Dubai South Company Set Up
What are the benefits of setting up a business in Dubai South Free zone?
- 100% foreign ownership
- 0% corporate tax
- No restriction on capital repatriation
- 0% import or re-export duties
- 0% personal income tax
- 0% currency restrictions
- 0% restriction on foreign talent or employees
- Ability to mortgage your premises to a bank or financing company
- Onsite Customs
- It is one of the designated zones
How can Emirates Chartered Accountants Group help you form a company in Dubai South Free zone?
- Review all the essential requirements of your business activities to suggest the best free zone where you can open your Company in the UAE.
- Support you in strategizing your business plan.
- Assistance in preparing the application form which has to be submitted to the Free zone authority.
- Getting your trade name approval, Initial Approval and security approval
- Attesting the legal documents from the concerned department of the authorities for corporate clients.
- Drafting the MOA of the company.
- Proper guidance while selecting the warehouse/s or offices.
- Support and guidance for E – channel registration and obtaining the establishment card.
- Assistance for opening your company bank account/s and personal bank account.
- Visa assistance for employees as well as investors.
- Selection of suitable employees for your new formed company
- Proper guidance while appointing an auditor, as having an auditor is a compliance requirement for free zone companies.
- VAT Compliance and Advisory support for VAT Registration | VAT Implementation| VAT Return Filing.
- Provisions for Accounting & Book Keeping services.
- Support for Company Liquidation.
- To add or remove existing shareholder or Director.
- To change the trade name of the company.
- To produce additional company documentation (Certificate of Incumbency, Certificate of Good Standing, etc.)
- To increase or decrease your company share capital.
Dubai South is a dynamic market of the Middle East, Africa and South Asia – a region with a GDP projected to reach $12.8 trillion by 2022-23. Dubai South offers accessibility to Dubai’s Jebel Ali Port and the Al Maktoum International Airport, which gives your business a substantial lower rate for its operational costs connecting land, air and sea.
Forming a Company in Dubai South is beneficial, lucrative and an integrated city they provide with a wide range of business as per your wants. Like industries ranging from the aviation industry to retail, hospitality, food and beverage, education and information technology.
In Dubai South, they have various option customized to fit your needs and wants such as shell & core, fitted-out, and custom-built offices spaces, industrial facilities, and commercial buildings for lease or rent.
Dubai South Free zone also offers foreign investors – the entrepreneur, the SME, or the MNC – 100% foreign ownership, repatriation of capital and profits, free transfer of funds and exemption of import and export duties.
If you set up a company in Dubai South then Dubai South Free zone is treated as a designated zone company through the Cabinet Decision No. 59 of 2017 on Designated Zone for the purposes of the Federal Decree Law No. 8 of 2017 on Value Added Tax (VAT) shall be treated being outside the state. The applicability of VAT on transfer of goods in Dubai South Free zone will apply only if the place of supply is considered to be inside the state.
Similarly, Excise Duty will be applicable on Excise Goods when they are released from Dubai South Free zone. Designated Zones also has to maintain the controls and conditions of transfer of goods as specified in the Executive Regulation for Excise Tax law.
Emirates Chartered Accountants Group provides licensing support for starting a business in Dubai South Free zone along with the all-inclusive ministrations necessary to set up operations for global businesses and foreign investment. We also assist clients to set up their businesses in all the free zones in Dubai providing strategic recommendations and negotiations with local stakeholder along with documentation formalities.
For other Free zone company formation in Dubai please click below links.
- DMCC Company Formation
- DAFZA Company Formation
- JAFZA Company Formation
- DCCA Free zone Business Set Up
For Company Set Up in Dubai South Free Zone