Any business person would know that Dubai is well-known as Asia’s largest trade center, with many chances and possibilities opening up every day. Therefore, Any Indian entrepreneur planning on launching a business there would find the notion of free zone attractive enough. Free zones have 100% ownership rights by foreigners offing them zero tax rates among other advantages including simplification in operation procedures. In this guide you’re about to get essential advice on some of the most popular free zones in Dubai where you can register your Indian business.
Dubai Multi Commodities Centre (DMCC)
One of the best free zones for companies in Dubai is Dubai Multi Commodities Centre (DMCC). This is the perfect place for Indian businesspersons belonging to the sectors of trading, commodities and finance. It allows for full foreign ownership at 100 percent without any charges for imports or exports while providing support for doing business. DMCC has grown to be one of the choices an organization can make when seeking growth opportunities into Dubai because it is strategically located with first class infrastructural facilities plus strong legal necessities.
Moreover, DMCC simplifies the process of establishing a business with a variety of options for offices ranging from hot desks to customized workspaces. In this particular free zone, you will find it cost-effective to get any type of license including trading, industrial, or services thus making it suitable for diverse types of sectors.
Jebel Ali Free Zone (JAFZA)
Jebel Ali Free Zone (JAFZA) is known as being one of the most popular choices among Indian companies. Due to its close proximity to Jebel Ali Port it provides unbeatable connectivity to world markets specifically targeting logistics, manufacturing or trading sectors which very much makes it stand out among other Dubai’s free zones. Up to half a century one can enjoy paying no taxes on this territory plus possibility to profit fully from a business established here without any restrictions concerning shareholdings reflection abroad.
People who are involved in import-export trade should choose JAFZA because it is close to major transportation infrastructures such as air and sea routes. Besides, it offers a variety of other services such as warehousing and distribution which are important in enabling companies consolidate their activities towards improving operational efficiencies as well as increasing sales through wider geographical coverage.
Dubai Silicon Oasis (DSO)
Dubai Silicon Oasis (DSO) is the best choice for Indian companies belonging to technology and innovation sectors. It is a technology park that targets entrepreneurial ventures, hi-tech enterprises and research-oriented firms. By putting up advanced infrastructure, DSO is bent on building innovation clusters and boosting growth of technology-based firms.
Dubai Silicon Oasis provides a lot of advantages. For instance, entrepreneurs can import and export goods without paying any duty fees in this city. Additionally, they have the option of acquiring 100% of the shares of a firm. Moreover, it is easy to obtain visas here and some of the leading technology companies are headquartered in this place making it an attractive environment for partnership and collaboration. If you are an Indian tech entrepreneur just starting out and trying to access Dubai market then you will find DSO as the perfect destination for setting up your company.
Dubai International Financial Centre (DIFC)
Located in Dubai, the DIFC is famous worldwide for its financial activities. For Indian financiers who want to venture into either banking, insurance or capital markets, this stable environment is what you have been looking for. Hosting big law practices, consultants, and major financial institutions, it is now known as a leading financial services hub.
There is a sound legal framework at DIFC which is based on international standards to ensure that businesses are protected. As well as, companies based in DIFC have access to a tax exemption for fifty years, no restrictions on foreign exchange availability and an increasing number of competent professionals.
Dubai Healthcare City (DHCC)
The Dubai Healthcare City (DHCC) is optimal for Indian healthcare and pharma businesses looking to establish outside their home market. DHCC focuses on provision of healthcare services within its boundaries – it has strong infrastructure that supports establishment of medical centers, hospitals, clinics and research institutes. It enables foreign investors to own their investments fully and offers them tax breaks therefore allowing this businesses the opportunity to develop within their own special set of rules.
Many international healthcare providers are also in DHCC that creates a great level of competition. Through this robust network, entrepreneurs in the field of healthcare in India can do well and take advantage of the fast-growing medical tourism industry in Dubai.
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There are various advantages that Dubai’s free zones provide, such as duty exemptions, easy company set-up procedures, and a door to world-wide trade markets – the right place for you indeed regardless of whether you are interested in commerce, IT sector, banking or medicine as far as Dubai is concerned; also an ideal place for those Indian businessmen wishing to open a branch office in Dubai.