Which of the UAE’s free zones are best for consultancy companies?
Location is an important factor when starting a consulting firm in the UAE.
The 49 free zones were established to group together comparable industries. These free zones resonate with the offshore business zones for the benefits of 0% tax and 100% ownership-articlewine. The key is to situate your consulting near the sectors you wish to assist.
There is plenty of work for consultancies in a variety of disciplines, including IT, HR, business management, project management, and health and fitness.
For that purpose, I’ve selected four UAE-free zones that I believe provide the most appealing opportunities for consultants.
Creative City of Fujairah
Incorporated in 2007, this free zone in the eastern emirate of Fujairah is a hub for a variety of industries. These industries include media, marketing, events, and all the satellite services that come with those industries. There is a strong presence in publishing, advertising, cinema, TV, and communications.
Any media consultant would find Fujairah Creative City to be a rich place for networking and new business. IT services, HR and event services, as well as services relating to personal image, such as health, fitness, and fashion, are also in great demand.
Why Fujairah Creative City can be a good fit for you?
The range of company types within the creative industries will provide you with many possibilities to exchange information and transfer skills across sub-sectors.
In Fujairah, establishing a new firm is straightforward administratively. Furthermore, you do not need a No Objection Certificate (NOC), which means you may start your company while still working full-time.
You may also apply for several visas without renting office space. This might provide you with important options when it comes to hiring additional consultants.
RAKEZ
RAKEZ refers for Ras Al Khaimah Economic Zone, which is situated in the namesake emirate in the UAE’s harsh north-east corner. It is home to 14,500 free zone and non-free zone firms, lured no doubt by the fact that it has one of the lowest prices of any free zone.
RAKEZ is divided into six distinct zones: three industrial zones, an academic zone, a media zone, and a commercial zone. Trading and commercial services are growing in this city, with hundreds of freelancers working.
Why RAKEZ could be a good fit for you
RAKEZ’s cutting-edge infrastructure comprises a wide range of real estate facilities, from warehouses to serviced offices. As a result, you should be able to discover suitable lodgings for your consultation.
RAKEZ’s cheap cost and simple setup for new firms are among its most appealing features, and the sheer diversity of business services provides lots of chances for consultancies of all types.
South Dubai
Dubai South, dubbed “The City of You,” is a project that aims to create a dynamic living environment centred around the world’s largest airport, Al Maktoum International. The goal is to house one million people and keep 500,000 jobs.
Given the airport and direct access to Jebel Ali ports, the logistics and aviation sectors are unsurprisingly dominant. It is, however, home to the humanitarian sector as well as Dubai’s Exhibition District, which will host Expo2020 next year.
Why is Dubai South suitable for businesses?
Expo2020 will create a flurry of activity in the events business, as well as logistics, hotels, and a plethora of other services. If you specialise in any of these fields, now is an excellent moment to establish yourself in Dubai South.
Setting up your consulting firm in Dubai South is simple with the aid of a business set-up consultant. For this no evidence of share capital is necessary.
Free Zone DMCC Authority
The Dubai Multi Commodities Centre, located in the heart of the Jumeirah Lakes Towers neighbourhood, has been named ‘Global Free Zone of the Year’ four times by the Financial Times fDi magazine. It is the biggest Free Zone in the area, established as a specialised global trading centre for commodities and financial services.
Since then, DMCC has grown to include a diverse spectrum of specialised sectors, including AstroLabs Dubai, the Middle East’s first Google for Entrepreneurs Global Tech Hub.
The 200-hectare location is an excellent business and residential centre, as well as the region’s sole free zone offering freehold alternatives. It is already home to over 15,000 enterprises, with around 170 new ones opening each month.
Why DMCC are a good fit for you?
DMCC has all of the facilities needed to become a flourishing global commodities and financial services hub. But that’s just half of the tale. Its central location and freehold choices have made it very appealing to international corporations and entrepreneurs from all around the globe. Members of the DMCC community benefit from unrivalled commercial links to important markets in Dubai, & abroad.
The Free Zone is conveniently located near Dubai’s airports, the Jebel Ali Port harbor, and the Expo2020 site. It is a wonderful destination to live and visit, with a variety of shopping establishments, an entertainment complex, excellent restaurants, and luxury hotels-articlewine.
Getting to know the UAE free zone landscape
For new enterprises wishing to start trade in the area, the UAE’s free zones provide a variety of appealing benefits.
Personal and corporate income taxes are completely excluded; 100% ownership, regardless of country or residency; Exemption from all import and export tariffs; 100% repatriation of cash and earnings There is no capital need.
Also Read:The Importance of Cyber Security for Students and Children in Today’s World
Other criteria, such as the need of leasing office space, differ from one free zone to the next.
In this essay, I sought to provide a fast overview of the many ways in which specific UAE free zones may be best suited to your organisation. There is much to discover, and one of the services we give at TVGconsultancy is in-depth advice on the many free zones for new enterprises wishing to establish themselves in the UAE. Choosing your perfect site is a big choice, but with so much expert help available. There’s no excuse not to be thrilled about conducting business-articlewine here.
It has never been simpler to start your own company. TVGconsultancy handles everything so you can concentrate on what really matters: growing your company. Please read this page for additional information about business incorporation in the UAE mainland or free zones.
Disclaimer
UAE rules and regulations, as well as business formation fees, are subject to change without notice. While we do extensive research to provide our material, laws, and regulations might change after publishing the article. Furthermore, the operator of the third-party website is entirely responsible for any information that comes in handy with external links.
