Advantages of a UAE Free Zone Company
Planning to set up company in Dubai? Dubai is one of the places that offers numerous incentives to attract investments. However, the government has imposed some stringent measures to qualify for a registered business.
Just like in most progressive countries, company registration in Dubai involves a complex process. Expats business owners may have to deal with set up requirements for licensing, sponsoring, legal, office space, visa among other things. This could be daunting for non-local business owners.
To make things easier for investors, the government has set up free zones to attract investments. These zones were created to serve as a central business hub for companies willing to do business with clients in the UAE and GCC through local distributors. The free zones are a special portion for foreign business owners and home to thousands of companies. Below are some of the advantages of setting up company in free zones.
Free zone business allows 100% ownership
One of the best benefits that business owners get when they choose to setup company in free zones is full ownership. This means finding a local partner is not required and there is no associated restriction to tie you down.
100% exemption of import and export duties
Setting up business in UAE free zones also means corporate tax and customs duty exemption are in place on imported raw materials and equipment and no duties on exports and imports.
Free zone company formation is quicker
In Dubai, setting up a free zone company is generally quicker than formation of UAE company.
Liberal labor laws and easy recruitment procedures
Each free zone has its own employment laws governed by the zone’s supervising authorities. Employers are bound to abide by the laws and regulations of free zones.
Freedom to repatriate capital and profits
The free zones authority allows foreign companies to send back capital and profits to their home country in a simple process.
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