Free Zone Company\nFormation<\/p>\n\n\n\n
The opulence that exists here in UAE, the wealth, the money,\nthe fancy cars, the fancy houses, the five, six and seven star hotels. A lot of\npeople around the globe wonder what\u2019s going on here and wonder how this place\ngot so successful.<\/p>\n\n\n\n
Well, one of the reasons the UAE got successful and\nworldwide recognition is because of its immense business opportunities and ease\nof doing business.<\/p>\n\n\n\n
UAE free zones play a huge role in driving UAE\u2019s economy.\nThe business opportunity that exists in UAE free zones is phenomenal.<\/p>\n\n\n\n
The first free zone in the UAE emerged in 1985. Today in\nDubai alone there are over 20 free zones. And in overall UAE, according to The\nNational, there are 49 free zones. Each of them was established to serve needs\nof particular industry. Today free zones review their plans, embrace economic\nchanges and digest their strategies. As a result several free zones open their\ndoors to multiple industries although initially the main focus was on a few\nsectors.<\/p>\n\n\n\n
Free economic zone DMCC deserves separate mention. In 2015,\nDMCC was recognized globally as best free zone by fDi magazine. There are over\n10,000 businesses registered in the free zone successfully conducting their\noperations.<\/p>\n\n\n\n
In general each free zone in the UAE has distinctive\nfeatures and has different requirements in terms of business regulations.<\/p>\n\n\n\n
Benefits 0f Setting Up A UAE Free Zone Company<\/strong><\/p>\n\n\n\n Following are the benefits of free zone company formation in\nUAE, 100% foreign ownership: If you setup in a UAE free zone you have the right\nto completely own your company which is different to the rules that apply if\nyou are operating outside a free trade zone.<\/p>\n\n\n\n Tax breaks<\/strong>: You also have the right to tax breaks\nwhich extend for in excess of 10 years after you setup within the zone.<\/p>\n\n\n\n 100% repatriation of capital and profits<\/strong>: You are\nallowed to repatriate your foreign capital and profits completely.<\/p>\n\n\n\n 100% free transfer of funds<\/strong>: there are no\nrestrictions to the transfer of funds.<\/p>\n\n\n\n 100% exemption of import and export duties<\/strong>: there are\nof course transaction charges and they vary from free zone to free zone.<\/p>\n\n\n\n Quicker Free zone company formation<\/strong>: Formation of\nfree zone company is quicker and you do not need a local sponsor to form your\ncompany.<\/p>\n\n\n\n Easy recruitment procedures<\/strong>: The recruitment\nprocedures are pretty simple and you can recruit people from anywhere in the\nworld except from some restricted countries like Yemen, Egypt and so on where a\nsecurity check is done in advance.<\/p>\n\n\n\n 25-year lease options<\/strong>: You can lease warehouse and\nproduction facilities on a 25-year-old lease. Areas are also available for\nproduction and assembling.<\/p>\n\n\n\n Benefit from inexpensive basic services<\/strong>: You will be\nable to benefit from inexpensive basic services such as water and electricity.<\/p>\n\n\n\n As mentioned before, many free zones in Dubai are\nspecialists\u2019 free zones like Dubai Airport free zone specialized in logistics\nrelated companies,<\/p>\n\n\n\n Dubai Multi Commodities center (DMCC) \u2013 for commodities\ntrading<\/strong><\/p>\n\n\n\n Home to thousands of successful businesses, DMCC is a leading\nfree zone in Dubai for trading commodities such as gold, diamonds, metals, and\ntea as well as industrial materials. If you want to do business in commodity\ntrading, company formation in DMCC is the perfect place for you where you can\nmeet, partner or compete with the companies in your sector.<\/p>\n\n\n\n Jebel Ali Free Zone (Jafza) \u2013 opportunities for numerous\nbusinesses<\/strong><\/p>\n\n\n\n According to Khaleej times, Jafza contributes to over 50% of\nDubai\u2019s total exports. Business setup in Jafza is the perfect choice for your\ntrading business as it is close to airport and Jebel Ali sea port. It has state\nof the art network of warehouses and IT and communication infrastructures.<\/p>\n\n\n\n Dubai Internet City (DIC) \u2013 for IT and communications<\/strong><\/p>\n\n\n\n Home to the popular global companies such as Microsoft, IBM\nand Dell, Dubai Internet City is the perfect place to setup tech business.\nBusiness setup in DIC will provide you with excellent business startup packages\n(incubators) as well as a great location which will help you expand in Mena\nregion.<\/p>\n\n\n\n On the whole, setting up a free zone company in UAE is\nactually a pretty good deal.<\/p>\n","protected":false},"excerpt":{"rendered":" Free Zone Company Formation The opulence that exists here in UAE, the wealth, the money, the fancy cars, the fancy houses, the five, six and seven star hotels. A lot of people around the globe wonder what\u2019s going on here and wonder how this place got so successful. Well, one of the reasons the UAE got successful and worldwide recognition is because of its immense business opportunities and ease of doing business. UAE free zones play a huge role in driving UAE\u2019s economy. The business opportunity that exists in UAE free zones is phenomenal. The first free zone in the […]<\/p>\n