The UAE and its business locations are among the most advantageous business hubs in the world. Aside from being excellent places to do business, the UAE can also provide you with numerous benefits and advantages. And establishing a free zone company in Dubai is one of your best options for obtaining those benefits for your company and you can also create a freezone trade license Dubai.
In this article, you will learn everything you need to know about the advantages of establishing a business in the UAE. More specifically, this page contains information on the most notable benefits of establishing a free zone company. Furthermore, we will provide you with useful information about the business setup process in these Dubai jurisdictions known as free zones. Let us observe:
1. Exemption From Import And Export Duties
When establishing a freezone company in the UAE, you can benefit from tax exemptions as well as duty exemptions. This benefit is provided by all free zones in the country, allowing companies to grow exponentially as stable businesses. Furthermore, both the country and the investors can benefit from the exemption of import and export duties.
2. Complete Foreign Ownership of Your Company
Foreign ownership of companies or businesses is another outstanding benefit that makes free zones successful business hubs for investors. If you want to establish a freezone company in the UAE, you will have complete ownership. In other words, you won't need a local sponsor to own 51% of your company. Unlike free zones, companies located on the mainland must find a Dubai national to hold that percentage of their company. Meanwhile, business owners can only have 49%. This does not apply to free zones, where business owners can own 100% of the company.
Also Read About: Benefits of Setting Up a Business in Ajman Free Zone
3. Tax Benefits That Free Zones Offer
This benefit is one of the main reasons why investors from all over the world prefer free zones to other options. Free zones are popular in the UAE because they provide tax breaks to all businesses that operate within them. Personal and corporate income taxes are among the taxes that free zone companies and businesses are exempt from. In some cases, businesses may even be exempt from other applicable taxes, such as VAT. Although the VAT is low, establishing a freezone company in the UAE allows your company to be exempt from it.
4. Access To World-Class Infrastructure
Another benefit of establishing a freezone company in Dubai is access to a variety of facilities. For example, you can rent or lease excellently maintained warehouses, fully equipped office spaces, and a variety of other options. Because these facilities and spaces are easily accessible, free zones have grown in popularity among SMEs and startups.Furthermore, there are numerous alternatives available, ranging from the cheapest to the most expensive or you can registering a business in Dubai. You can also choose between leasing and renting your ideal workspace. However, this will be largely determined by your requirements and available budget.
5. Straightforward Process To Recruit Employees
Another advantage of establishing a freezone company in Dubai is that you can easily find the workers you require. And you can hire them without having to go through time-consuming procedures in order to achieve your objectives. Companies located in free zones, on the other hand, can hire foreign nationals if they so desire. However, before beginning the hiring process, it is critical that both the companies and the foreign professionals meet all requirements.
Would you like to contact Connect Free Zone to learn more about the advantages of establishing a free zone company in the UAE? If you have any questions, please contact us at +971- 58-586-5477. Alternatively, you can email us at info@recorporate.net and speak with one of our representatives who will gladly answer all of your questions.
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