COMPANY FORMATION IN IN DUBAI SOUTH FREE ZONE - ACE Tax Consultant

COMPANY FORMATION IN IN DUBAI SOUTH FREE ZONE

The gatewayto the Middle-East, Africa and South-Asia

Dubai South Free Zone License Cost, Company Setup, Visa

AceTax professionals will walk you through everything you need to know about setting up a business in the Dubai South free zone, paying for a license, and more.

Establishing a company in the Dubai South free zone is one of the best business decisions for UAE entrepreneurs. Dubai South, which opened its doors in 2006 and used to be known as the free zone for Dubai World Central and the free zone for Dubai Logistics City, is a new entry point into the Middle East, Africa, and South Asia. It gives the world access to a diverse market. It is one of the UAE’s free zones that is growing the fastest.

The integrated urban ecosystem that comes with company formation in the Dubai South free zone helps entrepreneurs and investors manage their time and develop substantial, cost-effective businesses. Entrepreneurs can take advantage of the easy access to the Dubai Al Maktoum International Airport and the Jebel Ali Port when they set up shop in the Dubai South free zone.

In addition, the Dubai South free zone provides a global logistics corridor with prominent connections to land, water, and air. This has had a significant impact on the transportation process and reduced operational costs.

Pre-built offices, extensive warehouses, shell and core stores, individualized office space, industrial facilities, and other amenities are available in Dubai South. The arrangement provides suitable locations for educational institutions as well as industries like aviation, retail, hospitality, food and beverage, and information technology.

Benefits of Dubai South Free Zone Company Setup:

The strategic location of the free zone, which is easily accessible by car and metro, is one of the many benefits of establishing a company in the Dubai South free zone. Because the free zone is close to where the Expo 2020 will be held, businesses that set up shop there will undoubtedly have more opportunities.

Other advantages of starting a business in Dubai South include:

  • 100% ownership by foreigners in the Dubai south free zone
  • No personal, corporate, or income taxes for the Dubai south free zone
  • Dynamic international community
  • Total repatriation of capital and profits
  • Strategic location boosting opportunities
  • Leasing options
  • Simple and quick setup process
  • World-class infrastructures
  • Exemption from all import and export duties; However, mainland imports are prohibited.

Business activities permitted in Dubai South:

Within specific groups, Dubai South permits a variety of business activities in the free zone: manufacturing, commercial, service/consulting, e-commerce, and freelance A few exercises that can be directed inside these particular gatherings are:

  • Logistics
  • Transportation
  • Aviation
  • Storage
  • All trading activities
  • IT consultancy
  • Agriculture
  • Food and beverage trading
  • Management consultancy
  • Hospitality
  • Education
  • Marketing

Dubai South primarily separates and expands real estate, aviation, logistics, and business parks, providing numerous opportunities for multinational corporations, sole proprietorships, and small and medium-sized businesses (SMEs).
Some business exercises in the free zone arrangement would require a confirmed degree or involvement with a comparable field. Under the same license, non-related activities or commercial and service activities cannot be combined.

Dubai South Free Zone License and Facilities:

There are various licenses offered by the authorities of Dubai South, including:

  • Industrial license
  • Logistics license
  • Trading and general trading license
  • Service license
  • Education license
More details about the license types: What are the types of licenses available in Dubai South free zone?

 

Costs of Business Setup

Packages for Dubai South free zone licenses, which include the costs of a lease, license, establishment card, and setup fee with two visa eligibility, start around AED 30,000.
Dubai South also offers various facilities including:

  • Flexi desks
  • Flexi offices
  • Permanent desks
  • Smart, fully-furnished offices
  • Executive offices
  • Warehouses
  • Plots of lands

Dubai South License Renewal:

Businesses in Dubai South can easily and economically renew their operations. Beginning with the second renewal of your company, you will be required to submit an audit report annually.
You will need to pay the renewal fee and send in the signed lease agreement for your facility to complete the renewal process for your business. The fact that you don’t have to be physically present in the UAE to renew your visa is a benefit because it can be done through an agent.


Business Liquidation in Dubai South:

Company liquidation, like renewal, does not require the owner’s physical presence and can be carried out through an agent. To complete the liquidation process, you will need to pay the government fee.
Company liquidation takes about one month to be completed and involves the following steps:

  • Cancellation of visas
  • Termination of a lease agreement
  • Closure of bank account
  • Clearance from customs if your business was involved with trading

Contact AceTax Consultants service providers if you think Dubai South is right for you. Our team of experienced business setup consultants will help you with everything related to company formation in Dubai South or anywhere else in Dubai or the UAE.

Frequently Asked Questions for Dubai South Free Zone

Can I renew my license without being in Dubai?
Yes, you can pay the renewal fees and renew your license remotely by using a registered agent and an authorization letter.
It takes less than a week to get your license to start your business in the IFZA free zone.
No, you have 100 % ownership and do not require to have a local partner to start your company.

Your business cannot be moved from one free zone to another. However, you can open a branch of your current business in a different free zone.

If you want your business to be in a different free zone, you will have to close it down in the current zone and start it up in a different free zone.

Establishing a business in Dubai South may provide a number of advantages and the ideal setting for collaborating on investments in the proposed projects. The following are a few of the many advantages of registering a business in Dubai South:

  • Dubai South Free zone has turned into an important milestone for business undertakings as the district has booked significant ventures and occasions in the impending years. These global projects and exhibitions would undoubtedly require significant commercial support, which Dubai South-based businesses can provide.
  • Between 2018 and 2021, it is anticipated that Dubai South will be extensively accessible by land, air, and sea, opening up new business opportunities. The number of South will also rise as there are more accessibility options. As a result, starting a business in Dubai South might be a good idea.
  • Organization enrollment in Dubai South will empower organizations to situate themselves strategically and address a specialty business module, because of the different proposed and progressing projects in the locale. A strong market position will result as a result of the establishments’ increased visibility and potential for collaboration.
  • In terms of location, Dubai South is built around the world’s largest airport, Al Maktoum International, and the logistics corridor connects it to the Jebel Ali port. The Sheikh Zayed Road and the Dubai-By-Pass Road are also easily accessible from Dubai South.
  • The free zone in Dubai South has opened a business center with a variety of sizes and flexible structures to accommodate the budgets of SME’s, making it even more advantageous to start a business there. In addition to lowering the cost of registering a company in Dubai, Dubai South has initiated ground-breaking initiatives to support entrepreneurs who are interested in starting small and medium-sized enterprises (SMEs).
  • In comparison with other free zones in the UAE, the Dubai South Free zone offers an economic platform that is supported by governmental welfares and has lesser restrictions. Be it with regards to the nationality of the business owner, company ownership, visa, sponsorship, paperwork, etc.