort and Business Setup Consultants have come together to create this infographic guide on how to setup your free zone business in Dubai.



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