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Free Zones in UAE the particular location where there is an exchange of products, services, and commodities by different investors. Freezones provide many benefits which will boost the business. It provides access to developed infrastructure at an affordable price.
Entrepreneurs opt to invest in Setting up a Business in UAE Free Zones for several reasons and the most important factor remains the access to the developed infrastructure at affordable prices. Free Zones allow individuals to own 100% stake of the company. There are several Free Zones available is UAE and each of them have their own rules and regulations.
100% foreign ownership
Free Zone companies in UAE provide complete foreign ownership. This states that foreign investors need not find a UAE National sponsor for their company. Foreign ownership is possible irrespective of the nationality of the investors.
Tax benefits
Dubai Free zones have complete tax exemptions. It is devoted to personal, income, corporate, etc. Your business will also be exempt from VAT. Recently, Dubai charged 5% VAT on any goods or services.
Duty free
Free Zone has access to trade with other companies worldwide. Many free zones provide training and networking events free of cost. The free zone in UAE allows the use of all the currencies for carrying out a transaction without any extra charges.
Low operational cost
Free Zone companies are in the best Geographical area. This region has proximity to Africa and Europe, leading to foreign trade without extra cost. Company trade license ranges from AED 10,000 to AED 20,000 per annum depending upon the type of business.
Low freight charges
Dubai has a well-developed and advanced transport system which helps reduce the freight charges of the free zone companies.
Abundant & inexpensive energy
UAE provides sufficient quality energy at a cheaper rate in Free Zones areas. This helps the business to run smoothly, ensuring full capacity use of the machine and human labor.
Exemption from all import and export duties
Free zone companies are free from the obligations on exporting or importing products. This leads to the promotion and marketing of international trade. This is the primary source of attraction for foreign business people and invites them to create a business here.
Freedom to recruit expatriates
Free zones companies allow hiring employees from foreign countries too. However, both foreign professionals and companies must meet all the requirements before the process of hiring.
Freehold offices available on sale or lease
Dubai allows the free zone company to either have an actual or virtual office as a Flexi desk. In the case of renting a Flexi desk, the company is allowed to apply for a 1-3 employment visa depending upon the rules of the free trade zone.
Ready made offices, factories & warehouses
Dubai provide access to ready made offices, factories and warehouses that helps to setup your business in freezone with ease without worrying about establishment cost or anything related to it.
Free transfer of funds and no foreign exchange
control
Many MNC’s biggest concern is related to country’s foreign exchange policies. Dubai offers free transfer of funds and no foreign exchange control so that you can do your international business with ease from freezone.
100% foreign ownership
Free Zone companies in UAE provide complete foreign ownership. This states that foreign investors need not find a UAE National sponsor for their company. Foreign ownership is possible irrespective of the nationality of the investors.
Tax benefits
Dubai Free zones have complete tax exemptions. It is devoted to personal, income, corporate, etc. Your business will also be exempt from VAT. Recently, Dubai charged 5% VAT on any goods or services.
Duty free
Free Zone has access to trade with other companies worldwide. Many free zones provide training and networking events free of cost. The free zone in UAE allows the use of all the currencies for carrying out a transaction without any extra charges.
Low operational cost
Free Zone companies are in the best Geographical area. This region has proximity to Africa and Europe, leading to foreign trade without extra cost. Company trade license ranges from AED 10,000 to AED 20,000 per annum depending upon the type of business.
Low freight charges
Dubai has a well-developed and advanced transport system which helps reduce the freight charges of the free zone companies.
Abundant & inexpensive energy
UAE provides sufficient quality energy at a cheaper rate in Free Zones areas. This helps the business to run smoothly, ensuring full capacity use of the machine and human labor.
Exemption from all import and export duties
Free zone companies are free from the obligations on exporting or importing products. This leads to the promotion and marketing of international trade. This is the primary source of attraction for foreign business people and invites them to create a business here.
Freedom to recruit expatriates
Free zones companies allow hiring employees from foreign countries too. However, both foreign professionals and companies must meet all the requirements before the process of hiring.
Freehold offices available on sale or lease
Dubai allows the free zone company to either have an actual or virtual office as a Flexi desk. In the case of renting a Flexi desk, the company is allowed to apply for a 1-3 employment visa depending upon the rules of the free trade zone.
Ready made offices, factories & warehouses
Dubai provide access to ready made offices, factories and warehouses that helps to setup your business in freezone with ease without worrying about establishment cost or anything related to it.
Free transfer of funds and no foreign exchange
control
Many MNC’s biggest concern is related to country’s foreign exchange policies. Dubai offers free transfer of funds and no foreign exchange control so that you can do your international business with ease from freezone.
Ajman Free Zone Authority has been named as the sole regulatory agency for this free zone. The formation of this has cheered the industrial activity in the Free zone. Since its construction, it has been one of the most popular areas for the business owner to set up your business in UAE.
Fujairah free zone has also been named the zone of convenience. The Emirates continue to grow under the ruler of Fujairah. It is the only emirate in the East zone and serves both eastern and western markets. This is a primary source of attraction for business in Fujairah free zone areas.
Ras Al Khaimah free trade zone has the best location for any free zone to work. It is just 45 mins away from Dubai international airport. This makes it more prone to investment by investors from all around the world. They fulfill the requirement of all types of enterprises, such as small, medium, and large enterprises.
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