Khalifa Port Trade Zone
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To set up a company in Khalifa Port Free Trade Zone, you will need to follow the below steps:
Determine the legal structure of your company: Decide the legal structure of your company, whether it will be a limited liability company, a branch office, or a free zone establishment.
Choose a business activity: Determine the business activity you want to undertake, as the type of license you need will depend on your chosen activity.
Choose a trade name: Select a unique and relevant trade name for your company. The name should not be identical to any existing registered business names in the UAE.
Obtain necessary approvals: Obtain necessary approvals from relevant government authorities such as the Department of Economic Development, and other regulatory authorities based on your business activity.
Submit application and required documents: Submit the application and the required documents such as passport copies, visa copies, and other legal documents.
Obtain business license: Once your application is approved, you can obtain your business license and start your business operations.
Register for VAT: If your business is eligible for Value Added Tax (VAT), you need to register for VAT with the Federal Tax Authority (FTA).
Open a corporate bank account: You will need to open a corporate bank account to conduct business transactions.
Hire employees: If you plan to hire employees, you will need to apply for visas and work permits for them.
Benefits of Khalifa Port Free Trade Zone company formation in dubai
100% foreign ownership: Companies established in Khalifa Port Free Trade Zone are allowed to be 100% foreign-owned, providing complete control to the owner.
Tax exemption: Companies in the free zone are exempted from corporate and personal taxes for up to 50 years.
Duty-free customs boundary: Goods imported into the free zone are exempted from customs duties and taxes, making it an attractive location for businesses involved in import and export activities.
Infrastructure and facilities: The free zone offers state-of-the-art infrastructure, including modern office buildings, warehousing facilities, and transportation links.
Easy access to major markets: Khalifa Port Free Trade Zone is strategically located near major markets, including the Middle East, Asia, Europe, and Africa, providing businesses with easy access to these markets.
Business-friendly environment: The UAE government has created a business-friendly environment, with streamlined procedures for company formation and a flexible regulatory framework.
Access to skilled labor: Dubai is home to a highly skilled and diverse workforce, making it easier for companies to recruit and retain talent.
No currency restrictions: Companies in Khalifa Port Free Trade Zone can conduct business in any currency without any restrictions.
Protection of intellectual property: The UAE has strong intellectual property laws that protect trademarks, patents, and copyrights.
Excellent quality of life: Dubai offers an excellent quality of life with world-class healthcare facilities, education, and entertainment options.
Khalifa Port Free Trade Zone is a multi-sector free zone that caters to a wide range of industries. Some of the key industries present in Khalifa Port Free Trade Zone include:
Logistics and warehousing: The free zone is strategically located near Khalifa Port, making it an ideal location for logistics and warehousing companies involved in import and export activities.
Manufacturing: The free zone provides a range of infrastructure and facilities for manufacturing companies in various sectors, including automotive, electronics, and aerospace.
Oil and gas: Khalifa Port Free Trade Zone is home to a number of oil and gas-related companies, including offshore and onshore drilling, engineering, and support services.
Renewable energy: The free zone is also home to several companies involved in renewable energy, including solar, wind, and hydroelectric power generation.
Food and beverage: The free zone provides modern infrastructure and facilities for food and beverage companies involved in manufacturing, processing, and packaging.
Healthcare: The free zone provides infrastructure and facilities for healthcare companies involved in research, development, and manufacturing of pharmaceuticals and medical devices.
Information and communication technology (ICT): The free zone provides a range of infrastructure and facilities for ICT companies involved in software development, data management, and cloud computing.
Trading: The free zone is an ideal location for companies involved in trading, import and export, and distribution activities due to its strategic location and duty-free customs boundary.
Construction: The free zone provides infrastructure and facilities for construction companies involved in civil engineering, architecture, and project management.
Consultancy and services: Khalifa Port Free Trade Zone also hosts several companies providing business consultancy, legal, financial, and other professional services.