Business Setup in Dubai South Free Zone
The gateway to the Middle-East, Africa and South AsiaDubai South Free Zone License Cost, Company Setup, Visa
Shuraa experts will you guide through everything with regards to Dubai South free zone company setup, license cost, and more without any hassle.
Dubai South free zone company set up is one of the best business moves for any entrepreneur in the UAE. Founded in 2006, Dubai South, earlier known as Dubai World Central free zone/Dubai Logistics City free zone, is an emerging gateway to the Middle East, Africa, and South Asia. It offers a diversified market to the world. It is one of the fastest developing free zones in the UAE.
Company formation in Dubai South free zone comes with an integrated urban ecosystem that aids in developing substantial cost-effective business formations and time management for entrepreneurs and investors. Business setup in Dubai South free zone delivers entrepreneurs with the opportunity to take advantage of its convenient access to the Dubai Al Maktoum International Airport and the Jebel Ali Port.
The free zone jurisdiction of Dubai South also offers a logistics corridor for the world with prominent connectivity to land, sea, and air. This has reduced the operational costs and made a significant impact on the proceeding of transportation.
Dubai South offers pre-built offices, extensive warehouses, shell & core outlets, customised office space, industrial facilities, and more. The arrangement provides suitable places for sectors such as aviation, retail, hospitality, food and beverage, information technology as well as educational institutes.
Benefits of Dubai South Free Zone Company Setup:
Dubai South free zone company set up comes with many advantages including the strategic location of the free zone which is easily accessible by metro and car. The free zone is located in close proximity to the Expo 2020 site, which would undoubtedly boost the opportunities for businesses set up in the free zone.
The other benefits of company formation in Dubai South include:
- 100% foreign ownership in Dubai south free zone
- No personal, income, or corporate taxes for Dubai south free zone
- Dynamic international community
- Full repatriation of capital and profits
- Strategic location boosting opportunities
- Leasing options
- Simple and quick set up process
- World-class infrastructures
- Exemption from all import and export duties; however, you can’t import into mainland
Business activities permitted in Dubai South:
- Logistics
- Transportation
- Aviation
- Storage
- All trading activities
- IT consultancy
- Agriculture
- Food and beverage trading
- Management consultancy
- Hospitality
- Education
- Marketing
Dubai South primarily segregates and boosts the industries such as aviation, logistics, business park, and real estate, offering multiple opportunities for multinational companies, sole entrepreneurs, traders as well as SMEs.
Some business activities in the free zone setup would require an attested degree or experience in a similar field. It is not permissible to combine non-related activities or commercial and service activities under the same license.
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
Costs of Business Setup
Dubai South free zone license costs are affordable, and packages start approximately from AED 30,000 which include the costs of a lease, license, establishment card, and set up fee with 2 visa eligibility.
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:
The renewal process of businesses in Dubai South is highly cost-effective and a simple process. You will be required to submit an audit report, starting from the second renewal of your company, on an annual basis.
In order to complete the process of renewal for your company, you will need to pay the renewal fee and submit the signed lease agreement for your facility. An advantage is that your physical presence in the UAE isn’t required for renewal and can be completed through an agent.
Business Liquidation in Dubai South:
Similar to renewal, company liquidation also does not need the physical presence of the owner and can be accomplished through an agent. You will be required to pay the government fee to complete the process of liquidation.
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.
If you think Dubai South is the place for you, contact Shuraa Business Setup service providers, as our team of experienced business setup consultants will guide you through everything with regards to company formation in Dubai South or another location in Dubai as well as around UAE.
Frequently asked questions for Dubai South free zone:
Can I renew my license without being in Dubai?
Yes, you can renew your license remotely using a registered agent with just an authorization letter and renewal fees.
How many days would it take to get my license for business in Dubai South?
It takes less than a week to get your license to start your business in Dubai South.
Do I need to have a local partner to start my company?
No, you have 100 % ownership and do not require to have a local partner to start your company.
Can I transfer my company from one free zone to another in the UAE?
It is not possible to transfer your company from one free zone to another. You can, however, set up a branch of your existing company in a different free zone.
If you want to have your company in a different free zone, you will be required to liquidate your company in the current free zone and then open your company in a different free zone.
Why is Dubai Free Zone the right place to start up a business?
Opening a company in Dubai South could offer several perks as well as favor an ideal setting to collaborate investments in the proposed projects. Here are some of the reasons why company registration in Dubai South can be a great decision.
- Dubai South Free zone has become a key landmark for business enterprises as the region has scheduled major projects and events in the upcoming years. These global projects and exhibitions would certainly require an enormous commercial support, that can be catered by business establishments based at Dubai South.
- It is reported that Dubai South will be extensively accessed by land, sea and air between the year 2018 – 2021, creating further business avenues. Increase in the number of accessibilities will also increase the number of business opportunities in Dubai South. Hence, starting a company in Dubai South can be advisable.
- Company registration in Dubai South will enable businesses to position themselves tactically and represent a niche business module, due to the various proposed and ongoing projects in the region. This will create prospective collaborations and visibility for the business establishments, leading to a strong positioning in the market.
- With regards to the location, Dubai South is built around the Al Maktoum International Airport which is the world’s largest airport, also the area linked to the Jebel Ali port through the logistics corridor. Dubai South is also conveniently connected to the Dubai-By-Pass Road and the Sheikh Zayed Road.
- Opening a company in Dubai South can become even more opportune, as the free zone launched a business center with varying sizes and flexible structures to fit the budget of SME’s (Small and Medium Enterprises). Reducing the Dubai company registration costs, Dubai South has encouraged innovative ways to accommodate a large scale of SME’s and has initiated path-breaking projects in support of entrepreneurs willing to establish a SME’s.
- 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.