Benefits of Your Business Setup in Dubai Free Zone
UAE free zones are fascinating places for new foreign investors who want to start a business with 100 % of its ownership. These zones offer 100% ownership along with zero taxes and many other benefits for the company owners. This makes free zones the most suitable location for international investors.
Here are some advantages of having a Business Setup in a Free Zone and how it operates are as under:
Ownership Of Business:
The most significant advantage of setting up a Free Zone company is that you can retain 100% ownership of your business without any local service agent.
Financial Benefits:
Some other financial benefits of a Free Zone Company Formation are that it has a 0% corporate tax rate and 0% income tax rate. Also, there is no duty charged on imports and exports, and one can repatriate 100% capital and profit.
Business License:
A Free Zone company formation in UAE firstly requires the approval of a trading license. The license can be of three types:
- Commercial License: This license covers all types of trading activities.
- Industrial License: It covers all the manufacturing businesses and the companies that involve in the process of transforming raw materials or semi-formed materials into final products. It also involves the processing of goods, packaging of items, and in the end preparing them for sale.
- Professional License: This type of license is given based on the skills and expertise of either an individual or a company, and it covers the range of professional services, management opinions and ideas, and public relations.
Sector-Specific:
A very important factor that can provide great and strategic opportunities to free zone companies is that the UAE free zone companies are sector-specific. It provides foreign investors and business owners to share and access the best knowledge and expertise from other companies in the same field.
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