Find Out More About The Different Types Of Free Zones And Selecting The Right One Which Matches Your Business Requirements
Find Out More About The Different Types Of Free Zones And Selecting The Right One Which Matches Your Business Requirements
Advantages of Setting up a Business in a Free Zone
What are the main benefits to starting your company in a free zone and how do they each operate?
ADVANTAGES
One of the main benefits of forming a free zone company in UAE is that complete foreign ownership is possible. This means any foreign investor do not need to find a UAE national sponsor for company formation. Foreign ownership is possible irrespective of the nationality of the investor.
Financial Transactions made easier since there are no currency regulation restrictions on the transaction of foreign currencies. There are no currency regulations of any kind in UAE free zones.
Promoting international trading made easier as there are no import and export duties applies in the free zone.
Income tax and corporate tax is not applicable. There is 100% tax exclusion applied for UAE Free Zone.
Companies formed in a Free Zone are allowed to recruit foreign nationals. The Free zone companies can conduct labour recruitment formalities easily and in a cost-effective manner.
Free Zones are ideal for start ups as warehouses and office spaces are easily available.
Office space is also not mandatory for the majority of Free Zones.
Free Zone Company formation procedures are simple and straight forward. You may accomplish the licensing procedures in less number of days compared to Mainland.