Free Zones in the United Arab Emirates (UAE) are considered to assist increase functions
between global traders with the terms of 100% rights and capital
repatriation. For a latest business owner who is thus far uncertain of the UAE Market and how to flourish, taking a Freezone license will be useful.
Dubai Freezone Company Setup offers are definitely one of the most productive techniques to develop a business in UAE. Generally, the Freezones are well-resourced with state-of-the-art infrastructures, top-notch business conveniences, flexible guidelines and exemption from tax, to name a few. To be more appropriate, here are some advantages you will enjoy from establishing a Freezone company in the UAE:
- Leaving out from all import and export duties
- 100% possession for investors despite of their nationality and residence
- 100% tax exemption on personal or corporate income or gains
- 100% repatriation of capital and returns
- Exemption from corporate tax for 15 years, with an extra renewal option for 15 years
- No or small capital deposit necessary
Also Read :- Company Setup In Dubai
With these benefits, there might be one or more restrictions to note:
- A Freezone licensee is generally unable to connect in or carry out business activities with clients and contractors on the mainland of the own Emirate.
Furthermore, each Dubai Freezone Company Setup has its own benefit over the other. For instance, the more
than 30 freezones in Dubai are dedicated in certain parts and provide to different
businesses. Should you desire to be involved in import and export and the need to access Sea and airports, the Jebel Ali Freezone will be most advantageous. If your business is determined on the stipulation of IT Services, then the Dubai Freezone Company Formation or the Dubai Media City Freezone will be the top place to include your company. If you will be trading, the Dubai Multi Commodities centre will be appropriate in that consider.