For many entrepreneurs who are eyeing Dubai as the location for their next business venture, setting up their companies in the many Free Zones present in the Arab State have always been a popular choice. For good reason! A Free Zone Company in Dubai offers a host of unmatched benefits and this blog seeks to unravel everything that an entrepreneur would want to know about the Dubai Free Zone Benefits.
Total Foreign Ownership
If you establish your business within a Free Zone in Dubai, you’ll be happy to note that there is no requirement for a local partner or sponsor to get involved. As a business owner, this gives you complete freedom with 100% foreign ownership.
Tax Exemptions
Your Free Zone company will not have to pay any corporate or personal tax in Dubai, thanks to the 0% Tax Rate. In addition, if you seek to establish a company that trades in tangible goods, you will be exempted from duties related to importing and exporting goods.
Repatriation of Profits and Capital
When the time comes to send back your profits or capital to your country of origin, you may send the entire lump sum back home without any restrictions. This makes Free Zone companies a superb choice for international business operations.
Ease of Setup
Because Free Zones exist to cater to foreign companies, setting up a business within a Free Zone faces far less bureaucratic red tape in comparison to a mainland company.
Idyllic Location
The Dubai Government has ensured to position Free Zones in close proximity to major transportation and logistics hubs, allowing for seamless global trade.
No Currency Restrictions
Your Free Zone company is given the freedom to use any preferred currency in business transactions, without any restrictions. This paves the way for easy international trade without the worry of exchange rate conversions and losses.
Best in Class Infrastructure
From work spaces to warehouses, production facilities and everything in between, the Free Zones of Dubai house everything needed for the business of today.
Customs Perks
Free Zone companies enjoy even more streamlined customs procedures and formalities. Together with numerous customs exemptions, you’ll benefit from reduced customs tariffs and time saved when it comes to the import and export of goods.
Networking Opportunities
Several business events take place within Dubai’s Free Zones. This gives companies the opportunity to network and build connections with other businesses, potential clients and like minded business owners.
Got Questions? Reach out to SetHub!
While we’ve covered the most attractive benefits of setting up a Free Zone company, you can be rest assured that there may be more, depending on your business activity and companies legal structure. That is where SetHub comes in, reach out to us for some tailored advice on Free Zone Business Setup Dubai. Our experts are always on hand to make this process smooth and hassle free!
Why Choose SetHub?
Our team of legal and business experts is well-versed in UAE regulations and procedures.
- Schedule a call with us and hear back within one business hour.
- Our tailored solutions are guaranteed to meet your specific needs.
- Reach out now and let us help you through every step of the process of starting a Free Zone company in Dubai.
