How to Setup a Company in DUQE FREEZONE?
Here are the key steps to set up a business in DUQE FREEZONE.
Key Benefits of Business Setup In DUQE FREEZONE
1
100 %foreign ownership
DUQE Free Zone allows 100 percent ownership of the business in whole by the investor and also gives control to be able to operate that business.
4
Strategic Dubai Location
In a prime location within the region, DUQE makes for excellent access to most of the major regional markets, as well as important international markets.
2
Strategic Dubai Location
Zero percent income and corporate tax increases profitability and would go well with any type of global business.
3
Setup procedure
DUQE enables businesses to start very rapidly. It has a rather easy, streamlined registration system to get started with, helping businesses to set up without much hassle.
Frequently Asked Questions
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.