Dubai has always led with an example when it comes to setting standards in the economic market. They developed tax-efficient rules and regulations that are simple to follow, establishing standards for both online and offline firms, including LLCs and import/export businesses. Therefore, it is evident that the UAE came up with the concept of freezones to regulate a higher amount of business reaching the mainland via freezone business setup in Dubai.

Let’s move ahead and get to know the concept of owning businesses in the freezone areas of Dubai.

Benefits of company formation in Dubai freezone

First and foremost, free zones in Dubai are basically geographic areas within a country. These regions allow for the trading of products, services, and commodities without the interference of onerous customs rules. For most of the freezone business setup in Dubai, companies are taxed minimally or sometimes even fully exempted. This encourages economic activity and a higher rate of doing profitable business without worrying about taxes and capital revenue to be paid to the administrations. Each free zone in Dubai Mainland is an autonomous entity with its own freezone authority. This authority governs, handles registration, and issues licenses within the premises of that freezone.

The freezone business setup in Dubai were intended to act as international business hubs for companies conducting businesses outside the UAE since they were not initially licensed to operate within the rest of the UAE. Although during the initial phase, most of the freezone companies were involved in import and re-export, though now most of the companies run business within the UAE and GCC through local distributors and traders. Freezone business setup in Dubai offers the most fertile ground for setting up industries equipped with state-of-the-art infrastructure, duty, and tax exemptions, commendable business opportunities coupled with flexible government policies, and facilities. These makes the experience of running a business look seamless.

Why invest in a freezone business setup in Dubai?

• 100% ownership of the business without the aid or requirement of a local sponsor

• 100% exemption from personal income tax and capital gain tax

• Inclusion of minimal Import/Export duty

• Zero per cent corporate tax payable to the administration

• Single window clearances for administrative services

• 100% repatriation of capital and profits from the business

• Speedy acquisition of license and ease of business set-up

• Transparent laws and regulations

• Zero restriction on currency movements between foreign nations

• Provision of world-class infrastructure with an efficient communication system

• Low start-up and operational cost

• No visa restrictions for recruitment of foreign national along with liberal labour laws

• Unlimited access to a wide gamut of skilled professionals and artisans

• Easy access to air, rail, and road transport systems

• Ready consumer market across MENA and Asia regions

The number of freezones is gradually moving higher every year. Currently there are 30 free zones operating across the UAE, spread far and wide across the seven emirates.

One of the most salient features is that one can set up a business in return for an extremely low cost for setting up a business in Dubai freezone.

Connect with Eaglewings

There are many agencies that are working hard day and night to provide the most dependable local sponsors that align perfectly with the goals and ambitions of the company. The best agency in Dubai is eaglewings Business Setup Dubai. To book a free consultation with Eaglewings freezone company formation specialist, call ++97524200436 or send a WhatsApp to ++971524200436 or simply drop an email at info@eaglewings.com.