Benefits Of Setting A Business In Dubai Free Zone

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BENEFITS OF SETTING A BUSINESS IN DUBAI FREE ZONE
Presentation By Start Any Business
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Introduction
Free Zones in Dubai was designed as international
business hubs for companies handling business
outside the United Arab Emirates (UAE) since they
are not licensed to operate within the UAE.
Nevertheless, most of the free zone companies
were import and re-export now, most companies
manage the UAE and GCC business through local
merchants. There are many benefits of setting a
business in the Dubai Free Zone. Free zones, also
known as free trade zones, are designed to
enhance international business by offering 100
ownership to expatriates and single-window
administrative convenience. As Dubai is
developing and people are likely to do business
here in Dubai. The government of Dubai has set up
a free zone region in Dubai. The Dubai Free Zone
authority handles these zones. Dubai free zones
are framed for new businesses and startups to
begin their new business, and the rules and
regulations are also governed by free zone. These
zones are specially developed to overcome the
problem facing by the new traders. Dubai and UAE
free zone offer facilities to start a new
business or open a branch or office of their
company. These businesses are independent, and
the Dubai government does not comprise the
industry.
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Free Zones are geographic regions within a
country where goods, services, and materials may
be patronized without the interference of
powerful customs laws. In most free zones,
companies are taxed minimally or sometimes even
wholly exempted to motivate economic activity.
Business people and traders always think of the
best jurisdiction for their company formation in
Dubai. When companies get set in the Dubai
mainland, some get their business set up in free
zones. In some cases, several entities get formed
mainland and free zone jurisdictions. Free zones
are special to assist the new business ad in
attracting overseas investment and business in
Dubai. These free zones provide tax-free, free
custom duty advantages to emigrant traders. Free
zones serve as business centers and as relevant
contact points for fast entering your products
into the market through legal entry details.
Along with this, the free zone business setup is
relatively less expensive. Most of the
regulations in mainland Dubai are not relevant
inside a free zone. For instance, employees of
free companies have visa validity got three years.
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Here Are The Benefits Of Setting A Business In
Dubai Free Zone

• 100 ownership for investors regardless of their
  nationality and domicile
• 100 tax exemption on personal or corporate
  income or gains
• Exclusion from all import and export duties
• Exemption from corporate tax for 15 years, with
  an additional renewal choice for 15 years
• 100 repatriation of capital and profits
• No capital deposit needed
• Full-fledged infrastructure with the efficient
  communication system
• No visa restriction for recruitment with liberal
  labor laws
• Stable and transparent rules and regulations
• No limitation on currency movements

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Although there may be specific limitations in
setting up a company in Dubai free zone.

• Being unable to manage a business or engage in
  business activities with clients or suppliers in
  Dubai mainland
• Prerequisite of renting office premise within the
  opted free zone
• High translation and notarization costs

Free zones in Dubai offer several investment
chances to traders and provide them with the
versatility to choose a business entity that fits
their different business requirements and
objectives. The freedom of doing business,
substantial tax savings, and a robust
infrastructure lead traders and business people
to set up their operations in Dubai free zones.
Dubai comprises more than thirty free zones.
Hence, when you set up a company in a Dubai free
zone, you must know each ones attributes and
benefits.
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Station, Bur Dubai, Dubai, United Arab Emirates
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