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Auditors in Dubai Outsource City Free Zone

Dubai is a city of many cultures and this is evident in the city's free zone. The free zone is an area where companies can outsource their services to other countries without paying import taxes. This allows companies to save money and get the services they need without leaving the country. Dubai Outsource City Free Zone is a special economic zone in Dubai, United Arab Emirates. It was established on 1 January 2017 and has an area of 330 hectares. The zone aims to provide an international business environment for outsourcing companies, with the added benefit of having readily available Auditors in Dubai Outsource City Free Zone. These auditors ensure compliance with local regulations and can provide valuable guidance for your business.

The free zone offers a number of advantages for businesses looking to outsource their operations. These include access to a pool of skilled workers from across the region, as well as competitive tax rates and regulatory environments. In addition, the free zone is home to a number of businesses that can help companies with everything from accounting and legal services to marketing and logistics.

Some of the main attractions of Dubai Outsource City Free Zone include its proximity to key business hubs in the region, its strong international business presence, and its well-developed infrastructure.

Hence, Dubai Outsource City is a one-of-a-kind business community focused on outsourcing and shared service businesses like call centres, data centres, and back-office operations. They provide multicultural workspaces for all types of businesses as well as support services such as business licences, registration, work visas, and so on. Dubai Outsource City's primary goal is to establish Dubai as an international hub for outsourcing and other services.

 

Types of Dubai Outsource City Free Zone Company Formation

1. FZ-LLC (Free Zone Limited Liability Company):

The corporation will have its own legal existence and shareholders. The minimum share capital required will be determined by the business activity.

  • An FZ-LLC with a corporate shareholder
  • FZ-LLC with a shareholder who is a natural person
  • FZ-LLC with a natural and corporate shareholder

 

2. Foreign/UAE Company Branch:

A company that has the option of operating from a location other than the parent company's headquarters. There is no requirement for a minimum amount of capital.

 

Advantages of Establishing a Company in the Dubai Outsource City Free Zone:

  • A tax-free environment for the next 50 years
  • Exemption from personal, income, and corporate taxes at 100%
  • Complete foreign ownership
  • There are no profit or capital constraints.
  • Profits and capital can be repatriated in full.
  • All-in-one services
  • Reasonable real estate prices
  • Easy and quick procedure
  • Duty-free importation of goods and services
  • A one-of-a-kind cluster environment in which businesses from across the industry value chain share a work campus dedicated to their industry and can effectively interact and collaborate.
  • Communities anchored by industry titans on a global, regional, and local scale.
  • Cutting-edge technical and community infrastructure to support and encourage the growth of industry clusters
  • Streamlined incorporation procedure
  • Simple and user-friendly corporate laws and legal framework
  • 24-hour visa assistance

 

Business Activities Permitted in Dubai Outsource City Free Zone:

Customer Care, Transaction Processing, Information Technology Management, Document Management, and Operations Support businesses may apply to join the Dubai Outsource City community.

Businesses can also be classified as Service Providers, Consultancies, Regional Headquarters, Hotels and Leisure Services, Hotels and Serviced Apartments, or Property Management Services.

 

Documents Required for Application Submission at Dubai Outsource City Free Zone:

  • Identification card
  • Permit to Enter
  • Medical examination papers
  • Copies of your passport, visa, and EID
  • Passport-size photo
  • Company registration application
  • Articles of Association and Memorandum

NOTE: The documentation requirements may differ depending on the type of business activity.

 

How to Form a Company in the Dubai Outsource Free Zone?

The following documents must be submitted to the free zone's authority in order to open a company in Dubai Outsource Zone:

  • Form of application
  • A business strategy
  • A request for a business licence
  • Copies of the shareholders and managers passports
  • After the ID of the local representative, if any, make a copy

 

Corporate Taxation of Companies in Dubai Outsource City Free Zone:

The Corporate Tax Law will apply to all companies registered in the UAE, including free zones. The implementation of UAE Corporate Tax for businesses in the UAE for the fiscal year beginning on or after 1 June 2023.

Corporate Tax will be levied at zero percent on the taxable income (adjusted net profit) of businesses in free zones as long as they comply with all free zone regulations and do not do business with mainland companies; otherwise, a 9% corporate tax will be levied on taxable income (adjusted net profit) in excess of AED 375,000. To enjoy the benefit of zero percentage UAE corporate tax, companies in the Free Zones must ensure that they comply with all of the free zone's regulations and do not conduct any business with mainland entities.

 

Why Conduct an Annual Audit in Dubai Outsource City Free Zone?

  • Maintain Free Zone Compliance : A regular audit will ensure that your organization adheres to the financial regulations set by Dubai Outsource City Free Zone authorities. The purpose of this is to prevent penalties and to ensure continued operation within the Free Zone
  • Fraud Detection and Deterrence : Auditing your financial records reveals inconsistencies and suspicious activity that can indicate internal fraud. As a result, potential fraudsters are warned against entering your business and your assets are protected
  • Identify Areas for Improvement : An audit can help you identify areas where your business can save money or improve efficiency. Taking advantage of this valuable insight can help you maximize your financial performance
  • Improved Risk Management  : The audit process assesses your overall financial risk profile. By identifying areas that are vulnerable to fraud, you can implement driven measures to diminish those risks and safeguard your business
  • Gain Financial Credibility : An annual audit by a reputable firm verifies the financial health of your business. As a result, you gain credibility with investors, potential business partners, and financial institutions

 

How Can We Help You?

Reyson Badger provides the best services to help entrepreneurs set up their businesses in the Dubai Outsource City Free Zone. Our team has years of experience in setting up businesses in foreign countries, and they are experts at navigating the complex bureaucracy and regulatory environment in Dubai. We will provide guidance and support throughout the process, making sure that your business is successful from start to finish.

Reyson Badger offers a simple and easy start-up process for companies looking to establish offices in Dubai Outsource City Free Zone. Our dedicated team will walk you through the process, answer your questions, provide the necessary forms, and act as your primary point of contact throughout.

Reyson Badger is a company that specialises in the formation and liquidation of corporations. We strive for complete client satisfaction. We are Approved Auditors in Dubai Outsource City Free Zone with the Ministry of Economy in the UAE, as well as a registered Tax Agent with the Federal Tax Agency in the UAE, providing dedicated Audit, AccountingTax, and Business Valuation Services in accordance with regulatory requirements.


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