DFZ Council to Boost Interest in Dubai Free Zones

February, 2017

The Dubai Free Zone (DFZ) Council has approved a strategy aimed at boosting the interest of international investors in Dubai’s free zones.

This strategy is a wise move that will highly increase the competitiveness of Dubai’s free zones. Therefore it will strongly support the government of Dubai with the development of its economic and investment strategy.

The increased global competitiveness of Dubai’s free zones will mean an increase in Dubai company formations as there will be a surge in foreign investors who will want to form a company in Dubai.

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The DFZ Council’s new strategy was approved at the DFZ’s fifth Council meeting and includes the:

Marketing of free zone projects and investment opportunities to global investors
Utilization of an integrated, centralised database for all Dubai free zones
Already approved decision (approved in December) to support and facilitate free zone companies to transfer to other Dubai free zones
Implementation of best practices
Development and implementation of effective operational frameworks.

Why Dubai Company Formation?

Dubai is the most popular business hub in the Middle East. The key advantages of setting up a company in Dubai are highlighted below:

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Dubai Company Formation Key Advantages
100% foreign ownership	International entrepreneurs and investors are able to own 100% of their company if it is located in a free zone in Dubai or a free zone elsewhere in the UAE.
No Taxes	Your company will not be liable for the payment of income or corporate tax. There are no taxes on sales, wealth or capital.
100% free profits repatriation	All profits from your business can be repatriated.
0% import and excise duties	Investors can enjoy 100% exemption from import and export custom duties. There are no trade barrier quotas or foreign exchange controls.
Cost-efficiency	Low company setup costs and access to government-subsidized low cost energy.
World-class, modern infrastructure	Access to the most advanced infrastructure available in the world. Supreme logistic and telecommunications infrastructures that fully support international trade.
Superb, modern facilities	Dubai’s free zones provide company owners with access to a wide range of facilities such as plots of land, centers, warehouses and offices.

Click Here for Essential Information and Facts on Dubai and UAE Company Formation

Dubai – Superb, Unmatched Lifestyle Benefits

Over 200 different nationalities have set up home in the small emirate of Dubai. Living in Dubai means you will enjoy a host of benefits. Dubai is the fastest growing city in the world and is continuously setting higher standards in quality of lifestyle, well-being and amenities. Dubai is one of the safest places to live in the world and has a low crime rate and no social unrest. It has a highly rated health system and top global schools and universities.

Living in Dubai means you will be able to enjoy the best hotels and hotel facilities in the world, not to mention the best marinas, shopping malls, entertainment…. to name but a few.

Last but not least, living in Dubai means that you can enjoy the sea and sun every day of the year.

Click Here for More Information on the UAE Lifestyle Advantage

Focus Business Services (FBS) Kotsomitis is one of the leading company formation and corporate services providers in the region. The FBS Group is an international Group with offices in Dubai (Head Office), Ras Al Khaimah, Cyprus, Malta, Greece and the Seychelles.

Our UAE professional services team provides assistance to investors and entrepreneurs wishing to set up businesses in Dubai and the UAE quickly and efficiently. We are experts in setting up companies in Dubai, RAK or any UAE location.

Contact an FBS KOTSOMITIS Professional for Your Dubai Company Formation

We handle the whole process of setting up your company quickly, easily and efficiently – with excellent support every step of the way.

We deal with your Dubai Company Registration, Business License, opening of corporate and personal bank accounts, visa processing and all government related services.

After your company is set up, our team of professionals assist you with operating your company by providing services such as:

Accounting
Bookkeeping
Tax
VAT
Visa
Banking
Many other services.

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We will guide you through the five steps for your Dubai Company Formation – Click on the links below for the 5 simple steps to set up your company in Dubai or other UAE location:

Step One: Get in Touch with Us

Step Two: Select your preferred type of company

Step Three: Begin the company formation process

Step Four: Select your bank and open corporate and personal bank accounts

Step Five: Begin to run your com pany together with the support of FBS Kotsomitis

More on the Dubai Free Zone Council

The Dubai Free Zone Council was launched in April 2015. Its Chairman is H.H. Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Civil Aviation Authority and Chairman of the Emirates Group. The main role of the DFZ Council is to develop the free zones of Dubai to attract international investors and to create an environment that is a platform for boosting industry, tourism, commerce and services. The Council aims to implement a transparent legal environment and improve government services to attract investors.

The DFZ Council’s new strategy outlines that it will continue to provide support and consultation to the individual free zones of Dubai at local, regional and international levels. The Council will provide assistance to free zones in improving operational procedures. The Council will market free zone projects and opportunities for investment to investors by participating in conferences and international exhibitions.

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With the DFZ Council’s new strategy, marketing will be so much more effective, robust and wider-reaching as there will be a much higher number of stakeholders. Furthermore the DFZ will have access to a huge amount of information and resources enabling it to conduct research and use statistics to compile reports. The centralized free zone database will mean higher flexibility and control.

These are just a few advantages that will present themselves…. In fact, the opportunities that can be unleashed by this strategy are huge.

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