It is no secret that in general, the UAE is becoming more popular for investment and money. This beautiful and strong country attracts businessmen from all over the world by offering them various Free Zones. Today, in the country, there are at least 30 regions that offer various advantages to foreign companies. Many entrepreneurs are interested in DMCC company formation. Any business registered in this free zone is not taxable, which saves the founder’s money. It is worth noting that such companies are allowed to sell shares (up to 100%) to non-residents of the country.
Before you register a business, you need to select from its types. If that is an LLC, you will have to pay 150,000 AED, not until that all your employees can get residence visas. “Free Zone Company” and “Free Zone Establishment” assume different share capital: 500 thousand AED and 1 million AED correspondingly. That is why offshore companies in the UAE have become so popular. They have no such restrictions.
While choosing a place for their future business, many entrepreneurs pay attention to the DIFC business setup. Founded in 2004, the Dubai International Financial Center free zone specializes in the best banking institutions and secure financial transactions. At the moment, 2000+ companies providing various services, from consulting to long-term leases, are registered here.
DIFC is the perfect choice for businessmen targeting the African and Middle East markets. The main advantage of this Free Zone is its legal system. It is founded based on English common law; therefore, DIFC has its own court. All payments in this area are available only in US dollars. Company registration is fast enough, and you do not have to spend a lot of time processing documents. Nevertheless, there are several nuances experts will gladly help you to solve.
As you can see, both free zones differ in their range of applications. Therefore, you may choose the one to suit your business best.
