How to Start a Business in Dubai South Free Zone

Would you want to launch a company in Dubai in the areas of marketing, information technology, the arts, events, design, fashion, or beauty? The easy and cheapest way to start your own business!

One of the important economic centres created by the Dubai government is the Dubai South Free Zone, formerly known as Dubai World Central. The Dubai South Free Zone is now the biggest and most important worldwide centre for commerce, business, and aviation.

Near the Jebel Ali Sea Port, 140 square kilometres of the multifunctional area, is where you’ll find Dubai South. Al Maktoum International Airport, Logistics District, Business Park, Aviation District, Commercial District, Humanitarian District, Residential District, Golf District and Exhibition District are all conveniently adjacent to the Dubai South Free Zone headquarters. The international airport in Dubai South Free Zone is well situated to provide efficient logistics and distribution across the GCC, the Middle East, and the whole globe. In the United Arab Emirates, the Dubai South Free Zone acts as a key platform for the expansion of firms in the light industry, aviation, logistics, and auxiliary services.

Advantages to Set Up Business in Dubai South Free Zone

Among the most popular free zones in the UAE, the modern free zone stands out. Thanks to the plethora of advantages the area provides, companies in the UAE are being promoted. When you register your business with the Dubai South Free Zone, you will be eligible for a plethora of benefits and incentives, including:

• The rapid, simple, and affordable company establishment procedure
• Completely foreign ownership
• 100% of import and export taxes are exempt 100% of capital and earnings may be repatriated
• Visa security deposits are not necessary. There is no company or individual income tax.
• Local license and visa authorities
• Several parking spots
• Surrounding residential areas and staff housing
• In the neighbourhood are District 2020, Jebel Ali Seaport, and Al Maktoum International Airport.
• A wide variety of commercial activities are permitted in the free zone.
• Outstanding infrastructure combined with modern business-friendly facilities
• Connectivity between Abu Dhabi and Dubai is simple. accessible by all transportation means (Land, Sea, and Air)
• F&B, banking services, and a nursery are all on-site.
• Strategic position near the Dubai Logistics Corridor on Sheikh Zayed Road
• Being able to use RTA public transportation

Different Kinds of Trade Licenses Allowed in the Dubai South Free Zone

You need a relevant trade license granted by the free zone authorities in order to be able to lawfully conduct the intended business activity from Dubai South Free Zone Business. According to your choice of industry and company type, you may get one of the following kinds of business licenses:

• For specific logistics services, a logistics license
• A service license is required for any professional services.
• Industrial Licensing is for a variety of light industrial tasks
• Education Licensing is for social, educational, and training services as well as educational consulting
• General Trading License permits the importation, exportation, and storage of commodities for later sale to UAE consumers through a local distributor.
• A business License is for specific commercial operations both within and outside the UAE via a local distributor.

How to Set Up a Business in Dubai South Free Zone

In Dubai South Free Zone, establishing a business is a very easy and uncomplicated procedure. Just a couple more steps and you’re done:

1. Determine the sort of office you want for your company and get the leasing paperwork from the administration of the Free Zone.

2. Submit the required paperwork and a properly completed application to get your Dubai South Free Zone company establishment’s initial approval. Application materials must include the following:

• At least three suggested names for the business (in line with the policies of the Free Zone authority)
• Copies of the shareholders’ and appointed manager’s passports
• A duplicate of the leasing contract
• Business strategy
• Information about the individuals responsible
• Other paperwork (if applicable). To determine if you need outside permissions to move your license application ahead, check with the Dubai South Free Zone’s licensing authorities or simply contact your company formation consultant in Dubai.

3. Create a Memorandum of Association (MOA) and Articles of Association (AOA) and have the designated notary certify them. Formalities for registering a company must be fulfilled at the registrar’s office. A Certificate of Incorporation will be issued by the registrar upon review of the application and payment of the required fee.

4. To create a corporate account in Dubai, provide the bank with this Certificate of Incorporation. Keep in mind that putting the money into your bank account is not required; the minimum share capital specified by the authorities for business formation is AED 300,000.

5. After completing the necessary funds, complete collecting the business license in step 5.

Conclusion

One of the finest business decisions for any entrepreneur in the UAE is to establish a firm in the Dubai South free zone. Established in 2006, Dubai South is a developing entryway to the Middle East, Africa, and South Asia. Previously known as Dubai World Central free zone/Dubai Logistics City free zone.

It provides the whole globe with a diverse market. One of the UAE’s free zones with the quickest growth is this one.

Dubai company creation of the South Free Zone has a well-integrated urban ecology that supports the creation of significant, time- and cost-efficient company formations.