WorldZone

FAQs

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1. What is a Free Zone company?
Free Zones are designated areas in the UAE where you can start a business with 100% foreign ownership. Income tax and corporate taxes are exempted in the free zones.

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2. Do I need an office space to start a company in the UAE?
To open a company in the UAE, you will need a company address; however, renting a physical office is not required; UAE authorities accept virtual offices and desk spaces, which are very cost effective and accepted by UAE authorities and banks.

3. How long does it take to setup a company in the UAE?
This is dependent on the type of business. If all requirements are met, a business license should be issued in about one week.

4. What are the advantages of starting a company in the Dubai Mainland?
The biggest advantage is to be able to trade freely within the UAE and internationally.

5. What is a Freelance Visa?
The Freelance Permit and Visa allows you to work as a freelance professional. The Permit identifies you as a sole practitioner and allows you to conduct business under your given name rather than a brand name.

6. Will corporate tax be applied to the free zones?
The UAE has introduced 9% corporate tax on businesses profits of over AED 375,000. This will come to effect from 1 June 2023. Free zones will continue to be exempt from corporate taxes provided they comply with all the compliance requirements and not do business in UAE’s mainland.

7. How much does it cost to setup a company in the UAE?
The setup costs for a company purely depends on the type of business, the jurisdiction and the area it operates in.
To find out more about business setup in the UAE, email us on hello@worldzoneuae.com

8. Do you help in opening a bank account in the UAE?
Opening a bank account in the UAE could be difficult without the right guidance. We at World Zone would introduce you to the right banks while guiding you through the procedure.

9. What are the benefits of Setting up a free zone company?
* 100% repatriation of profits and capital.
* 100% foreign ownership.
* 100% import and export tax exemption.
* 100% exemption from income tax and corporate tax.

10. What is an offshore company?
An offshore company is a business registered in Dubai and is permitted to establish its headquarters in a location outside of Dubai. Offshore companies may open bank accounts in the UAE, but they are not permitted to work, issue visas, or have physical office space in the UAE.

11. What is the procedure to setup a business in Dubai?

  1. Select an industry.
  2. Select a location. (Free Zone, Mainland or Offshore).
  3. Choose a company/trade name.
  4. Complete the paper works concerning the incorporation.
  5. Apply for the license.
  6. Apply for visa.
  7. Open a corporate bank account.

You are set to start your business in Dubai.

12. Do you provide marketing services?
In addition to helping you set up your business, World Zone can also provide you a range of marketing services. Our skilled marketing TEAM can help you establish your brand in the UAE.

13. What are the Marketing services you provide?
As we are familiar with the country’s market, customer demographics, and market dynamics. Some of the services offered are brand building (creative, brand strategy, research) advertising (Print, Radio, Television, Out of home, Events, Activation) and digital marketing (Website development, SEO, SEM, SMM, email marketing).

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