If you are thinking about starting a free zone business in Dubai and want to learn why entrepreneurs benefit from it, you have come to the right place.
The free zones in Dubai are trying to improve the environment for startup companies by providing lower fees and customized packages.
In this guide, we will highlight some crucial information about doing business in Dubai free zone.
For many years now, the UAE government has taken the initiative to attract foreign investment to the Emirates from all over the world.
The UAE’s economic advancement is mostly attributable to a forward-thinking administration, business-friendly regulations, and the entrepreneurial spirit of its citizens.
The government offers numerous tax-related and other financial advantages to international investors.
Advantages of Establishing a Free Zone Business
Below there is a list of the advantages of free zone company formation in Dubai.
100% ownership
Complete foreign ownership is one of the top advantages of forming a free zone business in Dubai.
This indicates that a foreign investor can start a business without needing a UAE native sponsor.
Regardless of the investor’s nationality, foreign ownership is possible.
No currency restraints
Currency regulations are governmental limits on the exchange of foreign currencies.
There are no currency controls in place. In UAE free zones, there are no currency restrictions of any type. This facilitates financial transactions.
No import & export taxes
Free zone business owners enjoy Dubai’s independent laws and regulations. They can import goods and equipment into their free zone jurisdiction from any country without paying customs.
This helps in advancing global trade.
Depending on the type of goods and the free zone license period, these goods can be stored for an unlimited amount of time.
In addition, multiple warehousing facilities are also available in the port for businesses that want to store their belongings. How amazing it is!
Tax advantages
Free zone businesses are eligible for a 100% tax exemption. This covers both personal and corporate taxes.
Benefits of repatriation
The companies are eligible for all benefits of repatriation. Profits and financial resources are also included in this
Smooth labor recruitment
Free zone businesses can carry out labor recruitment formalities quickly and affordably. The companies may hire foreign nationals.
Workspaces are conveniently accessible
Free zone jurisdictions have access to a variety of warehouse and office options. UAE-free zones are excellent for startups and SMEs.
No hassle
The processes for incorporating a business in a free zone are straightforward.
Compared to other jurisdictions, the licensing process can be completed in fewer days.
Fast & easy business setup procedure
Starting a free zone business in Dubai is simple. There are no tricky steps involved in the business setup procedure.
All you need to do is determine your business’s legal entity, choose an appropriate business name, and apply for a license.
After that, you need to choose an office space. The whole process will take a couple of weeks.
Modern infrastructure
Dubai is famous for its marvelous infrastructure all around the world. Therefore, entrepreneurs can take benefit from Dubai’s infrastructural benefits.
Its sky-touching buildings attract a huge number of foreign investors to start a free zone business.
These are the key reason why entrepreneurs worldwide are stepping into Dubai’s free zone to establish their businesses.
Start your Dubai Free Zone Business with Bizstart!
If you have decided to start a free zone business in Dubai, you do not need to worry anymore. Professionals at Bizstart can help establish a business in Dubai’s free zone. Our experienced business consultants can help you with all stages of business setup in Dubai.
So if you need assistance in things like getting a license, filling out other crucial paperwork, or anything else, we are here to help you.
Bizstart offers seamless business consultation services to expand and grow businesses in Dubai’s free zones.
Furthermore, our consultants will walk you through advanced trends and guide you toward availing the best opportunities for your business.
With us, you are always in safe hands.
So contact us right now!