Business setup in DUQE Freezone
How to Setup a Company In DUQE Freezone?
Establishing a company in the DUQE Free Zone offers entrepreneurs and businesses a streamlined process with numerous benefits, including 100% foreign ownership and a tax-free environment. Located aboard the iconic Queen Elizabeth 2 (QE2) docked at Mina Rashid, DUQE provides a unique and accessible setting for innovative enterprises
Step-by-Step Guide to Setting Up a Company in DUQE Free Zone:
Key Benefits of Business Setup In DUQE FREEZONE
Setting up a business in the DUQE Freezone offers numerous advantages for entrepreneurs, startups, and established companies. Located aboard the iconic Queen Elizabeth 2 (QE2) at Mina Rashid, DUQE Freezone combines innovation, strategic accessibility, and world-class services to create a unique business environment. Here are the key benefits of establishing a business in DUQE Freezone:
- Businesses established in DUQE Freezone enjoy 100% foreign ownership, eliminating the need for a local sponsor.
- Located in Dubai at Mina Rashid, DUQE Freezone provides seamless access to regional and international markets.
- DUQE offers a zero-corporate tax policy and no personal income tax, providing significant financial benefits.
- DUQE Freezone offers a hassle-free setup process, including online application options.
- This feature ensures complete control and autonomy for foreign entrepreneurs and investors.
- 100% profit repatriation is allowed, enabling companies to transfer profits abroad without restrictions.
- A dedicated support team ensures smooth registration, licensing, and visa processing.
- Proximity to Dubai’s major ports and airports enhances trade and logistics opportunities.
Frequently Asked Questions about Business setup In DUQE
Here are the key steps to set up a business in a free zone.
Determine the type of legal entity.
1. Choose a trade name.
2. Apply for a business licence.
3. Choose an office space.
4. Get pre-approvals, register your business and get your licence.
You can establish two types of companies in the Free Zone: one called a Sole Establishment or FZE, with a minimum of one shareholder and, on the other hand, a Free Zone Company, abbreviated as FZC with a minimum of two shareholders. Both individuals and corporates are allowed as shareholders.
The qualifying income obtained by businesses recognized as Qualifying Free Zone Person enjoys a 0% rate of corporate tax. Salaried income in Free Zone is taxed at the corporate tax rate of 9% unless other exceptions apply.
If intending to start a business in any of the UAE Free Zones, there are three primary steps to follow: securing your business license, procuring your UAE Residence Visa, and opening a corporate bank account. Proper planning should allow for completion of the whole business setup procedure within 1-4 weeks.