What are the benefits of setting up a business in Dubai South Free zone?
How can Musthafa Abdul Hameed Auditing of Accountshelp you form a company in Dubai South Free zone?
Dubai South is a dynamic market of the Middle East, Africa and South Asia – a region with a GDP projected to reach $12.8 trillion by 2022-23. Dubai South offers accessibility to Dubai’s Jebel Ali Port and the Al Maktoum International Airport, which gives your business a substantial lower rate for its operational costs connecting land, air and sea.
Forming a Company in Dubai South is beneficial, lucrative and an integrated city they provide with a wide range of business as per your wants. Like industries ranging from the aviation industry to retail, hospitality, food and beverage, education and information technology.
In Dubai South, they have various option customized to fit your needs and wants such as shell & core, fitted-out, and custom-built offices spaces, industrial facilities, and commercial buildings for lease or rent.
Dubai South Free zone also offers foreign investors – the entrepreneur, the SME, or the MNC – 100% foreign ownership, repatriation of capital and profits, free transfer of funds and exemption of import and export duties.
If you set up a company in Dubai South then Dubai South Free zone is treated as a designated zone company through the Cabinet Decision No. 59 of 2017 on Designated Zone for the purposes of the Federal Decree Law No. 8 of 2017 on Value Added Tax (VAT) shall be treated being outside the state. The applicability of VAT on transfer of goods in Dubai South Free zone will apply only if the place of supply is considered to be inside the state.
Similarly, Excise Duty will be applicable on Excise Goods when they are released from Dubai South Free zone. Designated Zones also has to maintain the controls and conditions of transfer of goods as specified in the Executive Regulation for Excise Tax law.
Musthafa Abdul Hameed Auditing of Accounts provides licensing support for starting a business in Dubai South Free zone along with the all-inclusive ministrations necessary to set up operations for global businesses and foreign investment. We also assist clients to set up their businesses in all the free zones in Dubai providing strategic recommendations and negotiations with local stakeholder along with documentation formalities.
For other Free zone company formation in Dubai please click below links.
SHANTHI APARTMENTS, FLAT NO.3C, III RD FLOOR, DOOR NO.4/9, AVENUE ROAD, NUNGAMBAKKAM, CHENNAI-600034
OFF NO 315, 3rd FLOOR, ASCON HOUSE, SALAH AL DIN ST, DEIRA, DUBAI, U.A.E
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