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Welcome to the ultimate guide on the Cost to Form & Renew a Tax-Free Company in Dubai South Free Zone by fzbuddy. If you’re wondering about Dubai South Free Zone, you’ve landed in the right place. Let’s dive in!
On this page, you’ll learn about the following:
- About Dubai South Free Zone
- Benefits of Setting Up a Business in Dubai South Free Zone
- Cost to Form & Renew a Tax-Free Company in Dubai South Free Zone
- Types of Licenses Available
- Range of Business Activities Allowed
- Initial Approval Requirements & Fees
- Legal Entities Available and Regulatory Requirements
- Minimum Capital Requirement for Tax-Free Companies
- Repatriation of Capital Rules & Regulations
- Foreign Investors and Business Owners Requirements
- Business Park & Smart Desk Services
- Cost of Company Registration and Other Necessary Fees
- Social Services Provided by the Free Zone
- Commercial Activities Permitted in the Free Zone
- Obtaining a Trading License in the Free Zone
About Dubai South Free Zone
Dubai South Free Zone, formerly known as Dubai World Central, is a business hub that offers a wide range of business activities. It’s an attractive option for both local and foreign investors. The Free Zone is strategically located and offers complete exemption from personal income tax.
Benefits of Setting Up a Business in Dubai South Free Zone
- Tax Exemptions: Enjoy zero corporate income tax and personal income tax.
- Wide Range of Business Activities: From trading to logistics services, the options are endless.
- Smart Desk and Smart Office Options: Flexible office spaces to suit your business needs.
Cost to Form & Renew a Tax-Free Company in Dubai South Free Zone
The cost of company registration varies, but you can expect to pay between AED 10,000 to AED 50,000 annually. The license cost is also an additional fee to consider.
- Initial Approval Fee: AED 5,000
- Company Registration Fee: AED 10,000
- License Fees: Varies depending on the type of license
Types of Licenses Available
There are several types of licenses you can apply for:
- Trading License
- Service License
- Industrial License
Each type of license has its own set of regulatory requirements.
The cost to form and renew a tax-free company in Dubai South Free Zone (DSFZ) depends on the type of license applied for. There are various types of licenses available, including professional services, trading, education, industrial, general trading, and consultancy. Each type of license has its own set of regulatory requirements, which must be met before an application is approved.
Range of Business Activities Allowed
Whether you’re into trading activity or professional services, Dubai South Free Zone has got you covered. However, it’s crucial to get initial approval for your specific business activities.
Initial Approval Requirements & Fees
To get initial approval, you’ll need:
- A business plan
- Passport copies of all business owners
- Proof of share capital
The initial approval fee is around AED 5,000.
Legal Entities Available and Regulatory Requirements
You can set up the following types of legal entities:
- Limited Liability Company
- Branch Office
- Free-Zone Company
Minimum Capital Requirement for Tax-Free Companies
The minimum share capital requirement varies depending on the type of company and business activities. Generally, it ranges from AED 50,000 to AED 100,000.
Repatriation of Capital Rules & Regulations
Repatriation of capital is allowed, but certain rules and financial statements must be adhered to. Always consult with relevant government authorities for the most accurate information.
Foreign Investors and Business Owners Requirements
Foreign investors can own 100% of the company. However, certain types of business activities may require a local sponsor.
Business Park & Smart Desk Services
Dubai South Free Zone offers state-of-the-art business park and smart desk services, providing businesses with the flexibility they need.
Cost of Company Registration and Other Necessary Fees
The total cost of company registration includes the initial approval fee, license fee, and any additional documents that may be required.
Social Services Provided by the Free Zone
The Free Zone also offers various social services to improve the quality of life for its residents.
Commercial Activities Permitted in the Free Zone
Almost all types of commercial activities are permitted, but it’s essential to confirm with the Dubai South Free Zone authorities.
Obtaining a Trading License in the Free Zone
To obtain a trading license, you’ll need to go through an application process that includes submitting a business plan and other required documents.
FZBuddy aims to provide accurate and reliable information as you navigate the UAE Freezone space. As such, our writers refer to primary information sources in supporting each article appearing on this website. These include, but are not limited to, published news articles, government portals, research papers, and more.
- Dubai South is Dubai’s largest single urban master development focusing on Logistics, Commercial, Residential, and Aviation. (n.d.). https://www.dubaisouth.ae/
- Freezones Gateway, 2021 ↩
- Home – Executive Council. (n.d.). Executive Council. https://tec.gov.ae/en/home
- Dubai South Free Zone Official Site, 2022 ↩
- Black Swan BSS, 2021 ↩
- Decisive Zone, 2022 ↩