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To boost international business, Free Zones (also known as free trade zones) has been designed by providing 100% ownership to expatriates and single-window administration convenience.
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The most fertile ground for setting up businesses is offered by free zones which are equipped with state-of-the-art infrastructure, duty and tax exemptions, world-class business amenities, flexible government policies, and unmatched facilities. The benefits of setting up your business in Dubai Free Zone are:
Complete foreign ownership is possible if one is forming a free zone company in UAE which means for company formation the foreign investor need not find a UAE national sponsor. It is irrespective of the nationality of the investor.
There are restrictions in transaction of foreign currencies imposed by the government and known as Currency regulations. UAE free zones have no regulations which make financial transactions easier.
Free zone jurisdictions in the UAE have no import and export duties that help in promoting international trade.
Free zone companies are eligible for full repatriation benefits including profits and financial assets.
Labour recruitment formalities are easy and cost-effective in Free zone companies where they are allowed to recruit foreign nationals.
company incorporation procedures in the free zone are simple and straight forward where the licensing procedures is accomplished in less number of days.
UAE Free zones Immigration facilities are efficient and time saving.
Other benefits include –
Are you looking to setup a company in the Dubai Free zone ? , then you might also want to look into the procedure.
Registering a Dubai Free Zone company is straightforward and usually takes three weeks to incorporate. After the preferred free zone is decided, one have to follow further steps:
However, there may be certain limitations too in setting up a company in Dubai Free Zone.
You must be aware of the attributes and advantages of each one, when you set up a company in a Dubai free zone. For example, if your company will be providing IT services, you should consider the Dubai Media City or Internet City zone, or for a trading company, Dubai Multi Commodities Centre would be equally conducive. When one needs access to airports and seaports, Jebel Ali Free Zone is appropriate for a shipping company.
multiple investment opportunities to investors is provided by Free zones in Dubai along with offering them the flexibility to select a business entity fitting their unique business needs and objectives. To realize your entrepreneurial dreams without worrying about the nonsense, visa applications, documentation, licensing formalities, and residence permits, banking details, etc.; Black Swan Business Setup, Dubai has the expertise to take care of all these requirements. If you decide to open a Dubai free zone, don’t hesitate to contact us, even if it’s for friendly advice.
Originally posted 2021-09-29 06:22:18.