Dubai China Center is a new free trade zone in Dubai Silicon Oasis. Its main focus is to attract investors in areas such as blockchain applications, entertainment, trading, e-commerce, and more. Here, we provide you with an easy and hassle-free way to start a business in China Center Freezone.
In this article, we will make sure you understand everything about the best way to start your business in this new free zone. Further, we offer you attractive business setup packages with office spaces ranging from fully furnished and shared office space to Flexi desks. This is an important opportunity for global investors. Let us observe:
- What is the China Center Freezone?
- Why should you invest in China Center Freezone?
- How to start a business in Dubai?
- What is the step-by-step process to start a business in China Center Freezone?
- How can we help you set up in China Center Freezone?
1. What is the China Center Freezone?
This new free zone in Dubai was jointly created by the DDP China Center Management Office and the Dubai Silicon Oasis Authority. It was created to support and encourage Beijing Association the promotion International Cultural Trade.
The aim of the China Center is to attract entrepreneurs and new digital businesses such as mobile education, cross-border e-commerce, blockchain finance, new media operations, e-commerce, new media operations, etc. It looks to build the largest exchange platform in the middle east for Chinese companies in the area.
With the support of the UAE and Chinese governments, you can start a business in China Center Freezone. In this way, it is committed to becoming an important connection for Chinese high-tech organizations to work in the Middle East; relying on various advantages to support Chinese companies working overseas.
In short, this new free zone intends to encourage the multi-cultural integration of talents, companies, capital, and information through modernization-driven digital work. In other words, it is looking to build an industrial area of “one park with multiple groups”. Therefore, it forms a group of Chinese industries looking to command the digital economy and small industries.
The business sector in China Center Freezone will promote will top-quality development of the Chinese digital industry across the Middle East. Moreover, it will incubate more than 2,000 Chinese companies and enjoy massive benefits; creating a guideline for the UAE digital economy and creating a billion-level Chinese digital standard.
2. Why should you invest in China Center Freezone?
Exploring the options you have for starting your business in China Center Freezone is an ideal practice. In addition, investing here is an attractive avenue for foreign investors; it has massive business activities while attracting companies to invest their capital in entrepreneurial ventures.
This free zone attracts companies, entrepreneurs, and investors by providing significant advantages for organizations willing to establish their industries and offices in China Center Freezone. Here is a list of some of the incentives that are high-rated in the business environment and China Center offers for you:
- 100% foreign ownership of the company without the assistance and requirement of a local sponsor
- Full exemption from capital gain tax and personal income tax.
- 0% of corporate tax duty to the administration.
- Inclusion of minimal export/import duty.
- Single window permission for administrative services
- 100% repatriation of profits and capital from the organization.
- Rapid license acquisition process and easy company set-up.
- Transparent and pro-market regulations and laws.
- No restriction on currency movement between countries.
- Ready consumer market across Asia and MENA regions.
- An effective communication system as well as world-class infrastructure.
- Low operational cost and start-up.
- Unlimited access to a wide number of skilled workers and professionals.
- No visa restrictions for hiring foreign nationals and liberal employment laws.
- Easy access to road, air, and rail transport systems.
The number of free zones in the UAE is progressively growing each year. There are more than 30 free zones operating across the country; spreading wide and across the seven emirates.
One of the most noteworthy features is that you can start a business in China Center Freezone for a tremendously low cost. However, while the registration process fees are reasonably low; the overall will not go up to AED 30,000 even after the other expenses are included.
3. How to start a business in Dubai?
Setting up your business in Dubai is the right option for investors and entrepreneurs due to the massive benefit this city offers to them. In the same vein, the rapid formation procedures, business-friendly policies, growing business network, etc., makes the city a first-class choice for setting up a business worldwide.
However, there are various ways a foreign investor can start a business in China Center Freezone and the UAE:
3.1. Open a Free Zone business
Establishing a free zone business in Dubai is perhaps the easiest and simple way to set up a business in the UAE. And as we mentioned earlier, free zones in the UAE offer a massive range of benefits for investors to start a business in China Center Freezone such as low-cost packages to first-class office spaces.
In other words, free zones in the UAE provide a perfect environment for freelancers, global investors, entrepreneurs, and start-ups to fully own their businesses and successfully operate their companies.
This way of working is attracting global entrepreneurs and investors to the country. Similarly, companies can easily scale up and operate from the free zones contributing significantly to the economic growth of the UAE.
3.2. Open a Mainland Company
Depending on the area and business activities of your company, a Mainland company formation is the perfect choice for manufacturing, trading, and heavy-duty activities. Further, starting a Limited Liability Company (LLC) with a UAE national or owning an LLC fully as a foreign national, keeps attracting more and more investors to the UAE each year.
Mainland business formation provides the right flexibility for scaling up the office space, taxing large land, warehouses, etc. In other words, the investor can build a quality business easily by registering a Mainland company.
Also, for trading businesses that are involved in global trade and export-import; operating in Dubai mainland will be of great assistance in customs clearance and logistics operations for the good to enter and exit the UAE through ports or custom checkpoints.
3.3. Open a branch of a Foreign Business
For foreign organizations, opening a subsidiary of their foreign business in Dubai is the right option. Likewise, entrepreneurs can choose Mainland or Free Zone jurisdictions for establishing the subsidiary. However, the process is similar to registering your business as a branch office.
On the other hand, the parent organization’s documents must be attested by a UAE Embassy in their home country and counter attested by the Ministry of Economy of the UAE. Likewise, establishing a branch office in the UAE is almost similar to setting up a new business.
There are more documents and attestations required for setting up the subsidiary, but it is a straightforward process in some way.
3.4. Obtain a Freelance License
A freelance license in the UAE allows investors and entrepreneurs to start a business cost-efficiently. However, this type of license does not have a trade license or a business name; but it is for the individual who is applying for it.
When they apply for the freelance license, entrepreneurs are able to offer solutions specified in the permit itself. For instance, marketing, creative work, media, consulting, and others are offered on a freelance basis.
Free Zones in the UAE offer special packages with 1 visa quota at significantly low costs. But depending on the business activity and requirement, the investors and entrepreneurs can choose the right free zone to apply for the freelance permit.
4. What is the step-by-step process to start a business in China Center Freezone?
As an international investor choosing the UAE as a business location, you should learn about business regulations and practices. Certainly, it is broadly recommended to get advice from an expert in this area. This is when Connect Free Zone comes in handy, we will assist you to gain an understanding of regulations and local practices.
After that, we will guide you through these procedures and rules.
There are 3 crucial things that you must take into consideration when you start your business in China Center Freezone as a foreign national:
4.1. Naming your organization
One of the first things you must have in mind about business setup in the Dubai free zone is to name your new business properly. In addition, there is a list of conventions you must follow:
- It must include the legal structure of your organization (for instance FZE, LLC, etc.).
- The name must not attempt against the public order or morals of the country.
- Must be available and not registered beforehand.
- If you want to name your business after your name, you must state your full name, not initials or surname.
- Must be in line with the legal status and required type of activity.
4.2. Required documents
Some of the required documents to set up a business in China Center Freezone as a foreign national include:
- Proof of residential address in your home country (bank statement, utility bill, etc)
- Copy of your passport.
- Successfully completed application form.
- External approvals for the government entities such as licenses, permits, etc.
- Copies of the parent company documents (if setting up a branch office)
4.3. Minimum investment
The minimum investment to start a business in China Center Freezone varies from AED 1,000 to AED 1,000,000 depending on your licenses and business activity. Usually, the average start-up cost for a free zone company in the UAE is set from AED 50,000 to AED 70,000.
On the other hand, in the UAE, the incorporation process is not complicated; however, starting a business does require some expert and local knowledge. Similarly, it is a common practice to work with a business formation expert offering you support and advice. In addition, they will guide you through the step-by-step abiding by the local regulations and customs.
5. How can we help you set up in China Center Freezone?
The China Center Freezone is a vital opportunity to enhance international ties while ensuring cultural interactions between China and the UAE. In addition, this new free zone in Dubai started offering competitive prices as well as customized packages; becoming one of the more promising this year.
Further, investors can benefit from the massive advantages it will offer them. Starting your company in China Center Freezone will allow you to access a thriving and flourishing market.
At Connect FZ, one of our most crucial objectives is to provide you with the most innovative solutions; this way you can rapidly start a business in China Center Freezone. We also provide you with innovative sponsorship services so you can start your activities in Mainland Dubai.
We are aware of how difficult it is to expand to other markets; especially if you decide to do the process on your own. Therefore, we offer you our massive experience to help you set up in a hassle–free manner.
Would you like to contact us to receive assistance to start a business in China Center Freezone? If you have additional questions or want us to work side-by-side with you in this process you can call us at +97143316688 or email us via contact@connectfz.com.
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