Free Zone Business Setup in Dubai South
Dubai South, formerly known as Dubai World Central, has been designated as the Emirate of Dubai’s flagship urban project by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. As the site of Expo 2020, a global exposition showcasing advancements from across the world, Dubai South is a vital free zone supporting various activities in the logistics, aviation, commercial, exhibition, and humanitarian sectors and is also a major residential development. Essentially acting as a master-planned city, the development is expertly designed to support business setup in Dubai and business setup in UAE, create 500,000 jobs, and sustain a population of one million people. Dubai South is also expected to play an important role in developing the UAE’s tourism industry, as it is designed to handle 20 million visitors per year by 2020.
As a gateway to the emerging markets in Africa, Asia, and the MENA region (with GDP projected to reach $12.8 trillion by 2022-2), Dubai South has been designed with the understanding that Dubai’s geographic location continues to play an important role in linking these markets. Similarly, with the increasing importance of airports in the Middle East region, and the region’s booming aviation sector, Dubai South provides an economic platform for the entire region and beyond.
Dubai South is based near Al Maktoum International Airport, which has a planned annual capacity of 12 million tonnes of cargo and 160 million passengers. The free zone hosts the record-breaking Dubai Airshow and is positioned to be a premier location for international exhibitions, conferences, and international company formation. For those looking for free zone company formation in Dubai and free zone company formation in UAE, Dubai South is also in close proximity to Dubai’s Jebel Ali Port, to save time and reduce operational costs, making Dubai South a convenient option for export and import businesses that require free zone company formation in Dubai. For further convenience, Dubai South’s Logistics Corridor connects land, sea, and air pathways to move goods from sea to air within four hours. Additionally, Dubai’s Road and Transportation Authority will expand the city’s metro system, connecting the free zone with Dubai’s efficient public transportation system.
Free Zone Benefits
When looking at Dubai free zone business setup options, Dubai South provides opportunities for a range of industries, including but not limited to aviation, retail, import and export, hospitality, food and beverage, education, and information technology. The free zone offers entrepreneurs, SMEs, and MNCs a variety of benefits, including 100% foreign ownership, repatriation of capital and profits, free transfer of funds, and exemption of import and export duties.
Dubai South’s free zone business setup arrangements mean that a wide range of options are available for leasing, including shell and core, fitted-out, and custom built offices spaces, industrial facilities and commercial buildings for lease or rent. With a focus on sustainability, the free zone’s infrastructure aims to increase efficiency, reduce energy waste, and ultimately reduce costs and environmental effects.