Dubai South Free Zone was earlier known as Dubai Central World. It is a classic approach for the markets of Asia, Middle East and South Africa. Dubai South is facilitated with a Business Park that provides advanced foundation. This eases the rise of businesses whether they are startup or set.
There are three types of business centre offices namely smart desk, smart office and permanent smart desk.
Why should you set up a company in Dubai South?
- You have to pay no taxes
- The solutions provided are cost effective
- Complete overseas ownership
- You can apply for two residence visas
- Quick entrance to Al Maktoum Airport and Jebel Ali Sea Port
- There is restriction on currency
- You get 100% profit and capital
- The set up procedure is easy
- The constraints for economical lease are adjustable
Dubai South is one of the free zones which is cost effective. It reinforces a number of activities which includes commercial, logistics, aeronautics, advertisement and humanitarian.
Steps for Dubai South Company Formation
- First of all choose what kind of organization you want to build. It could either be Free Zone Establishment or Free Zone Company. The number of investors would be different for each of the companies. Free Zone Establishment needs one depositor whereas Free Zone Company requires more than one investor.
- Choose an exclusive name for your company. The name should not be offensive or related to religion.
- When doing business in free zone, you can choose from a number of activities related to business which includes education, economics, media, shipping gold or diamonds, technology and financial or professional services.
- In order to get the approval, you should first submit the documents.
- The space for the office you choose should depend upon the type and nature of your business. If you do not have sufficient budget, you should to such free zone in Dubai which is the cheapest.
last but not the least step is to obtain approval. Then you have to pay the
license and registration fees.
What is an Off-Shore Company?
An Off-Shore Company is a company which you set up in any country but not where you live. There are plenty of service providers out there that can help you with RAK offshore company formation.