Setting Up a Free Zone Company
The economy of Dubai has grown in leaps and bounds over the past few years with the gross domestic product equally going up. This growth is mainly attributed to the amendment of the property law that opened for the ownership of property by foreigners. In the same way the law permitted the establishment of free zones that were solely owned by foreigners thereby attracting many multinationals. In fact, Dubai this led to an investment surge as there were more and more expatriates and new residents coming in. The impact of this is that the emirate’s economy is quite diverse even though the main contributors are real estate, transport and trading. Moreover, the role of Dubai in the region’s logistics solutions cannot be overlooked as the Jebel Ali Free Zone as well as the airport are key links.
One of the questions that most people ask is “why setting up a free zone company in Dubai”? Free zone companies are quite handy especially to investors who are not quite familiar with the emirates economy. First, Dubai offers a wide variety of options for those people who are interested in setting up their businesses and companies thereby allowing you to go for an industry that best meets your needs. Even then, there are those requirements that you must meet that getting around them on your own can be quite hectic unless you have expert advice which is where the free zone company comes in. Secondly, the process of working with a free zone company in Dubai pretty much simplifies as there are a number of business consultants that you can work with at a fee who will advice on important aspects that include the location, facilities and even the name of the free zone that you find to be more appealing. These consultants will also recommend to you some of the solutions they consider as ideal for you.
Additionally, free zones will also help you in getting started through offering recruitment services for your staff as well as support services that include housing, communication facilities among other things that you will need in order to establish your business. The other reason why you can opt for a free zone company is that it presents an excellent opportunity for expansion within the region because of the fact that Dubai allows foreign ownership. This means that it is possible to freely move within the emirates while maintaining the ownership of your business. The presence of numerous free zone companies is testament to the fact that these companies offer a service that is crucial to investors.