We all know that there are a lot of free zones in UAE in which the people have found a lot of opportunities for their business setups in Dubai, UAE. the best thing about the free zones is that the people who set their businesses here do not have to pay any VAT at all.
The main thing about most of the free zones in Dubai is that they require some amount of capital before the issuance of the license.
For the business set up in a free zone in Dubai, the person needs to go through the following steps;
- They need to provide their passport. This is done for the security checkup
- Another thing they need is to deposit is money to the bank for some days. This money is usually deposited for almost 3-5 days. It can sometimes be submitted for 20 days as well. after the setup gets finished, the money can be taken back.
- They need to get their license as well. All of these steps are to be taken by the person so that he can set up his business in Dubai.
After you set up the business, you can use the deposited money for any purpose. One thing that needs to be noted down here is that after you are able to use the amount you deposited, you must do an audit for that. you also have to prove the fact that your audit did no decrease at all.
NOT ALL FREE ZONES REQUIRE CAPITAL!
In Dubai, there are some free zones that do not require any capital at all. usually, in other free zones, you need the capital to be shown in the later developmental stages of your business but there are some free zones where there is no need of capital at all.
Ajman Free Zone capital requirements
In Ajman free zone license cost, you do not require any capital for your business service license. Some amount is needed in case of the industrial and trading licenses which are to be shown after two to three months of the registration of your company.
The trading license requires the amount of 185 000 AED (or 50 000 $). Another good thing about this free zone is that it doesn’t require any education if you need any license. In addition to that, you can even pay for the license in installments which makes it, even more, easier for the person to start his new business here.
RAKIA Free Zone Capital requirements
Rak free zone company setup, In RAKIA Free Zone You do not need any capital for both the training as well as the service licenses in this free zone. You need an amount of around 200 000 AED if there are multiple owners for the industrial license but in case of one owner, you would be requiring 150 000 AED.
Hamriyah Free Zone Capital Requirements
Hamriyah free zone company formation cost, You need no capital for the companies having the office facility. In case of the Companies leasing land or warehouse, you would be needing 150 000 AED. This means that you do not have to have any capital for the office facilities at all.
Fujairah Creative City Free Zone
Fujairah creative city license cost, For this free zone, you do not require any type of capital at all no matter what type of company you want to open. In Fujairah Creative City Free Zone, there is no requirement of capital for the people who want to open their new business setups and wants to know Fujairah free zone license cost
Dubai World Central – DWC Free Zone
Just like Fujairah Creative City Free Zone, there is no capital requirement in the business set up in DWC Free Zone as well. it means that you can open any type of company here and you would need no capital at all.
All of these free zones are helping people a lot who are having problems related to capital.
There might be a lot of people who have a dream of opening their own business setups but due to the capital problems, they might not be able to bring their dreams into reality. Here is good news for all of those people who thought they would never be able to pursue their dreams due to their financial problems.
The free zones that do not require any capital are appealing to the people a lot because they do not ask for any capital from them.
If you also had a dream of opening up your own business, you should go for these free zones. They would not as you for any capital and you would be able to carry out your business activities with great ease.
What are you waiting for?
Do not waste another single second of your life in sitting and waiting for an opportunity to come to you because these free zones have the best opportunities for you to set up your own businesses. You should surely get the advantage from them because they have the best you can ever get. For BUSINESS SETUP CONSULTANTS IN DUBAI Contact FAR consulting Middle East