Free Zone Areas in the UAE – The human race has witnessed a recent global recession triggered by the pandemic. With the news of a vaccination drive nearing the horizon, we need to gear up for a shining post-COVID-19 world! It is the correct time for an economic boost, and you can cement you foothold in the market domain with accurate business plans! Here choosing the right location plays the key role.
5 Significance of a Free Zone Business Registration in UAE!
UAE provides a promising scope to the enthusiastic entrepreneurs looking for a new business set up in the Middle East! The Free Zone Business Setup is a sought-after choice in Dubai and other provinces, and many company formation consultants can help you through the process with ease. This kind of business setup entitles you to 100% ownership of the business sans the local partner’s overhead.
Free Zones Have Their Own Framework of Regulations!
A free zone is an isolated setting with specific regulations and regimes governed by an independent authority. This governing authority manages their taxation rules, imports and custom regulations, license and visa approvals. This zone is free from taxes, has several custom privileges and provides complete foreign ownership.
5 Key Advantages Touted By Free Zone!
The Free Zone business setup is a popular attraction for foreign investors due to the several benefits that it offers. Some noteworthy advantages are discussed here:
1.) 100% Foreign Ownership
Whenever you think of doing a business out of your home country, you need to slice the ownership rights with foreign aides. But a Freezone setup in Dubai gives you complete hold of your company, and you are the rightful owner and the decision-maker.
2.) Tax Exemptions
The Dubai government has laid a bait to attract foreign investments through tempting tax exemptions for free zones. So you can derive the maximum benefit of this privilege with your foreign business plans. Exemption in corporate taxes, nil import/export taxes, zero personal tax and customs duties make this a lucrative business setup. Time to dive in and explore a whole new world of opportunities!
3.) Remote Office
You can set up an office in Dubai from any distant corner of the world and can run a virtual management. This pandemic has established the perks of remote working, and the efficiency and productivity achieved outshine the traditional office culture. The virtual setup helps you cut the infrastructure and maintenance costs, and you can focus on other investment possibilities.
4.) No Trade Barrier
The government here does not impose any trade ban or restrictions, and you can easily do business with anybody. No matter which company or which country you are trading with, you can continue without any trade quota.
5.) Availability of Skilled Workforce
Dubai has a lifestyle that most population craves for! This attracts workforce and skilled human resources from different parts of the world to assemble here in the Middle East. It gives you a bright chance to hire them at negotiable costs. So managing and procuring high-grade talents for your budding company becomes all the easier!
Steps To Establish A Company In The Free Zones!
Are you dreaming of making it big and having your own company on the international soil? If yes, then UAE gives you the perfect canvas to paint your imagination! With the right exemptions and attractions for cross-border investors, you can easily choose to have a business set up in their special economic zones.
You need to start with a perfect business idea and then finalize the kind of company setup you want! Choosing a trade name and getting hold of a valid business license is the following process. Applying for a business license and completing all the documentation and formalities are required.
Choosing a Free zone, selecting an office space, getting all the pre-requisite approval from the governing bodies follows thereafter. Doing all of this single-handedly is too much work and efforts, and here, taking help from a professional company formation agent is always advised. They lead you through a guided way that accelerates the whole process within the laid norms.
Selecting the Right Business Setup Consultants!
When it comes to exploring a whole new world, you need experts by your side. Here Dubai Business Setup vows to become your true partner and show you the correct path. Whatever be your business needs, we provide you with a one-stop solution to all your requirements. Right from the onset till the end procedure, we stand by your side and help you with our valuable services.
Being the pioneers of the industry, we have helped many patrons achieve their milestone. We are the most recommended consultants for enthusiastic souls who want to make their success scream louder. Collaborate with us today and watch your dreams turn into reality!
Business setup consultants at the Dubai business setup can help you draft a comprehensive business plan, get approvals for a food license, trade license, and ultimately help you start a business Free Zone in the UAE.