Running A Business In Freezone
azim ahmed2024-03-13T06:21:31+00:00Installing Office Furniture & Essentials
Running a business in free zones, you can find both unfurnished and fully furnished office spaces. The free zone authorities will help you be hooked up to utilities and communications once you have your business license and are ready to move into your office space.
Facilities and services provided by free zones include
- Firms in the tax-free zones have access to full-time information technology support.
- Phones and Internet Access: Businesses can communicate easily thanks to the availability of phones and internet access in tax-free zones.
- Wireless and high-speed internet access are available in designated “free zones,” allowing for uninterrupted online work.
- Businesses in free zones can take advantage of high-speed Internet connections to share and receive information quickly and easily.
- Internet Protocol (IP) Telephony: IP telephony services may be available in free zones, allowing companies to make and receive calls over the internet.
Promoting and Publicizing the Company
Once you’ve established your company, marketing and advertising are essential to getting the word out about your wares and drawing in customers. However, there are some restrictions on how ads can be shown in the United Arab Emirates. The majority of situations necessitate clearance from the Department of Economic Development. The consent of the relevant transportation authority is also required if roadside signage is to be installed. It’s possible that local authorities will need to approve your ad campaign.
Trading with a Foreign Country
Companies operating in free zones are subject to different customs regulations than those operating on the mainland. Due to the nature or origin of some goods, the GCC’s Unified Customs Law and other applicable rules prevent them from being sold or transported within the free zones and duty-free areas. Within the free zones, it is illegal to import, store, or transfer restricted items.
In free zones and duty-free areas, it is forbidden to sell or possess items like
- Items that catch fire easily (apart from essential fuels for operations that have permits)
- Firearms, explosives, and ammunition (without proper documentation)
- Products that break laws protecting intellectual property, trademarks, and other forms of proprietary information
- Substances derived from narcotics
- Products made in nations subject to economic sanctions
Licensees operating within a free zone are exempt from paying customs fees on any products or machinery imported from outside the zone. How long items can be kept in storage is determined by both the nature of the commodities and the length of time the free zone permit is active.
Among the general customs regulations that apply in free zones are
- Goods must arrive in the free zone within 72 hours of the customs declaration.
- Goods must not be opened, altered, or disposed of prior to arrival in the free zone and customs endorsement.
- Goods must be in compliance with the licensed company’s activity.
- Incoming and outgoing product inspections
- Importing products into the United Arab Emirates necessitates the payment of customs duties. Warehouses in the port allow businesses to temporarily keep their goods before sending them back out to the world. The customs duty value determines the amount of the deposit required, which is returned upon re-export.
The websites of the Federal Customs Authority and the customs authorities of individual emirates, such as Dubai Customs, Sharjah Customs, and Ras Al Khaimah Customs, can be accessed for more detailed enquiries and information.
Adhering to Regulations
As a responsible business owner, you must follow the many laws that affect your company. Among these are rules concerning employee protection, consumer rights, intellectual property, workplace health and safety, and the rules of the free zone in which your company operates.
Among the most significant rules and regulations are
- Commercial Transactions Law Federal Law No. 4 of 1979 Against Commercial Fraud Electronic Commerce and Transactions Law
- Local (Abu Dhabi, Dubai, etc.) commercial regulations.
- Customs problems are governed by the Common Customs Law of the GCC States.
- Laws pertaining to workers’ rights, consumers’ rights, and creators’ rights
To avoid fines and other legal trouble, it is essential to learn about these laws, keep up with any changes, and act in accordance with them.
Why does the selection of the right business consultants matter?
When setup a company in free zone, the most important thing is selecting an experienced business consultant. They will ensure that your licensing and other tasks like accounting, bookkeeping, and bank account opening are executed without delay and mistakes. This is crucial because choosing a substandard agency to save a small amount of money can lead to significant trouble. The rules and regulations are complex, and without the right knowledge of packages, you may lose a significant amount of money during renewal or liquidation, etc.
How 3A Global Corporate Services Provider Can help Your Business?
To start a company in free zone requires an experienced and talented pool of professionals. We have 16 years of experience in company formation in the UAE. Feel free to contact us for expert advice.