Free Zone CompanyFormation in Dubai,UAE
If you plan to start a Free Zone company in Dubai UAE, you are on the right track. A significant advantage was that 80 percent of the UAE population was expatriates. To scale up foreign investment, the UAE government set up special zones, making doing business easier.
A free trade zone, another name for a free zone, is a special economic zone that gives many advantages to businesses, including tax exemptions and concessions in regulatory fees. Free zone jurisdictions have their regulations and have a government regulatory body called the Free Zone Authority.
FREE ZONE COMPANY FORMATION IN DUBAI, UAE
Benefits of Free zone Company Setup in Dubai
Free zone business setup allows 100 percent ownership in a company. There is no mandatory requirement for a Dubai local sponsor or service agent.
Waiver of Corporate taxes.Exemptions of personal tax, export, and import tax
Long term lease options up to 25 years available to investors at attractive terms
Easy and faster recruitment process of workforce
Faster registration and commencement of business in the Free zone compared to other areas.
Easy access to housing, immigration, labour, and legal Service.
One hundred percent free repatriation of funds.
What is a Free Zone Company?
A free zone company can be LLC which is allowed only in a special jurisdiction under a particular Emirate. Companies registered in free zones are considered offshore companies. They are exempt from dealing with customs authorities and the ministry of economy. They only have to deal with the authorities responsible for a specific free zone. A foreign investor can also have 100 percent ownership in companies here. A free zone company can operate only within the free zone and not in the Mainland.
There’s differences between the UAE Free Trade Zones also known as the FTZ and the UAE mainland in terms of location, restrictions, bureaucratics, pre-requisis and taxes.
For foreigners, starting a business in a free trade zone is very attractive because of all the benefits and advantages. The complexity is which area in the free zone is the best for your business?
For that it’s best to check with Business Setup Services to guide you better with that decision making process. Currently there are over 45 different zones where you can launch your business in the UAE free zone. With Absher, you don’t need to worry about making the wrong choice. We recommend the right zone, depending on your requirements and business conditions. We also take into consideration other factors that we share with you upon consultation. Absher offers the best Pro Services in Dubai to successfully launch your business.
Types of Free Zones in UAE
Presently, there are 45 free zones in the UAE spread across all the emirates. Some of them are
Dubai Airport Free Zone
Dubai cars and Automotive Zone
Dubai Gold and Diamond Park
Dubai Industrial City
Abu Dhabi Airport Business City
Industrial City of Abu Dhabi
Sharjah Airport Free Zone Authority